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Results-Based Funding
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This paper presents an overview of New York State’s Pay for Success (PFS) project to increase employment and recidivism in partnership with the Center for Employment Opportunities (CEO) and Social Finance. This document includes the rationale for choosing the PFS model for this project, the CEO’s program and evidence of its effectiveness, and project metrics and evaluation.
Related Insight
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An Introduction to Pay For Success
Pay for Success is a set of innovative outcomes-based financing and funding tools that directly and measurably improve lives by driving resources toward results. Watch this video overview.
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Challenging the Status Quo: Philadelphia’s Exploration of Pay for Success
This report details Social Finance’s strategy in assessing the feasibility of the implementation of PFS in Philadelphia.
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‘Government Only Pays for the Positive Outcomes.’ A Strikingly New Approach to Social Problems
This Washington Post article describes PFS and how the model is being used in Connecticut, South Carolina, and Colorado to improve social outcomes.