High impact nonprofits need flexible, sustainable funding to expand effective programs and generate greater impact. Instead, too many must rely on fee-for-service funding that underfunds, impedes, or even prohibits activities that could generate more impact.
Pay for Success gives these service providers access to significant capital that recognizes and supports programs that can consistently achieve strong outcomes. Some promising Pay for Success focus areas include workforce development, education and early childhood development, health, youth and family welfare, and criminal justice.
How Pay for Success Benefits Service Providers
- Provides multi-year, flexible, unrestricted funding
- Focuses efforts on outcomes for those you serve—not just the number served
- Includes funding for critical internal systems such as data systems and analysis, project ramp-up periods, and evaluations
At the heart of a successful Pay for Success initiative is a service provider with strong implementation of evidence-based practices, a track record of growth, and data systems that can track individuals through the program (and ideally beyond). For Pay for Success, evidence is key—interventions with formal evaluations and rigorous study design are preferred.
Self Assessment: Are you Pay for Success ready?
What are the outcomes you are trying to achieve—and for whom?
What benefits does your program produce—for participants, for government, and for society?
What data or evidence demonstrate those
What is the full cost to serve one participant in your
What additional capacity would be required to grow while maintaining strong outcomes?
Who are your champions within government and within your community?
If your organization can clearly answer the questions above and you want to learn more about Pay for Success financing, contact us.