FORTE
FORTE (which stands for Financing Of Return To Employment) is a way to finance education and healthcare, at no cost to individuals or governments, and without relying on philanthropy. The FORTE approach was invented by Dr Nat Ware as part of his Oxford PhD on a Rhodes Scholarship. With the FORTE approach, the cost of high-quality education (such as retraining) and healthcare (such as cataract eye surgery) is paid for by investors. Individuals who receive these services pay nothing - either now o... r in the future. Instead, investors receive a portion of any increase in future taxation revenue caused by those services. Think of it as "Future Lydia's taxes paying for Present Lydia's training". In a nutshell, it works in three steps: 1. Via Forte, investors can pay for the services of individuals who would otherwise be paying no or negligible tax. 2. These services (such as vocational retraining), by their nature, increase expected employment, incomes, and therefore government income tax revenue. 3. Governments, as part of the contractual arrangement, pass back to investors (via Forte) an agreed portion of the tax revenue attributable to the training recipients, for a set period of time. This arrangement is mutually beneficial. Individuals receive training at no cost and with no risk. They just pay the usual tax rate. Theyโre effectively paying for their own training with their future tax. Governments pay nothing upfront. They can increase the skilled modern workforce, overcome skill gaps, and help those in need, without worsening the budget. Importantly, there are easy mathematical ways of structuring the contract so they only pass on in the future what they otherwise would not have had. In other words, the FORTE model pays for itself in a guaranteed way. Investors get low-risk, short-term returns. They can do well while doing good. There is perfect alignment of social impact and financial returns. A true win-win.
FORTE
Industry:
Education Finance Financial Services FinTech Health Care
Founded:
2019-02-22
Address:
New York, New York, United States
Country:
United States
Website Url:
http://www.forteofficial.com
Total Employee:
11+
Status:
Active
Email Addresses:
[email protected]
Total Funding:
6.6 M USD
Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible GoDaddy DNS Google Google Cloud OpenResty Google Adsense Google Cloud Global Multi-Region AdBlock Acceptable Ads Google Adsense For Domains
Similar Organizations
Borrowell
Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.
Current Employees Featured
Founder
Investors List
Regal Funds Management
Regal Funds Management investment in Seed Round - Forte
Tom Chapman
Tom Chapman investment in Seed Round - Forte
Five V Capital
Five V Capital investment in Seed Round - Forte
Chapman Office
Chapman Office investment in Seed Round - Forte
Blackbird Ventures
Blackbird Ventures investment in Seed Round - Forte
Draper Associates
Draper Associates investment in Seed Round - Forte
Reinventure
Reinventure investment in Pre Seed Round - Forte
Great Oaks Venture Capital
Great Oaks Venture Capital investment in Pre Seed Round - Forte
Official Site Inspections
http://www.forteofficial.com Semrush global rank: 4.05 M Semrush visits lastest month: 3.02 K
- Host name: 172.67.189.14
- IP address: 172.67.189.14
- Location: United States
- Latitude: 37.751
- Longitude: -97.822
- Timezone: America/Chicago