Yesterday, United Way of Salt Lake announced that both the preschool intervention and the financing mechanism for the country’s first “Pay for Success” transaction for early childhood education have been successful. The investment deal, in which Goldman Sachs and J.B. Pritzker committed several million dollars, will benefit up to 3,700 children over multiple years and save state and local government millions of additional dollars.
The results from the 2013-14 school year are in!
Out of 595 3- and 4-year-olds attending the preschool program, 110 were identified as likely to need special education services in grade school. After completing the program, only one of those students used special education services in kindergarten.
The 110 students will continue to be monitored through 6th grade, generating further success payments based on the number who avoid use of special education in each year
We need you to help expand high-quality preschool and give all kids the opportunity to stay on track with their peers. Learn more at the link below find out how you can be involved today!
Read recent new stories:
Preschool paying off for Goldman Sachs and Utah kids, according to United Way — Salt Lake Tribune | October 7, 2015
Goldman nets payout as social impact bond project in Utah meets targets — Reuters | October 7, 2015
For Goldman, Success in Social IMpact Bond That Aids Schoolchildren – New York Times | October 7, 2015
Why This Preschool Just Wrote Goldman Sachs a Check — Huffington Post Business | October 8, 2015