Pay for success financing (PFS), often part of a social impact bond, is a new concept in which private investment supports the delivery of preventive services that save the government money — and those savings are used to repay the investment. PFS is attractive because it has the potential to finance innovative evidence-based services while […]
The July 2014 New York Times article, “The Quiet Movement to Make Government Fail Less Often” emphasizes the importance of rigorous evaluation of government programs as the key to a more successful government. Recently, several evaluations have emerged, largely due to the growing availability of data. The article notes that the private sector has utilized
The Move Towards Rigorous Evaluation Read More »
New York State has launched its first ever state-led Social Impact Bond (SIB), and Social Finance, a nonprofit organization that presented at AISP’s November 2013 conference, played a key role in its inception. In this deal, many organizations and agencies, including Social Finance, The State of New York, The Center for Employment Opportunities, Bank of
Unprecedented Pay For Success Initiative Launched in New York State Read More »
In a recent op-ed, The New York Times described today’s state of poverty and society’s gradual but evident steps towards progress to amend it. Although the issue of poverty has yet to be resolved, progress in repairing social problems has emerged in several identified areas. The report breaks this down into three categories. First, organizations
New York Times Reports Ways in Which Poverty is Being Addressed Read More »
AISP is featured as an innovative model of measuring the true cost and benefits of social programs. Both AISP and author Steve Goldberg agree that capturing pragmatic data is crucial to obtain significant social benefits funded by Social Impact Bonds (SIBs). This article, “Babies, bathwater, and desperately seeking savings” discusses funding options of SIB projects
Pioneer Post Hails AISP as Effective Means to Address SIB Funding Read More »
