Newpin Queensland Social Benefit Bond
Organisation
The Newpin Queensland Social Benefit Bond aims to safely reunify children in out-of-home care with their family through the Newpin Program. The Program will be run by Uniting Care Queensland, one of Australia’s largest community service providers.
Financial Return
Overall investor returns are expected to be 7.5% per annum.
Social Return
It is expected that around 200 parents with 560 children will be referred to the Newpin Program over 5 years, with an estimate 230 children reunited with their parent(s). It is estimated that around 2.5x more children will be reunited with their families than would occur in the absence of the Program.
Issuing organisation
- Queensland Government
Intermediary
- Social Ventures Australia
Size
- $6,000,000
Minimum Investment
- $50,000
Investment Type
- Debt
Investor Type
- Sophisticated Only
Term
- 7.25 years
Impact Focus
- Community, Indigenous
Location
- Queensland