Expanding Innovative Programs & Essential Social Services With Child-Centered Social Impact Bond Funding: The Institute for Child Success Case Study
This event has passed. Slides and video from this event can be foundhere.
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