Social Finance Inc

“In march 2024, social finance inc. Edited governing documents to change the roles and responsibilities of certain officers to best align with current operating structures.”

“The 990 is reviewed by sfi's finance and legal team. It is also reviewed and approved by executive management and the audit & risk committee.”

“An annual conflict of interest policy statement is distributed to officers, directors, and members of any committees with governing board delegated powers for completion. Any conflict will be discussed with the interested person and the governing board before a decision is made as to the existence of a conflict of interest.”

“All officer's and senior leadership's compensation will be approved by a disinterested board of directors after research is performed regarding salaries paid for comparable work in similarly situated organizations and other appropriate salary survey information is considered.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“Impact-First Investments Through its impact-first investing portfolio, SFI develops impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. In May 2023, SF Advisors, LLC, a wholly-owned subsidiary of SFI, became a registered investment advisor and manages impact-first private funds designed to generate positive outcomes for people and communities. In addition, SF Advisors partners with individuals, family offices, and foundations to amplify their impact by directing more capital towards positive social and environmental outcomes. SF Advisors also provides impact-investment advisory services to community foundations, donor advised funds, family offices and similar investors on building impact investing portfolios. Under the Impact-First Investments Portfolio, SFI launched the impact-first fund, an open-end fund of fund developed to address the barriers that impact investors, including philanthropic capital investors like donor-advised funds, community and private foundations and any other PRI-makers face when pursuing innovative funds and investment strategies that support meaningful and measurable change for people and the planet. The Impact First Fund primarily invests in private market funds or pooled debt vehicles with the goal to catalyze positive, measurable environmental and social impact at scale as well as to make impact-first investing easier, more accessible, and more cost efficient.”

“SFI partners with elected officials, policymakers, civic leaders, community members, and service providers to develop government funding tools that link funding to outcomes to maximize the impact of taxpayer dollars. SFI analyzes data to support better decision making and helps actively manage programs for outcomes. SFI establishes collaborative governance strategies to drive improvement and innovation. SFI also strengthens the capacity of government departments to enable more effective and equitable delivery of public service, and it supports partners in designing and executing innovative programs, practices, and partnerships, grounded in Pay for Success ("PFS") principles.”

“The Social Finance Institute is a unique field-building platform that was launched in 2023 within Social Finance. The Social Finance Institute leverages insights from practitioners and experts to develop networks, tools, and actionable resources to advance outcomes-based, impact-first funding models to measurably improve people's lives.”

“Workforce and Education Investments Through its workforce and education investments portfolio, SFI partners with governments, philanthropy and impact investors seeking to deploy funds to address barriers in access to training and upskilling for low-income populations and improve economic mobility. SFI workforce and education impact investments are structured either through equity, debt or other loan financing structures. SFI establishes separate affiliates or subsidiaries for each impact investment financing to hold the various contracts with its impact investors, governments (if applicable), the applicable service or training providers, as well as evaluators and loan or income share agreement originators and servicers. Workforce and education impact investment strategies employed to date”

“Other changes in net assets or fund balances: provision for loan loss -$6,741,760”