Pay for Success Learning Hub

Publication date: 
July, 2015
Nonprofit Finance Fund

Pay for Success deals, sometimes called social impact bonds, are an emerging private-public approach to funding social services: foundations and impact investors pay for preventative or interventional programs aimed at saving taxpayer money in the long term, to be repaid (with returns) by the government if the programs succeed.

As of July 2015, there are five Pay for Success projects underway in the United States, ranging from funding early education in Utah to programs aimed at reducing recidivism for juvenile offenders in Massachussetts. In the Pacific Northwest, there are discussions underway to explore using Pay for Success to fund social services in Idaho, Montana, Oregon and Washington.

Visit Nonprofit Finance Fund's Pay for Success Learning Hub for a U.S. activity map, more resources and tools.