Tag Archives: PFS

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

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

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.

The 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 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

Frequently 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., Ungar, S., & Social Impact Bonds Working Group. (2012). Frequently asked questions: Social impact bonds. Washington, DC: Center for American Progress.

Social Finance U.S.

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

Centre for Social Impact Bonds in the United Kingdom’s Cabinet Office

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 […]

What are social impact bonds? An innovative financing tool for social programs

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.

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

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 […]

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

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