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2014 Federal Budget: Pay for Success

Read Pay for Success: Understanding the Risk Trade-Offs by NFF's Kristin Giantris and Bill Pinakiewicz, featured in the San Francisco Federal Reserve's Community Development Investment Review.

View the slide deck and recording of NFF's webinar with the White House and Harvard’s SIB Lab on Pay for Success in the 2014 Budget.

Summary of PFS elements and Link to the Budget Factsheet

Looking for Data? NFF’s State of the Sector Survey

Sonal Shah & Kristina Costa of the Center for American Progress explain the implications for PFS in the Budget.

NFF's Work in Pay For Success

Nonprofit Finance Fund (NFF) serves as significant contributor and trusted advisor to service providers, government, and other stakeholders exploring Pay for Success (PFS) financing. Since 2010, we have led outreach efforts to multiple stakeholders and acted as pre-transaction advisor to a wide variety of parties pursuing a PFS model.  We have supported government agencies (HUD, DOL, DOJ and OMB) as they have advanced PFS projects, and served as trainer and advisor to local governments and nonprofits looking to participate in PFS and outcomes-based finance more generally.  Our work in this field is generously supported by The Rockefeller Foundation,The William and Flora Hewlett FoundationThe Joyce Foundation, and The James Irvine Foundation

NFF serves mission-driven organizations with tailored investments, strategic advice and accessible insights. As a Community Development Financial Institution (CDFI) intermediary and trusted advisor in the social sector for 33 years, NFF has partnered with a wide range of public and private providers of capital to develop and implement innovative and effective ways to increase the flow of capital to a chronically undercapitalized social sector. Throughout this time, we have also worked closely with the providers of services to empower them with the skills and capacity necessary to convert capital into meaningful, positive outcomes for the individuals, families and communities that they serve.

Please click here for more information on NFF and our work in the PFS arena.