By John Grossman and Kevin Tan. Pay for Success (PFS) holds promise. By diverting resources to programs that are measurably successful, the PFS model could move the needle on many seemingly intractable social problems. In the United States, however, PFS is still a niche concept. In the three years since the first PFS contract was [...]
Empowering Service ProvidersWhat We Learned in Cuyahoga County
By Brian Beachkofski and Marcia Chong In the Pay for Success (PFS) model, governments, funders, and nonprofits work together to construct projects that measurably serve our most vulnerable populations. Within this cross-sector mix of stakeholders, local service providers play a critical role. Bringing local expertise to the table, these on-the-ground organizations are responsible for delivering [...]
Why Workforce Development?Third Sector’s Second Round SIF Competition
Pay for Performance (P4P) contracting can be a powerful tool to align limited resources with results. The innovative contracting model has been leveraged across the country to address our most pressing social problems. Third Sector’s first Social Innovation Fund (SIF) Competition is empowering nine governments and organizations to explore the impact of performance-based contracting across [...]
Paying for Success in Permanent Supportive HousingJohn Perovich and Jacob Moy in Shelterforce
Associate John Perovich and Analyst Jake Moy have been featured in Rooflines, the blog of Shelterforce, a publication of the National Housing Institute. Their piece, "Paying for Success in Permanent Supportive Housing" explores how the innovative contracting model can construct effective housing solutions for chronically homeless individuals. "Interest in the PFS model is growing. A [...]
Resources to Results: Washington State Pay for Success Symposium
Pay for Success (PFS) projects call for an ongoing dialogue with multiple community stakeholders. Two PFS feasibility studies, supported through grants from the the Corporation for National and Community Service's Social Innovation Fund, are underway in Washington State: Department of Early Learning and Thrive Washington study, and Health Care Authority study. To begin this dialogue [...]
Pay for Success Readiness and Opportunities for Social Enterprises: Third Sector and Year Up
What impact can Pay for Success contracting have on workforce development?
What opportunities does the new Workforce Innovation and Opportunity Act (WIOA) present for Pay for Success projects?
Earlier this month, Third Sector Capital Partners partnered with Year Up to explore these questions in the kick-off webinar of a series hosted by America Forward, Alternative Staffing Alliance, and SE4Jobs. Our discussion covered the basic stages of Pay for Success contracting, opportunities
Interested? Access a recording of the webinar below. The webinar was presented by Associate Director Christine Johnson.