Blog: Social Impact Bonds

Top 6-10 Juvenile Justice Blog Posts | 2012

We've counted down the top 25, 20 and 15 juvenile justice blog posts from 2012. Here are 6-10:
10. Missouri’s Unique Approach To Rehabilitating Teens in Juvenile Justice System
Missouri is changing the way it approaches rehabilitating teens in its juvenile justice system, and it’s working. With a focus on therapy and education rather than punishment, the state closed its training schools and large facilities with minimal schooling in the early 1980s.
9. Stop the Trauma. Start the Healing: A Latino Health Context
Latino children are the fastest growing population in the United States and over half will end up incarcerated, jobless, or dead at a young age. Recognizing this, the National Compadres Network released a brown paper explaining how transformational based healing can disrupt this cycle and improve health outcomes for Latino children.

Most Popular Juvenile Justice Blog Posts of August

We realize that many of our readers spent at least part of August traveling and spending time away from the computer. So, we've put together a little recap of our most popular juvenile justice blog posts of August 2012.
10. A Look Back on 11 Years of Juvenile Justice Reform
Earlier this summer, the National Conference of State Legislatures published a report detailing the progress made in the juvenile justice arena at the state and national levels.
9. Funding Opportunity: Improve Outcomes for Boys of Color
The Robert Wood Johnson Foundation announced a new call for proposals for 10 grants of up to $500,000 each. The Forward Promise initiative is looking for innovative, community-based projects working to strengthen health, education and employment outcomes for middle school and high school-aged boys and young men of color.

Goldman Sachs Invests $10M in Social Impact Bond to Reduce NYC Teen Recidivism Rates

Goldman Sachs is investing almost $10 million in a government program to reduce recidivism rates among adolescent men.
Earlier today, New York City Mayor Michael Bloomberg announced that Goldman Sachs would provide a $9.6 million loan to pay for a new four year program to reduce the rate at which teen boys incarcerated at Rikers Island reoffend. Goldman Sachs is providing the financing through a social impact bond and will only be repaid if the program reduces recidivism rates by more than 10%. Currently, nearly 50% of the young men released from Rikers reoffend within one year.
According to the New York Times:

The Goldman money will be used to pay MDRC, a social services provider, to design and oversee the program. If the program reduces recidivism by 10 percent, Goldman would be repaid the full $9.6 million; if recidivism drops more, Goldman could make as much as $2.1 million in profit; if recidivism does not drop by at least 10 percent, Goldman would lose as much as $2.4 million.