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 […]
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 being used to expand early childhood programs. The types of administrative and child-level data contained in state education data systems can be used to establish that an […]
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 states, school districts, and other local government agencies to explore whether Pay for Success is a viable financing mechanism for expanding and improving preschool in their communities. The 8 winners were […]
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)
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 programs. It is leading an active effort to develop the research, operational and legal frameworks needed to set up successful early childhood PFS arrangements. ReadyNation also provides technical assistance and […]
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 […]
The Institute for Child Success — an independent, nonpartisan, nonprofit research and policy organization — provides guidance on PFS, targeted technical assistance (with support from the Social Innovation Fund), and organizes the only major national conference focused on early childhood PFS, held annually. Institute for Child Success Website
Established with support from the Rockefeller Foundation and the Social Innovation Fund, the SIB Lab conducts research on how governments can foster social innovation and provides pro bono technical assistance (TA) to state and local governments implementing PFS contracts. Harvard Kennedy School’s Social Impact Bond Technical Assistance Lab (SIB Lab)
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 […]
