Social impact bonds: The anti-philanthropy | David Macdonald

by Graham H. Cox last modified 2013-02-13T15:55:39-04:00
So what is a “Social Impact Bond”? Well the idea is that a banker or foundation decides to fund a particular service. When (you’ll see why not “if” below) the program hits its goals, then the government pays the funder back all they invested and includes a profit margin of somewhere in the neighbourhood of 7%-15% on top.
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