Over the past few weeks I’ve been captivated by the discussion surrounding the proposal to bring social impact bonds (what President Obama’s budget refers to as “pay for success” programs) to the US.
Thanks to a generous grant from the Rockefeller Foundation, the Nonprofit Finance Fund is studying the feasibility of the social impact bond model in the US. Click here to read more about the initiative. If you are interested, I recommend joining their (free) online learning community. Last week, they hosted a fantastic webchat titled “The Federal Government’s Role in Implementing the Social Impact Bond in the United States” with panelists from the Office of Management and Budget, Center for American Progress, Harvard University, and the Rockefeller Foundation. To access the chat transcript and other resources, join the online community.
Interested in exploring what social impact bonds mean for philanthropy, I wrote a short blog post on the Council’s RE: Philanthropy blog, and published a longer version on the Public-Philanthropic Partnership Initiative website.
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