The Corporation for National and Community Service in Washington, D.C., has announced grants totaling $12 million to eight social service organizations working to advance and evaluate emerging models that link payment for services with verified social outcomes.
The inaugural grants from CNCS's Social Innovation Fund Pay for Success program will address the limited availability of funds for planning, feasibility studies, deal structuring, and pipeline development within the social services field. Awarded grants ranging from $200,000 to $1.8 million over three years, the recipients include the Corporation for Supportive Housing, the Coalition to End Childhood Lead Poisoning, the Harvard Kennedy School Social Impact Bond Lab, the Institute For Child Success, the National Council on Crime and Delinquency, the National Finance Fund, Third Sector Capital Partners, and the University of Utah David Eccles School of Business PFS LAB.
Over the next few months, the recipients will hold open competitions to select communities in need of services. In addition, SIF will conduct a rigorous third-party evaluation of the program and each project, sharing lessons learned at every stage to enhance knowledge in the field, and will test and address questions around the applicability and efficacy of the pay-for-success model.
"The thriving community of the future will be one where business, government, and nonprofits work together to discover innovative, effective solutions and tap new sources of capital to help these solutions grow," said CNCS board chair Lisa Garcia Quiroz. "I am proud that CNCS and the Social Innovation Fund are helping to usher in this new era by providing the resources, expertise, and evaluation needed to catalyze action and results."
"National Service Agency Announces $12 Million to Support Pay for Success Projects."Corporation for National and Community Service Press Release 10/01/2014.