Tag Archives: Fund

Capital Business Solutions Adds Key Contributor to its Sage Fund Accounting (Formerly Sage MIP) Consulting Practice

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Capital Business Solutions Adds Key Contributor to its Sage Fund Accounting (Formerly Sage MIP) Consulting Practice












Raleigh, NC (PRWEB) December 01, 2011

Capital Business Solutions a nonprofit focused software and consulting services company based in Raleigh, NC, announced it has hired Joon Groh, a 15 year nonprofit industry veteran, to join the company’s growing Sage Nonprofit Fund Accounting practice.

Prior to joining Capital Business Solutions, Joon worked seven years as a Senior Sage Fund Accounting consultant. His experience with nonprofits extends beyond the typical technology consulting role, having been the Finance Director for Missouri Ozark Community Action in Richland, Missouri for five years. “Joon brings a wealth of practical nonprofit financial management and Sage Fund Accounting experience to our team” says Peter Saul, Director of Consulting Services. “Joon’s certification as a Community Action Professional combined with his 7 years of Sage Fund Accounting experience gives us an ability to offer an even richer implementation experience to heavily grant funded organizations.”

About Capital Business Solutions

Capital Business Solutions is a recognized leader in providing cutting-edge, highly integrated software solutions for nonprofit and public sectors. Capital Business Solutions sells and implements such industry-leading software as Serenic Navigator, Sage MIP Fund Accounting, Sage Fundraising 50 as well as being the developer of DrillPoint Reports, an integrated, Excel reporting tool for Sage Fund Accounting.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Bob Freling of Solar Electric Light Fund Invited to Participate at Second IEF-OFID Symposium on Energy Poverty

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Bob Freling of Solar Electric Light Fund Invited to Participate at Second IEF-OFID Symposium on Energy Poverty










Washington, DC (PRWEB) November 15, 2011

The Solar Electric Light Fund (SELF), a Washington, D.C.-based nonprofit working to eliminate energy poverty through the use of solar power, today announced that its executive director, Robert Freling, has been invited to participate in the prestigious Second Symposium on Energy Poverty hosted by the International Energy Forum (IEF), in partnership with the OPEC Fund for International Development (OFID). The symposium, held November 15-16 in Vienna, Austria and limited to 120 attendees, will address the multifaceted issue of energy poverty and identify the solutions needed to eradicate it. The results of this conference will help the IEF to prepare recommendations for the 13th IEF Ministerial in Kuwait in 2012.

At the symposium, Mr. Freling will moderate, “Session Three: Multifaceted cooperation to finance energy access for the poor; what are the most sustainable mechanisms?” The panel will focus on how to finance alternative energy development projects, shift from fuel to renewable energy solutions, facilitate public-private partnerships, and other finance and renewable energy related topics.

“It’s an honor to participate in this event and partner with an elite group of experienced global leaders to provide recommendations to the IEF for eliminating energy poverty,” states Freling. “I look forward to sharing my own experiences of how the application of solar technology has improved local economies in rural villages and empowered the people in these communities.”

The symposium will gather participants from developed and developing countries, representatives from governments and industry, multilateral and bilateral organizations, finance institutions, and international aid agencies.

About SELF

The Solar Electric Light Fund (SELF) is a Washington, DC-based nonprofit working to eliminate energy poverty and combat climate change by bringing solar power and wireless Internet access to remote rural villages in the developing world. SELF has pioneered innovative applications of solar power for drip irrigation in Benin, telemedicine in the Amazon rainforest, vaccine refrigeration in Rwanda, online learning in South Africa, and microenterprise development in Nigeria. These successful pilot projects culminated in SELF’s whole-village approach, or Solar Integrated Development model. Since 1990, SELF has completed projects in 20 countries, making it a leader among non-governmental organizations in realizing practical and cost-effective alternative energy solutions for rural villagers. For more information, please visit http://www.self.org.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Government Funding

Federal Fund Management Advisor Announces Its First Webinar on November 14

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Federal Fund Management Advisor Announces Its First Webinar on November 14










Washington, DC (PRWEB) November 07, 2011

Federal Fund Management Advisor is pleased to announce the first program in a new, ongoing series of webinars addressing a wide variety of grants management topics. Cost Allowability 101, which will be held November 14, will provide an overview of the key policies that cut across all of the federal “cost principles.” For more information see webinar details at http://federalfundmanagement.com/webinars/wg101_111411.

The rules for determining what costs can be charged to the government, which ones cannot be charged, and how the costs are to be documented for federal grants and contracts are neither crystal clear nor a short enjoyable read. Just the fact that there are five different sets of “cost principles” that apply to different types of award performers causes enough confusion.

But, regardless of the density and diversity, staff members of the organizations that receive and administer those federal awards must be familiar with the principles to help avoid costly disallowances and other adverse consequences. And that’s not just the people who work in the finance department. Program staff members, research investigators, support personnel, and internal auditors all need a sufficient awareness of the specific cost principles that apply to their type of organization and the ability to find defensible answers to cost allowability questions.

Webinar participants will learn the details of:


The universe of federal cost principles
Applicability to federal awards and subawards
The concept of total recovery under an award
The distinction between direct and indirect (or facility and administrative) costs
How applicable credits work
The general tests of allowability that apply to every charge to a federal award
The “selected” items of cost and why they were selected
Guidance on interpretation of allowability for individual items of cost
Allowability of common “big ticket” items

The webinar will be presented by Bob Lloyd, a respected authority on policies and practices affecting the award, administration and oversight of federal grants and contracts. He has nearly 40 years of experience in federal fund management. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as executive director of the Grants Management Advisory Service. Earlier, he held senior staff positions in two large federally funded organizations. Since forming his practice, he has served under contract to sixteen major federal award-making departments and agencies and as a consultant, trainer or advisor to recipients, subrecipients and their professional advisors located in all 50 states, the District of Columbia and 18 foreign countries. He has delivered hundreds of training courses on federal fund management topics and has served as principal author or contributor for seven professional reference services.

After a 60-minute presentation, a concluding 30-minute question-and-answer session will allow webinar participants to pose individual questions to Mr. Lloyd.

Visit http://federalfundmanagement.com/webinars/wg101_111411 for more details and registration information.

Federal Fund Management Advisor is a new organization that will sponsor Federal Funding webinars and deliver free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, Debunking “In-Kind” Contributions, and more in the E-Strategy Archives.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Government Funding
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Highgate Tech Fund Reflects Both Government & FSA Ethos for Investing in Entrepreneurial Britain

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Highgate Tech Fund Reflects Both Government & FSA Ethos for Investing in Entrepreneurial Britain











Highgate Tech Fund


London, UK (PRWEB UK) 9 September 2011

Highgate Tech Fund responds to recent concerns from the FSA about EIS fund marketing by proving again that not all EIS funds are the same. Since its inception in 2010, Highgate Tech Fund has taken a different approach to most EIS and VCT funds by focusing on the investments within the fund and working hard to deliver a profitable return on those investments. Many investment advisors are initially sceptical, but once they understand that the Highgate ethos is aligned with the government, with the investor and the investee company, they quickly recognise the benefits.

Highgate does not market its funds based on tax relief returns. In fact, the opposite is true. Highgate does not charge any fees to investors and only makes money after it has returned 6% annualised to the investor and therefore is only interested in profits and successful exits. At this point, Highgate shares profits with investors 75%/25% ensuring that the fund management team interests are completely aligned to those of the fund investors.

In addition, fund management puts its money where is mouth is by also investing their own personal money in the funds, and not just small amounts. To date, Tech Fund Managers have personally invested more than £500K across the two funds. The Fund Managers don’t do this for EIS tax benefits because they can’t. Instead, Highgate only invests in the very best of UK Tech Sector businesses, ones that the fund management team understand well (because that is what they have done all their working lives, create, build and exit tech businesses globally). Once the investment is made, the fund management team works closely with the investee businesses helping them to succeed and working towards a profitable exit for the investors. The Fund Management team have all worked extensively in the tech sector, building successful businesses and now want to help the most innovative and entrepreneurial British software companies to succeed, with investment and more critically, expertise.

Mr Matthew Lawrence, Principal of Horizon Funds says, “We were intrigued by the Highgate Tech Fund, which completely turns the EIS Funds sector on its head by not focusing on the tax breaks, although these clearly are still available. We could quickly see how our intermediary clients, the broader advisor community and end investors would understand the benefits and appreciate the ethos of a fund that exists to deliver profit not a tax break. A truly refreshing approach in this industry.”

The government led by David Cameron and George Osborne, are fully behind the true ethos of EIS (evidenced by recent improvements to the EIS Scheme), that is to support entrepreneurial Britain and incentivise wealthy investors to enter the higher risk arena of early stage companies. What Highgate seeks to do is to minimise that risk as much as possible by only focusing on a sector that they understand, investing in only the best companies in the highest growth areas and bringing in a broad range of businesses in each fund. By only taking any money from the fund on a successful exit, the fund management team ensures that their goals are entirely aligned with the fund investors, the government and the FSA.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Government Funding

Highgate Tech Fund Reflects Both Government & FSA Ethos for Investing in Entrepreneurial Britain

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Highgate Tech Fund Reflects Both Government & FSA Ethos for Investing in Entrepreneurial Britain











Highgate Tech Fund


London, UK (PRWEB UK) 9 September 2011

Highgate Tech Fund responds to recent concerns from the FSA about EIS fund marketing by proving again that not all EIS funds are the same. Since its inception in 2010, Highgate Tech Fund has taken a different approach to most EIS and VCT funds by focusing on the investments within the fund and working hard to deliver a profitable return on those investments. Many investment advisors are initially sceptical, but once they understand that the Highgate ethos is aligned with the government, with the investor and the investee company, they quickly recognise the benefits.

Highgate does not market its funds based on tax relief returns. In fact, the opposite is true. Highgate does not charge any fees to investors and only makes money after it has returned 6% annualised to the investor and therefore is only interested in profits and successful exits. At this point, Highgate shares profits with investors 75%/25% ensuring that the fund management team interests are completely aligned to those of the fund investors.

In addition, fund management puts its money where is mouth is by also investing their own personal money in the funds, and not just small amounts. To date, Tech Fund Managers have personally invested more than £500K across the two funds. The Fund Managers don’t do this for EIS tax benefits because they can’t. Instead, Highgate only invests in the very best of UK Tech Sector businesses, ones that the fund management team understand well (because that is what they have done all their working lives, create, build and exit tech businesses globally). Once the investment is made, the fund management team works closely with the investee businesses helping them to succeed and working towards a profitable exit for the investors. The Fund Management team have all worked extensively in the tech sector, building successful businesses and now want to help the most innovative and entrepreneurial British software companies to succeed, with investment and more critically, expertise.

Mr Matthew Lawrence, Principal of Horizon Funds says, “We were intrigued by the Highgate Tech Fund, which completely turns the EIS Funds sector on its head by not focusing on the tax breaks, although these clearly are still available. We could quickly see how our intermediary clients, the broader advisor community and end investors would understand the benefits and appreciate the ethos of a fund that exists to deliver profit not a tax break. A truly refreshing approach in this industry.”

The government led by David Cameron and George Osborne, are fully behind the true ethos of EIS (evidenced by recent improvements to the EIS Scheme), that is to support entrepreneurial Britain and incentivise wealthy investors to enter the higher risk arena of early stage companies. What Highgate seeks to do is to minimise that risk as much as possible by only focusing on a sector that they understand, investing in only the best companies in the highest growth areas and bringing in a broad range of businesses in each fund. By only taking any money from the fund on a successful exit, the fund management team ensures that their goals are entirely aligned with the fund investors, the government and the FSA.

# # #





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Government Funding