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 […]
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 project. The tool kit gives a brief introduction to PFS, including the three typical phases of a PFS project. The tool kit also provides information about the main elements of […]
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. […]
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 […]
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)
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 […]
This 2015 resource contains a summary from the Institute for Child Success about eight current PFS-funded projects across a range of policy areas/service sectors. These are about PFS projects that have been implemented in the Untied States as of December 2015. Golden, M., Garvey, M., Carolan, M. & Nagendra, B. (2015). Pay for Success in […]
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 […]
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.
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.