New Publication from the Federal Reserve Bank of San Francisco

Third Sector partners George Overholser and Caroline Whistler have written an article prominently featured in the Federal Reserve Bank of San Francisco's Community Development Investment Review. "The Real Revolution of Pay for Success: Ending 40 Years of Stagnant Results for Communities" discusses how Pay for Success and Social Innovation Finance have the potential to improve the performance of America's social sector, accelerating a historically slow march of social progress.

The Review features 22 articles exploring Pay for Success financing; authors include representatives of Third Sector collaborators Roca, the Massachusetts Housing and Shelter and Alliance, the Harvard Kennedy School of Government, and the Rockefeller Foundation, as well as, the Nonprofit Finance Fund, MDRC, Youth Villages, Social Finance, and the Bridgespan Group. We are immensely grateful to the Federal Reserve Bank of San Francisco for its commitment to the development of a dialogue on Pay for Success that includes a variety of perspectives and insights.

Also view the Federal Reserve publication.