Social Finance, a leading nonprofit intermediary for Pay for Success transactions, released a white paper on the catalytic role of philanthropy in developing the social impact bond market.
From the Social Finance U.S. website:
Philanthropic institutions have been instrumental in helping to launch the SIB market both in the US and abroad. To explore this work, Social Finance has released a White Paper entitled Foundations for Social Impact Bonds: How and Why Philanthropy Is Catalyzing the Development of a New Market. Drawing on existing research and our on-the-ground experience, as well as interviews with numerous foundation staff and thought leaders, we assessed the role that philanthropy has played and will continue to play in developing the SIB market in the US.