NCCD and SIF Pay For Success Studies Lauded and Expanded by White House

NCCD and SIF Pay For Success Studies Lauded and Expanded by White House

April 20, 2016 | by Cecilia Muñoz, Shaun Donovan | The White House

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This week, the White House blog promotes the increase in the Social Innovation Fund’s number of Pay for Success (PFS) sites around the country; this includes sites evaluated by NCCD. Announced this week, the newest sub-grantee that will be evaluated by NCCD is the San Diego Foundation.

This week, the White House blog promotes the increase in the Social Innovation Fund’s number of Pay for Success (PFS) sites around the country; this includes sites evaluated by NCCD. Announced this week, the newest sub-grantee that will be evaluated by NCCD is the San Diego Foundation. “PFS is a promising tool because it enables government to identify and invest in better, more effective solutions by focusing on—and only paying for—positive outcomes,” explains the article. Using the PFS model, investors invest in services and programs upfront and the government repays them—with a return—if the desired outcomes are achieved. “Rather than placing the risk of failure solely on taxpayers,” which has long been the structure of public investment, investors and “the private sector now [have] a stake as well.” Read the entire blog here on the White House website. We are thrilled to be working with the Social Innovation Fund to assess the feasibility of the Pay for Success model at sites around the country.