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Impact Investments
Tracy Palandjian, co-founder and CEO of Social Finance, gave a TEDxChicago talk about the Pay for Success (PFS) model. She details how PFS will help drive social change by enlisting private capital and rallying uncommon partners around a common cause: results that meaningfully improve lives.
Pay for Success is a mechanism that changes the way we fund social programs. So instead of taxpayer dollars spending money on programs with uncertain outcomes and hoping that they work, it spends money on outcomes after they’ve been achieved.
Related Insight
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Aspen Ideas Festival 2022: Innovations in Workforce Development: New Models to Finance the Future of Work
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A New Tool for Scaling Impact: How Social Impact Bonds Can Mobilize Private Capital to Advance Social Good
In September 2010, our sister organization, Social Finance, Ltd., launched the world’s first Social Impact Bond in the United Kingdom. Targeted at reducing prison recidivism, the Peterborough pilot generated world-wide interest in the potential of…
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Financing Outcomes Through Social Impact Bonds
This chapter of What Matters: Investing in Results to Build Strong, Vibrant Communities was written by Social Finance CEO Tracy Palandjian.