What are the nonprofit management implications of Pay for Success programs?
ASU Lodestar Center
MAY 15, 2017
The Vera Institute (2015) offers this definition of social impact bonds: “In a social impact bond, private investors fund an intervention through an intermediary organization—and the government repays the funder only if the program achieves certain goals, which are specified at the outset of the initiative and assessed by an independent evaluator.”.
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