“A new way to fund what works by bringing communities together to scale what works, pay for success can help improve the lives of people in need … Pay for success (PFS) is an innovative financing mechanism that shifts financial risk from a traditional funder—usually government—to a new investor, who provides up-front capital to scale an evidence-based social program to improve outcomes for a vulnerable population. If an independent evaluation shows that the program achieved agreed-upon outcomes, then the investment is repaid by the traditional funder. If not, the investor takes the loss." Points of entry are: Get Started; Library; Events; Blog; FAQS; and Ask an Expert.
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Pay for Success