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California Policy Forum: Should Californians Welcome Social Impact Bonds?

When: 
Friday, May 10, 2013
11:00am PDT
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Recently, Senator Curren Price introduced legislation that would establish the California Office of Social Innovation and Entrepreneurship. Among other functions, the office would facilitate the use of Social Impact Bonds in the state and create pilot investment projects to promote economic development in areas of high need, connecting the private, public, philanthropic and nonprofit sectors. Join California Philanthropy (Southern California Grantmakers, Northern California Grantmakers and San Diego Grantmakers) and CalNonprofits for a California Policy Forum webinar on recent advancements related to Social Impact Bonds. Participants will interact with three experts from the nonprofit, philanthropic and public sectors:

  • California State Senator Curren Price (D-Los Angeles);
  • Carla Javits, president of REDF, a venture philanthropy organization that has developed a proposal to implement a pay-for-success program in California; and
  • Jon Pratt, executive director of the Minnesota Council of Nonprofits and a national thought leader and speaker on social impact bonds. 

Our dynamic panel, moderated by Jan Masaoka, executive director of CalNonprofits, will share their knowledge and perspectives on this new form of investment to support solutions to challenging social problems.

Speakers:

Carla Javits
President, REDF
Carla Javits is president of REDF, which provides equity-like investments and business assistance to create and grow ‘double bottom line’ enterprises operated by nonprofits that create jobs in order to employ people who face high barriers. The people employed learn and earn, while the nonprofit brings in business income that makes the enterprise sustainable. The social enterprises supported by REDF have generated more than $100 million in revenue, while employing more than 6,500 people, with three quarters of those interviewed still working two years later.
Prior to joining REDF, Javits directed the California expansion of the Corporation for Supportive Housing (CSH) and then became CSH’s national president and chief executive officer, helping to build and transform the field of service-enriched housing which has ended homelessness for tens of thousands of people. She serves on the Boards of Northern California Grantmakers, The Melville Charitable Trust and the Social Enterprise Alliance. She also serves on the Leadership Council of Enterprise Community Partners Northern California and the Advisory Panel for the American Human Development Project, in addition to being a member of the Alliance for Effective Social Investing.
 

Senator Curren Price
California State Assembly, 26th District
After serving one full term in the California State Assembly (2006-2008), Curren Price won a special election in May 2009 to represent the 26th District in the State Senate. He chairs the Business, Professions and Economic Development Committee. In 2006, Senator Price established and chaired the Assembly Select Committee on Procurement, which ensures that small businesses fully participate in state contracting and procurement opportunities. He currently serves on the following standing committees: Appropriations, Banking, Finance and Insurance, Education, and Public Safety. He previously served on Governmental Organizations and Local Government. He also serves on more than 10 Select Committees.
Prior to serving in the California Legislature, Senator Price was a 10-year member of the Inglewood City Council. He has also been a business owner and consultant for domestic and international transactions. Most recently, he received the 2012 Peace Award from the Center for African Peace and Conflict Resolution at California State University, Sacramento. Senator Price studied law at Santa Clara University and graduated with a Juris Doctor degree.
 

John Pratt
Executive Director, Minnesota Council of Nonprofits
Jon Pratt is the executive director of the Minnesota Council of Nonprofits (MCN). He has worked at Minnesota Public Interest Research Group as an attorney and lobbyist, as regional director at the Youth Project, and as director for the Philanthropy Project. In 1982 he was campaign manager for Paul Wellstone candidacy for Minnesota State Auditor.
In 1987 Pratt became director of MCN, an association of 2,000 organizations that sponsors research, training, lobbying and negotiated discounts to strengthen Minnesota's nonprofit sector. He has consulted with nongovernmental organizations on the development of NGO associations and services in Canada, Costa Rica, Czech Republic, Hungary, Poland, Serbia and Turkey. Pratt has a law degree from Antioch School of Law, and a M.P.A. from Harvard University.

Jan Masaoka
Chief Executive Officer, California Association of Nonprofits
Jan Masaoka joined the California Association of Nonprofits as chief executive officer in 2012. A leading writer and thinker on nonprofit organizations--with particular emphasis on boards of directors, business planning, and the role of nonprofits in society--her books include Best of the Board Café, Nonprofit Sustainability and The Nonprofit's Guide to HR. Masaoka founded and edits Blue Avocado magazine.
Previously, she served 14 years as executive director of CompassPoint Nonprofit Services, a national consulting and training firm for nonprofits. In that position she was named the 2003 “Nonprofit Executive of the Year” by The Nonprofit Times. Masaoka is an eight-time designee as one of the "Fifty Most Influential" people in the nonprofit sector. She is an active volunteer and board member in several community initiatives, including current work on the creation of a federal credit union for nonprofits.