Paying for Success in Permanent Supportive Housing John 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 total of $8.6 million of federal funding has recently been designated for PSH programs leveraging the PFS model. For jurisdictions considering a bid for these funds, the project in Santa Clara County offers several insights …
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 in Washington, Third Sector worked with partners to host an educational convening for interested stakeholders to learn more about PFS. The November 18th event included panels with experts involved in the launched PFS projects in …
Co-President John Grossman Featured in Government Executive
John Grossman, Co-President at Third Sector Capital Partners, Inc., was featured in a Government Executive by Patrick Lester, entitled, “Does Pay for Success Work? Define ‘Success'” “We shouldn’t make the perfect the enemy of the good,” agreed John Grossman, co-president at Third Sector Capital Partners. “The goal is continuous improvement. Success comes in changing the way government and the social sector do business.” Read the full article here.
Third Sector hosts Pay for Success event with Net Impact San Francisco
We opened up our San Francisco office in late October to host an exciting conversation about how Pay for Success (PFS) is impacting our most at-risk populations across the country. The event, “Scaling Social Impact: Pay for Success & Social Impact Bonds”, was co-hosted with the Net Impact San Francisco Professional Chapter. Net Impact is a global community of professional leaders and students creating positive social and environmental change in the workplace and the world. Third Sector has been committed to furthering Net Impact’s mission by participating in chapter and …
Pay For Success Lessons from SOCAP15
Constructing Pay for Success contracts is an inherently cross-sector practice. Each of our projects brings together government, nonprofit, and private stakeholders to address our most pressing social issues. In a sense, the Pay for Success (PFS) model itself is an acknowledgement that no one organization can create effective and sustainable change on their own, without reaching across sector boundaries. The multi-party nature of our work brought us to SOCAP15, a national conference of social impact entrepreneurs and organizations that share our cross-sector approach. At SOCAP15, Third Sector participated in two …
Santa Clara and Hillside Awarded NFF Grants
Nonprofit Finance Fund (NFF) has announced two of our partners, Santa Clara County and Hillside Family of Agencies, have been selected as grant recipients through the federal Social Innovation Fund (SIF) Pay for Success initiative. Santa Clara County has been awarded the SIF grant to launch a Pay for Success project serving individuals with acute mental illness. The selected service provider, Telecare Corporation, will focus on clients who have frequent stays in psychiatric emergency care, and ensure these patients are stabilized in less restrictive, community-based environments. The SIF grant supports …
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 social enterprises can fit into performance-based contracting, and how Pay for Success can be applied within the workforce development space. Interested? Access a recording of the webinar below. The webinar was presented by Associate …
Co-President Caroline Whistler to Present at SOCAP15, Oct. 7-8th
What impact has PFS had on the United States social sector? As the model gains traction, what can PFS achieve in the future? Next week, TSCP Co-President and Co-Founder Caroline Whistler will be tackling these questions at SOCAP15, an annual conference of leading impact investors, social entrepreneurs, and cross-sector practitioners. On October 6th and 7th, Caroline will be presenting the PFS model, its development, and its ability to more efficiently drive government resources toward more effective social services. You can catch Caroline at SOCAP15 in San Francisco at: Social Sector Transformation through Pay for …
Santa Clara County Selects Telecare Corporation for Innovative “Pay for Success” Project
The Santa Clara County Board of Supervisors approved the selection of Telecare Corporation as the service provider for a Pay for Success project to improve stability and wellness of some of the County’s most severely mentally ill individuals through intensive outpatient treatment, case management, and supportive services. “Improving the stability and wellness of members of our community who suffer from acute mental illness is a high priority for the County,” said President Dave Cortese, County of Santa Clara. “We are hopeful that through this project, we’ll be able to offer …
Nonprofit Finance Fund Publishes PFS Blog Posts from Third Sector, Project Partners
Nonprofit Finance Fund has published blog posts interviewing Third Sector and its project partners in Salt Lake County and Illinois about their experiences developing PFS projects in both jurisdictions. Titled “Voices from PFS Pioneers”, both projects explain the genesis of project development, unique challenges, and innovations developed through project construction. Third Sector is working with the State of Illinois and Conscience Community Network on the Illinois Dually-Involved Youth Project, which seeks to improve outcomes for youth involved in both the foster care and juvenile justice systems. Third Sector is also …
Hillside Family of Agencies Publishes Juvenile Justice PFS Case Study with Third Sector
The Alliance for Children and Families launched Disruptive Forces in Action to showcase the innovative ways its members and others in the sector are harnessing the six forces introduced in its 2011 report, Disruptive Forces: Driving a Human Services Revolution. In its case study of Attracting Investors, Not Donors, Alliance member Hillside Family of Agencies and issue expert Third Sector Capital Partners, Inc. discuss Pay for Success, an emerging funding model that unites nonprofits, government, and philanthropic and corporate investors around achieving a social return on investment. Hillside has partnered with Third …
CommonWealth Magazine Features Interview with Third Sector
Third Sector Co-President & General Counsel, John Grossman, is interviewed by CommonWealth Magazine on the promise of Pay for Success and the Massachusetts Juvenile Justice Initiative. Man in the middle: John Grossman brings government, providers, and money together for pay-for-success projects “JOHN GROSSMAN calls himself an intermediary. It’s an unusual job description, but it’s one that captures what he does putting together complex deals that leverage money from the private sector to fund social service work for government. Grossman is the man in the middle, trying to address social ills by …
Third Sector Works with City of Boston to Release RFI on Pay for Success, Educational Outcomes
Mayor Martin Walsh announced on Monday an effort to identify ways to improve post-high school graduation outcomes for Boston Public Schools’ students. The City has worked with Third Sector to release a Request for Information (RFI) to identify effective programs and services that will increase access to higher education and training and would be funded through a Pay for Success model. The Office of the Chief of Education, along with the Boston Public Schools, have put forth efforts to improve outcomes for youth, including the High School Redesign effort and Success …
Third Sector Capital Partners Featured in Grantee Spotlight from the Social Innovation Fund
It’s graduation season, which means people across the country are thinking about entering the job market. Third Sector Capital Partners, a grantee of the Social Innovation Fund’s Pay for Success program, is currently working to improve employment outcomes for urban young adults by working with Year Up, a Boston-based organization that seeks to improve employment outcomes for urban young adults. Year Up’s Professional Training Corps (PTC) model is an intensive one-year program for 18-to-24-year-olds who are disconnected from both school and work. In 14 locations nationwide, Corps participants spend six months …
Third Sector Named 2015 Game Changer by the Boston Globe Magazine
Third Sector was named a 2015 Game Changer by the Boston Globe Magazine in this week’s issue, which featured CEO and Co-Founder George Overholser’s bet “that data will help make a difference solving some of the most intractable social problems, from juvenile delinquency to homelessness.” The article also cites Third Sector’s work on the Massachusetts Juvenile Justice PFS Initiative, where Roca, Inc. is working with over 900 young men in Boston, Chelsea and Springfield in order to reduce the days they spend in jail and increase their employment opportunities.
Third Sector Authors Blog Post for Harvard Law and Policy Revew
John Grossman, Co-President and General Counsel, and Marcia Chong, Senior Analyst, have authored a blog post for the Harvard Law and Policy Review. Pay for Success: Pay for Success Calls for Innovation in Non-Profit, Contract and Securities Law focuses on how innovative thinking in nonprofit and tax law, government contracting, and securities law will be needed to support the growth of the PFS field. Both John and Marcia have been intimately involved in developing the PFS contracts and other legal agreements for the Massachusetts Juvenile Justice Initiative and the Cuyahoga County …
Feasibility Report on Restorative Community Conferencing Finds Impact and Potential to Scale
In December 2013, The California Endowment funded the National Council on Crime and Delinquency (NCCD) and Third Sector Capital Partners, Inc. (Third Sector) to conduct a feasibility study on restorative community conferencing (RCC) to better understand its potential to be used in a Pay for Success (PFS) project. RCC shows promise as an intervention that could be scaled through PFS given its preventive focus and the promising initial outcomes of youth served through RCC. NCCD and Third Sector focused their feasibility analysis on Alameda County, California, where the Community Works …
Salt Lake County Launches Request for Proposals for Criminal Justice, Child/Maternal Health PFS Projects
The Salt Lake County Pay for Success Initiative has released two Requests for Proposals from qualified non-profits to provide comprehensive services that can improve criminal and other relevant outcomes for high-need populations. The two proposals are focused on criminal justice/recidivism and child/maternal health. Since 2014, the County has been working to assess the viability of implementing Pay for Success projects in the County. In January, Mayor Ben McAdams announced the selection of three issue areas to move forward with Pay for Success contracting: child/maternal health, criminal justice recidivism, and homelessness. …
Santa Clara County Launches Request for Proposals for Mental Health PFS Project
Santa Clara County just launched a Request for Proposals for its Acute Mental Health: Frequent Users Care Coordination Pay for Success Project. The selected agency will enter into a Pay for Success (PFS) contract with the County, under which the County only pays for services if and when successful results are achieved. This PFS initiative is the first in the U.S. to target mental health and the second PFS project in the County and in California, positioning the County at the forefront of the national movement towards performance-based contracting for …
Third Sector Receives $1.9 Million PFS Grant From the Social Innovation Fund
Funding will support competition to develop the capacity of state and local governments to engage in Pay for Success contracts The Corporation for National and Community Service’s (CNCS) Social Innovation Fund (SIF) today announced a $1.9 million grant award to Third Sector Capital Partners, Inc. to accelerate the Pay for Success field. Third Sector will use the funding to hold an open competition for state and local governments to receive Pay for Success (PFS) technical advisory services. “We are honored to receive SIF funding to continue to drive America’s investment …