Representing one component of the rapidly growing field of innovative finance, SIBs sit at the nexus of the Foundation’s work in scaling innovation and impact investing. SIBs represent one of the most innovative examples of public-private initiatives, and have the potential to substantially transform the social sector, support poor and vulnerable communities, and create new financial support for social service delivery by offering a more sustainable way to scale what works.
The Rockefeller Foundation considers social impact bonds a win-win-win for all parties. Government saves taxpayer money by only paying for programs that successfully deliver a social benefit; the private sector has the opportunity to invest for impact while earning a return on investment; and non-profits have a larger financial pool, allowing them to focus on scaling proven, prevention-oriented programs to address critical social issues. The SIB model can be applied to social issues ranging from homelessness to health care to early education. The Foundation has supported social impact bonds from the very beginning, and has been working to build the relevant infrastructure and ecosystem to support the testing this innovative tool in the United States.
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InnovationWhat’s the next great innovation in mobilizing private capital for social purpose?
Speeches & PresentationsRockefeller Foundation president Judith Rodin talks about innovation in finance for social impact.
Social Impact BondsThrough a program related investment, the Foundation supported the Peterborough SIB pilot aimed at reducing prisoner recidivism—and now, four years later, we can point to tangible success for this new innovative finance mechanism.