Faculty Notes

Prof. Norman Silber Presents ‘The Allure and Peril of Social Impact Bonds’ at 2014 ARNOVA Conference

Norman I. Silber, Professor of Law

Professor Norman I. Silber delivered a talk and participated on a panel addressing the topic “Nonprofits, Social Enterprises, Law and Public Policy in the United States” at the 43rd Annual Conference of ARNOVA, the Association for Research on Nonprofit Organizations and Voluntary Action.

The topic of the conference, which took place in Denver on Nov. 19-22, was “Evolving Sectoral Relationships: Global & Local Views.”

The abstract for Professor Silber’s presentation, “The Allure and Peril of Social Impact Bonds,” read as follows: “The investment bank Goldman Sachs, supported enthusiastically by a number of big city mayors, governors, and private foundations, has created a financial product that invites investors to bet on the success of nonprofits in solving various urban problems. This presentation will explore the legal risks that adhere to nonprofits undertaking responsibility for meeting the terms of the bonds, and the underlying problems attached to privatizing social investment.”

ARNOVA is the U.S.-based, national and international association that connects scholars, teachers, and practice leaders interested in research on nonprofit organizations, voluntary action, philanthropy and civil society.

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