ReadyNation's mission is to help state and business and philanthropic leaders build strong coalitions to support smart early childhood spending – spending that strengthens families and future workforce competiveness.
Social impact finance programs are potentially an excellent way for coalitions to increase funding and demonstrate the economic power of quality early childhood investments. To help make this potential a reality, ReadyNation is leading an active effort to develop the research, operational and legal frameworks needed to set up successful early childhood social impact bond (SIB) arrangements. The Kauffman-ReadyNation working group’s report provides a full discussion of early learning SIBs. The Contract Standardization working group is to identifying key operational and legal aspects of early childhood SIBs.
To stay up to date on ReadyNation’s work on early health and early learning social impact finance, sign up for the SIB listserv today. To learn how you can get involved, e-mail ReadyNation at email@example.com or Tiffany Eckert at firstname.lastname@example.org.
Early Childhood —
This project seeks to assemble a package of basic early childhood social impact bond (EC SIB) contracts to help people understand operational aspects of SIB programs and work effectively with deal-structuring financers. The availability of standard basic contracts will make it much easier set up early childhood "pay for success" programs and help a lot more kids in a lot less time. Circumstances vary from state to state and even county to county. Local SIB contracts will certainly have to be written to handle the terrain of local conditions. But there’s no need for program sponsors and attorneys to re-invent the wheel in each instance. We can save sponsors’ time and money by providing a set of basic wheel designs and ways to learn from each other’s efforts.
Materials for the November 5th, 5 pm working group conference call
Materials for the November 19th, 5 pm working group conference call
This was a joint project of the Kauffman Foundation and ReadyNation. It focused on developing income-contingent and performance contingent financing arrangements for early childhood programs. The group first met in late 2010 in Chicago, Illinois and several meetings in person and via web conferencing.
Past Working Group Meetings