Next-Generation Outcomes Funding
In the last decade, Pay for Success—a set of innovative, outcomes-based funding strategies that tie funding to results—has catalyzed projects across the federal government that lower recidivism, strengthen the economy, and improve public health.
This brief outlines how the federal government could build on the best ideas developed under the bipartisan Social Impact Partnerships to Pay for Results Act (SIPPRA) by applying a more flexible and adaptive approach to the Department of Treasury’s outcomes fund, making the Interagency Council on Social Impact Partnerships permanent, and empowering the council to identify, co-create, and cofund projects to improve state and local government effectiveness.
Social Finance and America Forward wrote this brief for the 2021 policy planning teams for both presidential campaigns; it is part of United to Move America Forward, a policy briefing book.
As we recover from a global pandemic and national economic crisis, it’s more important than ever to get the most out of government spending—and it’s time to create a cohesive and strategic federal approach to funding.