Why This Preschool Just Wrote Goldman Sachs A Check

Ben Walsh, Huffington Post: Business
Thu, 10/08/2015 - 10:08am

Goldman Sachs is getting a $267,000 check from an unlikely source: a United Way of Salt Lake public preschool program. The payment is the initial return on an $7 million investment the bank, along with the hotel heir and philanthropist J.B. Pritzker, made in 2013. The funding is structured as a loan known as a social impact bond, where private investors put money to public programs with clear, measurable goals.

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Why This Preschool Just Wrote Goldman Sachs A Check

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