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September 28, 2016 — Executive Web Briefing Exclusively For Members Of The Next Generation Forum On Children’s Services

Are you familiar with social impact bond funding? Social Impact Bonds (SIBs), also known as pay-for-success (PFS) initiatives, are complex funding mechanisms involving many partners, definite structural features, and private financial investors. SIBs can offer critical initial resources to kick start and expand successful innovative programs and essential social services. What makes these initiatives unique is that they are focused on not only creating additional financial incentives for providers to produce better outcomes, but more broadly on overcoming the huge barriers that are hindering the growth of social innovation.

Under SIB/PFS models, financial risk shifts from government payers to individuals and organizations willing to invest in scaling up a successful program to achieve greater social impacts. For childhood and youth development PFS initiatives, specific outcomes needed for success have been identified through a variety of feasibility studies. Some of these outcomes include: teen pregnancy prevention, childhood home visiting, early childhood education, preventing entry into foster care, preventing juvenile delinquency, improving academic performance for at-risk youth, and improving youth employment rates.

Join OPEN MINDS senior associate, Howard Shiffman; Joe Waters, Executive Vice President of the Institute for Child Success; and Mary C. Garvey, M.S., Associate Director of Pay for Success Financing, Institute For Child Success for this informative case study-oriented web briefing on September 28, 2016 at 2:00pm ET to learn more about SIBs and how the Institute for Child Success initiated SIB projects in its community.


During this 90-minute executive web briefing, you will learn:

  • The history of SIBs and pay-for-success initiatives
  • How SIBs are structured
  • Competencies involved in launching SIB initiatives
  • A detailed SIB project case study, focused on lessons learned and challenges faced in development and implementation

This web briefing is an exclusive event for members of The Next Generation Forum On Children’s Services. If you are not a member and would like more information on The Next Generation Forum On Children’s Services and how to become a member, please contact Brittney Shindledecker at OPEN MINDS at

Featured Speakers

Joe Waters, Executive Vice President, Institute For Child Success — Joe Waters oversees and provides overall direction for strategic initiatives, public policy, and communications of the Institute for Child Success (ICS). In that capacity, he focuses on creatively building the Institute’s approach for achieving impact, and realizing its mission and goals. He also leads the Institute’s efforts in searching for new opportunities, catalyzing innovation, building leadership capacities, developing partnerships, and crafting and executing initiatives in support of all pillars (research, integration, and policy) of the Institute’s work.

Joe works with local, state, and federal elected government leaders and their staffs, corporate leaders, and other partners to ensure the success of every child in school, their lifelong health, and contribution to a prosperous society. Joe has led the Institute’s efforts in impact investing, including ICS’ exploration of the feasibility of using Social Impact Bonds to scale and sustain early childhood
home visiting interventions.

Furthermore, Joe leads ICS’ efforts to reform South Carolina First Steps to School Readiness which has included the drafting of significant bi-partisan legislation to overhaul the work of that agency; work to successfully expand and improve the quality of publicly supported 4K in South Carolina; and efforts to expand evidence-based home visiting. He leads a substantial exploration – in partnership with design firm Ferebee Lane + Co. – of using design techniques to tackle complex, systems-level challenges in early childhood health and education.

A Greenville, South Carolina native Joe earned his Bachelor of Arts degree in history from Furman University and his Master of Divinity degree from Duke University.

Mary C. Garvey, M.S., Associate Director of Pay for Success Financing, Institute For Child Success — Mary Garvey joined ICS in March 2015 as Associate Director of Pay for Success Financing. She is a native New Yorker with a passion for building equitable systems, and fostering social justice through policy. Garvey earned a Bachelor of Science degree, and a Certificate in Justice and Peace Studies from Georgetown University in Washington, DC. She went on to complete a Master of Science in Urban Policy Analysis and Management at Milano – The New School for Urban Policy in New York City. She has been a champion of educational equity in particular for the past 12 years. Garvey worked at College Summit for 4 years, and spent the last 2.5 years as a Public Policy Analyst at the National Hemophilia Foundation (NHF). At NHF, she helped guide state advocacy initiatives in 52 regions, tracked healthcare reform, and managed a national youth advocacy training program. In addition, Garvey has consulted for the New York City Housing Authority (NYCHA), Blanche Community Progress Day Care Center, and the NYC Hunger Free Communities Consortium. Having also served with organizations such as the NAACP (Georgetown University chapter), the DC Congressional Award Council, and AmeriCorps, her experience has included direct service, strategic planning, and advocacy.

Howard Shiffman, Senior Associate, OPEN MINDS — Mr. Shiffman has over 30 years of successful organizational and business experience in human service fields including expertise in executive management, strategic planning, business development, finance, marketing, market intelligence research, fundraising, and board development. He has hands-on expertise that comes from successful management and consulting with a number of programs. Prior to joining OPEN MINDS Mr. Shiffman served as Chief Executive Officer of Griffith Centers for Children, a COA-accredited, full-service treatment program for severely troubled youth and their families. He also developed one of the first offense-specific sex offender program in the United States.

Registration for this executive web briefing is exclusively for members of The Next Generation Forum On Children’s Services.

Unable to attend? Still register! At the conclusion of the event, all registrants will receive a recorded copy of the executive web briefing and presentation slides — regardless of attendance.

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