Category Archives: Designing and evaluating PFS initiatives

Chicago’s Pay for Success Program Evaluation: Year 3

Launched in 2014, this innovative public-private partnership expands Chicago Public Schools’ Child-Parent Center (CPC) program, making it possible for more than 2,600 kids and their families to benefit from CPC’s high-quality early childhood and parent engagement services. For each year of the program, the program’s independent evaluator releases a report of student performance across kindergarten […]

Pay for Success Project Assessment Tool

Logo: Urban Institute

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 projects, explains why those elements are important, provides a scoring system to help distinguish the strengths and weaknesses of a proposed project, and generates recommendations for improving those weak areas. […]

GAO Report on PFS

Logo: GAO.gov

This is a 2015 Government Accountability Office (GAO) report examining how selected PFS projects have been structured and what potential benefits they can provide, how contracts have been structured to identify potential project risks, the potential roles for the federal government’s involvement in PFS projects, and recommendations to federal agencies about how to identify and […]

Social Impact Bonds: The Early Years

Logo: Social Finance

This 2016 Social Finance white paper provides an updated of summary the 60 PFS-financed projects launched across the globe between 2010 and 2016. It also features perspectives from individual PFS stakeholders across service sectors and addresses several frequently asked questions about the model. Social Impact Bonds: The Early Years (PDF)

Using benefit-cost analysis to scale up early childhood programs through Pay-for-Success financing

Cover: Journal of Benefit-Cost Analysis

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 how social impact financing can promote scaling evidence-based programs like Child-Parent Centers and other early childhood programs. Citation: Temple, Judy A. & Reynolds, Arthur J. (2015). Using benefit-cost analysis to […]

Social impact bonds: A promising new financing model to accelerate social innovation and improve government performance.

Logo: CAP

This 2011 resource provides an introduction to social impact bonds (SIBs), a type of PFS funding model. It provides a general introduction to the model, and discusses the advantages, challenges, and criteria for implementing successful projects. Liebman, J. B. (2011). Social impact bonds: A promising new financing model to accelerate social innovation and improve government […]

Social Innovation Fund evaluation plan guidance: A step-by-step guide to designing a rigorous evaluation

Logo: Social Innovation Fund

This 2014 document provides guidance for PFS grantees, subgrantees, and evaluators for preparing a PFS evaluation plan and includes a detailed suggested evaluation plan outline (including implementation and impact evaluation plans). Corporation for National & Community Service. (2014). Social Innovation Fund evaluation plan guidance: A step-by-step guide to designing a rigorous evaluation. Washington, DC: Author.