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From Potential to Action: Bringing Social Impact Bonds to the US

Center for Nonprofit & Public Leadership

Wednesday, March 6, 2013 from 7:00 PM to 8:30 PM (PST)

Berkeley, CA

From Potential Action: Bringing Social Impact Bonds to...

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UC Berkeley Faculty/Staff Ended Free $0.00
UC Berkeley Alumni Ended $10.00 $1.49
General Admission Ended $15.00 $1.74

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Event Details

From Potential to Action: Bringing Social Impact Bonds to the US

Social Impact Bonds (SIBs) are at the forefront of financial innovation for scaling proven social impact programs. Laura Callanan, author of McKinsey & Company’s ground-breaking report on SIBs, will examine this new outcome-based approach to scaling and the role played by each stakeholder group: government, nonprofits, impact investors, and evaluation advisors. Carla Javits, CEO of REDF, will discuss her organization’s proposal to implement a pay for success program in California.

There is considerable buzz about whether this new "pay for success" financial model could work in the US. McKinsey & Company's new report, "From Potential to Action: Bringing Social Impact Bonds to the US" will be presented by Laura Callanan, the new Haas Scholar in Residence at the Center for Nonprofit and Public Leadership. SIBs were pioneered in 2010 by Social Finance UK, led by Director, Emily Bolton (Haas MBA 05), a former REDF strategy consultant. Despite its name, a SIB is not a bond. It is a multistakeholder partnership in which philanthropic funders and impact investors-not governments-take on the financial risk of expanding preventive programs that help poor and vulnerable people. Nonprofits deliver the program to more people who need it; the government pays only if the program succeeds.

 

Date: Wednesday, March 6, 2013
Time: 7:00-8:30 pm
Location: Haas School of Business, UC Berkeley
Directions & parking: http://bit.ly/cnpl-parking

Light food and beverages will be served

 

Watch this video to learn more about SIBs:
An Introduction to Social Impact Bonds

McKinsey & Company: An Introduction to Social Impact Bonds

 

Speakers:

Laura CallananLaura Callanan is a Haas Scholar in Residence and was a consultant with McKinsey & Company where she was the lead author of From Potential to Action: Bringing Social Impact Bonds to the US, the most comprehensive report on this new public-private approach to scaling social services. Working on social impact assessment, Laura authored Learning for Social Impact: What Foundations Can Do. She was also primary investigator on a study Supporting Leaders Who Scale What Works, which looks at the capabilities and opportunities social sector leaders need to succeed. Prior to joining McKinsey, Laura served as Senior Adviser at the United Nations Development Programme , Executive Director of The Prospect Hill Foundation, and Associate Director at The Rockefeller Foundation where was also a member of the Program Venture Experiment (ProVenEx) commitment committee she oversaw investment decisions for program-related investments.

 

Carla JavitsCarla Javits is the President of REDF which provides equity-like investments and business assistance to create and grow ‘double bottom line’ enterprises operated by nonprofits that create jobs in order to employ people who face high barriers. The people employed learn and earn, while the nonprofit brings in business income that makes the enterprise sustainable. Prior to joining REDF, Carla directed the California expansion of the Corporation for Supportive Housing (CSH) and then became CSH’s national President and CEO, helping to build and transform the field of service-enriched housing which has ended homelessness for tens of thousands of people. Previously, she was a Program Analyst with the California Office of the Legislative Analyst, and was Director of Policy and Planning for the San Francisco Department of Social Services. She holds a Masters of Public Policy and BA from the University of California, Berkeley.

 

For other events offered by the Center for Nonprofit and Public Leadership, visit http://nonprofit.haas.berkeley.edu/events.html

 

This Schwab Charitable Philanthropy Speaker Series is co-sponsored by:

Center for Nonprofit and Public Leadership

Schwab Charitable

Schwab Charitable

HAAS INVESTMENT CLUB

 

 

The business of making a difference starts here!

Have questions about From Potential to Action: Bringing Social Impact Bonds to the US? Contact Center for Nonprofit & Public Leadership

When & Where


Wells Fargo Room
Haas School of Business, UC Berkeley
2220 Piedmont Avenue
Berkeley, CA 94720

Wednesday, March 6, 2013 from 7:00 PM to 8:30 PM (PST)


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Organizer

Center for Nonprofit & Public Leadership

Our mission is to inspire the next generation of leaders to create and seize opportunities to achieve social impact across sectors. Visit us online at: nonprofit.haas.berkeley.edu

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