We are thrilled to announce the launch of the Commonwealth of Massachusetts’ Pay for Success initiative, which focuses on reducing recidivism and improving employment outcomes for over 900 at-risk young men in Massachusetts. For more information about this landmark initiative, please see our webpage on the project here.
Cuyahoga County, Ohio, has selected FrontLine, a local mental health organization, to serve as a service provider for its first Pay for Success project. The County will pioneer an intensive effort to keep homeless families together by using private investor funding. If the project succeeds, the County can save millions in foster care payments over the next five years.
Ed FitzGerald, County Executive, has advocated for Pay for Success in Cuyahoga County since 2011. “I want to transform how human services are provided in Cuyahoga County,” said FitzGerald. “Our Division of
The California Endowment Awards Grant for Pay for Success Collaboration Between NCCD & Third Sector Capital Partners
The California Endowment has awarded $250,000 in grant funding to the National Council on Crime and Delinquency (“NCCD”) and Third Sector Capital Partners (“Third Sector”) to lay the groundwork for two innovative outcome-based human services programs to serve California communities. The grant funding provided to the partnership will be used to complete feasibility studies on the viability of utilizing Pay for Success (“PFS”) programs to deliver social services in the areas of juvenile restorative
Third Sector Capital Partners, with support from the Health Trust, has published a case study that documents Santa Clara County’s exploration of a Pay for Success initiative from its origins in community conversations through the County Board of Supervisors’ vote to fund the construction of one or more Pay for Success contracts. In the case study, Third Sector discusses the critical factors that advanced the project and key lessons learned by stakeholders. Click here to view the case study.
Massachusetts Awarded $11.67 Million U.S. Department of Labor Grant for Pay for Success Project Led by Third Sector Capital Partners
Massachusetts has been awarded an $11.67 million grant from the U.S. Department of Labor that will expand the Commonwealth’s Social Innovation Financing project by providing additional success payments tied to increases in employment and reductions in recidivism. Third Sector Capital Partners is the project intermediary for this juvenile justice project, in partnership with New Profit Inc.
“The Department of Labor’s grant award represents an important endorsement of the quality of the Commonwealth’s juvenile
Santa Clara County Hires Third Sector to Construct and Implement Pay for Success Pilot Project
Santa Clara County’s Board of Supervisors voted unanimously on August 27, 2013 to advance the County’s pursuit of Pay for Success (PFS). The Board’s vote allocated $75,000 in funding for Third Sector Capital Partners (Third Sector). The Sobrato Family Foundation and the Silicon Valley Community Foundation will match the County’s support.
The County’s funding is an important evolution in the PFS field and demonstrates government’s increasing interest in providing financial support for PFS exploration and project construction.
After the
