You have read the buzz about social impact bonds (sometimes called Pay for Success) but what's the real scoop? On May 10th the California Policy Forum for Nonprofits and Philanthropy sponsored a webinar featuring the pros and cons, promises and risks, of this highly publicized funding mechanism.
If you missed it, you can access the recording free here.
Moderator Jan Masaoka of CalNonprofits opened the webinar by asking speakers whether social impact bonds are a light bulb (world-changing great idea) or a city of gold (mythical, nonexistent mirage)? Carla Javits of REDF talked about the promise of social impact bonds, her organization's investment and work on them, and her own misgivings as well.