EIN 27-4620963

Social Finance

IRS 501(c) type
501(c)(3)
Num. employees
130
City
Year formed
2011
Most recent tax filings
2022-12-01
Description
We believe that everyone deserves the opportunity to thrive, and that social impact financing can play a catalytic role in creating these opportunities.
Total revenues
$73,403,817
2022
Total expenses
$23,292,911
2022
Total assets
$153,587,163
2022
Num. employees
130
2022

Program areas at Social Finance

Impact investing services - through its impact investing portfolio, sfi develops and manages impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. As an intermediary, sfi works in collaboration with its partners to design, launch, and manage impact investment projects. Its partners include federal, state and local governments seeking to deploy public funds to address long-standing Social issues, with a focus on outcomes, and, in some cases, by leveraging private impact investment funds. Sfi also works with direct service providers which work with communities and people to improve life outcomes, as well as workforce training providers in a variety of fields. Sfi engages impact investors seeking improved Social outcomes through their investments. Sfi also analyses program data, often working with external evaluators with specific expertise. Increasingly, sfi works with loan or income share agreement originators and servicers which are active in consumer lending. Sfi's impact investments are structured either through equity or loan financing structures. It establishes separate affiliates or subsidiaries for each impact investment financing to enter into the various contracts with its impact investors, governments (if applicable), the applicable service or training providers, as well as evaluators and loan or income share agreement originators and servicers. Three impact investment strategies employed to date include: . Social impact bonds ("sibs"), which enable governments to achieve results for communities by partnering with investors and service providers to tackle particular Social challenges. Government only pays once a program achieves outcomes that benefit service recipients and generate public value. Sibs transfer risk of non-performance from the public to the private sector and align project partners on the achievement of meaningful impact. . Career impact bonds ("cibs"), a distinct contracting structure based on deferred tuition agreements like income share agreements or outcomes based loans in which impact investors' funds cover upfront program costs and critical wraparound support services for low income, under skilled, or under employed students in order to advance their economic mobility. Unlike traditional student or consumer loans, deferred tuition agreements under the cib programs link repayment to outcomes: students repay program costs as a percentage of their income, or as a fixed dollar amount, only once they gain meaningful employment after graduation and achieve the designated income threshold. In some instances, repayment is made by employers of graduating students upon achievement of retention or other thresholds. . Dreamers graduate education loan fund, a unique impact fund which supports graduate educational loans for dreamers (undocumented immigrant youth who came to this country at a young age) to attend graduate school to achieve their professional goals. The fund provides graduate education funding at terms comparable to government student loan programs for dreamers, who do not have access to these traditional educational loans. Each impact investment team remains engaged in an impact investment project once it is launched through an ongoing project management and active performance management role to support achievement of the project's goals and outcomes. Achievement of the project's goals and outcomes.
Market education - sfi works to build the pfs field through research and publications that synthesize sfi's learnings in its impact investment and advisory work. Through key market education efforts, including white papers, op-eds and blog posts, speaking opportunities, and media engagements, sfi contributes to the advancement of evidence-based policy, effective philanthropy, and impact investing.
Impact advisory servives-public sector practice - sfi partners with elected officials, policymakers, civic leaders, community members, and service providers to develop government funding tools that link funding to outcomes to maximize the impact of taxpayer dollars. Sfi analyzes data to support better decision making and helps actively manage programs for outcomes. We establish collaborative governance strategies to drive improvement and innovation. Sfi also strengthens the capacity of government departments to enable more effective and equitable delivery of public service, and it supports partners in designing and executing innovative programs, practices, and partnerships, grounded in pay for success principles.

Grants made by Social Finance

GranteeGrant descriptionAmount
Per ScholasSupport Sfi in Its Work To Expand the Availability of Certificate and Other Training Programs for Low-Income People in Diverse Us Geographies.$506,000
ChooseuSupport Sfi in Its Work To Expand the Availability of Certificate and Other Training Programs for Low-Income People in Diverse Us Geographies.$190,000
Merit AmericaSupport Sfi in Its Work To Expand the Availability of Certificate and Other Training Programs for Low-Income People in Diverse Us Geographies.$115,000
...and 8 more grants made

Who funds Social Finance

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Boston Foundation (TBF)Operating Support/annual Fund$4,510,000
Blue Meridian PartnersTo Support Education Investments$3,060,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,376,000
...and 27 more grants received totalling $22,019,617

Personnel at Social Finance

NameTitleCompensation
Tracy PalandjianChief Executive Officer and Founder / President and Chief Executive Officer / President , Director and Chief Executive Officer$521,137
John WoodsChief Financial Officer$123,921
Emily FriedmanChief Administration Officer$266,483
Teresa Anne Knickman PlancherVice President , Partnerships and Strategy / Vice President , Staff and Strategy$198,207
Andrew C ChenVice President , Impact Investments$201,230
...and 14 more key personnel

Financials for Social Finance

RevenuesFYE 12/2022
Total grants, contributions, etc.$65,663,400
Program services$7,594,640
Investment income and dividends$1,415,925
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,291,598
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$21,450
Total revenues$73,403,817

Form 990s for Social Finance

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-02-24990View PDF
2018-122020-01-03990View PDF
...and 7 more Form 990s
Data update history
July 13, 2024
Received grants
Identified 14 new grant, including a grant for $4,510,000 from The Boston Foundation (TBF)
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 1 new personnel
January 1, 2024
Used new vendors
Identified 4 new vendors, including , , , and
December 24, 2023
Received grants
Identified 8 new grant, including a grant for $3,060,000 from Blue Meridian Partners
Nonprofit Types
Grantmaking organizationsHuman service organizationsCharities
Issues
Human services
Characteristics
Political advocacyLobbyingOperates internationallyNational levelTax deductible donationsAccepts online donations
General information
Address
2 Atlantic Ave 5th Floor
Boston, MA 02110
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
socialfinance.org/ 
Phone
(617) 939-9900
Facebook page
socialfinanceUS 
Twitter profile
@socialfinanceus 
IRS details
EIN
27-4620963
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P12: Human Services Fund Raising and Fund Distribution
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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