Pay for Success Readiness and Opportunities for Social Enterprises: Third Sector and Year Up

What impact has PFS had on the United States social sector? As the model gains traction, what can PFS achieve in the future? Next week, TSCP Co-President and Co-Founder Caroline Whistler will be tackling these questions at SOCAP15, an annual conference of leading impact investors, social entrepreneurs, and cross-sector practitioners. On October 6th and 7th, Caroline will be presenting the PFS model, its development, and its ability to more efficiently drive government resources toward more effective social services.

You can catch Caroline at SOCAP15 in San Francisco at:

Social Sector Transformation through Pay for Success

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The Alliance for Children and Families launched Disruptive Forces in Action to showcase the innovative ways its members and others in the sector are harnessing the six forces introduced in its 2011 report, Disruptive Forces: Driving a Human Services Revolution. In its case study of Attracting Investors, Not Donors, Alliance member Hillside Family of Agencies and issue expert Third Sector Capital Partners, Inc. discuss Pay for Success, an emerging funding model that unites nonprofits, government, and philanthropic and corporate investors around achieving a social return on investment.

Hillside has partnered with Third Sector

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

Massachusetts PFS Project Brief and Lessons Learned

Third Sector is proud to share two publications detailing lessons learned and innovations from our role as project intermediary for the Massachusetts Juvenile Justice Pay for Success Initiative, the fourth Pay for Success project implemented in the United States and the largest Social Impact Financing raised to-date. We are well aware that the excitement around Pay for Success and Social Impact Financing far exceeds the actual practice of implementing these projects on the ground. We have written these two documents in order to help

Third Sector Capital Partners, with support from the Health Trust, has published a case study that documents Santa Clara County’s exploration of a Pay for Success initiative from its origins in community conversations through the County Board of Supervisors’ vote to fund the construction of one or more Pay for Success contracts. In the case study, Third Sector discusses the critical factors that advanced the project and key lessons learned by stakeholders. Click here to view the case study.