Social Impact bonds are “a new strategy for improving the performance of government programs. In short, private investors — typically foundations — pay the costs of a new program in its early years, and the government later repays the investors, often with a bonus, as long as the program meets its goals. If it fails, taxpayers pay nothing.”
The initial target areas are health care, energy, and education. Why not drowning prevention? If we are going to end drowning we need to raise awareness that drowning is as big an issue as health care and can be solved through educational programs. And then be creative in how we fund those programs.
Or read the full report by the Harvard researcher Jeffrey Liebman.
We can end drowning, one drop of innovation and change at a time.