In 2014, The James Irvine Foundation and Nonprofit Finance Fund (NFF) announced the California Pay for Success Initiative (the CA PFS Initiative), a $5.6-million effort to support the exploration of PFS that resulted in the five projects launched or near launch and the development of many others in the Golden State. Pay for Success (PFS) is a contracting approach that drives financial resources toward social programs that deliver results by tying payment to achievement of measurable outcomes. As such, PFS is at the vanguard of a shift toward outcomes in the social sector, and California's experience mirrors the nation more broadly. Drawing from NFF's Pay for Success Scorecard, below are learnings and recommendations for how to accelerate social sector transformation.
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- Copyright 2017 by Nonprofit Finance Fund. All rights reserved.