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.
Emily Bogan, Marie Davidson, and Annie DearAugust 24, 2021
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....
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....
More than half of the children born in South Carolina in 2015 were born to mothers living in poverty. Understanding the well-documented impact of poverty on childhood development and long-term family outcomes, the state’s Department of Health and Human Services (SCDHHS) turned to a novel public-private financing tool, the Social Impact Bond (SIB).
Justin Bakule joined Social Finance in July 2021 to spearhead corporate engagement, with an eye toward building cross-sector partnerships that work for business and the communities in which they operate. We spoke with Justin about his journey to Social Finance and the work ahead.
Social Finance and The Children’s Trust Fund of MissouriAugust 5, 2021
The Children’s Trust Fund of Missouri (CTF) worked with Social Finance to design an outcomes rate card, an outcomes-based funding structure that includes a menu of high-priority outcome metrics CTF hopes to achieve and an associated payment, or “price,” for each outcome achievement. Launched this month, the outcomes rate card provides an opportunity for home visiting providers to earn incremental new incentive funding based on the achievement of specific outcomes.
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.
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.