Winners will receive technical assistance services from Third Sector to assess the feasibility of Pay for Success projects
America Forward and New Profit are partnering with Third Sector Capital Partners, a pay for success advisory firm, on their $1.9M Social Innovation Fund award to explore and expand Pay for Success across the country. Today, Third Sector launched the first of two open competitions to select sub-recipients for technical assistance and feasibility work aimed at constructing a Pay for Success initiative in the areas of youth development, economic opportunity, and healthy futures.
The competition is geared toward government entities and nonprofit service providers who are seeking assistance to test the feasibility of pay for success. The competition will be open until January 16th, 2015 and there will be a series of informational webinars and readiness workshops between now and the end of the year, including one scheduled for November 21st at 12pm EST for those interested in learning more about the competition.
Over the course of the three year grant, America Forward will specifically be working on field building efforts to educate state and local policymakers on broader issues relating to Pay for Success and sharing the lessons learned from the sub-recipient competitions. In addition, Third Sector has partnered with Abt Associates, National Association of Counties, National League of Cities, and National Governor’s Association to support the competition and offer expertise to government and nonprofit applicants, valued between $50,000 and $350,000. Applicants must provide at least $25,000 in match funds for the feasibility technical assistance.
For additional information on the Social Innovation Fund Awards and Third Sector’s competition, please visit: