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At Third Sector, we work where “money meets the people.” We build data-informed feedback loops to tie government funding to the achievement of measurable social outcomes. Any program that can incentivize the achievement of real progress on social issues gets us excited, and the recent Opportunity Zone legislation has just that promise. Opportunity Zones are [...]

As discussed in our first blog, the Pay for Success (PFS) field is evolving from initial Social Impact Bond-style projects launched by governments and supported by third-party (i.e., non-government) funding to agency and multi-agency engagements that shift the practice of how existing public funding streams are deployed for specific social programs. Across these projects, traditional cost-reimbursement service contracts are being amended or replaced to align funding, policy, data, and services together to the ultimate goal of achieving outcomes for our nation’s most vulnerable populations.

The Pay For Success (PFS) field is evolving from initial Social Impact Bond-style projects launched by governments and supported by third-party (i.e., non-government) funding to agency and multi-agency engagements that shift the practice of how existing public funding streams are deployed for specific social programs. Across these projects, traditional cost reimbursement service contracts are being amended or replaced with outcomes-oriented contracts.