Lessons in philanthropy, investment and innovation: Rikers Island needed $10 million for a program to reduce the rate of teenage inmates returning to prison. With the innovative financing structure of the U.S.’ first social impact bond, New York, Goldman Sachs and Bloomberg Philanthropies leveraged private capital toward social solutions.
Opportunity zones offer investors the chance to reduce capital gains taxes by investing in areas high in poverty. But the legislation came with a small window of opportunity, and critics see a lack of visible development thus far. What’s the greatest chance of success for residents and investors? How can the challenges be overcome?
What is socially responsible investing? Is its increasing momentum sustainable? And are international commitments to ESG practices making an impact? Darden Professors Mary Margaret Frank and Pedro Matos discuss issues related to this popular phenomenon.
The Goldman Sachs 10,000 Women initiative was launched as a $100 million initiative to foster economic growth by providing female entrepreneurs with business education and access to capital.
Can social impact bonds — a new and unique public-private partnership that raises private capital to invest in programs designed to improve social issues?