New Report: Developing a Social Impact Bond
The Children's Aid Society recently announced the release of a new report, “Developing a Social Impact Bond: Lessons from a Provider.”
Social impact bonds are an innovative method to finance promising programs that tackle social problems while also saving the government money. With a grant from the Rockefeller Foundation, Children's Aid began exploring how this innovative financing mechanism could be used to scale up some of its interventions for low-income children in New York City.
This paper outlines the steps Children's Aid followed and the lessons we learned in the process of developing several concepts for social impact bonds.
We hope that sharing our experience will help service providers and government agencies better plan and sustain their programs, through social impact bonds and other outcomes-based financing mechanisms. The result will be improved services for children and families in need, more effective government and healthier communities.
Read the report here.