Foundations for Social Impact Bonds

Foundations engage with the Social Impact Bond (SIB) market in a number of ways, including grantmaking, investing, fostering partnerships, and advocacy and education. This research paper explores foundations’ engagement with the SIB market and the future of SIBs. The authors envision a market where cross-sector partnerships thrive and create meaningful social progress. This publication was supported by the Rockefeller Foundation, Omidyar Network, and The Pershing Square Foundation.

“We hope that by collecting and sharing the experiences of various foundations and partners, this report will serve to accelerate the innovation and further development of SIBs for the benefit of the poor and vulnerable, and for the well-being of all humanity, throughout the world.” -Judith Rodin, The Rockefeller Foundation


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