Presentation on Social Impact Bonds in Connecticut from a convening by the Connecticut Council for Philanthropy on May 11, 2015.

1. PAY FOR SUCCESS AND
SOCIAL IMPACT BONDS
WELCOME
Maggie Osborn
President
Connecticut Council for Philanthropy

2. PAY FOR SUCCESS AND
SOCIAL IMPACT BONDS
INTRODUCTION
Tracy Palandjian
CEO and Co-Founder
Social Finance US

3. Outputs vs.
Outcomes

4. $1 out of $100
Evidence

5. Photo credit: Nurse-Family Partnership
Nurse Family Partnership

6. Increase in healthy birth intervals
Reduction in child abuse and neglect
Reduction in emergency room visits
Reduction in youth criminal offenses,
ages 11-17
• 31%
• 31%
• 38%
• 46%
NFP Outcomes

7. SERVING ONLY 4%

8. 11
PFS AT INTERSECTION OF POWERFUL MOVEMENTS
Evidence
(“What works”)
Impact
investing
Government
accountability
Transformative
scale
Pay for
Success

9. 12
WHAT IS PAY FOR SUCCESS?
Non-profit
intervention
provider
Private funders /
impact investors
Government
payor
Expansion
capital ($)
Outcomes
Repayment ($)

10. 13
WHY DO WE CARE ABOUT PAY FOR SUCCESS?
Focus on evidence and outcomes
Promotes measurement
Attracts new resources
Helps scale up high-quality services
Influences government funding decisions

11. 14
Grants
Funding gap
Funding
Instrument
Performance-
Based
Contracting 2.0
Capacity
Scale-up
Lifecycle of
intervention
RD
Evidence
Sustainable
Steady State
Continuum of capital
Government
Grantmakers
Capital
Source
PAY FOR SUCCESS MAY BE ABLE TO HELP QUALITY
INTERVENTIONS MAKE THE JUMP TO SCALE
*
PFS AS PART OF A FUNDING CONTINUUM

12. 15
PAY FOR SUCCESS
is about
measurably improving the lives
of people most in need
by driving government resources
toward more effective programs

13. PAY FOR SUCCESS AND
SOCIAL IMPACT BONDS
Jeff Liebman
Director
Harvard Social Impact Bond Technical Assistance Lab
THE STATE OF THE FIELD

14. PAY FOR SUCCESS AND
SOCIAL IMPACT BONDS
THE PHILANTHROPIC PERSPECTIVE
Kimberlee Cornett
Managing Director, Social Investments
Kresge Foundation
Travis McCready
Vice President, Programs
The Boston Foundation
Ellen Ward
Senior Investment Associate
Living Cities
Facilitator: Joe Waters
Vice President
Institute for Child Success