Rockefeller Foundation Grants Social FInance Inc. $500,000
The Rockefeller Foundation announced a $500,000, two-year grant to support Social Finance Inc.’s innovative work in developing the Social Impact Bond (SIB) market in the United States.
Social Finance is a Boston-based nonprofit founded in January 2011 to develop, finance, launch, and manage high-quality SIBs throughout the United States.
The Social Impact Bond is a financial instrument that aims to align the interests of private investors, entrepreneurial nonprofit service organizations, and governments in an effort to impact poor and vulnerable communities.
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