A new bond in Australia and a useful analysis of some (of the many) things which can go wrong with NGOs – something which will become more and more important as the world of SIBs develops and NGOs need to become a lot more efficient and organised overall.
The Benevolent Society (TBA) in partnership with Westpac Institutional Bank (Westpac) and Commonwealth Bank of Australia have successfully closed its $10 million Social Benefit Bond (SBB) raising funds to establish The Resilient Families preservation service which opens next week.
The New South Wales Minister for Families and Community Services, Pru Goward, in June signed the contract for the funding mechanism for The Resilient Families service, to be delivered by Australia’s first charity, The Benevolent Society.
The Service which focuses on reducing the number of family breakdowns and children placed in the foster care system in New South Wales supports up to 400 families over five years.
The Social Impact Movement: Designing Nonprofits To Succeed
Huffington Post
Recently, I raised an awkward question: “Are Nonprofits Designed to Fail?”
As I wrote, for all the good work a nonprofit may do, it’s often hard to tell if a it’s really making a difference: fixing the underlying problem, rather than forever treating symptoms.
Now almost by definition, the challenges that nonprofits tackle are hard ones. After all, the rest of society has failed to meet them. And some non-profits do of course succeed.
But like an increasing number of other observers, I suspect that much of the nonprofit sector suffers from structural flaws that can make success much harder than it needs to be.
Here I discuss two of the biggest such flaws, and explore ideas for fixing them. These ideas come from a growing movement towards social impact, which seeks to reinvent our models of how nonprofits can work.