Designed for jail administrators, this guide describes strategies for identifying, securing, and coordinating jai resources from multiple sources, both internally and externally. Three sections comprise this document: (1) Jail resource types and potential sources -- generating revenue, using the services of other agencies, soliciting donations from the community, and how the jail and community are linked by a common goal; (2) Strategies for securing, coordinating, and managing jail resources -- eight-step strategy and sustaining the effort; (3) The ongoing process of resource management.
“A new way to fund what works by bringing communities together to scale what works, pay for success can help improve the lives of people in need … Pay for success (PFS) is an innovative financing mechanism that shifts financial risk from a traditional funder—usually government—to a new investor, who provides up-front capital to scale an evidence-based social program to improve outcomes for a vulnerable population. If an independent evaluation shows that the program achieved agreed-upon outcomes, then the investment is repaid by the traditional funder. If not, the investor takes the loss." Points of entry are: Get Started; Library; Events; Blog; FAQS; and Ask an Expert.
This meeting looked at marketing, funding, and auditing in large jail systems. Sections contained in this document include: meeting highlights; issues and strategies explored; what marketing the jail means and why do it; identifying creative marketing opportunities; strategies for demonstrating the need for adequate budget resources; identifying undiscovered or under-utilized funding resources; issues for large jail consideration; the jail auditing process -- how it supports jail operations and the effective use of resources; and future meeting issues presentation.
If you are looking for information about Social Impact Bonds (SIBs), then this is the perfect publication for you. "The goal of a Social Impact Bond (SIB) is to improve social outcomes while effectively allocating scarce public-sector resources. SIBs are a public-private partnership in which private investors adopt the risk that a social program may not produce its desired outcomes" (p. 1). Topics covered include: what a SIB is; the difference between a Social Impact Bond and Pay for Success (PFS); history of SIBs; who the key players are—government agency, investor, intermediary, service provider, and independent evaluator; how SIB is constructed; the potential benefits; the potential pitfalls; and three examples of current Social Impact Bond initiatives. Since SIBs are a relatively new development in financing social programs, "[i]n the juvenile justice context, social impact bonds can offer an innovative way for government to shift resources from costly facilities to more effective community-based programs. All investments come with risks; one of the benefits of social impact bonds to government is that there is a degree of risk transference—if the program does not perform, the government is not on the hook financially" (p. 5).
This is an excellent introduction for anyone looking for information about social impact bonds (SIBs). “As publicly-funded programs and services across the country are experiencing budgetary constraints, many are beginning to look to social impact bonds (SIBs), also known as pay-for-success bonds or social innovation financing, as a possible solution. Under the SIB model, public, private, and nonprofit sectors collaborate to achieve cost savings and improve social outcomes in areas such as criminal justice, juvenile justice, education, foster care, and homelessness. In this innovative model, four entities—a government agency, a private investor, a public or nonprofit service provider, and an intermediary organization—work closely together to implement an SIB bond project, and to support the development, implementation, or enhancement of a social program. Private investors provide funding in the form of a bond to a service provider that delivers social services to the targeted population” (p. 1). This article covers: how a SIB pays for itself; SIB history; U.S. federal support for SIBs; success of SIBs in the United Kingdom; and SIB pros and cons. Included is a great set of links to additional resources about SIBs.