16
January 2013
Past Event
SIBling Revelry: Are Social Impact Bonds the Next Big Thing?

SIBling Revelry: Are Social Impact Bonds the Next Big Thing?

Past Event
Hudson Institute, Washington, D.C. Headquarters
January 16, 2013
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16
January 2013
Past Event

1015 15th Street, N.W., 6th Floor
Washington, DC 20005

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Speakers:
Nirav Shah

Director of Social Finance US

Jon Pratt

from the Minnesota Council of Nonprofits

Daniel Stid

Partner in The Bridgespan Group’s San Francisco Office

Andrea Phillips

Vice President of the Urban Investment Group at Goldman Sachs

William Schambra

Senior Fellow; Director, Bradley Center for Philanthropy and Civic Renewal

According to a recent report by the McKinsey & Company, Social Impact Bonds (SIBs) represent a new approach for expanding social programs. It is a partnership in which philanthropic funders and impact investors--not governments--take on the financial risk for scaling up. Nonprofits deliver the program; the government only pays if the program succeeds. The current financial crisis has led officials in several cash-strapped cities and states to launch SIBs to address issues as diverse as juvenile recidivism and homelessness.

While enthusiasm for Social Impact Bonds has grown rapidly, it will still be several years before results from the first SIB at HMP Peterborough prison in the UK are available. In addition, concerns have been raised in the nonprofit community about introducing the profit motive into programs that aid society's most vulnerable populations.

Required Reading
Daniel Stid, "Confessions of a Social Impact Bond Skeptic," The Bridgespan Group, June 2012.

Jon Pratt, "Social Impact Bonds: A Conversation with Simon Jawitz," Nonprofit Quarterly, November 30, 2011.

McKinsey & Company: Social Impact Bond information portal

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