Blog

This article was cross-posted from the Council of State Government’s blog. ...

Launched in 2020, Social Finance’s Career Impact Bond with Alchemy Code Lab aims to serve 300 students over three years. Alchemy’s 25-week, full-time online training program prepares students for mid-level software engineering jobs with employers such as Nike, Kroger, and Cambia Health.

Earlier this month, workforce development, education, and government leaders gathered virtually to discuss workforce challenges and solutions at the 2021 ACT Workforce Virtual Summit. Social Finance Vice President Jake Edwards teamed up with Aaron Picozzi, President of American Diesel Training Centers (ADTC), and Bill Jones, Vice President of Fleet Services at Penn Power Group, to discuss the Career Impact Bond, a financing model for career-based training and wraparound supports to advance economic mobility....

A panel of cross-sector leaders convened last month at The Exchange 2021: The Systems Summit to discuss economic recovery. The session, titled “Recovery to Renewal: Capturing the Trillion Dollar Opportunity,” featured Tracy Palandjian, CEO and Co-Founder of Social Finance; Gary Cunningham, President and CEO of Prosperity Now; Becky Payne, Executive Vice President of the Rippel Foundation; and Madge Thomas, Vice President of Corporate Social Responsibility and Head of the American Express Foundation. Monte Roulier, President and Cofounder of the Community Initiatives Network moderated. ...

Income share agreements (ISAs) are education financing tools that link a student’s payment obligation to their success in a training program and their subsequent economic advancement....

Having a child changes your life. For many families, extra support during the transition into parenthood is critical. Home visiting programs, like those funded by the Connecticut Office of Early Childhood (OEC), help new parents navigate pregnancy, birth, and early parenting by connecting them with trained home visitors. During visits, home visitors provide guidance on various topics, such as child health, postpartum mental health, and infant developmental milestones. Home visitors can also provide transformative support to families....

At Social Finance, we work with local and state governments to realign systems for greater impact. Many of our government partners ask the same questions: which programs will best advance policy goals? How can governments carefully measure what matters in social service delivery? And how can agencies and providers reap the benefits of their work?...

In 2018, Social Finance collaborated with the Commonwealth of Massachusetts, the City of Boston, the New York City Department of Veteran Services, the Department of Veterans Affairs (VA), and the Tuscaloosa Research and Education Advancement Corporation to use outcomes-based financing to scale an evidence-based, supported employment intervention for veterans dealing with one of the most common invisible wounds of war today: post-traumatic stress disorder (PTSD).

By Anne Field...

Michael Grossman joined Social Finance in September 2021 to oversee the organization’s impact investing work. In this interview, Michael shares how he got to Social Finance and his vision for the organization.