Loading...
Among the many innovations that have sprung up in the philanthropic sector is the Social Impact Bond (SIB). These are a way for government and investors to provide funding by focusing on approaches that work rather than just handing out money up front.
They are not a panacea, and they are still in the formative stages, but at the AICPA Not-For-Profit Financial Executive Forum, Jitinder Kohli, a senior fellow with the Doing What Works Project at the Center for American Progress, Douglas J. Besharov, a professor at the University of Maryland School of Public Policy, and Kristina Costa, a research assistant at the Center for American Progress, outlined aspects of SIBs that should be remembered by government funders and nonprofits seeking funding.
As we celebrate our 36th year, NPT remains dedicated to supplying breaking news, in-depth reporting, and special issue coverage to help nonprofit executives run their organizations more effectively.