Description

The last decade has seen a rising interest in impact investing—investing in market-based enterprises to achieve social impact as well as financial returns—and in the related emerging phenomenon of social impact bonds, which combines pay-for-success contracts with novel forms of financing. We will examine the criteria of social impact in the context of both concessionary and non-concessionary investments and will discuss the potential of social impact bonds.

About The Speaker

Paul Brest is Former Dean and Professor Emeritus (active), at Stanford Law School, a lecturer at the Graduate School of Business, and a faculty co-director of the Stanford Center on Philanthropy and Civil Society. He was president of the William and Flora Hewlett Foundation from 2000-2012.

He is co-author of Problem Solving, Decision Making, and Professional Judgment (2010) and Money Well Spent: A Strategic Guide to Smart Philanthropy (2008), and of articles on constitutional law, philanthropy, and impact investing. His current courses include Problem Solving for Public Policy and Social Change, Measuring and Improving Social Impact, and Advanced Topics in Philanthropy and Impact Investing.