Decades of research has demonstrated the importance of stable home and family environments for healthy physical, cognitive, and social and emotional child development. Supporting parental mental and physical health and economic stability will help strengthen families and give children a better start, from the very beginning. Social Finance believes that when we expand effective programs and build a society that supports children and families, we improve outcomes across the board—in health, education, criminal justice, workforce and more.
How We Help
- Provide intermediary services on leading child welfare Social Impact Bonds.
- Offer expertise and implementation support to state and local governments and community early childhood collaboratives to implement outcomes rate cards and other outcomes-driven practices.
- Design and implement outcomes-based projects in home visiting.
- Conduct cost-benefit analyses and literature reviews to make the case for early childhood investments.
- Support outcome selection and performance management for nonprofit, public sector, and philanthropic clients.
Expand access to the Nurse-Family Partnership to an additional 3,200 first-time, low-income mothers and their babies across South Carolina. The project, launched in April 2016, deploys $30 million over 6 years to reduce preterm birth, improve healthy birth intervals, and prevent emergency department visits, with a particular focus on low-income communities in the state.
Develop and implement a state-wide outcomes contract for home visiting, linking payment to outcomes that generate value to families and society, support two-generation impacts, and are linked to administrative data.
Mobilize $11.2 million to promote family stability and reduce parental substance use as part of the Connecticut Family Stability Pay for Success Project, a partnership between Connecticut Department of Children and Families (DCF), Family-Based Recovery, and Social Finance.
Early Childhood Outcomes Rate Card in Kent County, MI
Support First Steps Kent, a nonprofit organization in Kent County, Michigan, in releasing two RFPs and developing outcomes-based contracts for the county’s Ready by Five initiative, which was funded out of a six-year millage to advance early childhood development.
Missouri Children’s Trust Fund Outcomes Rate Card
Develop and launch a pilot outcomes rate card with Missouri’s Children’s Trust Fund to advance outcomes for children and families in Missouri and pave the way for broader adoption of Pay for Success within the State.
Outcomes-focused Texas Prevention and Early Intervention Programs
Partner with the Texas Department of Family and Protective Services: Prevention and Early Intervention program to embed outcomes-based practices into its contracting and management processes. The Episcopal Health Foundation generously provided funding for this project to improve the lives of children and families throughout Texas.
National Partnership with Nurse-Family Partnership
Work with Nurse-Family Partnership to expand home visiting services for underserved first-time mothers—developing and exploring Pay for Success (PFS) projects in South Carolina, Indiana, and other jurisdictions throughout the United States.
- “Contracting for change: Incorporating payment incentives for early childhood outcomes in maternal, infant, and early childhood home visiting contracts in Connecticut,” Association of State and Territorial Health Officials
- “Unlocking the potential of performance management with Goodwill Nurse-Family Partnership,” Social Finance
- “Challenging the status quo: Philadelphia’s exploration of Pay for Success,” Social Finance
- “New tools to amplify impact: A Pay for Success guide to building nonprofit capacity,” Social Finance
- See more publications >>
Over nearly a decade of developing outcomes-based funding initiatives, Social Finance has supported a wide range of programs and funding sources that aim to improve outcomes for children and families, with a particular expertise in early childhood and nurse home visiting. We approach a project with families at the center—whether we are advising a state government on building outcomes-based payment into a procurement, or supporting performance management for a foundation’s grantees. Our team has developed expertise with the academic literature on early childhood interventions and cost-benefit analyses of these programs, equipping us to support policymakers with decisions about how to maximize outcomes for each public dollar. Learn more >>