Paying for success: The story of how Utah became a leader in social impact investing

Mounting evidence points to an increasing disparity in the educational achievements of those children who attend and complete pre-school, and those who do not. The Home Instruction for Parents of Preschool Youngsters (HIPPY) program is a national home visiting initiative for low-income families that is working to bridge the gap. They provide learning curriculum, guidance, and parenting support for disadvantaged families in their homes, so that their children can be equally prepared to succeed in school.

Too often socially useful businesses end up failing because they get ahead of themselves and end up not being profitable. Companies now can select from an 'opportunity map' of ventures that serve the poorest individuals, and are more likely to be profitable and sustainable.

Since Upstart launched in rural Utah in 2009, 30,000 children have completed the online personalized preschool alternative from their homes. Upstart provides participating families with computers and internet access in addition to planned group gatherings intended to simultaneously encourage students' socio-emotional development. Following Utah's success with the program, an additional seven states are now piloting the model.

In 2004, the Media Initiative set out to develop a trauma-informed curriculum for preschoolers in Northern Ireland. Using puppets, cartoons, and professional development, the social-emotional lessons have empowered students to better address conflict and communicate more effectively with each other. A Boston-based teacher education program is one of many who travel to Ireland to observe the program in action each year.

A collaborative funding organization called the Runway Project gives loans to primarily Black entrepreneurs in the Oakland area. The initiative aims to address racial disparities in startup capital by reducing the financial risk of starting a business. The program also includes personalized support as a "wrap around" approach to the lending process.

A number of barriers prevent young children in Appalachia from enrolling in formal preschool classes. In response, a fleet of buses is traveling to remote communities to teach students academic and social skills.

Black banks have been held up by leaders and celebrities in the community as a way to end Black poverty. Previous efforts have been made in the 1960s when Black banks gave loans to community members after being denied home loans from white banks. But those loans lost money when housing values declined as a result of redlining policies that damaged public schools. Black banking therefore was not the answer to ending Black poverty and bridging the gap between white and black wealth. One law professor believes the answer lies in public banking which is funded by tax revenue and acts as a public utility.

Online kindergarten readiness certificate programs in several states are offering low-income families, without reliable preschool programs, an alternative to expensive private care centers. Acknowledging criticism of the model, a North Carolina State Representative noted, “We simply don’t have the money to provide a quality pre-K experience to every child in North Carolina, even though I absolutely agree that a face-to-face, high-quality pre-K is the best option. But when it’s not an option for the child, I refuse to ignore that child.”

Sesame Workshop and the International Rescue Committee created a special show for displaced Syrian children conducted entirely in Arabic. The show teaches children lessons like counting and the alphabet, but it also teaches them emotional coping skills, which is very important for refugee children. The show is accompanied by trained early childhood development facilitators who visit homes and interact with the children playing games or reading books.

The Mary Lyon School is a “full-inclusion school” designed to give students — especially those with special needs, including emotional and behavioral disabilities — the necessary resources and supports to see positive outcomes with their education. The Mary Lyon School uses community-based approaches and philosophies rooted in inclusion to stay connected with students and their families to help guide them toward their graduation day.