The Benevolent Society Social Benefit Bond

Brief description

The Benevolent Society Social Benefit Bond was jointly developed by the government in partnership with The Benevolent Society, the Commonwealth Bank of Australia and Westpac Institutional Bank.

The bond is funding The Benevolent Society’s Resilient Families service which is an intensive, therapeutic program that helps families deal with issues such as domestic violence and substance misuse, mental health, and unstable housing and aims to improve family functioning and relationships. The Benevolent Society has a successful track record in working with vulnerable children in NSW.

The $10 million bond began operating in October 2013. Over the five year term of the bond, The Benevolent Society expects to deliver Resilient Families to up to 400 at-risk families in Sydney’s south west, inner west and inner city.