ERIC Number: ED606513
Record Type: Non-Journal
Publication Date: 2016
Pages: 3
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
"Billion Dollar Bets" to Create Economic Opportunity for Every American. Executive Summary
Bridgespan Group
This executive summary describes the research that was conducted based on the following question: "How could a philanthropic investment of $1 billion dramatically increase upward social mobility for low-income individuals and families?" The intent of the research was to create a series of roadmaps that illustrate how investments of $1 billion might improve the lifetime earnings of millions of low-income Americans. Researchers began by identifying four promising areas where large investments of private capital would likely catalyze population-level change. 15 concepts for restoring the meritocratic ideal to many more Americans were selected as illustrative "big bets" that span the four investment areas. To get a better understanding of the promise and pitfalls that come with any attempt to take on the social mobility challenge, researchers took a deeper dive into six of the proposed bets. This executive summary lists the six bets and discusses how the bets were evaluated for risk. [For the main report, see ED606509.]
Descriptors: Social Mobility, Economic Opportunities, Private Financial Support, Investment, Low Income Groups, Child Development, Career Development, Crime, Prevention, Pregnancy, Poverty, Social Services, Risk
Bridgespan Group. 535 Boylston Street 10th Floor, Boston, MA 02116. Tel: 617-572-2833; e-mail: contact@bridgespan.org; Web site: http://www.bridgespan.org
Publication Type: Reports - Descriptive
Education Level: Early Childhood Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Bridgespan Group
Grant or Contract Numbers: N/A