The New York Times: Job Training That’s Free Until You’re Hired Is a Blueprint for Biden
Michael Grossman Joins Social Finance as Managing Director, Impact Investments
The national impact finance and advisory nonprofit Social Finance announced Michael Grossman will oversee its growing impact investing portfolio and investor relations as Managing Director, Impact Investments.
Read MoreAlaska’s First Pay for Success Program Helps People Experiencing Homelessness Get—And Stay—Stably Housed, Resulting in First Outcome Payment
As a result of the measured impact the Home for Good program has had on individuals experiencing persistent homelessness in the community, the Municipality of Anchorage made its first outcome payment in July 2021. This payment of $303,000 was made to United Way of Anchorage in support of continued services for the Pay for Success project....
Read MoreSocial Finance’s UP Fund Reaches Third Close
Boston—Today, Social Finance announced its third close of The UP Fund, bringing the fund to $49.9 million. The UP Fund is designed to help unemployed and underemployed people secure in-demand careers and achieve economic mobility....
Read MoreImpactAlpha: Social Finance Raises $49.9 Million For Workforce-Focused UP Fund
Excerpted from ImpactAlpha....
Read MoreMatter of Fact TV: Filling the Skills Gap: A New Way of Training Workers to Match the Jobs
Matter of Fact TV covered our partnership with American Diesel Training Centers (ADTC), speaking with Social Finance CEO and Co-Founder Tracy Palandjian, ADTC CEO and Founder Tim Spurlock, and ADTC graduate, Cam Judy....
Read MoreA Decade of Impact
Our journey started a decade ago with a borrowed office and a bold mission: to build new tools at the intersection of finance and policy to deliver meaningful change and measurable outcomes for our communities.
Read MorePioneers in Business, Philanthropy, and Government Discuss New Partnerships to Advance Economic Mobility
A new generation of cross-sectoral partnerships are emerging to ensure better outcomes for U.S. workers. At our national launch event of Workforce Realigned: How New Partnerships Are Advancing Economic Mobility—a new book from Social Finance and the Federal Reserve Banks of Atlanta and Philadelphia—leaders in government, philanthropy, and the corporate sector explored the emergence of these unique partnerships, drawing on examples from the recently released book and beyond.
Read MoreSocial Finance Receives Transformative Gift from MacKenzie Scott and Dan Jewett
Today, MacKenzie Scott shared “Seeding by Ceding,” a Medium blog post outlining gifts totaling $2.7 billion to 286 high-impact organizations, including Social Finance....
Read MoreThese Massachusetts Organizations Received Donations from MacKenzie Scott
A number of Massachusetts organizations received millions of dollars in donations as part of Mackenzie Scott’s latest, $2.7 billion round of philanthropic gifts. Scott, the former wife of Amazon founder Jeff Bezos, announced on Tuesday that she would be distributing the money to 286 organizations “in categories and communities that have been historically underfunded and overlooked.”
Scott, who last year gave away about $6 billion in two surprise announcements, said she and her husband, Dan Jewett, along with a team of advisers, made the donations with the belief that “it would be better if disproportionate wealth were not concentrated in a small number of hands.”
Read More