Social Impact Bonds
4 views | +0 today
Follow
Social Impact Bonds
Innovative pay for performance strategy
Curated by Mark Haas
Your new post is loading...
Your new post is loading...
Scooped by Mark Haas
Scoop.it!

Pay for Success Programs Will be Front and Center in 2014

Pay for Success Programs Will be Front and Center in 2014 | Social Impact Bonds | Scoop.it
Human services departments are looking for new and creative ways to fund programs.
Mark Haas's insight:

LInk to the Goldman Sachs formal SIB and discussion of the impact of difficult to measure outcomes on attractiveness. COmments to article shed some light on reaction of some to potential misuse of these programs. 

more...
No comment yet.
Scooped by Mark Haas
Scoop.it!

Pay for Success: Investing in What Works Part III

The White House Office of Social Innovation and Civic Participation, in partnership with the Nonprofit Finance Fund, host Pay for Success: Investing in What ...
more...
No comment yet.
Rescooped by Mark Haas from Social Finance Matters (investing and business models for good)
Scoop.it!

Social Impact Bonds Hit The U.S.: Using Private Capital To Do Public Good

Social Impact Bonds Hit The U.S.: Using Private Capital To Do Public Good | Social Impact Bonds | Scoop.it

Perhaps you’ve heard of government social impact bonds, which raise private capital for prevention programs in the hopes of staving off the need for expensive safety-net and remediation services. Unlike an actual bond, the government pays back the money to investors only if programs are successful and save money--for example, if the number of repeat offenders in the prison system drops, or if homelessness is reduced (in this sense, it’s more like a stock). It’s a way to take the burden of risk for these programs off cash-strapped governments and to allow the market to assess the best options. To put it more simply: You could invest in a new program that keeps people out of jail. If the program hits certain benchmarks and saves the government money from not having to jail people, you’ll get paid back out of those savings.


Via W. Robert de Jongh
more...
No comment yet.
Scooped by Mark Haas
Scoop.it!

Social impact investing set to be ‘more prominent’ - FTAdviser.com

Social impact investing set to be ‘more prominent’ - FTAdviser.com | Social Impact Bonds | Scoop.it
Two years ago there was nobody to talk to at the regulator about social impact investing but now ‘suitability’ is the watchword and the FCA is...
Mark Haas's insight:

Buoyed by the comfort of a growing track record, financial advisors are getting some ground beneath their feet in evaluating and recommending social impact bonds. While there is "no shortcut to a five-year track record," we are getting to that point to let SIB investments out of the "experimental" stage. 

more...
No comment yet.
Scooped by Mark Haas
Scoop.it!

Social Impact Bonds: A creative new strategy for economic development?

Federal and state governments soon will be developing budgets for fiscal year 2014 and beyond. With the economy “flat” at best, discretionary spending by either level of government will come under additional scrutiny and review. The federal government must deal with the rising costs of entitlement spending that are significantly affected by continued high under-employment and unemployment. They also must consider the increase of retirees from the baby boom generation. Those retirees are beginning their next chapter in the “Valley of Social Security and Medicare” and are no longer paying payroll taxes, thus reducing the pool of available funds.

Our state government is utilizing zero-based budgeting as a more appropriate way to analyze and develop our biannual program appropriations. This process will require performance results from state government expenditures.

more...
No comment yet.