Financial Economics Independent Research Presentation Weston Young

Social Impact Bonds Private investors invest capital and manage public projects Aimed at improving social outcomes for at- risk individuals Private investors are paid back a financial return by the government if and only if social outcomes are improved

NYC ABLE Project for Incarcerated Youth Service Provider: Osborne Association, Friends of Island Academy Intermediary: MDRC Funder: Goldman Sachs Urban Investment Group Evaluator: Vera Institute of Justice

Are these programs viable in Central NY? Develop lists of potential Service Providers, Intermediaries, Investors, Evaluators, and Government Agencies Use Rapid Suitability Questionnaires evaluate suitability to pursue this method of nonprofit service financing Create Case Studies for comparison

Introduction Description of SIBs Brief review of SIBs in Economic Literature

Methods Description of Rapid Suitability Questionnaires Criteria for selecting s ervice providers, intermediaries, investors, and evaluators.

Findings Describe which organizations are best suited to participate in a SIB Indicate which criteria where met/not met and why

Case Studies Description of high profile SIB programs Indicate their status/outcomes

Next Steps Doodle Poll for bi-weekly meetings Assign organizations for to members to analyze with the Rapid Suitability Questionnaire Assign case studies for members to research