Attended by New York State Social Impact Bond - Anti-Recidivism 2013
Attended launch Judith Rodin
Start Date 2014-00-00
Notes We commend New York on becoming the first state in the nation to put the Social Impact Bond to work demonstrating the power of public-private partnerships to provide sustainable funding for critical social services. Philanthropy has a unique ability to take chances where others cannot, and were proud to use our risk capital to guarantee deals like this one, said Dr. Judith Rodin, President of The Rockefeller Foundation. The Rockefeller Foundation supported Social Impact Bonds from their very early days in the UK, and has invested millions to build the ecosystem for Social Impact Bonds here in the U.S. We are hopeful that todays announcement will continue to encourage government, private investors, and non-profits to explore the potential of Social Impact Bonds.