Massachusetts ROCA Social Impact Bond

Innovative Finance Mechanims to Reduce Recidivism Among MA Youth

FACT SHEET: The Massachusetts Juvenile Justice Pay for Success Initiative • The Commonwealth of Massachusetts, Roca, Inc., and Third Sector Capital Partners, working with lenders Goldman Sachs, through its Social Impact Fund, The Kresge Foundation, and Living Cities and philanthropic grantors The Laura and John Arnold Foundation, New Profit Inc., and The Boston Foundation, are launching a Pay for Success (PFS) initiative to reduce recidivism and improve employment outcomes for young men at high risk of re-offending in the Boston, Chelsea, and Springfield, Massachusetts areas.

Relationships Interlocks Giving Data

Donors

New Profit Inc national nonprofit venture philanthropy fund

• Grant · 2,000,000 USD ('12)*

Living Cities Inc

• Grant · 1,500,000 USD ('12)*

The Kresge Foundation Private foundation headquartered in Troy, Michigan

• Grant · 1,500,000 USD ('12)*

Donations

Goldman Sachs Wall Street investment banking, securities and investment management firm

• Grant · 9,000,000 USD ('12)*

Arnold Ventures Foundation of natural gas billionaire John Arnold

• Grant · 3,700,000 USD ('12)*

The Boston Foundation A manager of charitable assets. A major funder of nonprofit organizations. A civic leader and convener

• Grant · 300,000 USD ('12)

Social Impact Bond Lab

• Pro Bono Services ('12)*

Miscellaneous Relationships

Ryan Gillette Director, Advisory Services Social Finance

• Advisor*

ROCA, Inc Juvenile Justice Pay for Success Program in MA

• Funded by

Third Sector Capital Partners Promoter of Pay for Success Deals

• Project Manager ('12→?)*

Updated almost 3 years ago

Types	Organization
Start date	2012