Second Cohort of Social Innovation Fund Pay for Success Grantees Announced

Published Tuesday, May 10, 2016 | by Samantha Jo Warfield

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The Corporation for National and Community Service (CNCS) announced the winners of its second Social Innovation Fund (SIF) Pay for Success grants competition. The grantees will be awarded between $600,000 and $1.3 million each, per year for the first two years of the three-year grant period. All of the grantees (listed below) will be holding open competitions to select communities who will received technical assistance services to develop Pay for Success projects.

Harvard University Government Performance LabWith a $2.1 million grant, the Harvard Government Performance Lab will take projects from the feasibility phase to the implementation phase for up to five Pay for Success projects. Since its inception, Harvard GPL has been actively involved in the feasibility and transaction structuring of 26 PFS projects. The GPL’s mission is to accelerate the pace of progress on tough social challenges by improving the way that governments procure and deliver social services.

Local Initiatives Support Corporation (LISC)With a $1.3 million grant, LISC will take projects from the feasibility phase to the implementation phase for three to four service recipients. LISC will identify high-performing service providers that have demonstrated the ability to develop and operate strong evidence-based programs for PFS investment; help standardize content-specific program design and systematize contracting for the social service program; and create a body of high-quality and routinely-collected data across content areas for PFS projects. In addition to overall project coordination, LISC will raise investment capital for selected projects, undertake financial modeling for Service Recipients, coordinate negotiation of all transaction documents, develop ongoing monitoring and data collection requirements, and support ramp-up activities.

Sorenson Impact Center at the University of Utah’s David Eccles School, in partnership with Social Finance, Inc. With a grant of $2.6 million, the Sorenson Impact Center, in partnership with Social Finance, Inc., will provide advanced transaction structuring technical assistance for between four-five service recipients, bringing Pay for Success projects into development in the Western U.S. The partnership will take a proactive and comprehensive approach to help jurisdictions structure projects. This includes assisting organizations with the development of a communications and engagement strategy to support providers, funders and policymakers.