News and Insights

Third Sector Capital Partners, Inc. (Third Sector) Board of Directors formally announced today new roles for co-founders Caroline Whistler and George Overholser.

Beginning March 15, 2017, Caroline Whistler will be promoted to President and Chief Executive Officer (CEO), and George Overholser will transition from his current role as CEO to Board Chair.

Whistler and Overholser, along with Third Sector board member Drew von Glahn, established the organization in 2011 to accelerate America’s transition to a performance-driven social sector. As leading innovators and implementers in the field of outcomes-based social policy, Third Sector

Rauner Administration Moves to Improve Outcomes for Dually-Involved Youth 

Pay for Success initiative aims to reduce stays in institutional care, prevent repeat criminal behavior

CHICAGO – Governor Bruce Rauner and Illinois Department of Children and Family Services (DCFS) Director George Sheldon today announced the next step to improving outcomes for youth who are involved in both the child welfare and juvenile justice systems through a first-of-its-kind pay for success initiative.

“Many youth in the juvenile justice system have endured a breakdown in their families,” said Governor Rauner. “This project

By Celeste Richie

Along with other critical support services, the Workforce Innovation and Opportunity Act (WIOA) and its embedded Pay-for-Performance (P4P) provisions are critical to advancing performance-based contracting and improving long-term outcomes for those served by the workforce system. Despite the appetite for a better life for all individuals, many workforce programs today are unable to deliver similar high-quality results across all of their participants. Recent analysis has demonstrated the need to increase equity of outcomes, not just increased access to services, and WIOA P4P could be an active tool in

Largest federal Pay for Success Round 2 grant will establish “Performance Hubs” and tools for communities to embed data analytics into service delivery programs for child welfare, homelessness, and juvenile justice services.

Third Sector is pleased to announce that it has received a $2.4 million federal grant from the Social Innovation Fund, a program of the Corporation for National and Community Service, to create a tech-enabled ecosystem of high-quality data for service providers and develop the pipeline of “Pay for Success (PFS)-ready” governments. The project is also funded by a $2.6

White House Features New Social Innovation Award

The Stanford Center on Poverty and Inequality launched today a new $3 million partnership with Third Sector Capital Partners, the Social Innovation Fund, the Ballmer Group, and the White House Office of Social Innovation to build an administrative-data framework for measuring and evaluating the success of social service programs designed to reduce poverty and inequality.

A $1.5 million grant was awarded by the Social Innovation Fund (SIF), a program of the Corporation for National and Community Service, after a rigorous nationwide competition. The SIF funds

By Nadia Ahmed and Melissa Penney

From September 7th to 9th, Third Sector joined other grantees for the Social Innovation Fund (SIF) Convening hosted by the Corporation for National & Community Service in Washington, DC. The event gathered government leaders, funders, service providers, and consultants to share their successes and lessons learned in implementing and expanding evidence-based services. The theme of this year’s convening was Risk, Agility, and Resilience, reflected in the many conference sessions on field disruption, course correction, and scaling change.

Throughout the convening, themes of equity and engagement drove