Stanford Social Innovation Review Highlights the Evolving Promise of Pay for Success
“If we can make this approach dynamic enough to keep up with politics, adaptive enough to empower communities rather than dictate to them, and equitable enough to challenge deep and systemic inequities, PFS can become both widespread and potent enough to move the dial on even the most entrenched social challenges.”
Shifting the Poverty Paradigm: Moving to Results that Matter in Washington State
Washington State Department of Children, Youth, and Families (DCYF) Secretary Ross Hunter, Ballmer Group’s Washington State Director Andi Smith, and Third Sector CEO Caroline Whistler presented on DCYF’s agency-wide journey to transition ~$1 billion across 1000+ social service contracts to be performance based at the 2019 National TANF State Directors’ Meeting on September 18.
Third Sector Awarded Federal Grant to Develop Public-Private Partnerships for Government Effectiveness
Third Sector is leading a team selected as one of three $300,000 grand prize winners of the Government Effectiveness Advanced Research (GEAR) Center Challenge. The GEAR Center competition challenged respondents and problem solvers from the public, academia, and industry to build cross-sector, multidisciplinary teams to demonstrate the potential of the GEAR Center as a public-private partnership to improve mission delivery, citizen services, and stewardship of public resources.
Read more on our blog here and listen to Third Sector Managing Director Brian Beachkofski discuss this new project on Federal Drive with Tim Temin here.
The investment community is hampered by a lack of data to understand the impact made by outcome-based financing.
Third Sector, BrightHive, and Reinvestment Fund are partnering to launch a national outcomes-based financing Data Advisory Council (DAC). Comprised of stakeholders interested in using data to measure and evaluate the social impact of outcomes-based financing efforts, the DAC will address barriers to scalable and equitable improvements in lives and communities.
“Systems achieve the outcomes they are designed to achieve,” Alex Bernadotte, founder and CEO of Beyond12 shared during a plenary at the National College Access Network (NCAN) conference in Indianapolis last month. The imperative and urgency to improve college access and success equity was well understood by the audience of over 1,100 mission-driven individuals dedicated to closing equity gaps in postsecondary attainment for all students.
The conference provided an ideal opportunity for Third Sector’s Pay For Success (PFS) in Higher Education National Cohort to connect with subject matter experts, learn about theories of change and promising practices in the field, and contribute their unique perspectives as states and systems of higher education. In continuation of the past three months of virtual training and technical assistance, Third Sector supplemented the NCAN conference experience with additional in-person workshops to promote cohort sites’ further exploration of specific PFS components.