d. Social impact bonds.
Social impact bonds (SIBs) have become a major vehicle for raising funds from the private sector to ensure the sustainability of projects with measurable impact in the nonprofit sector. Their global champion is Sir Ronald Cohen, the British Jewish financier who pioneered the development of Social Finance UK in 2010, Social Finance US in 2011 and Social Finance Israel in 2013. Social Impact Bonds and their potential application to Jewish education, were explained in detail in a recent post in eJewish Philanthropy
The establishment of this foundation should be a high priority. High impact Jewish education is increasingly becoming our insurance policy for our Jewish future and if we are unable to provide long-term sustainability, the “profits” from our current educational investments will be jeopardized.Read More