State of the Pay for Success Field: Opportunities, Trends, and Recommendations

Published Friday, April 10, 2015 | by Jessica Blum, Michelle Ciurea, Marjorie Levin, Tyler Moazed, Allan Porowski, Alicia Sparks

This report was developed by Abt Associates under contract to the Corporation for National and Community Service(CNCS) as a component of the CNCS Process Evaluation of the Social Innovation Fund (SIF) Pay for Success GrantProgram. In 2010, CNCS launched the SIF, which funds grantmaking intermediaries to identify and grow nonprofits thataddress pressing social problems in three focus areas— youth development, economic opportunity, and healthy futures.The SIF’s intermediary structure, and its focus on public-private partnerships to leverage investments in evidence-basedprograms, provides a new model for social finance that is currently being evaluated. In 2014, the SIF launched aninitiative to support the expansion of another public-private partnership model of social finance, pay for success (PFS). 

The focus of this document was to focus on a survey of the current PFS landscape in the U.S., and a review of key articles and documents that present and/or analyze the concepts and themes of PFS, describe specific projects, or discuss the current state of the literature surrounding PFS.