In a recent piece in CommonWealth Magazine, Third Sector Director, H. Kay Howard, argues for more funding in the form of a pay for success model to ensure better post-secondary outcomes for Massachusetts students.
The recent Stanford Social Innovation Review article “Social Impact Bonds: More Than One Approach” highlights the work of Santa Clara’s Project Welcome Home and Los Angeles County’s Just-in-Reach project, both of which Third Sector has been deeply engaged. The article discusses how social impact bonds differ between projects and geographies, and how those differences impact implementation. More specifically, it points to Project Welcome Home as a great example of multiple funders working at difference risk levels and roles. And among the authors’ recommendations, they suggest that in the design of Pay for