Institute for Child Success Convenes South Carolina Social Impact Finance Working Group
January 30, 2013
GREENVILLE and COLUMBIA, SC – January 30, 2013 – The Institute for Child Success (ICS), a research and policy organization working across South Carolina to create a culture that facilitates and fosters the success of all children, is convening a working group to explore new ways to scale and sustain high-quality, evidence-based interventions that meet the needs of South Carolina’s youngest children through social impact financing.
This working group will develop a knowledge-base around financing arrangements for programs that produce social benefits and cost savings, and will consider social impact financing’s potential to help South Carolina improve outcomes for children on a large scale. This group will focus, in part, on exploring the feasibility of using one form of social impact financing–Social Impact Bonds–to scale and sustain high-quality early childhood interventions. These explorations will have broad implications for both the private and public sectors in South Carolina well beyond the early childhood sector.
This invitation-only working group will consist of members drawn from government, the philanthropic community, early childhood interventions, and elected officials.
The first meeting of the working group, scheduled for February 7th in Columbia, will be facilitated by Megan Golden of New York University’s Wagner Graduate School of Public Service with the assistance of Nirav Shah, a director with Social Finance US.
Golden is also serving the principal investigator on an ICS analysis to determine the feasibility of using Social Impact Bonds to scale and sustain evidence based home visiting programs for at-risk young children and their parents in South Carolina.
About ICS
Through research, advocacy and integration the Institute for Child Success leads public and private partnerships to coordinate, enhance and improve resources for the success of all children. A partnership of the Greenville Hospital System University Medical Center Children’s Hospital and the United Way of Greenville County, ICS supports service providers and advocates focused on early childhood development, healthcare, and education-all to coordinate, enhance, and improve those efforts for the maximum effect in the lives of young people. For more information: www.instituteforchildsuccess.org.
