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Category Archives: Social Impact Bonds / Pay for Success
Pay-for-Success in Child Welfare: A Case Study
On December 3, 2014, Cuyahoga County announced the nation’s first pay-for-success initiative that will address the interrelated issues of homelessness and foster care. The initiative will provide $4 million in privately-funded housing and other supportive services to 135 homeless parents … Continue reading
President Bolsters Evidence and Innovation Agenda in FY 2016 Budget
The Obama evidence and innovation agenda took several steps forward in the president’s proposed FY 2016 federal fiscal budget, released earlier today. Highlights include the following: Pay for Success (PFS) The budget proposes $364 million for new pay-for-success projects, the … Continue reading
Pay-for-Success Update: SIF Grantees Open PFS Competitions, New Projects in Ohio and Massachusetts
Pay-for-success appears to be continuing its steady forward momentum. Recent developments over the past month include: Social Innovation Fund Pay-for-Success Competitions: Most of the eight intermediaries funded through the Social Innovation Fund’s pay-for-success grants have opened their competitions for technical … Continue reading
Posted in Social Impact Bonds / Pay for Success
Social Innovation News Feed
Need to stay up to date on social innovation developments but feel overwhelmed by information overload? Consider subscribing to SIRC’s curated Twitter feed. Our Twitter feed tracks major developments and new reports on all the topics covered by SIRC’s blog, … Continue reading
Chicago Approves Early Childhood Pay-for-Success Plan
By a vote of 42-5, the Chicago City Council on November 5 approved a proposal backed by Mayor Rahm Emanuel to use a pay-for-success agreement to finance an expansion of early education programs for an estimated 2,600 children in the … Continue reading
Posted in Social Impact Bonds / Pay for Success
Report: Winning SIF Applications Suggest Substantial Growth for Pay-for-Success
A review of the Social Innovation Fund’s eight winning pay-for-success grant applications, now publicly available for the first time, reveals that the field is experiencing strong growth and seems likely to continue this growth over the next few years. The … Continue reading
Social Innovation Fund Announces Pay-for-Success Grants
The Social Innovation Fund (SIF) today announced $12 million in awards to eight grantees to fund pay-for-success strategies. The eight grantees have been awarded between $200,000 and $1,800,000 each year for three years. Each of the grantees is expected to … Continue reading
G8 Report Offers Recommendations to Spur Social Impact Investing
The Social Impact Investment Taskforce of the G8 group of industrialized nations today released a new report containing several recommendation to harness and grow so-called “double bottom line” investing, a term that encompasses investments with both a financial and social … Continue reading
British Fund Raises £25 million for Social Impact Bonds, Expects 5 Percent Annual Return
A British investment firm, Bridges Ventures, has successfully raised £25 million for investments in social impact bonds, according a report from the UK office of Third Sector (also here). According to the story: Antony Ross, partner and head of social … Continue reading
Posted in Social Impact Bonds / Pay for Success