Social Finance is a 501(c)(3) nonprofit organization dedicated to mobilizing capital to drive social progress. We believe that everyone deserves the opportunity to thrive, and that social impact financing can play a catalytic role in creating these opportunities. We design and manage public-private partnerships that tackle complex social challenges, such as achievement gaps, health disparities, and prisoner recidivism.
Core to our work is the development of Pay for Success financing, also referred to as Social Impact Bonds. An innovative funding model, Pay for Success helps to measurably improve the lives of people in need by driving government resources toward better, more effective programs.
Our sister organization, Social Finance UK, was founded in 2007 and launched the world’s first Social Impact Bond in 2010.
Inspired by the groundbreaking work of Social Finance UK, David Blood, Sir Ronald Cohen, and Tracy Palandjian founded Social Finance US in January 2011 to bring the Social Impact Bond model to the United States.
In December 2013, Social Finance, the Center for Employment Opportunities, and the State of New York launched the first state-led Pay for Success project to increase employment and improve public safety in New York City and Rochester. It was the first Pay for Success financing syndicated to individual investors via a wealth management platform (Bank of America Merrill Lynch). Our Advisory Services team has engaged with local and state governments, foundations, and nonprofits to explore the potential of Pay for Success in issues such as diabetes, youth development, maternal health, and workforce development.
We have expanded our regional presence, opening an office in Austin, TX in 2015 and an office in San Francisco, CA in 2017.
Pay for Success has generated sustained interest among stakeholders from the public, private, and social sectors, and sits at the intersection of impact investing, evidence-based policymaking, and government accountability. Since our founding, we have contributed to the Pay for Success field through market education, publications, research and analysis.
Social Finance is proud to work closely with our sister organizations, Social Finance UK, Social Finance India, Social Finance Israel and Social Finance Netherlands, as part of the Social Finance Global Network. Together, we work to advance innovative financing solutions to tackle social issues worldwide.
We are committed to ensuring that all of our work rests on four pillars: people, performance, collaboration, and integrity.
People are at the center of all that we do; we are committed to the individuals we serve, our team, and our partners.
We are guided by a results-driven ethos; our work demands rigorous thought, inquiry, and analysis.
We build strong, enduring relationships across sectors to align diverse interests and advance our collective mission.
The highest standards of accountability and transparency underpin all of our work.