This post originally appeared on Nonprofit Finance Fund’s Blog and is co-authored by Deirdre Flynn, Associate Director, Pay for Success Program.

The Pay for Success (PFS) field has gone through astonishing changes in the years since the first contracts launched in the US. Those early projects (Rikers Island, Massachusetts Juvenile Justice, New York CEO, Cuyahoga) all only wavered from the original concept in minor ways. In brief, those projects all had payment based on a Randomized Control Trial (RCT) evaluation with the vast majority of success payments linked to the formal population-level

Signed into law this summer, the Strengthening Career and Technical Education for the 21st Century Act – also known as Perkins V – includes a number of provisions that promote innovation, modernization and the alignment of workforce skills with labor-market needs (see our full summary here). Notably, the legislation also includes the first-ever federal authorization of Career and Technical Education (CTE) funding for Pay for Success.

This change unlocks the potential to accelerate gains in economic mobility for millions of Americans. Every year, $1.1 billion in CTE funding flows from the

In 2017, the U.S. Department of Education announced it awarded grants to a cohort of eight government organizations for a Preschool Pay For Success feasibility pilot, to explore how the Pay for Success (PFS) model can improve access to high-quality preschool and improve outcomes for children most at risk. Third Sector partnered with three of [...]

Through our work with governments, we think critically about how social services are contracted. Data availability is often a limiting factor in the project design or in the evaluation of a project’s success. Many of our projects benefit from timely access to data in order to evaluate the unmet need, identify characteristics of the intended [...]

In late June, the Department of Commerce created an opportunity to share input on the Federal Data Strategy by requesting comments on the Cross-Agency Priority goal of Leveraging Data as a Strategic Asset. The Department of Commerce specifically requested comments on best practices related to the four pillars of the federal data strategy: Enterprise Data [...]