What’s the Real Impact of Social Impact Bonds?
In the past ten years, social entrepreneurship has grown from a theoretical model to an outright trend. We’re seeing more and more techniques from the business world applied to resolving cultural, social, and environmental issues. This hybrid model is, in concept, a win-win – creating a profitable business that changes the world for the better. The emergence of high-profile Social Impact Bonds in recent years is part of this trend. While they’ve created a lot of buzz, a lot of us in the nonprofit world have wondered how – and how well – do Social Impact Bonds work?