 In 2014, the Social Innovation Fund launched its Pay for
Success (PFS) program to help develop the field by funding technical assistance
and capacity building for state and local governments and nonprofit
organizations across the country seeking to better understand and implement PFS
strategies.
State of the Pay for Success Field:
Opportunities, Trends and Recommendations offers
compelling insight into the rapidly growing field of Pay for Success in order
to spur even more growth in the field.
Overarching themes and lessons learned from PFS
implementation include:
- Data-driven analysis is a key element of PFS
initiatives,
- Not all social interventions are well suited for
PFS arrangements,
- Sustained cooperation and commitment of all key
players are key to implementing and maintaining a long-term PFS program,
- Impact evaluations are key to determining the
effectiveness of PFS models, but they must address logistical and, in some
cases, ethical concerns,
- and standardized processes and implementation
resources would help advance the PFS field.
For more detailed insights and PFS project-specific
lessons learned, download the State of the Pay for Success Field report, here.
 Each month the Social Innovation Fund will put a Spotlight On the work that grantees are doing to impact communities across America. With May being graduation season and a time where high school and college students start thinking about their future, this month’s spotlight features four grantee organizations that are helping put Americans back to work through job training and related support services.
|
Grantees highlighted include the
Local Initiatives Support Corporation (LISC), REDF, The Mayor’s Fund to Advance
New York City, and Third Sector Capital Partners. Here’s what each program’s
leadership had to say about what the program is accomplishing:
-
“Low-income, low-wage jobs are not enough to
sustain a family,” said Seung Kim, LISC program director for family income and
wealth building. “Our strategy is to empower individuals and families through
an intentional, integrated services approach.”
Read about how this approach is
working.
-
“These are individuals who are willing and able
to work but who have a hard time getting a job,” according to Javits, says
Carla Javits, REDF’s president and CEO.” Learn
how REDF is addressing this problem.
-
Nearly a million New Yorkers earn less than
$20,000 per year because they lack the skills needed to secure a living-wage
job. The Mayor’s Fund for New York City with the New York City Center for
Economic Opportunity seeks to better understand and combat this skills gap. Find out what they are doing to improve
wages and reduce poverty.
-
“If we did not get results that employers
wanted, we would not be in business,” said Shawn Bohen, national director of
Year Up, a sub-recipient of Third Sector Capital Partners. Learn
how Third Sector is helping to build the capacity of sub-recipients to
achieve results.
Be on
the lookout for June’s spotlight focused on Social Innovation Fund grantees
that are working to ensure healthy futures for low-income communities.
The Environmental Protection Agency (EPA) awarded the Green & Healthy Homes Initiative Baltimore (GHHI Baltimore) and Le Bonheur Children’s Hospital CHAMPS Program in Memphis, Tenn. with the 2015 National Environmental Leadership Award in Asthma Management.
This award recognizes organizations that offer comprehensive, in-home interventions and innovative asthma education to improve the lives of people with asthma in underserved communities. Learn more about GHHI’s impact on Baltimore’s low-income families, here.
Community leaders from across the country convened in Grapevine, Texas, including our Program Officer, Keisha Kersey, and SIF Classic grantee, United Way for Southeastern Michigan, for the 2015 United Way Community Leaders Conference in late April.
The Conference is an opportunity for leaders striving to create community change to exchange ideas and offer best practices. For three days, community leaders from United Ways, local governments, NGOs, corporations and others from around the world come together to highlight the most pressing community concerns, and the tools to address them.
Explore the free Digital Resource Center, which is accessible during and after the conference, to download session materials and other resources from the conference, here.
|
