User:Sgonz380/Social Finance (US non-profit organization)

Social Finance allows corporations to manifest corporate social responsibility by contributing to the funding of Pay for Success projects.

Pay for Success projects require transparency in order for there to be collaborative ethic. Transparency will allow each component of the model to have accountability and comparability which will help lead to the final goal of making a social impact. Social Finance manages and serves as an intermediary to make the Pay for Success projects happen.

How do these partnerships work for Pay for Success projects?


 * 1) Private sectors invest in social impact bonds
 * 2) Non-profit organizations use that funding to tackle a specific problem in society
 * 3) Government pays back investors and they receive profit if it is proven statistically that the project has been successful

South Carolina Nurse Family Partnership

Social Finance and Nurse-Family Partnership's National Service Office work together to expand Nurse-Family Partnership's home visiting services for low income, first-time mothers. Currently, the two organizations are developing and exploring Pay for Success projects in multiple jurisdictions throughout the United States. This project initiated in South Carolina on February 2016 when Governor Nikki Haley announced this four year program. A total of $30 million was raised to execute this project. All of those involved are aiming for the project to be successful within those four years in order to receive money from the government.

Veterans Coordinated Approach to Recovery and Employment (Veterans CARE) Pay for Success Project

This project aims to reduce unemployment and underemployment of US Veterans by providing Individual Placement and Support (IPS) through VA medical centers. In the span of 3 years it will assist and track the recovery service and employment transition of 480 veterans from Massachusetts and New York. Social Finance is one of six partners in the 1st Pay for Success project that will help Veterans. This project has multiple investors funding it, including BNP Paribas, Northern Trust, The Dakota Foundation, Deutsche Bank, Robin Hood Foundation. A total of $5.1 million was raised to execute this project and if it achieves success then investors will be receiving returns.