Third Sector Launches Pay for Success Competition Focused on Youth Workforce Development

Third Sector Capital Partners, Inc. (Third Sector), a nonprofit advisory services firm that is leading the development of Pay for Success projects across the U.S., has launched a national competition to support government projects in the area of youth workforce development. The competition is being funded by a grant from the Social Innovation Fund (SIF), [...]

John Grossman, Co-President at Third Sector Capital Partners, Inc., was featured in a Government Executive by Patrick Lester, entitled, "Does Pay for Success Work? Define 'Success'" "We shouldn’t make the perfect the enemy of the good," agreed John Grossman, co-president at Third Sector Capital Partners. "The goal is continuous improvement. Success comes in changing the [...]

Nonprofit Finance Fund (NFF) has announced two of our partners, Santa Clara County and Hillside Family of Agencies, have been selected as grant recipients through the federal Social Innovation Fund (SIF) Pay for Success initiative.

Santa Clara County has been awarded the SIF grant to launch a Pay for Success project serving individuals with acute mental illness. The selected service provider, Telecare Corporation, will focus on clients who have frequent stays in psychiatric emergency care, and ensure these patients are stabilized in less restrictive, community-based environments. The SIF grant supports Third

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 Santa Clara County Board of Supervisors approved the selection of Telecare Corporation as the service provider for a Pay for Success project to improve stability and wellness of some of the County’s most severely mentally ill individuals through intensive outpatient treatment, case management, and supportive services.

“Improving the stability and wellness of members of our community who suffer from acute mental illness is a high priority for the County,” said President Dave Cortese, County of Santa Clara. “We are hopeful that through this project, we’ll be able to offer more

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