White House Features New Social Innovation Award

The Stanford Center on Poverty and Inequality launched today a new $3 million partnership with Third Sector Capital Partners, the Social Innovation Fund, the Ballmer Group, and the White House Office of Social Innovation to build an administrative-data framework for measuring and evaluating the success of social service programs designed to reduce poverty and inequality.

A $1.5 million grant was awarded by the Social Innovation Fund (SIF), a program of the Corporation for National and Community Service, after a rigorous nationwide competition. The SIF funds

On June 30th, the Department of Labor (DOL) released the Final Rule1 on the Workforce Innovation and Opportunity Act (WIOA). As the five workforce boards of Third Sector’s second cohort of Social Innovation Fund sub-grantees are working to leverage the Pay-for-Performance (P4P) provisions of WIOA to better serve youth, this guidance directly informs our efforts. It is also important to note that WIOA requires local areas to shift their focus, spending 75 percent of youth funding on out-of-school youth. The DOL’s Final Rule on WIOA provides the necessary information to

By Celeste Richie and Katherine Shamraj Rigorous evaluation is a cornerstone of Third Sector’s approach to Pay for Success (PFS). The success of a PFS project hinges on quality evaluation methods to determine whether an intervention achieves desired outcomes. In our engagements, we advocate for the most rigorous method appropriate--including well designed Randomized Control Trials [...]

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 [...]

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 [...]

Third Sector Capital Partners, Inc. (Third Sector), a nonprofit advisory services firm that is leading the development of Pay for Success projects across the U.S., has launched a national competition to support government projects in the area of youth workforce development. The competition is being funded by a grant from the Social Innovation Fund (SIF), [...]