New Publication from the Federal Reserve Bank of San Francisco

Third Sector partners George Overholser and Caroline Whistler have written an article prominently featured in the Federal Reserve Bank of San Francisco’s Community Development Investment Review. “The Real Revolution of Pay for Success: Ending 40 Years of Stagnant Results for Communities” discusses how Pay for Success and Social Innovation Finance have the potential to improve the performance of America’s social sector, accelerating a historically slow march of social progress.

The Review features 22 articles exploring Pay for Success financing; authors include representatives of Third Sector collaborators Roca, the Massachusetts Housing and

Social Solutions Webinar:
Pay for Success from the Service Provider Perspective

Roca’s Experience with Preparations and Contract Negotiations in Massachusetts

January 28, 2013

John Grossman, Partner & General Counsel, recently participated in a webinar hosted by Social Solutions that focused on Pay for Success from the perspective of service providers. The webinar looks at how Roca, a performance-driven provider of services to young people at high risk of incarceration, worked with Third Sector Capital Partners to prepare for and determine that a PFS contract would be worth pursuing.

Moderator:

Ingvild Bjornvold, Director of Strategic Initiatives, Social Solutions

Speakers:

Bill

Cuyahoga County Partners with Third Sector Capital Partners on Pay for Success Pilot Procurement READ THE PRESS RELEASE Boston, MA and Cleveland, OH (November 2, 2012) – Cuyahoga County, OH became the first County government in the United States to release a Request for Responses (RFR) for a Pay for Success pilot. Third Sector Capital [...]

Third Sector CEO and Co-Founder George Overholser participated in a webcast hosted by the Council of Development Finance Agencies and BNY Mellon that focused on the rise of social impact bonds. Overholser was joined during this webcast by Navjeet Bal from Nixon Peabody and Deborah Burand from the University of Michigan to discuss how these [...]

Massachusetts Selects Third Sector Capital Partners
for First-in-the-Nation “Pay for Success” Contracts

Boston, MA (August 1, 2012) – The Commonwealth of Massachusetts announced today that it has selected Third Sector Capital Partners to develop its two groundbreaking Social Innovation Financing pilots, more commonly known as “Pay for Success” contracts. Massachusetts is the first state in the nation to issue a competitive process to obtain services using social innovation financing.

Third Sector will serve as lead intermediary, in partnership with New Profit Inc., for a youth recidivism initiative and as partner to the Massachusetts

“Mass. program ties nonprofits’ pay to success”
by Dan Adams – The Boston Globe – August 1, 2012

Two groups of nonprofit social service providers have been selected by the state to tackle chronic problems with homeless people and juvenile criminals under an innovative new program that will reward the agencies if they can prove their techniques work, or pay them little or even no money if they fail.

The program, called Social Innovation Financing, operates on a simple “pay for success” model, in which nonprofits must demonstrate that by keeping youth from being reincarcerated or