The Reason Foundation’s Leonard Gilroy has an interesting report on the growing interest in social impact bonds. Georgia’s existing criminal justice reforms have created a need to fund community-based services, which could be leveraged by social impact bonds.
“An article in the first edition of this newsletter back in October noted the growing interest
among states in the emerging tool of social impact bonds (SIBs), which are public-private partnerships in which private philanthropic organizations, financiers, nonprofits or other nongovernmental organizations finance and implement new social service delivery models on behalf of governments under a pay-for-success contract model. Since then, there have been some noteworthy developments in three states—New York State, New Jersey, and Washington State—that demonstrate that the…