Third Sector Works with City of Boston to Release RFI on Pay for Success, Educational Outcomes
Mayor Martin Walsh announced on Monday an effort to identify ways to improve post-high school graduation outcomes for Boston Public Schools’ students. The City has worked with Third Sector to release a Request for Information (RFI) to identify effective programs and services that will increase access to higher education and training and would be funded through a Pay for Success model. The Office of the Chief of Education, along with the Boston Public Schools, have put forth efforts to improve outcomes for youth, including the High School Redesign effort and Success
Third Sector Capital Partners Featured in Grantee Spotlight from the Social Innovation Fund
It’s graduation season, which means people across the country are thinking about entering the job market. Third Sector Capital Partners, a grantee of the Social Innovation Fund’s Pay for Success program, is currently working to improve employment outcomes for urban young adults by working with Year Up, a Boston-based organization that seeks to improve employment outcomes for urban young adults. Year Up’s Professional Training Corps (PTC) model is an intensive one-year program for 18-to-24-year-olds who are disconnected from both school and work. In 14 locations nationwide, Corps participants spend six months
Third Sector Named 2015 Game Changer by the Boston Globe Magazine
Third Sector was named a 2015 Game Changer by the Boston Globe Magazine in this week’s issue, which featured CEO and Co-Founder George Overholser’s bet “that data will help make a difference solving some of the most intractable social problems, from juvenile delinquency to homelessness.” The article also cites Third Sector’s work on the Massachusetts Juvenile Justice PFS Initiative, where Roca, Inc. is working with over 900 young men in Boston, Chelsea and Springfield in order to reduce the days they spend in jail and increase their employment opportunities.
Third Sector Authors Blog Post for Harvard Law and Policy Revew
John Grossman, Co-President and General Counsel, and Marcia Chong, Senior Analyst, have authored a blog post for the Harvard Law and Policy Review. Pay for Success: Pay for Success Calls for Innovation in Non-Profit, Contract and Securities Law focuses on how innovative thinking in nonprofit and tax law, government contracting, and securities law will be needed to support the growth of the PFS field.
Both John and Marcia have been intimately involved in developing the PFS contracts and other legal agreements for the Massachusetts Juvenile Justice Initiative and the Cuyahoga County Partnering
Feasibility Report on Restorative Community Conferencing Finds Impact and Potential to Scale
In December 2013, The California Endowment funded the National Council on Crime and Delinquency (NCCD) and Third Sector Capital Partners, Inc. (Third Sector) to conduct a feasibility study on restorative community conferencing (RCC) to better understand its potential to be used in a Pay for Success (PFS) project. RCC shows promise as an intervention that could be scaled through PFS given its preventive focus and the promising initial outcomes of youth served through RCC.
NCCD and Third Sector focused their feasibility analysis on Alameda County, California, where the Community Works West