EscrowUP is a new initiative of SRS Aquiom to benefit charities during a mergers and acquisitions process. These business deals often require large amounts of capital to be set into escrow, and there’s a potential benefit to charities from the use of those funds during that time.
Paul Koenig, Founder and CEO of SRS Acquiom, joins host Steve Boland to talk about this new model, how it can benefit charities, the avenues for nonprofit participation, and how all these ideas align with goals to increase private sector connection to community needs. Paul discusses the reasons for launch, new ideas for future growth of using escrow support based on this model in other sectors, and more.
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