Urban Investments
Social Impact Bonds

Goldman Sachs invested approximately $10 million in a “social impact bond” to help fund a program in New York City. The initiative – which Goldman Sachs is in partnership with the City of New York, Bloomberg Philanthropies and MDRC, a social services provider – will finance a program called Adolescent Behavioral Learning Experience (ABLE), aimed at reducing the recidivism rate for adolescent offenders at the Rikers Island correctional facility.

To learn more about the program:

Read the City of New York's Press Release.

Fact Sheet: The NYC ABLE Project for Incarcerated Youth