Nonprofit Finance Fund has published blog posts interviewing Third Sector and its project partners in Salt Lake County and Illinois about their experiences developing PFS projects in both jurisdictions. Titled “Voices from PFS Pioneers”, both projects explain the genesis of project development, unique challenges, and innovations developed through project construction.
Third Sector is working with the State of Illinois and Conscience Community Network on the Illinois Dually-Involved Youth Project, which seeks to improve outcomes for youth involved in both the foster care and juvenile justice systems.
Third Sector is also working with
John Grossman, Co-President and General Counsel, and Marcia Chong, Senior Analyst, have authored a blog post for the Harvard Law and Policy Review. Pay for Success: Pay for Success Calls for Innovation in Non-Profit, Contract and Securities Law focuses on how innovative thinking in nonprofit and tax law, government contracting, and securities law will be needed to support the growth of the PFS field.
Both John and Marcia have been intimately involved in developing the PFS contracts and other legal agreements for the Massachusetts Juvenile Justice Initiative and the Cuyahoga County Partnering
In December 2013, The California Endowment funded the National Council on Crime and Delinquency (NCCD) and Third Sector Capital Partners, Inc. (Third Sector) to conduct a feasibility study on restorative community conferencing (RCC) to better understand its potential to be used in a Pay for Success (PFS) project. RCC shows promise as an intervention that could be scaled through PFS given its preventive focus and the promising initial outcomes of youth served through RCC.
NCCD and Third Sector focused their feasibility analysis on Alameda County, California, where the Community Works West
2012 has been an extraordinary year for Third Sector Capital Partners and the field of Social Innovation Finance, one that will be remembered for its many firsts. Pay for Success and Social Impact Bonds have gained worldwide attention and are quickly taking root across the United States, with several tangible pilots under development.
We offer a huge thank you to every member of this growing community, each of whom has helped accelerate America’s transition to a performance-based social sector.
2012: A Year of Firsts
New York City launched the nation’s first Pay for