Researchers evaluate results of social impact bonds

Image of two children in classroom.
'Pay for success' social impact bonds pay investors when children succeed in school.

Researchers at Utah State University’s Center for Persons with Disabilities are evaluating the results of the first-ever social impact bond designed to finance early childhood.

The High Quality School Readiness Evaluation has two parts: the evaluation of a social impact bond that funds preschool for at-risk children, also known as “pay for success,” and the evaluation of child performance and preschool quality for newly implemented preschool programs.

“The use of social impact bonds is a growing movement,” said Mark Innocenti, director of the CPD’s research and evaluation division. “It’s a way to fund programs for children.”

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CPD by the numbers

The Utah School Readiness Initiative, which is being evaluated by CPD researchers, includes 750 children in the Salt Lake City area.

Family Mentorship Program offers insight to trainees

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Travis, Tracy and Peyton Smith

Tracy and Travis Smith of South Jordan, Utah, are the parents of a daughter, Peyton, age 7. Peyton has Nager Syndrome, a rare craniofacial syndrome. She is considered medically fragile and has a tracheostomy and a feeding tube.

“When my daughter was younger and I couldn’t see a light at the end of the tunnel, I remember telling myself that there had to be good things that would come out of our difficult experiences,” Tracy said. “At the time, I had never heard of URLEND, but when I heard about the program, I remember thinking, this was why--to make it better for the families that come after us by helping to train the people they will be interacting with in the future.”

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URLEND uses state-of-the-art technology to connect trainees across five states.

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