. Author manuscript; available in PMC: 2016 Nov 21.

Published in final edited form as: J Benefit Cost Anal. 2015 Dec 29;6(3):628–653. doi: 10.1017/bca.2015.54

Table 3.

Description of three social impact borrowing initiatives 2011–2014

Borrowing initiative	NYC Rikers Island ABLE intervention	Utah High Quality preschool program	Chicago Child-Parent Centers
Service area	Recidivism	Early childhood	Early childhood
Projected number served	12, 320 incarcerated teens	3,500 children	2,620 children
Amount invested	$9.2 million	$7 million	$16.9 million
Investors	Goldman Sachs	Goldman Sachs, Pritzker Foundation	Goldman Sachs, Northern Trust Pritzker Foundation
Intermediary	MDRC	United Way of Salt Lake City	IFF and Metropolitan Family Services
Risk-sharing arrangements among private investors	Bloomberg Philanthropies contributes additional $7.2 million grant to guarantee payments to Goldman Sachs	Pritzker Foundation is subordinate lender.	Pritzker Foundation is subordinate lender
Success payments	For each day of jail prevented within 2 years of release. For each participant served.	For each high-risk child not assigned to special education in each year K-6^th grade.	For each child not placed in special education each year K-12^th grade. For each child deemed ready for kindergarten. For each child achieving proficiency in reading in third grade.
Payback window	2 years	7 or 8 years	13 years
Comparison group	Similar inmates released before program was started	None	For special education payment only: children without preschool participation in matched Chicago public school sites.
Results as of 2015	Terminated due to first-year results showing no reduction in jail days for treatment group.	First year results triggered success payments. Out of 110 students predicted to need special education, 109 avoided placement in kindergarten.	Not available.