Social Finance Funding Model for Animal Shelter Programs

Public–Private Partnerships Using Social Impact Bonds

Bibliographic Data

ID12419043
AuthorsJasper Kim (0000-0003-4168-6312, Graduate School of International Studies, Ewha Womans University SeoulKorea, corresponding author)
Year2018
Volume26
Issue3
Pages259-276
Publication date2018-06-12
Open AccessNo
TypeARTICLE
VenueSociety and Animals (JOURNAL)
Journal identifiersISSN: 1063-1119 • E-ISSN: 1568-5306
PublisherBrill (PUBLISHER • NL)
DOI10.1163/15685306-12341521
OpenAlexW2808342285
LanguageEN
References cited11

Funding for animal shelters is often a scarce resource, representing a major challenge affecting many shelter programs in the United States and beyond today. Funding issues and budgetary constraints are often exacerbated by the high rate of animal intake levels relative to adoption rates, the availability of resources to treat medical conditions, and funding for other related programs that may lower euthanasia rates, such as spay and neuter programs. This article proposes an alternative funding option for animal shelter programs using a unique social finance funding model incorporating public-private partnerships and social impact bonds. This social finance model is directly aimed at providing greater funding for animal shelter programs, while also increasing transparency and social impact outcomes. If utilized, the social impact bond model can complement and build upon (but not completely replace) existing funding sources that are critical to saving nonhuman animal lives while benefiting society at large

Bond · Business · Economic growth · Economics · Political science · Private finance initiative · Private sector · Public economics · Public funding · Resource (disambiguation · Transparency (behavior · Community Development and Social Impact · Geriatric Care and Nursing Homes · Nonprofit Sector and Volunteering · Public Administration · Finance

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