January 16, 2013
by Bradley Center
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Wednesday, January 16 - 12:00 to 2:00 p.m.
Hudson Institute - Betsy and Walter Stern Conference Center
1015 15th Street, NW - Suite 600
Washington, DC 20005
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 the aid our society’s most vulnerable populations.
Please join us on January 16th to discuss the potential of SIBs and the concerns that they raise. Our distinguished panel will include Nirav Shah, Director of Social Finance US; Jon Pratt from the Minnesota Council of Nonprofits; Partner in The Bridgespan Group’s San Francisco Office Daniel Stid; and Vice President of the Urban Investment Group at Goldman Sachs Andrea Phillips. Hudson Institute Senior Fellow William Schambra will moderate the discussion. Lunch will be served.
Required ReadingDaniel Stid, Confessions of a Social Impact Bond Skeptic , The Bridgespan Group, June 2012.
Hudson Institute's Bradley Center for Philanthropy and Civic Renewal aims to explore the usually unexamined intellectual assumptions underlying the grantmaking practices of America’s foundations and provide practical advice and guidance to grantmakers who seek to support smaller, grassroots institutions in the name of civic renewal.
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