This 2015 article describes some of the early PFS project in the U.S. and discusses some of the pros and cons of the model as currently being implemented. Citation: Rangan, V. K., & Chase, L. A. (2015). The payoff of pay-for-success. Stanford Social Innovation Review The Payoff of Pay-for-Success
This 2012 guide contains a set of common questions about Social Impact Bonds (a type of PFS model). Costa, K., Shah, S., Ungar, S., & Social Impact Bonds Working Group. (2012). Frequently asked questions: Social impact bonds. Washington, DC: Center for American Progress.
This nonprofit organization dedicated to mobilizing investment capital to drive social progress designs and manages public-private partnerships across complex policy areas (e.g. education achievement gaps, health disparities). Its sister organization in England, Social Finance UK, launched the first Social Impact Bond. Social Finance Website
This U.K. government website compiles information about the country’s more than 32 PFS projects in areas like youth unemployment, mental health, and homelessness. Resources include case studies, information on best practices, current thinking, guidance on project development, cost-benefit analysis guidance, and a unit cost database (specific to U.K. costs). Tools from the Centre for Social […]
The Corporation for National and Community Service is a federal agency that helps more than 5 million Americans improve the lives of their fellow citizens through service. Its Social Innovation Fund Pay For Success program empowers organizations to identify and support sustainable solutions through innovative funding solutions. SIF awards grants to identify, validate, and grow […]
This 2015 brief addresses questions that governments and social service providers often pose when constructing, negotiating and executing a pay for success project. Roman, J. K., Eldridge, M., & Hawkins, R. (2015). Foundational concepts and terms of Pay for Success. Washington, DC: Urban Institute.
This 2014 resource is directed at organizations considering using PFS to finance services and is organized as a series of curated resources, including reports and articles from the Urban Institute, Social Finance US, news articles from New York Times, and others. Munoz, C., & Gordon, R. (2014). Pay for success: A primer for social innovators. […]
This is a general information resource about PFS that outlines some of the advantages and challenges of using PFS. Kohli, J., Besharov, D., J., & Costa, K. (2012). What are social impact bonds? An innovative new financing tool for social programs. Washington, DC: Center for American Progress.
The Center for American Progress is an independent nonpartisan policy institute that is dedicated to improving the lives of all Americans, through bold, progressive ideas, as well as strong leadership and concerted action. Its Social Impact Bonds Series offers issue briefs, reports and news items related to social impact bonds and PFS. Center for American […]
America Forward is the Washington, DC-based nonpartisan policy initiative of national venture philanthropy fund New Profit. The America Forward Pay for Success Task Force is dedicated to driving more efficient use of government resources toward programs achieving evaluated outcomes that measurably improve people’s lives. Its webpage offers information about policy priorities around PFS. America Forward […]