Tax breaks for Australian investors in Sibs mooted while there is an examination of execution issues in Minnesota.
Tax Breaks For Social Impact Bonds
Russell Nelson – Pro Bono Australia
Should the Federal Government consider giving investors in Social Impact Bonds (SIBs) a tax incentive (concession) on the Return on Investment dividend, asks Russell Nelson, Chief Operating Officer at brain injury Not for Profit Headway Gold Coast Inc.
What Has Stalled Implementation Of The Minnesota Pay For Performance Bond Pilot?
Kate Barr – Nonprofits Assistance Fund
Some recent articles in Time Magazine and Huffington Post about the promise of Pay for Success financing have brought the topic forward again and I’ve been asked what happened to the Minnesota pilot to try pay for performance based funding. Good question.
To refresh your memory, the Minnesota Pay for Performance law was signed into law in 2011, ushering in a new experiment in public, private and nonprofit partnerships. It was the first state to pass legislation authorizing social impact financing through a state bond. However, as other pay for performance initiatives have moved forward, Minnesota has failed to close an agreement to issue the appropriations bonds authorized in the Act. What happened, and why, after 4 years, has this stalled out?