The document discusses social impact bonds, an innovative financing model where private investors fund social programs and are reimbursed by the government if the programs achieve targeted social outcomes. It notes that the Obama administration has proposed $100 million to pilot social impact bonds across several agencies. While the bonds have potential to incentivize social innovation, challenges include determining which outcomes to measure and ensuring government funding is sustained over the long term required for impact.
With increasing demand on limited public resources, national and local governments are recognizing the need for a new approach to social services that emphasizes the identification of effective, innovative ideas. However, a lack of available funding and the reluctance to take on the risk that a promising, but unproven, idea might fail have created obstacles to this new approach. The social impact bond model is designed to eliminate these obstacles.
With increasing demand on limited public resources, national and local governments are recognizing the need for a new approach to social services that emphasizes the identification of effective, innovative ideas. However, a lack of available funding and the reluctance to take on the risk that a promising, but unproven, idea might fail have created obstacles to this new approach. The social impact bond model is designed to eliminate these obstacles.
Report about Social Impacts Bonds prepared by ABN Amro. Taken from this web-site: http://www.abnamro.com/en/images/040_Sustainability/050_Reporting/Files/Summary_Sustainability_Report_2013_EN-.pdf
Investing for Impact - Supply-Side PerspectivesKarim Harji
Presentation at a session titled "Investing for Impact: New Ways Capital is Flowing to Social Good". Describes the Canadian social capital market, the role of intermediaries, and the opportunities in place for social investors.
Private Philanthropy: An Overview On Giving in The U.S. and WorldwideAndrew Tulchin
Private philanthropic giving from individuals, corporations and foundations contri-butes a significant proportion to value flows related to development aid and other social change efforts. Private sector actors are important sources of funding to NGOs and multilateral organizations – either working for causes in their home societies or seeking to improve the lives of poorer groups in developing countries. In many cases, they provide occasional donations, and also establish long-term partnerships with non-profits, foundations, and government stakeholders.
This white paper provides an overview on giving practices in the private sector. By summarizing existing literature and drawing on secondary data, it explores the variety of private philanthropy across regions and by donor type. Additionally, it outlines emerging new waves and concerns for private philanthropy.
Connecting global & regional finance to projects - Finance for #SDGs High Level Meeting – #financeforSDGs – Christoph Waldersee – Bellagio – 25-27 February 2015
What It Takes to Sustain High Performance in a Nonprofit Agencypkebel
Presentation by Peter Goldberg at the 2010 RWJF Annual Meeting in St. Paul, MN
Whether experiencing good or bad economic conditions, there are several ways a nonprofit organization should assure it is high performing. This workshop, targeted to senior-level nonprofit professionals, will incorporate timely tactics and information on nonprofit high performance such as how “high tech” will intrude on “high touch,” maintaining elements of organizational capacity and managing talent, and creating a culture of innovation and ethics.
We will focus on establishing strong executive leadership, good governance, and appropriately structured outcomes, while also working to effectively meet organizational capacity issues despite fluctuating funding streams. We will also address the capacity issues that arise from the need to “look around two corners.” Participants will discuss in detail the challenges to maintaining organizational capacity and willingness to innovate, while also developing the intellectual and pragmatic radar to change with the changing times.
his paper critically reviews proposals for banks and moneylenders to link together in disbursing credit to rural areas of developing countries.www.indiamicrofinance.com
Cooperatives have shown promise as powerful drivers of economic development for their communities. Despite competing demands on financial resources, economic development is a perennial top priority at best in class companies, with the most successful sharing a few common characteristics including visible and accountable leadership, consistent and significant resources, and focused and measurable objectives.
This ScottMadden insight is the fourth in a series on “Five Strategic Priorities for Generation and Transmission Cooperatives.” The report summary can be found here: http://www.scottmadden.com/insight/516/five-strategic-priorities-for-generation-and-transmission-cooperatives.html.
To learn more, please visit www.scottmadden.com.
The policies of Agenda 21 have been promoted in Cecil County, MD over the last several years by various non-governmental organizations. The land use forums of 2006 brought many individuals together who are now influencing county planning decisions. Their advocacy of "smart growth" is aligned with Plan MD. Whether implemented locally or at the state level, the end result will be the same: erosion of property rights as central planners determine how and where we live. The basis of these plans runs contrary to free market principles and the right to property that our nation was founded upon.
Report about Social Impacts Bonds prepared by ABN Amro. Taken from this web-site: http://www.abnamro.com/en/images/040_Sustainability/050_Reporting/Files/Summary_Sustainability_Report_2013_EN-.pdf
Investing for Impact - Supply-Side PerspectivesKarim Harji
Presentation at a session titled "Investing for Impact: New Ways Capital is Flowing to Social Good". Describes the Canadian social capital market, the role of intermediaries, and the opportunities in place for social investors.
Private Philanthropy: An Overview On Giving in The U.S. and WorldwideAndrew Tulchin
Private philanthropic giving from individuals, corporations and foundations contri-butes a significant proportion to value flows related to development aid and other social change efforts. Private sector actors are important sources of funding to NGOs and multilateral organizations – either working for causes in their home societies or seeking to improve the lives of poorer groups in developing countries. In many cases, they provide occasional donations, and also establish long-term partnerships with non-profits, foundations, and government stakeholders.
This white paper provides an overview on giving practices in the private sector. By summarizing existing literature and drawing on secondary data, it explores the variety of private philanthropy across regions and by donor type. Additionally, it outlines emerging new waves and concerns for private philanthropy.
Connecting global & regional finance to projects - Finance for #SDGs High Level Meeting – #financeforSDGs – Christoph Waldersee – Bellagio – 25-27 February 2015
What It Takes to Sustain High Performance in a Nonprofit Agencypkebel
Presentation by Peter Goldberg at the 2010 RWJF Annual Meeting in St. Paul, MN
Whether experiencing good or bad economic conditions, there are several ways a nonprofit organization should assure it is high performing. This workshop, targeted to senior-level nonprofit professionals, will incorporate timely tactics and information on nonprofit high performance such as how “high tech” will intrude on “high touch,” maintaining elements of organizational capacity and managing talent, and creating a culture of innovation and ethics.
We will focus on establishing strong executive leadership, good governance, and appropriately structured outcomes, while also working to effectively meet organizational capacity issues despite fluctuating funding streams. We will also address the capacity issues that arise from the need to “look around two corners.” Participants will discuss in detail the challenges to maintaining organizational capacity and willingness to innovate, while also developing the intellectual and pragmatic radar to change with the changing times.
his paper critically reviews proposals for banks and moneylenders to link together in disbursing credit to rural areas of developing countries.www.indiamicrofinance.com
Cooperatives have shown promise as powerful drivers of economic development for their communities. Despite competing demands on financial resources, economic development is a perennial top priority at best in class companies, with the most successful sharing a few common characteristics including visible and accountable leadership, consistent and significant resources, and focused and measurable objectives.
This ScottMadden insight is the fourth in a series on “Five Strategic Priorities for Generation and Transmission Cooperatives.” The report summary can be found here: http://www.scottmadden.com/insight/516/five-strategic-priorities-for-generation-and-transmission-cooperatives.html.
To learn more, please visit www.scottmadden.com.
The policies of Agenda 21 have been promoted in Cecil County, MD over the last several years by various non-governmental organizations. The land use forums of 2006 brought many individuals together who are now influencing county planning decisions. Their advocacy of "smart growth" is aligned with Plan MD. Whether implemented locally or at the state level, the end result will be the same: erosion of property rights as central planners determine how and where we live. The basis of these plans runs contrary to free market principles and the right to property that our nation was founded upon.
Catálogo de la marca Consort, fabricantes situados en Bélgica que nos proveen de potenciómetros, cámaras y fuentes de poder para electroforesis y otros equipos de medición de pH e iones.
Other NGOs such as Dustho Shasthya Kendro (DSK), Nijera Kori, ASA etc should give an positive steps to follow BRAC, Grammen Bank and Gono Shasthya Kendro (GSK) to develop social business in order to earn fund in collaboration of overseas investors who consider the impact of their investment and profit. The local NGOs should change their mind and reform themselves to attract overseas investments.
Section 8 Microfinance Company Registration: Funding OptionsVakilkaro
Starting a Section 8 Microfinance Company Registration can be a rewarding endeavor, as it enables you to make a positive impact on the community by providing financial services to the underserved. However, one of the crucial steps in this process is obtaining the necessary funding to kickstart and sustain your operations. In this article, we will explore various funding options available for Section 8 Microfinance Companies.
1235 Street PlaceSeattle, WA 98105March 5, 2017Ms. Jane .docxmoggdede
1235 Street Place
Seattle, WA 98105
March 5, 2017
Ms. Jane Doe
Engineering Review Committee
Engineering Consulting Company
249 Avenue Way
Seattle, WA 98104
Dear Ms. Doe,
Attached is our report, Public-Private Partnerships in U.S. Infrastructure Construction. The report is intended to inform you and the committee about the ethical concerns with public-private partnerships for infrastructure construction. Public-private partnerships are a recent method of funding public construction projects. Because of their relative newness, it is important to understand the challenges and risks involved, and know how to take steps to mitigate ethical concerns.
This report will give a background of public-private partnerships, and how they are being used to solve funding challenges in US infrastructure construction. Then it will go over ethical concerns, and potential solutions. Finally, we will discuss a recommended course of action. From our research, we found that when developing contracts for public-private partnerships, it is important to pay attention to factors such as the concession period and the organization of the project. Doing so can help address ethical concerns with these projects, and make it overall more efficient.
We hope that you find the attached report informative. If you have any further questions or concerns, we can be reached at [phone number]
Sincerely,
Joseph ShinAnna Tsai
Sam TarafderRandy Wenan
Public-Private Partnerships in U.S. Infrastructure Construction
Team J.A.R.S.
ENGR 231 G
Table of Contents
INTRODUCTION……………………………………………………………………………………………………………………………………….4
BACKGROUND……………………..5
ETHICAL CONCERNS6
RECOMMENDED COURSES OF ACTION7
Determining An Accurate Concession Period7
Establishing A Legitimate PPP Program Organization7
Developing Project Portfolios8
Other methods for receiving funds8
CONCLUSION9
REFERENCES10
INTRODUCTION
According to the American Society of Civil Engineers (ASCE), the U. S. infrastructure receives just “a single grade above failure” (Halsey, 2013). A report has even calculated a cost of “$661 million” to repair just one bridge in Washington, D. C. Another report has also indicated the U. S. interstate system celebrating its 60th anniversary just last year, leaving its people with “many roads and bridges (are) in need of repair or expansion” (Lieb, 2016). In addition to that, some cities have even considered private equity firms “to manage their waterworks” (Ivory, 2016). As a result, the U.S. government is desperately in need of funds to help repair its current infrastructure. One of the increasingly popular ways is utilizing public-private partnerships to help fund those projects. Therefore, we would like to inform you about the ethical issues presented as a result. This paper will give you a background about the issue, the ethical concerns, and recommended actions that could help eliminate those issues. BACKGROUND
American infrastructure including roadways, highways, and bridges, ...
Reinventing Education for Impact InvestingMolly Sumner
Part 7 of 7 in the Series: Education in the Cloud. Introduction at: https://wrenchinthegears.com/2017/07/13/smart-cities-social-impact-bonds-public-educations-hostile-takeover-part-ii/
Similar to What Social Impact Bonds Really Mean for Philanthropy (20)
What Social Impact Bonds Really Mean for Philanthropy
1. 2/17/2011 Commentary: What Social Impact Bond…
Public-Philanthropic Partnerships: Public Philanthropic Partnership Opportunity
Commentary: What Social Impact Bonds Really Mean for
Philanthropy
In President Obama’s budget request for FY 2012, philanthropic leaders should pay attention to an
innovative proposal to partner with government. Called “pay for success,” this initiative would test social
impact bonds in the United States.
With a social impact bond, a foundation identifies a promising service provider and raises money from
private investors who believe that service provider can achieve positive social outcomes. A few years later, if
the service provider achieves its desired outcomes, the government reimburses the foundation for the cost of
the program, plus a potential bonus based on how well the service provider did. If the service provider does
not achieve its desired outcomes, the government pays nothing.
Last week, The New York Times (http://www.nytimes.com/2011/02/09/business/economy/09leonhardt.html?
_r=1)reported on the United Kingdom social impact bond program, which has received support from both the
Labour and Conservative governments. To illustrate how the program works, consider the example of Social
Finance (http://www.socialfinance.org.uk/), a British organization that bought a social impact bond from the UK
Ministry of Justice. Both Social Finance and the Ministry agreed upon measures of success. Then, Social
Finance lined up private investors who believe that specific service providers can improve outcomes for
prisoners in a certain prison. For the private investors (and Social Finance) to get back their initial
investment, the recidivism rate of prisoners must fall at least 7.5 percent, compared to a control group, in
2014. If the rate falls more than 7.5 percent, the private investors will get a return on their investment in
proportion to how high the rate falls. This is essentially a bonus if the program has better than expected
outcomes. If the rate does not fall at least 7.5 percent, the private investors do not get any money from the
government.
With a focus on objectives, social impact bonds have the potential to save taxpayers money. Harvard
economist Jeffrey Liebman applauds (http://www.americanprogress.org/issues/2011/02/social_impact_bonds.html)
social impact bonds for incentivizing outcomes. This innovative financing model, he says, can spur social
innovation and improve government performance. Instead of prescribing a specific model to use,
government sets the objectives to meet. This means that successful programs will receive both private and
government funding, and programs that aren’t successful won’t receive government funds, though they may
receive funds from private sources. Social impact bonds allow government to encourage innovation without
having a financial obligation to unsuccessful programs. The way it works now, government continues funding
social programs, even when they do not produce intended outcomes. By requiring that programs meet
specific outcomes, government gets an exit strategy, and taxpayer dollars stop flowing to unsuccessful
programs.
The Rockefeller Foundation is one of Social Finance’s private investors. The Foundation got involved
because of the chance to get back its investment, which the Foundation can use again to support another
project. Another motivating factor was the opportunity to encourage private investors to finance social
programs. The more financers—public, private, and nonprofit—interested in financing programs with a
double or triple bottom line, the more resources will be available for discovering innovative programs and
maintaining successful ones.
The idea of achieving more than one type of return is not new to philanthropy. Since 1986, The John D.
…cof.org/…/what-social-impact-bonds-r… 1/3
2. and Catherine T. MacArthur Foundation has awarded Social Impact Bond…
2/17/2011 Commentary: What more than $377 million in program-related
(http://www.macfound.org/site/c.lkLXJ8MQKrH/b.948589/k.D3BA/Domestic_Grantmaking__Program_Related_Investments.htm)
investments, including low-cost loans and equity investments, to charitable organizations. From interest
payments and repaid principal, the Foundation earned $140 million to support other projects. The W. K.
Kellogg Foundation has committed $100 million of its endowment assets to pilot a mission-driven
(http://ww2.wkkf.org/default.aspx?tabid=1152&CID=415&NID=268) investment program.
Both foundations offer these investment options in addition to grantmaking. With more than 120
foundations and social investors in the PRI Makers Network (http://www.primakers.net/member_dir)—a forum for
those interested in expanding their use of program-related investments—philanthropy has long since
signaled its interest in impact investing.
What is new is the idea that a partnership between government and philanthropy can align financial
incentives to social policy outcomes. In his budget request, President Obama encourages “pay for success”
bonds across several departments, including Education and Labor. Last week, The New York Times
reported (http://www.nytimes.com/2011/02/09/business/economy/09leonhardt.html) that the budget would include a
total of $100 million to pilot seven “pay-for-success” bond programs. To abide by the president’s non-
security spending freeze, the $100 million would come from the budgets of other programs and fund job
training, juvenile justice, education, and care of children’s diabetes. Both nonprofits and for-profits could
apply for bonds, just as Social Finance has in the United Kingdom.
While social impact bonds have high potential, they have distinct limitations and cannot solve every social
issue. For one, private investors concerned with making a return on their investment will flock to programs
that target easy-to-serve populations because they are likely to achieve positive outcomes. This leaves risky
investments to investors willing to finance unsuccessful models in the process of discovering a successful
one. Since the program relies on whether or not prescribed outcomes are achieved, another challenge
involves deciding which outcomes to select, which goals to set, and how to measure those outcomes. To
evaluate outcomes, researchers will need a comparison or counterfactual group to identify whether the
outcome would have occurred without the program.
In addition to programmatic challenges, financing obstacles could hinder the program’s success. First,
government contracts often provide payments that don’t cover the full cost of services, have complex
reporting requirements, and result in late payments, as the Urban Institute reported
(http://www.urban.org/publications/412228.html) last fall. Second, since social impact bonds invest in
preventative programs that aim to reduce expenditures for multiple government agencies, the question
remains which agencies foot the bill, and whether one agency should pay more than another. Lastly, current
appropriations laws provide funds for a one- or two-year period, which is far less time than some programs
will need to achieve outcomes. If Congress withdraws funds, instead relying on the social impact bonds
program to provide all the support needed, there is no guarantee Congress would restore funding, even if
bond funding falls short or disappears entirely.
While there are important concerns to consider, it is exciting to hear about new opportunities for public-
philanthropic partnerships. At the very least, including this proposal in the budget should raise the profile of
social impact bonds. Already, New York City and Massachusetts are considering the idea. The Council’s
Public-Philanthropic Partnership Initiative (http://ppp.cof.org/) looks forward to working with government and
philanthropic leaders interested in taking on this new opportunity.
- February 14, 2011
…cof.org/…/what-social-impact-bonds-r… 2/3