What can the Australian Job Services System teach us about Pay for Success?
By John Grossman and Kevin Tan. Pay for Success (PFS) holds promise. By diverting resources to programs that are measurably successful, the PFS model could move the needle on many seemingly intractable social problems. In the United States, however, PFS is still a niche concept. In the three years since the first PFS contract was [...]
CEO and Co-Founder George Overholser featured in Chronicle of Philanthropy Webinar
Third Sector Capital Partners, Inc. has been featured in a webinar series exploring Pay for Success and its potential. Hosted by the Chronicle of Philanthropy, CEO and Co-Founder George Overholser answered questions about the model, and how its addressing the most pressing issues for vulnerable communities around the United States. George spoke on a virtual [...]
Caroline Whistler Featured in Chronicle of Philanthropy’s 40 Under 40
Caroline Whistler, Co-Founder and Co-President of Third Sector Capital Partners, Inc., has been named as one of the Chronicle of Philanthropy's 40 under 40. The list features young nonprofit and philanthropic leaders who are driving forward innovative solutions to pressing problems. The financing portion of such deals has gotten the lion’s share of attention...but Ms. [...]
Empowering Service ProvidersWhat We Learned in Cuyahoga County
By Brian Beachkofski and Marcia Chong In the Pay for Success (PFS) model, governments, funders, and nonprofits work together to construct projects that measurably serve our most vulnerable populations. Within this cross-sector mix of stakeholders, local service providers play a critical role. Bringing local expertise to the table, these on-the-ground organizations are responsible for delivering [...]
Why Workforce Development?Third Sector’s Second Round SIF Competition
Pay for Performance (P4P) contracting can be a powerful tool to align limited resources with results. The innovative contracting model has been leveraged across the country to address our most pressing social problems. Third Sector’s first Social Innovation Fund (SIF) Competition is empowering nine governments and organizations to explore the impact of performance-based contracting across [...]