The DaSy Center is working with the U.S. Department of Education’s Office of Special Education Programs (OSEP) and the Early Childhood Technical Assistance Center (ECTA) to explore the feasibility of using a Pay for Success (PFS) funding model with Part C and 619 preschool programs. PFS is an innovative financing mechanism that harnesses private capital to fund evidence-based prevention-focused programs or social services.
This page provides selected resources about PFS and Social Impact Bonds (a popular PFS model). This includes information about what PFS is, how to design and evaluate PFS initiatives, examples of current PFS efforts in early childhood, and examples of PFS in the news. Additional information is available in the presentation and recording of our June 8 webinar.
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PFS in the news
8 Preschool Pay For Success Pilots Funded On December 22, 2016, the U.S. Department of Education announced $3 million in Pay for Success grants for preschool programs. These grants will allow ... Read more
FAQ: Preschool Pay for Success (PFS) Feasibility Pilot The U.S. Department of Education offers responses to Frequently Asked Questions related to their Preschool Pay for Success Feasibility Pilot grants. Visit their FAQs ... Read more
Chicago in Context: Considering Pay for Success to Improve Special Education This May 2016 blog post describes results from the Chicago Pay for Success project which expands the city’s Child Parent Center early education model. ... Read more
What is Pay for Success (PFS)?
The Critical Role of Education Data in Early Childhood Pay For Success Efforts Conference: STATS-DC Date: August 2017 Presenters: Jennifer Tschantz , Megan Cox, & Donna Spiker This session will provide an overview of Pay For Success (PFS), an innovative financing mechanism ... Read more
Designing and evaluating PFS initiatives
Pay for Success Feasibility Tool kit: Considerations for State and Local Leaders Released in October 2017, this tool kit provides general information on PFS and discusses important elements to consider during the feasibility phase of a PFS ... Read more
Pay for Success Project Assessment Tool The PFS Project Assessment Tool (PAT) helps people answer a fundamental question: What makes for a strong PFS project? It describes core elements of PFS ... Read more
Organizations working on PFS
Sorenson Impact Center The mission of The Sorenson Impact Center is to accelerate positive and sustainable social change through cross-sector collaboration, data and private capital. Housed within The ... Read more
PFS in early childhood
Using benefit-cost analysis to scale up early childhood programs through Pay-for-Success financing This 2015 journal article describes social impact borrowing as a new method for financing public sector, outlines contribution of benefit cost analysis (BCA), and discusses ... Read more
Financing human capital development for economically-disadvantaged children: Applying pay for success social impact finance to early childhood development This 2013 working paper describes how PFS can be applied to funding of early childhood development programs. Citation: Dubno, J. A., Dugger, R. H., & ... Read more
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