Date post: | 15-Apr-2017 |
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Philanthropy Today
Joan HoffmanSue Williams
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Philanthropy Yesterday – Today - Tomorrow
Greek PhilosophersRenaissanceWealth of NationsIndustrial RevolutionNew DealCause Marketing Social ResponsibilityImpact InvestingPay for Success
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Philanthropy literally means “love of man or humanity.”
• Different from charity --which is giving time or money for relief of some hardship: think hurricanes, fires, new building, scholarships
• The practice of giving time and money to promote the welfare of others.
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Ancient History
• Aristotle – Plato• Rise of the
Christian Church• Renaissance
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1700 – 1800’s
Adam SmithScottish social philosopher writes Wealth of Nations
Benjamin FranklinAmerican entrepreneur
Herbert Spencer English philosopher and scientist
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Industrial Revolution and the new Philanthropists
Andrew Carnegie
Henry Ford
John D. Rockefeller
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The New Deal
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Cause Marketing
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Impact Investing
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Pay for Success
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Balancing Impact
Advantages Transfer Risks Fund preventive
services
Overcome silos
Scale Up
Challenges Need high net benefits
Must be measurable
Defined population
Credible Impact assessments
Unsuccessful performance
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Pay for Success Transactions Completed1. US – New York City Recidivism Reduction
2. US – Salt Lake City, Utah Early Childhood Education
3. UK – Peterborough Recidivism Reduction
4. UK – West Midlands Workforce Development
5. UK – Manchester Workforce Development
6. UK – London Homelessness
7. Australia – New South Wales Child Maltreatment/Foster Care Prevention
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Institute for Child Success
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Pay for Success in South CarolinaBlue Cross Blue Shield FoundationEdna McConnell Clark FoundationLaura and John Arnold FoundationThe Duke Endowment
Children’s Trust of South Carolina
SC Department of Health and Human Services
JPAL @ M.I.T
Nurse Family Partnership – National Service Office
First-time, low income, pregnant, women and their children
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Pay for Success South Carolina
• Enroll 3,200 pregnant women• Four years• Impact Goals - Preterm births - Healthy birth intervals - Child hospitalization from acute injury (0-2) - Recruit participants from low income zip codes
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• Develops a scalable model of NFP
• Provide modern evidence on effectiveness
• Measure the long-term effects of NFP
• Advance the Pay for Success Model
Importance of Project
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scChildren.org
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