“Under Mayor Emanuel, $16.6 million in ‘social impact bonds’ from Goldman Sachs will cost taxpayers more than double the amount borrowed. The money used to pay the interest and multimillion-dollar fees will come from property tax dollars that would have otherwise gone to schools and further mortgage our children’s future,” Garcia said.
The commercial director of the children's charity says it's wrong to compel charities to sign up to social investment schemes as a condition in a contract or programme
The city is about to enter into a $30 million agreement with several Wall Street lenders to finance an early education program that will allow banks to profit off the educational success of children.
Board of Education member Henry Bienen took an unusual step at last month’s meeting: He voted against a plan that came down from Mayor Rahm Emanuel’s office.
The University of Utah's James Lee Sorenson Center for Global Impact Investing has been awarded a $1.15 million grant by the Corporation for National and Community Service to create a "Pay for Success
We will launch a Social Impact Bond pilot program, allowing community groups to bid to make the greatest impact upon fighting poverty and to fuel sustainability of the organizations that work to improve people’s lives.There will be no financial consequences for the province.