Impact Investing
Social Impact Bond: Adolescent Behavioral Learning Experience

Goldman Sachs invested in a “social impact bond” to help fund a program aimed at reducing the recidivism rate for adolescent offenders at the Rikers Island correctional facility in New York City. The initiative – in partnership with the City of New York, Bloomberg Philanthropies and MDRC – was the first transaction of its kind in the US market.

To learn more about the program:

Read the City of New York's Press Release.

Fact Sheet: The NYC ABLE Project for Incarcerated Youth

Learn more about the results of our Rikers social impact bond