Report: Pay for Success: The First Generation

Posted by Nonprofit Finance Fund on June 6, 2016

Pay For Success Projects Gets Examination

The Nonprofit Finance Fund (NFF) has released the first-ever compilation of the nation’s first Pay For Success (PFS) projects, examining a wide range of details on each of the 10 projects.

“Pay for Success has generated a flurry of ‘hype’ and ‘hate’ disproportionate to its limited applications in the field to date,” said NFF Vice President Jessica LaBarbera. “We believe that the legacy of these early projects will be their role in lighting the way toward a social sector more focused on collaboration, outcomes, and a commitment to understanding and paying for the full costs of positive change,” she said.

“The market is too young for us to draw conclusions,” said Dana Archer-Rosenthal, NFF’s Pay for Success program manager and lead author of the report. “The challenge – and opportunity – in the next phase of the PFS market’s development is not to advance a particular financial innovation but to collectively improve our ability to deliver better results,” she said.

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