Nonprofit Finance Fund is pleased to release a new series of infographics that depicts our field research and views of the risk trade-offs involved in different structural approaches to Pay-for-Success Financing ("PFS Financing").

Over the past 18 months NFF has served as an independent voice in the emerging PFS Financing field in the United States. In this role we have collected diverse field data and provided ongoing education and information dissemination on market developments and trends. 

The ability to adapt to the unique “local needs” of the social sector in the United States is essential in order for PFS Financing to deliver on the promise of measurable improvements in the lives of individuals, families and communities of need that is the source of so much enthusiasm for this still largely unproven concept.

The infographics also include a Top Ten List of Systemic Issues in the Development of the PFS Financing Field in the United States and a description and analysis of various types of transaction execution structures that we believe achieve fidelity to the concept of PFS Financing. Our goals with this release are to:

• Depict NFF's current assessment of the diverse trade-offs for investors, service providers and governments that are inherent in different execution structures or "ways of doing" PFS Financing, such as the Social Impact Bond ("SIB") and the Human Capital Performance Bond ("HUCAP")
• Initiate a continuing dialogue in the PFS Financing field on the trade-offs involved in various transaction structures for investors, service providers and governments and
• Suggest some alternative and hybrid transaction execution structures for Pay for Success Financing.

NFF enthusiastically invites commentary, suggestions and proposals for refinements to these infographics as well as for other "ways of doing" PFS Financing. Please leave your commentary at our Pay for Success Blog. 

In the coming months, NFF will be posting announcements on our Pay for Success Learning Hub website (www.payforsuccess.org) about a series of forums for ongoing discussion of the issues raised in the infographics.