PFS Enabling Legislation
PFS Feasibility Study
Institutional Review Board (IRB)
Notice of Funding Availability (NOFA)
Pay for Success (PFS)
Randomized Control Trial (RCT)
Request for Information (RFI)
Request for Proposal (RFP)
Request for Qualifications (RFQ)
Secondary Evaluation Methodology
Social Impact Bond (SIB)
Social Impact Guarantee (SIG)
Social Innovation Financing (SIF)
Social Innovation Fund (SIF)
Special Purpose Vehicle (SPV)
An advisory organization that helps move a PFS project after the feasibility process, through the construction process, and into project launch. Transaction Coordinators usually provide expertise including: data analysis, financial modeling, fundraising and facilitating multi-party negotiations. The transaction coordinator is at times called the "intermediary," but more specifically the role of the transaction coordinator usually ends once the project launches, whereas the "intermediary" includes project management functions that occur after project launch.
Individuals in the target population who receive the intervention. In an evaluation, their results are compared to the control group to calculate the impact of the intervention.
Wrong Pocket Problem
A commonly faced challenge in PFS projects wherein a government agency funding a preventative program does not then see the resulting savings on its own budget.