Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Social Impact Bonds

UVA PFS Lab provides an overview of Pay for Success finance.
by

Conor Flynn

on 11 June 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Social Impact Bonds

What are SIBs?
Evaluator
4
Service
Providers
Intermediary
Target
Population
Government
Private
Investors
1
2
5
6
3
Service
Providers

Government
Private
Investors

Social Impact Bonds
1. Private investors provide up-front capital
2. Intermediary pays service providers
3. Providers deliver services
4. Third-party evaluator measures outcomes
5. Government makes payments if target outcomes are achieved
6. Intermediary repays private investors if target outcomes are achieved.
*Repayment = initial investment + interest
UVA PFS Lab
1
1. Private investors provide up-front capital
2
2. Intermediary pays service providers
3
3. Providers deliver services
Evaluator
4
4. Third-party evaluator measures outcomes
5
5. Government makes payments if target outcomes are achieved
6
6. Intermediary repays private investors if target outcomes are achieved.
*Repayment = initial investment + interest
Social Impact Bonds are financial instruments for improving social outcomes. Using public-private partnerships, SIBs promote evidence-based solutions.
Government
Savings
Aligning Interests
Service
Providers
Government
Private
Investors
save tax dollars
test new solutions
reduce financial risk
diversify portfolios
collect returns
enhance efficiency
social outcomes
resolve public problems
Applications
How are SIBs
Developed?
Conducting
Transactions

improve
Expanded
Services
Private
Funding
Improved
Social Outcomes
Investor
Returns
Private investors fund an expansion of social services. If services produce pre-determined social outcomes, then investors receive financial returns.
Financial returns

depend on

social outcomes.
Key Characteristic:
What:
How:
prison recidivism
early-childhood education
chronic homelessness
workforce development
foster care
asthma management
Ensuring
Accountability
Intermediary
Contract
Third-Party
Evaluator
Target Outcomes
Government
Service Providers
Private Investors
Intermediary
Evaluator
Data
Sharing
Evidence
Virginia PFS Development
1. Discuss potential PFS interventions
(e.g. homelessness)

2. Conduct pre-feasibility study
(specify target population, available service providers, end-payer, estimate which entities would save most money)

3. Apply to receive technical assistance from
PFS Grantee
(e.g. Third Sector Capital)
UVA PFS Lab
Engage
Stakeholders
Compare
Policies Across
States
UVA PFS Lab
Research
Early-Childhood
Education
Permanent
Supportive
Housing
Workforce
Development
Fall 2015
Advise
PFS Councils
UVA PFS LAB
Virginia PFS Conference
(UVA- September)
Josh Ogburn- jlo9uc@virginia.edu
Conor Flynn- cpf9mf@virginia.edu
Finance the Future
.....
2010-2015
We conduct pre-feasibility studies of PFS projects in Virginia.
Assess
Institutional
Context
*Pay For Success (PFS) = U.S. SIB Program
Pay for Success
Using 2014 Congressional appropriations, the Social Innovation Fund (SIF) distributed 8 PFS grants.
PFS grantees provide technical assistance for PFS projects throughout the country.
States and communities apply to receive technical assistance from PFS grantees.
Applicants must provide persuasive evidence to demonstrate PFS potential.
PFS Technical Assistance
Full transcript