What would you do if you had a billion dollars to invest in making the biggest improvement in US social mobility, especially for those in the bottom economic quintile?
The submission deadline has passed. Thank you to everyone who submitted ideas.
Public officials and private philanthropists have invested hundreds of billions of dollars trying to improve social mobility for the low-income populations in the US to only incremental effect. And, despite knowing much more about what it takes to progress toward a middle class life, only a limited share of public and private resources have shifted to support evidence-based practice and funding for outcomes.
“How could a philanthropist make the biggest improvement on social mobility with a gift of $1 billion?”
As researchers and advisers in the sector, The Bridgespan Group is seeking ways to break through the log jam and put forward approaches that can make a substantive difference in addressing entrenched poverty. To do so, we are leading a six-month project with the help of Bridgespan Fellow Jim Shelton to answer the following question: “How could a philanthropist make the biggest improvement on social mobility with a gift of $1 billion?” We realize that $1 billion is relatively small in the face of the challenge—and that most philanthropic big bets are orders of magnitude smaller than $1 billion. Yet, we believe this thought exercise can be of use to members of the philanthropic community, as it allows us to share a general framework and a set of actionable investments for changing social mobility outcomes in the United States.
In addition, our research project will:
- Draw from and point to extensive bodies of research on conditions and individual milestones for achieving social mobility, such as the Social Genome Model—and programs and policies to enable them, and
- Engage expert thinkers and leaders in identifying potential big bets and creating concepts.
At the end of the project, we will be publishing a point of view on how philanthropists may identify investments, with three to five illustrative $1 billion bets that emerge from that framework.
We recognize that we join countless others, including experts, field practitioners, policymakers, and philanthropists, in grappling with this issue.
As part of our research, we are asking practitioners, advocates, and funders to submit two-page documents to BillionDollarBet@bridgespan.org that lay out responses to the question, “How could a philanthropist make the biggest improvement in social mobility with a gift of $1 billion?”
We encourage suggestions of all types—innovative, creative, and catalytic—that outline concrete and practical actions to be pursued via a $1 billion investment. Specifically, we are encouraging participants to think through two important areas:
- Investments that would lead to significant improvements in upward mobility for low-income individuals and families in the United States
- The unique role that philanthropy can play (e.g., flexibility of capital versus public funding, freedom from current political gridlock, ability to be invest in activities with differing levels of evidence, expanded capacity for performance measurement, and opportunity to invest in things not otherwise invested in, etc.).
Outlined below are some of the types of questions to consider exploring as you think about bets.
Request for concept papers
We will include the full set of concepts submitted in prioritizing three to five to develop in greater detail. We also aim to publish a subset of submissions, and have begun conversations with several outlets including Forbes.com, HBR.org, and NPR. We hope that this will serve as a way to add to and reflect the range of deep and passionate conversations on ways to tackle the challenges of inter-generational poverty and spur greater social mobility for low-income populations in the United States.
2-page essay prompt: “How could a philanthropist make the biggest improvement on social mobility with a gift of $1 billion?”
Deadline: Please submit all entries to BillionDollarBet@bridgespan.org by Wednesday, July 1, 2015.
Disclaimer: Please note that this is NOT a grant competition. We are seeking ideas to support broader knowledge across the field and to spur healthy dialogue. Please do not submit grant applications, prospectus, etc. that are not tailored to the discussion prompt.
Authors who submit ideas for this process acknowledge and agree that they own all worldwide rights, including copyrights and other proprietary rights, for the submissions and that they have the authority to grant use of these ideas and related materials to The Bridgespan Group. The author also grants Bridgespan a permanent, world-wide royalty-free license to use, modify, publish, or distribute any submissions prepared under this agreement in any way.
Bridgespan retains the right to publish only a subset of submissions at its choosing.
Both Bridgespan and the author agree to acknowledge each other’s contributions to the submissions provided, when citing them to outside audiences.
Example: One approach to answering the prompt
|Key areas||Potential components/questions to address|
|Scope of investment||
|Rationale for philanthropic investment||
|Reason to believe this bet will be different||
|Chance of success||