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

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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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