Third Sector Launches Pay for Success Competition Focused on Youth Workforce Development

Third Sector Capital Partners, Inc. (Third Sector), a nonprofit advisory services firm that is leading the development of Pay for Success projects across the U.S., has launched a national competition to support government projects in the area of youth workforce development. The competition is being funded by a grant from the Social Innovation Fund (SIF), [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 Third