This week, Third Sector Capital Partners, Inc. was congratulated by White House staff alongside other Social Innovation Fund grantees for its work in Pay for Success. Third Sector's Second SIF Cohort adds five feasibilities to the growing number of Pay for Success engagements across the country. "The Obama Administration’s efforts to explore and test PFS [...]

By Sithara Kodali Last month, the President signed the Evidence-Based Policymaking Commission Act of 2016 into law. Though the law itself is new, the ideas within it are not. The Act is the latest iteration in national trend towards performance-driven policy and practice, the same movement that is driving the pursuit of Pay for Success [...]

By Nadia Ahmed and Mary Beech It’s said that marathons are won well before the starting gun goes off. When the runners arrive on race day, the most successful will have put in enough training to know exactly what to expect. When governments pursue a model as innovative as Pay for Success (PFS), pilot programs [...]

Despite the rapidly growing interest in Pay for Success contracting in the United States, little attention has been given to the enabling environment, including regulatory policy. In partnership with Perry Teicher, Impact Finance Fellow at Orrick, Herrington & Sutcliffe LLP, John Grossman and Marcia Chong have compiled a legislative review of state and local legislative [...]

By George Overholser Eight years ago, I pitched the Pay for Success concept as a new kind of a money back guarantee. Government would pay for a social service, impact would be rigorously measured, and if impact fell short, government would get its money back. Think of it as impact insurance, or a Social Impact [...]

Senior Associate Sithara Kodali has been featured in an interview with the Fletcher Social Investment Group, a student-run organization based at the Fletcher School of Tufts University. In the podcast, Sithara provides an overview of Pay for Success, its cross-sector mechanics, and its promises for government and underserved communities. LISTEN HERE