News and Insights

Cuyahoga County, Ohio, has selected FrontLine, a local mental health organization, to serve as a service provider for its first Pay for Success project. The County will pioneer an intensive effort to keep homeless families together by using private investor funding. If the project succeeds, the County can save millions in foster care payments over the next five years.

Ed FitzGerald, County Executive, has advocated for Pay for Success in Cuyahoga County since 2011. “I want to transform how human services are provided in Cuyahoga County,” said FitzGerald. “Our Division of

This holiday season, Third Sector was pleased to host two visiting groups interested in learning more about Pay for Success. On December 19th, students from the Center for Sustainable Global Enterprise at Cornell's Johnson Graduate School of Management visited our offices to learn more about impact investing, social impact bonds and Pay for Success. On [...]

The California Endowment Awards Grant for Pay for Success Collaboration Between NCCD & Third Sector Capital Partners

The California Endowment has awarded $250,000 in grant funding to the National Council on Crime and Delinquency (“NCCD”) and Third Sector Capital Partners (“Third Sector”) to lay the groundwork for two innovative outcome-based human services programs to serve California communities. The grant funding provided to the partnership will be used to complete feasibility studies on the viability of utilizing Pay for Success (“PFS”) programs to deliver social services in the areas of juvenile restorative

Third Sector recently participated at the Hong Kong Social Enterprise Summit, which took place from November 28-30, 2013. The government of Hong Kong has established a HK$500 million Social Innovation Fund and invited experts to speak about key impact investing issues. Rick Edwards, Partner at Third Sector, spoke about Pay for Success innovation at two sessions on social innovation and impact. Rick and other participants recommended that the HK government focus the planned Fund on innovative program research and capacity building. For more information on the Summit, please see their

Third Sector was pleased to respond to the U.S. Treasury Department’s Request for Information on strategies to accelerate the testing and adoption of Pay for Success financing models in the United States on December 2nd. President Obama’s 2014 budget included a request for a $300 million appropriation to create an Incentive Fund to help state and local governments implement PFS projects. The Treasury Department sought information to help develop functions and uses for a potential Incentive Fund.

Based on our experience implementing PFS projects, our response outlined our thoughts on how

Third Sector Capital Partners, with support from the Health Trust, has published a case study that documents Santa Clara County’s exploration of a Pay for Success initiative from its origins in community conversations through the County Board of Supervisors’ vote to fund the construction of one or more Pay for Success contracts. In the case study, Third Sector discusses the critical factors that advanced the project and key lessons learned by stakeholders. Click here to view the case study.