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Sky Footwear: Sparking Encouragement and Hope for the Homeless

Keaton Hendricks, a 23-year old business student, took a class assignment of coming up with a Shark Tank inspired pitch and created a business that not only makes money, but helps those in need. Sky Footwear is a for-profit company that sells socks in a buy-one-donate-one process, with every donated pair of socks going directly to local homeless shelters.
Hendricks paired the growing trend in sock fashion—you see everyone from professional athletes to powerful ...
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The World’s First Social Impact Bond: Success or Failure?

Despite all the criticism, negativity and reports of failure, the Peterborough social impact bond may prove to be a disrupter in the way we fund social services and invest in impact. Plenty has been written and said about the Peterborough prison social impact bond, so there is no need to go into detail here.
Why is this program unique? This deal represents the first social impact bond in the world, one designed to leverage ...
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How Can We Make Pay-for-Success Useful?

It is very easy to look at pay for success as the next great innovation in public service. It’s also easy to look at it as the next great weapon of Wall Street greed. That’s the problem. There are still far too many unknowns about the real potential of these projects, and it is far too easy to write off early failures as proof that these concepts will never work. And while the concept is ...
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