Pay-For-Success Takes Aim At Child Services

Pay-for-success (PFS) campaigns using social impact (SIB) bonds for funding are becoming a little more common. Why is this? The model is quite appealing to government executives – governments get a risk-free way of funding creative social programs (see Social Impact Bond Initiatives Move Ahead).

Just how much has this model grown? There are fifteen states with active SIB-financed initiatives (see Fact Sheet: Social Impact Bonds in the United States). And, the Harvard Kennedy School SIB Lab reported in 2015 that it had received applications for assistance with SIB from 30 state and local governments (see State . . .