Brief Evidence Toolkit: Pay for Success
Justin Milner
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Pay for success (PFS) financing harnesses philanthropic or other private capital to fund evidence-based programs, with government repaying investors only if the programs achieve specified outcomes. As of 2016, there have been 11 PFS deals in the United States targeting a range of social outcomes, from early childhood education to chronic homelessness to recidivism. PFS has the potential to expand evidence-based policymaking by incentivizing the use of research when selecting programs and expanding our knowledge of what works and what doesn’t through rigorous evaluation.
Research Areas Nonprofits and philanthropy
Tags Evidence-based policy capacity
Policy Centers Research to Action Lab
Research Methods Performance measurement and management