The Kansas Child Support Savings Initiative encourages parents to make deposits into tax-advantaged college savings plans in return for matching reductions in their child support debts. This report describes two randomized controlled trials conducted by Kansas and MDRC to test different methods of outreach and engagement.
A Guide to Social Impact Bond Investing
MDRC President Gordon Berlin draws lessons from MDRC’s implementation of the first social impact bond (SIB) project in the United States, providing valuable insights into the inner workings of SIB deals and explaining the challenges and the potential of this impact investing model.
This brief essay by Gordon Berlin, first published by the Nonprofit Finance Fund, builds on MDRC’s experience as the intermediary in the nation’s first operational Social Impact Bond to describe three broad challenges facing the Pay for Success movement as it moves from promising concept to on-the-ground implementation.
Early Lessons from the New York City Social Impact Bond
A social impact bond (SIB) is an innovative way to fund promising new programs at no cost to taxpayers. This report describes the first operational SIB in the U.S., explaining how an intervention for youth incarcerated at Rikers Island was developed, how the unique financing mechanism was arranged, and how the program was adapted and implemented at full scale.