The Nonprofit Finance Fund (NFF) released a report, “Pay for Success: The First 25”. The report provides a deep analysis into the launch, impact, and implications of the first 25 Pay for Success (PFS) projects launched in the US. This report provides a baseline understanding of what goes into every PFS contract while also explaining [...]

The $100 million Social Impact Partnerships to Pay for Results Act (SIPPRA) is a federal funding opportunity to scale outcomes-driven solutions that benefit communities across government funding silos. Round 2 Applications for Feasibility Study will soon be open during Fall this year. 

State and local governments are invited to explore outcomes-oriented readiness through Round 2 funding, which will be used to cover 50% of the cost of a Feasibility Study. Third Sector looks forward to supporting communities and is available to partner with agencies to create an Outcomes Implementation Plan in

Last year a bipartisan congressional effort resulted in a new $100 million fund available to states and local governments seeking funding for exceptional social service programs. The Social Impact Partnerships to Pay for Results Act (SIPPRA) gives governments a new opportunity to take advantage of federal funding to pay for proven outcomes.

On December 13th, the Stanford Social Innovation Review published "Development Impact Bonds: There's Still No Free Lunch" by Kevin Starr. Please read our response below. Dear Kevin, Thank you for starting a conversation on development impact bonds (DIBs), as well as Pay for Success (PFS) more generally. As a practitioner of PFS, I wanted to share [...]

Third Sector is pleased to announce it has been awarded $247,375 to improve community health from the Blue Shield Foundation of California’s Exploring the Value of Prevention grant. Third Sector with our partner, the California Accountable Communities for Health Initiative (CACHI), received funding to develop financing strategies to benefit multi-sector partnerships that improve community health. This funding brings together two leading organizations in their respective fields to collaborate on the pressing need to leverage siloed public funding streams. The project is one of sixteen that has received support to focus

The social services sector is transitioning from a focus on ‘outputs’ measuring activity levels towards ‘outcomes’ measuring life impacts. Third Sector advises public agencies seeking to use the tools at their disposal, such as procurement, policy, and data, to better align with long-term success for their communities. While we want success to be defined in terms of outcomes and encourage this evolution of the field, we still see value in assessing outputs for several reasons.