Social impact bonds — the newest funding wave?

Description

Abstract: Although pioneered in the United Kingdom, social impact bonds have captured the attention of U.S. philanthropists, governments and investors as a new approach to funding social programs. This article tells how they can benefit not-for-profits along with governments and investors. Social impact bonds won’t work for every social service nonprofit — but they may be useful for those that have measurable outcomes that are highly correlated with social net benefits that could save a governmental agency meaningful amounts of money.