Impact through philanthropy and government
Impact thinking is also revolutionizing philanthropy. In this video, Sir Ronald explains what a social impact bond is, gives us some practical examples of how SIBs have solved social issues, and explores how risk changes hands with the new philanthropy model.
Overview
In this video, Sir Ronald explains what a social impact bond is, gives us some practical examples of how SIBs have solved social issues, and explores how risk changes hands with the new philanthropy model.
Key learning objectives:
Define what a social impact bond is
Give practical examples of how SIBs have solved social issues
Define what pay for success is
Explore how risk changes hands with this new philanthropy model
Summary
Expert
Sir Ronald Cohen
Sir Ronald Cohen is the Chairman of the Global Steering Group for Impact Investment, the Impact-Weighted Accounts Initiative at Harvard Business School and The Portland Trust. At the start of his career, he co-founded the private equity firm Apax Partners. In 2020, he wrote the bestselling book “Impact: Reshaping capitalism to drive real change”. Considered the Father of Social Investment, in 2012 he received the Rockefeller Foundation’s Innovation Award for innovation in social finance.
