PLY: If anybody wonders why we do this newsletter, it’s because we want a better world, because we understand that government cannot continue spending as it has done and that there needs to be a new deal for citizens and citizenry to flourish in society. Money doesn’t enter into the equation, I support the venture from my own funds as an attempt to create better understanding of SIBs and PFS structures which I firmly believe are a core part of making our world better.
The great thing is today’s stories are so uplifting, I am delighted we can share them with you:
Governor Tom Wolf announced that Pennsylvania was selected as one of five states and localities to receive technical assistance from the Harvard Kennedy School to help develop Pay for Success (PFS) projects.
Administered through the Social Impact Bond Technical Assistance Lab (SIB Lab) at the Harvard Kennedy School, the competition—run with support from the Corporation for National and Community Service Social Innovation Fund and the Pritzker Children’s Initiative—received applications from 30 state and local governments.
PLY: Hooray for Pennsylvania.
Austin-Travis County Selected For Potential ‘Pay For Success’ Social Funding Model
Impact News
Can federal government-issued bond money help impact social change?
That is what Austin and the rest of Travis County intends to learn as part of a federally funded grant that examines the potential benefits of “Pay For Success” funding models, which are bonds that only pay back private investors if the social programs they support deliver positive outcomes. That ensures tax dollars are only being spent on social programs that deliver results, said Matt Kouri, CEO of Greenlights, a nonprofit advocacy group that works with other social groups to create positive changes in Austin.
“This is huge for our community,” Kouri said in a statement. “As our recent research on Austin’s nonprofit community revealed, solving our region’s most complex social problems will take unprecedented, cross-sector collaboration and innovative new business models, both of which are exemplified beautifully in this Pay for Success model.”
Third Sector Capital Partners Inc., a nonprofit firm that works with government entities to address social needs, selected the Austin-Travis County area, as well as six other communities nationwide, to conduct a feasibility study to see if this area can support Pay For Success.
PLY: It is huge and wondrous news all round.
Instiglio: An Idea With Social Impact
Julie Galante – Harvard Kennedy School
Michael Eddy MPA/ID 2012 knows a good idea when he sees it. Sparked by a talk at the Center for Public Leadership on social impact bonds (SIBs) during his first year, Eddy and his HKS classmates developed an idea that eventually led to the creation of Instiglio, an enterprise based in Bogotá, Colombia that brings the SIB model to developing countries.
The Performance Imperative: Living Up To The Promise Of The Social Sector
Social Solutions
We rely on the social sector to meet urgent needs and address pervasive problems, and we cannot afford for organizations to deliver anything other than high performance. But what does “high performance” look like?
In the past year, a group of leaders has come together around the mission to inspire, motivate, and support nonprofit and public sector leaders to build great organizations for greater societal impact. Convened by Leap of Reason author Mario Morino, this group of “Leap Ambassadors” has collaboratively created the Performance Imperative, which offers a definition of high performance and lays out seven pillars of high-performance organizations.
Hear how nonprofits, foundations, and public agencies can use the Performance Imperative as their North Star to guide them on a journey of continuous improvement to achieve better, more sustainable outcomes for communities, children, adults and families.
Presenter Information
David Hunter, Ph.D. – Principal, Hunter Consulting & author of Working Hard – And Working Well
Mark K. Winkler – Senior Research Associate, Urban Institute; PerformWell Team
Michael Bailin – Independent Consultant; former President and CEO of Public/Private Ventures and the Edna McConnell Clark Foundation
Molly Baldwin – Founder and CEO, Roca
Paul Carttar – Partner, Bridgespan Group; former Director of the Social Innovation Fund
Ingvild Bjornvold (Moderator) – Director of Strategic Initiatives, Social Solutions; PerformWell Team
Webinar Details
Date: Thu, April 16, 2015
Time: 3:00 PM EDT
Duration: 1 hour 30 minutes