DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social...
-
Upload
jerome-clarke -
Category
Documents
-
view
218 -
download
0
Transcript of DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social...
![Page 1: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/1.jpg)
DAVID MACDONALDCANADIAN CENTRE FOR POLICY
ALTERNATIVESFAMILY SERVICE ONTARIO
MAY 7 T H , 2013
Social Impact Bonds:A Terrible Public Policy Idea
…and why they might be right for you
![Page 2: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/2.jpg)
Need for Social Services: OW & ODSP
![Page 3: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/3.jpg)
Need for Social Services: Employment
![Page 4: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/4.jpg)
Need for Social Services: EI Coverage
![Page 5: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/5.jpg)
Social Services Resources: Charitable Donations
![Page 6: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/6.jpg)
Social Service Resources: United Way
![Page 7: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/7.jpg)
How are corporations doing
![Page 8: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/8.jpg)
The Corporate Cash Hoard
![Page 9: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/9.jpg)
Might corporations move?
![Page 10: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/10.jpg)
Social Impact Bonds in Canada
Federal Government, Nova ScotiaJobsNow in Ontario“in 2006 and I asked the Department how
many homeless we had in this country…I was told 150,000. Three years later … I asked again how many homeless and was told 150,000. Good work had been done – but no real dent had been made.” Minister Finley -- Social Impact Forum Nov 8, 2012
![Page 11: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/11.jpg)
Philanthropy vs. Social Impact Bonds
Social Service Agency
Philanthropist
$10K donation
Government
Don’t pay $2,600 in tax
Financier
Social Service Agency
$10K Social Impact Bond
Government
$11,300 ($10K principal + 13% profit)
![Page 12: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/12.jpg)
SIB proposed benefits
Risk transferEncourage innovative programsAssured government savingsIncreased social services funding
![Page 13: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/13.jpg)
Why SIBs might be right for you
![Page 14: DAVID MACDONALD CANADIAN CENTRE FOR POLICY ALTERNATIVES FAMILY SERVICE ONTARIO MAY 7 TH, 2013 Social Impact Bonds: A Terrible Public Policy Idea …and why.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0241a28abf838cd4943/html5/thumbnails/14.jpg)
The risks are much higher