Last year, JEVS honored a TCY graduate at our annual awards luncheon. Kareem is a 25‐year old father of three. A resourceful, high school graduate, Kareem was working full‐time as a janitor at the Montgomeryville Mall when the pressures of young mouths to feed became too much. Kareem would come home after his shift to see corner drug sales and sellers with as much cash in their pockets as he earned in a week at his full‐time job. He needed to make more money, not for extras, but for basics for his kids and for his fiancé. He tried finding better work but with only a high school diploma, his search was fruitless. Drug sales looked too easy and seemed victimless. Kareem could no longer resist joining them—so he did. He told us he would sell on the corner at nights, after his shift at the Mall. He didn’t last long. He was arrested, charged and, because he was unable to make bail, spent time in jail until he was offered TCY. He was released the day after Christmas and determined to do better by his girlfriend, his sons and his Mom. In the 13 months at TCY, Kareem honed his job search skills, enrolled in a work experience program and landed a job at PATCO. It was temporary but steady and he knew it was just a stepping stone to his real goal of helping others avoid the path he had taken. Today, Kareem’s felony charges have been dropped, he’s months away from expungement, working full‐time in the human services field and anticipating continuing his education. I fully expect that Chris, Qinzell and Tarik will have similar success stories when they complete TCY with a clean record in the coming months. So why do we believe that TCY is exactly the kind of highly measurable program that can be financed by Social Impact Bond financing? The simple answers are that it works and the cost savings are demonstrable. The 13‐month program costs $5,200 per participant. The cost of one year of incarceration within the Philadelphia Prison System is roughly $39,000 per prisoner, plus the uncalculatable cost of a felony record. In simple math, the City and the Philadelphia Prison System avoids nearly $34,000 in annual costs per TCY participant. We believe that with a fuller accounting of the societal costs of incarceration and the life‐long impact of a felony conviction, the savings would be significantly greater.