Third Sector provides a variety of advisory services for government, service providers, funders and project intermediaries preparing for or pursuing Pay for Success projects. For examples of our work, click the button below to see our active projects.
As stakeholders move from exploring the feasibility of a project to implementing and launching the project, Third Sector provides the following services:
Feasibility and Technical Assistance
What We Do: Work with government, service providers, and funders to assess the feasibility of PFS projects. Our services include technical assistance to determine program feasibility, stakeholder readiness, prioritization of target populations, and the value proposition for a project. We also work with governments to design procurements for PFS project partners, including advising on documents and scoring criteria and advising selection.
Recent Work: Third Sector partnered with Cuyahoga County (OH) on initial transaction feasibility work. We conducted community outreach, supported the County’s successful application for a Department of Justice PFS implementation grant, conducted a PFS landscape analysis, and assisted in drafting a Request for Responses released to service providers. For another example of our feasibility work, see our case study From Idea to Action: Pay for Success in Santa Clara.
Project Construction and Financing
What We Do: PFS project stakeholders, from service providers to governments, often have competing priorities and other direct responsibilities. In our frequent position as the only stakeholder completely focused on executing a project, we work collaboratively with all project stakeholders to drive towards execution of a PFS contract. Our services include working with stakeholders to develop a workplan, managing project workstreams, financial structuring, economic modeling, multi-party contract formation, fundraising from philanthropic and commercial sources, and vetting of partnership stakeholders.
Recent Work: Third Sector worked closely with the Commonwealth of Massachusetts in its initial PFS project focused on reducing recidivism for young men aging out of the juvenile justice system. We assisted in financial structuring, cash flow modeling, capital raising and contract negotiations for the project. To understand our program design and economic modeling work, see our case study Preparing for a Pay for Success Opportunity. To read about our experience with contract negotiations and more, see our Massachusetts project brief and lessons learned.
Project Launch and Management
What We Do: Provide support for the project ramp-up/pilot period, as well as provide ongoing project advisory services, including consulting on project management, managing investor relations, monitoring project implementation and convening oversight meetings.
Recent Work: Third Sector is serving as the ongoing intermediary organization for the Commonwealth of Massachusetts’ Juvenile Justice PFS project. John Grossman, Managing Partner and General Counsel, has been named project manager.