CAP en Español
Small CAP Banner
Doing What Works
Nurse and child

Fact Sheet: Social Impact Bonds in the United States

article icon Fact Sheet Through social impact bonds, the government can pay for programs that deliver results.


Networking for Success

article icon Issue Brief The Council on Foundations and the Center for American Progress jointly held two roundtable conversations in 2013 with potential social impact bond investors, concluding that strong cross-sector relationships are key to social impact bond transactions.


Investing for Success

article icon Issue Brief The Council on Foundations and the Center for American Progress jointly held two roundtable conversations in 2013 with potential social impact bond investors that produced a series of key policy questions.

White House Budget Drives Pay for Success and Social Impact Bonds Forward

New proposals in the Obama administration’s budget will help promote an innovative method to changing the way government does business and will provide a new approach to financing social programs.

Filling out form

Frequently Asked Questions: Social Impact Bonds

book_alt2 icon Report This Frequently Asked Questions guide is intended to address common questions about social impact bonds in plain, straightforward language.

Sylvia Mathews Burwell

Pay-for-Success Programs Could Help OMB with Grant Guidance

The Office of Management and Budget should utilize the power of Pay for Success and Social Impact Bonds when it determines how to allocate grant money.

Deval Patrick gives State of State address

New York City and Massachusetts to Launch the First Social Impact Bond Programs in the United States

This summer New York City and Massachusetts helped make possible the notion that governments can pay only for successful outcomes in some social programs, by using social impact bonds to finance them.

Construction workers

Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

book_alt2 icon Report Leveraging additional private investment will help close our nation’s infrastructure-funding gap and enable the completion of hundreds of critical projects that will provide substantial economic returns for American taxpayers.

How to Upgrade and Maintain Our Nation’s Wastewater and Drinking-Water Infrastructure

book_alt2 icon Report Many of our drinking-water and clean-water systems have been allowed to fall into a state of disrepair, but a number of common-sense reforms can help address the systems' failures.

Infographic: Drinking Water and Wastewater by the Numbers

Due to decades of insufficient or misdirected investment, a significant portion of water-distribution and sewer systems are reaching or have already reached the end of their intended operational life and are beginning to fail.

rebuilt levee

Ensuring Public Safety by Investing in Our Nation’s Critical Dams and Levees

book_alt2 icon Report The combination of extreme weather and flooding resulting from global warming and our aging dam and levee infrastructure means that without action, thousands of lives and communities are at risk and avoidable public costs will rise.

Dam burst

The 10 States Most Threatened by High-Hazard, Deficient Dams

bars icon Charts Chart shows the 10 states with the most state-regulated, high-hazard dams in need of repair.

A transportation worker creates a dust cloud while cutting concrete

Creating a National Infrastructure Bank and Infrastructure Planning Council

book_alt2 icon Report An infrastructure bank and planning council would better organize spending on infrastructure projects, as well as increase public and private investment in those projects.

Getting America’s Freight Back on the Move

book_alt2 icon Report Keith Miller, Kristina Costa, and Donna Cooper offer recommendations for boosting investment in our economically critical freight infrastructure.