The Benevolent Society believes social benefit bonds can transform how social services are delivered in Australia, after its SBB significantly reduced the number of children entering out-of-home care.
Resilient Families – an intensive family support program seeking to keep families together – was delivered by The Benevolent Society under an SBB in partnership with private investors, Commonwealth Bank, Westpac and the New South Wales government.
The five-year bond has now finished, making it the first SBB to reach maturity in Australia.
The program performed well, with 32 per cent fewer children entering out-of-home care compared to a control group of families receiving a “business as usual” approach from the NSW government.
Financially, the SBB delivered capital-protected investors a six per cent return and capital-exposed investors a 10.5 per cent return.
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