Fiduciary money has scale, mission and duty
By inventing fiduciary finance, Bank of Nature is going to use fiduciary money to do what it isn’t doing right now. That’s stewardship: fixing climate, and other global pandemics, and paying for endgame sustainability.
We need a planet-scale structural shift that directs big money toward stewardship that pays for big solutions. This requires an adaptive evolution in the way big money, like pension funds, moves today.
Money is humanity’s currency for expressing ingenuity, excellence, enterprise and progress. It is often, concurrently, horrifically abusive, short-sighted and self-destructive. Fiduciary finance is what makes Bank of Nature viable in the real world.
How does money fix our global pandemics? An economic shift:
- From unsafe status quo to a safer alternative
- From extractive of nature to interactive with nature
- From actions of individuals to actions of institutions
- From growth to sufficiency
- From climate impasse to climate engagement.
While speculative markets, like Wall Street, were designed for individuals to express their self-interest, institutions have been afforded the same discretion. That means conventional finance allows public trusts to gamble in investor markets never designed for institutions and where they play a dangerous and outsized role. At Bank of Nature, we are creating a safer alternative where the financial might of institutions can direct their influence toward the leadership we desperately need to grapple with global pandemics like climate.
“There is a pearl hidden in modern finance:
The intergenerational fiduciary duty of pensions and endowments.
That’s how we finance Bank of Nature.”
Tim MacDonald, co-founder, financial philosopher, 2021
Fiduciaries aligned on purpose
Fiduciary money is money owned by Pensions & Endowments as Institutions of Intergenerational Fiduciary Loyalty and Prudence. Their purpose is to earn cash flows through financings for enterprise that will be sufficient to keep themselves ongoing, paying benefits to this generation and the next, forever. The purpose of Bank of Nature is to Make More Nature sufficient to keep Society ongoing, for this generation and the next, forever. They are aligned.
Fiduciaries aligned on action
Fiduciary Money is stewardship money, and stewardship means interacting with Nature, and with Humanity. Not extracting. Either from Nature, or Humanity. That’s the only way we, as society can be well both today and tomorrow. And keep ourselves ongoing. Bank of Nature is transforming our relationship with Nature, from extractive to interactive, through financing for profit and not-for-profit enterprises that interact with Nature as prudent stewards. They are aligned.
Fiduciaries aligned on powers
Fiduciary money is large – tens of trillions, worldwide. It is programmatic, aggregated into actuarial risk pools (or endowment equivalents) operated to provide certainty against certain of life’s uncertainties. It is evergreen. It just keeps going. That gives it the size, the purpose and the time it takes to negotiate. Spreadsheet technology adds the capability to negotiate priorities on cash flows. Bank of Nature is about prioritizing cash flows for Nature. They are aligned.
Fiduciaries aligned on accountability
Fiduciary Money is Other People’s Money, and the Fiduciary Owners of Fiduciary Money are accountable under the law to the common sense of reasonable people of relevant knowledge and experience. We all have relevant knowledge and experience in choosing a future that is good to grow into. Bank of Nature is a speaking with a Voice for Nature as a Proxy for Nature, to us and our common sense of the right relationship between Humans and Nature, between our present and our future.They are aligned.
Fiduciaries aligned on duty
Fiduciary money is owned by Fiduciaries who are burdened under the law with duties of intergenerational loyalty and prudence. They are required by law to make choices for today with a mind for the impact of those choices on the choices they will be able to make tomorrow. Bank of Nature is about making choices to Make More Nature today so that Nature will be there for us tomorrow. They are aligned.