Increasingly, charities are looking at using their funds and other resources to contribute to positive social change, as well as to obtain a financial return. But does the law permit them to do so?
social impact bonds
Are charities legally permitted to make impact investments with their funds? Yes, but, getting to "yes" is not straightforward, and depends on the circumstances.
Along with Public Private Partnerships (P3s), Social Impact Bonds are a bit like money laundering because they allow politicians to hide debt.
Social impact bonds dramatically change who is being served by the government: from those who need a helping hand to the shareholders of a bank.