Friday, April 21, 2017
9:00 a.m. - 11:30 a.m.
Center for Community Innovation (CCI)
1255 Broadway NE
Salem, OR 97301
FREE for NAO Members & CCI Members
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Ian Galloway, Sr. Research Associate and Oregon Community Development Manager, Federal Reserve Bank of San Francisco
Join us for a conversation on Pay for Success (also known as social impact bonds), a new nonprofit funding instrument based on the not-so-new notion that prevention pays -- that is, upfront investments in human capital can bear long-term social and financial returns. This kind of innovation, part of a movement toward outcomes-based funding has the potential to improve the social sector’s effectiveness by encouraging innovation, validating progress, and, when appropriate, attracting private capital to social causes. Pay for Success can also help community development organizations identify the hidden economic value that accrues to the public sector when difficult social challenges are solved. The program will explore this new tool and provide guidance to nonprofits interested in accessing this new source of capital.
About the Presenter
Ian Galloway is a senior research associate and Oregon state community development field manager at the Federal Reserve Bank of San Francisco. Ian researches and presents regularly on a variety of community development topics including crowdfunding, investment tax credits, the social determinants of health, impact investing, and Pay for Success financing (Social Impact Bonds). He recently co-edited Investing in What Works for America’s Communities, a collection of essays jointly published with the Low Income Investment Fund on the future of anti-poverty policy. He also published the article “Using Pay for Success to Increase Investment in the Nonmedical Determinants of Health” in the November, 2014 issue of the health policy journal Health Affairs. Previously, Ian developed a social enterprise for the Portland, Oregon homeless youth agency Outside In. He holds a master’s degree in public policy from the University of Chicago and a bachelor’s degree in political science and philosophy from Colgate University.
Produced in Partnership
This event is produced in partnership with the Portland Branch of the Federal Reserve Bank of San Francisco and the Center for Community Innovation (CCI).
1255 Broadway St. NE Ste 110
Salem, OR 97301