What impact can Pay for Success contracting have on workforce development?
What opportunities does the new Workforce Innovation and Opportunity Act (WIOA) present for Pay for Success projects?
Earlier this month, Third Sector Capital Partners partnered with Year Up to explore these questions in the kick-off webinar of a series hosted by America Forward, Alternative Staffing Alliance, and SE4Jobs. Our discussion covered the basic stages of Pay for Success contracting, opportunities
Interested? Access a recording of the webinar below. The webinar was presented by Associate Director Christine Johnson.
Nonprofit Finance Fund has published blog posts interviewing Third Sector and its project partners in Salt Lake County and Illinois about their experiences developing PFS projects in both jurisdictions. Titled “Voices from PFS Pioneers”, both projects explain the genesis of project development, unique challenges, and innovations developed through project construction.
Third Sector is working with the State of Illinois and Conscience Community Network on the Illinois Dually-Involved Youth Project, which seeks to improve outcomes for youth involved in both the foster care and juvenile justice systems.
Third Sector is also working with
The Alliance for Children and Families launched Disruptive Forces in Action to showcase the innovative ways its members and others in the sector are harnessing the six forces introduced in its 2011 report, Disruptive Forces: Driving a Human Services Revolution. In its case study of Attracting Investors, Not Donors, Alliance member Hillside Family of Agencies and issue expert Third Sector Capital Partners, Inc. discuss Pay for Success, an emerging funding model that unites nonprofits, government, and philanthropic and corporate investors around achieving a social return on investment.
Hillside has partnered with Third Sector
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
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
