The Intersection of Impact Investing and Pay for Success

By Joe Gayeski and Mary Beech Pay for Success (PFS) is one way local and state jurisdictions can address pressing social issues in their communities. By integrating data and building rigorous evaluation into government contracting, PFS can reward social services that demonstrate measurable impact. To make this possible, PFS leverages private capital. The model’s innovative [...]

By Priya Shah and Dan Peck In early April, Third Sector was invited to share our approach to performance-based policy at San Francisco State University (SFSU). We shared our expertise in leveraging data to inform social policy to a class of junior and senior sociology students taught by Professor Jason Luger. The highly interactive 90-minute [...]

By Sithara Kodali Last month, the President signed the Evidence-Based Policymaking Commission Act of 2016 into law. Though the law itself is new, the ideas within it are not. The Act is the latest iteration in national trend towards performance-driven policy and practice, the same movement that is driving the pursuit of Pay for Success [...]

By George Overholser Eight years ago, I pitched the Pay for Success concept as a new kind of a money back guarantee. Government would pay for a social service, impact would be rigorously measured, and if impact fell short, government would get its money back. Think of it as impact insurance, or a Social Impact [...]

By Nadia Ahmed and Will Toaspern Last week, Third Sector engaged with some of the country’s most forward thinking leaders at the Salt Lake County Innovation Summit in Salt Lake City, Utah. We connected with over 400 attendees who share our commitment to innovative solutions to society’s toughest problems. Pay for Success (PFS) was at [...]