Third Sector is re-writing the book on how governments contract social services, by funding programs that work, saving taxpayer dollars, and measurably improving the lives of people most in need.
What is Pay for Success?
Pay for Success (PFS) is an innovative funding model that drives government resources toward social programs that prove effective at providing results to the people who need them most. PFS gives effective service providers access to flexible, reliable resources to tackle critical social problems by tapping private funding to cover up-front costs.
Third Sector's Expertise
Third Sector serves as a trusted advisor that leads governments, service providers, funders, and other stakeholders from the early exploration of Pay for Success through feasibility and project construction and to successful launch. Our team brings extensive public and private sector experience in developing innovative financing and contracting for the social sector.
Pay for Success
Social Innovation Fund – Pay for Success Competition:
Third Sector is holding a competition to select up to 5 government Sub-Recipients to explore the feasibility of using Pay for Success and the new Workforce Innovation and Opportunity Act to improve outcomes for opportunity youth (ages 14-24).
Sub-recipients will receive capacity building dollars and technical assistance to develop a blueprint for the construction of a pay-for-performance project.