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, 2016 webinar.
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 moreFAQ: 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 moreChicago 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 moreThe payoff of pay-for-success
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 ...Read moreFrequently Asked Questions: Social Impact Bonds
This 2012 guide contains a set of common questions about Social Impact Bonds (a type of PFS model). Costa, K., Shah, S., ...Read more
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 ...Read morePay 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 morePay 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
U.S. Department of Education
The U.S. Department of Education now offers a page of resources related to Pay for Success, including links to Office of Management & Budget (OMB) ...Read moreReady Nation
ReadyNation was originally created in 2006 and has operated as a nonprofit since 2014. ReadyNation specializes in applying PFS finance to scaling up early childhood ...Read moreInstitute for Child Success (ICS)
The Institute for Child Success — an independent, nonpartisan, nonprofit research and policy organization — provides guidance on PFS, targeted technical assistance (with support from ...Read more
PFS in early childhood
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 ...Read moreUrban Institute Early Childhood Toolkit
This Urban Institute toolkit is comprised of a series of briefs that provide a roadmap for stakeholders on how to use PFS to scale high-quality, ...Read moreUsing 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
If you require an accessibility accommodation for any DaSy Resource, please contact DaSy.