Stanford Social Innovation Review September 5, 2018
Google’s work initiative—part of the company’s $1 billion-plus charitable arm, Google.org—aims to use technology to retrain more people for the future workforce. One of its grantees, Social Finance, plans to use a pay-for-success (PFS) model to help locally embedded nonprofits across the country scale up job-training programs.
It is said that if you don’t fail occasionally you’re not trying often enough. Investors might not be so sure, but Palandjian has tapped into millions of dollars to provide others with access to opportunity.
An initiative to house and provide services to up to 250 homeless people in Travis County is set to be among the first in Texas to use an innovative funding model where investors pay upfront costs and are reimbursed by local governments only if goals are met.
The Central Health Board of Managers voted this week to commit $400,000 to participate in a new program expected to reduce the hospital utilization of up to 250 persons experiencing homelessness who are frequent users of the most expensive types of care.