Not-for-profits have a new way to get financing.
NPX, a company that is developing a model for nonprofit investment, announced on Tuesday the creation of a financial instrument that ties donations and investments in charities to performance. The idea is the brainchild of Lindsay Beck, a two-time cancer survivor who I wrote about in 2013 and co-founded NPX with Catarina Schwab, and Anna Pinedo, a partner at Mayer Brown.