In the News

Career impact bonds finance vocational training with the kind of income-share agreements offered by an increasing number of universities as an alternative to crushing student debt (see, “income-share funds expand college finance options for low-income students”). Boston-based Social Finance has invested in two training programs: General Assembly’s accelerated tech education program and Acuitus’ IT education program, which targets veterans. Next up: diesel mechanics....

Director of Special Projects Mike Silvestri went on Faith Driven Investor’s podcast to talk about about Social Impact Bonds....

In her interview with Frederick, Tracy talks about why it’s so hard to fund prevention and how the Career Impact Bond could facilitate equitable COVID-19 recovery, and provides key leadership takeaways from the pandemic.

Read our white paper on SAIL to learn more.

Last year we engaged with Social Finance, a national leader in outcomes-based funding, to build a partnership between Comcast and Philadelphia Works. This collaboration reinvents the way businesses partner with local workforce boards, while also preparing Philadelphia residents for in-demand careers.

If people have access to assistance immediately after their release — if they’re connected to housing support services and a case manager, for example — they’re less likely to end up incarcerated for another offense. Knowing that, last year Social Finance partnered with the San Francisco Sheriff’s Department and Tipping Point Community, a local philanthropic funder, to pilot a program that refers inmates to housing and other social services upon their release.

Palandjian, the 60-person nonprofit’s chief executive, said the money will be used, in part, to support her organization’s “impact investments” that improve economic mobility. Social Finance’s initiatives include programs to help veterans and immigrants find jobs.