Pay It Forward Funds

Social Finance is partnering with state governments and local workforce funders across the country to create self-sustaining pools of job training dollars called Pay It Forward Funds. These place-based funds support individual Career Impact Bonds that bring together wraparound support services and student-friendly financing to help individuals upskill with high-quality training providers and achieve economic mobility.

Pay It Forward Funds create sustainable cycles of training that are fundamentally focused on outcomes. Students who experience positive employment outcomes repay the cost of their training, paying it forward into a common fund to support future students.

In fall 2020, New Jersey became the first state to announce the development of a Pay It Forward Fund. Partners in six other states are pursuing similar efforts, which blend public, philanthropic, and corporate funding to invest in sectors that are locally relevant, resilient, and in high-demand, including clean energy, IT, advanced manufacturing, and health care.

Active Pay It Forward Funds

New Jersey


Social Finance has partnered with Governor Phil Murphy, the State of New Jersey, and the New Jersey CEO Council on the nation’s first Pay It Forward program to prepare New Jersey residents for family-sustaining jobs in industries like health care, IT, and clean energy.



Social Finance has partnered with United Way Miami on the first Pay It Forward Fund in the state of Florida, designed to upskill Miami residents for in-demand jobs that lead to economic mobility, especially for veterans, people of color, and single female heads of household.

Contact Us

If you are interested in learning more about Pay It Forward Funds, contact Vice Presidents Andrew Chen or Jake Edwards.