Here’s my worry about SIB and DIB: it’s that consultative, committee approach that feeds consultants…
Today’s stories:
Youth group Roca will earn ‘Pay for Success’
Christian Science Monitor
Roca and Massachusetts will soon sign a contract for a pilot “Pay for Success” program that will pay Roca $23 million six years from now – if it can demonstrate concrete results by cutting recidivism and increasing employment among at-risk youths. The program’s effectiveness will be determined by a set of benchmarks designed by experts at Harvard University.
Consultation launched on ‘development impact bond’
Third Sector
The consultation comes out of last year’s working group, chaired by Toby Eccles of the consultancy Social Finance
A consultation will be launched next week on a new form of funding for charity development work.
The ‘development impact bond’ will follow a model similar to that of the social impact bond, according to the social investment consultancy Social Finance and the Center for Global Development, a US think tank focused on reducing global poverty. The two organisations are jointly launching the consultation.