In the News

Pay-For-Success is working in Utah

Author: Jeff Edmondson, Bill Crim, & Allen Grossman | October 27, 2015
In August 2013, key stakeholders in a collective impact partnership in Utah entered into one of America’s first pay-for-success (PFS) contracts, otherwise known as a social impact bond (SIB). The plan called for United Way of Salt Lake to work with area partners to expand high quality preschool opportunities in high-need communities, and for Goldman Sachs and J.B. Pritzker to provide $7 million in up-front funding to pay for the program.

KBYU Community Connection: 2-1-1

Author: KBYU Community Connection | October 23, 2015
KBYU Eleven's Community Connection is an original series that features non-profit organizations throughout the state of Utah. In this episode, a representative from the 2-1-1 line talks about what they provide.

KBYU Community Connection: 2-1-1

Author: KBYU Community Connection | October 23, 2015
KBYU Eleven's Community Connection is an original series that features non-profit organizations throughout the state of Utah. In this episode, a representative from the 2-1-1 line talks about what they provide.

Goldman Sachs paid to expand pre-K in Utah. It worked.

Author: Libby Nelson | October 19, 2015
There's something for just about everyone to feel good about in Salt Lake's pre-kindergarten program. The state, with money from Goldman Sachs, expanded the program to serve more children from low-income families. In the end, Utah saved money, investors made money, and nearly every student who participated ended up not needing special education in kindergarten.

Op-ed: Utah’s Pay for Success is a model ready for federal funding

Author: By Orrin Hatch and Kem Gardner | October 10, 2015
As a pioneer in Pay-for-Success approaches to policy challenges, Utah has engineered innovative programs to save taxpayer money and facilitate public-private partnerships. Following the principles of results-based financing, our state has even developed the world's very first Pay-for-Success initiative to fund early childhood education.

The success of a $4.6 million social impact bond in Utah shows that the relatively new form of financing solutions to social problems can work, according to Goldman Sachs and other stakeholders.

Author: Liz Farmer | October 9, 2015
Nothing talks like money does and this week, the financiers of a Utah preschool program became the first Social Impact Bond (SIB) investors to see a return on their investment. The United Way of Salt Lake announced it had cut a check for $267,000 to investment bankers who funded public-preschool expansion in Utah.

Goldman Sachs Social Impact Bond pays off in Utah

Author: Richard Williamson | October 9, 2015
The success of a $4.6 million social impact bond in Utah shows that the relatively new form of financing solutions to social problems can work, according to Goldman Sachs and other stakeholders.

Utah preschool program yields first 'Pay for Success' payout

Author: The Chronicle of Philanthropy | October 8, 2015
Goldman Sachs will reap financial gains for funding a Utah program that showed positive results in keeping kids out of special education. It is the first time a U.S. social-impact bond has paid off for the investor, The New York Times writes.

Why this preschool just wrote Goldman Sachs a check

Author: Ben Walsh | October 8, 2015
Goldman Sachs is getting a $267,000 check from an unlikely source: a United Way of Salt Lake public preschool program.

Preschool paying off for Goldman Sachs and Utah kids, according to United Way

Author: Benjamin Wood | October 7, 2015
Enrolling in high-quality preschool programs helps children enter kindergarten prepared to learn — and you can take that to the bank. That's the message from the United Way of Salt Lake, which announced Wednesday that a check for $267,000 had been cut for investment bankers who funded public-preschool expansion in Utah.

For Goldman, Success in Social Impact Bond that aids schoolchildren

Author: Nathaniel Popper | October 7, 2015
Financial results at Goldman Sachs are going to look a little bit better this quarter because of the educational success of 100 or so kindergarten pupils in Utah.

Goldman nets payout as social impact bond project in Utah meets targets

Author: Olivia Oran | October 7, 2015
Goldman Sachs Group Inc and its investment partner will be paid $267,000 for helping to fund a philanthropic program that reduced the number of children needing special education services after preschool.

Harvard study highlights business, education 'game changer'

Author: Nick Morrison | September 28, 2015
A new study by Harvard academics shows how business helps itself by helping disadvantaged students.

KSL covers Harvard Business School's report on Collective Impact

Author: KSL 5 News at 6 | September 28, 2015
The Harvard Business School issued a report today that highlights Salt Lake City and the United Way for their effective approach to community problems.

Harvard report: SLC becoming 'poster child' for collaborative student support

Author: Morgan Jacobsen | September 28, 2015
Getting students to read proficiently, do well at math and graduate from high school takes more than 180 days a year of sitting in a classroom, especially for children of low-income families. But helping students be successful can require even more than what parents and teachers alone can provide, giving evidence to the notion that it takes a village to raise a child.

Camp K benefits from Utah's Day of Caring

Author: Good4Utah | September 11, 2015
Four and half thousand volunteers. Five hundred thousand dollars worth of work. One day. The United Way's Day of Caring in Utah was a huge success on Thursday. One example of the incredible volunteer effort was found up at Camp Kostopulos in Emigration Canyon.

Thousands of Utahns volunteer for ‘Day of Caring’

Author: Salt Lake Tribune | September 10, 2015
On the United Way of Salt Lake's Day of Caring Thursday, more than 4,500 volunteers from 120 local companies worked on 110 service projects. Together, the UWSL estimated, they completed nearly 18,000 hours of volunteer service.

Bill Crim: Caring for Our Community

Author: Julie Roberts | September 10, 2015
Bill Crim was named the president and CEO of United Way of Salt Lake (UWSL) just this May, but he has been involved with the organization and with the nonprofit world in general for years. Crim has helped UWSL transform itself from simply a fundraising operation to one of Salt Lake’s most influential nonprofit organizations—one that is focused on creating large-scale change in the community.

Thousands volunteer for United Way's 'Day of Caring' across Utah

Author: JEREMY HARRIS | September 10, 2015
Volunteers across Utah participated Thursday morning in the United Way's Annual 'Day of Caring."

Thousands volunteer for United Way's 'Day of Caring' across Utah

Author: JEREMY HARRIS | September 10, 2015
Volunteers across Utah participated Thursday morning in the United Way's Annual 'Day of Caring."

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