A Pay For Success Reading List

by Andrew Schwalm (10/14/2011)

Nonprofit Finance Fund, in partnership with the White House Office of Social Innovation and Civic Participation, is pleased to announce the Pay for Success: Investing in What Works convening on Friday, October 21st, 2011 from 9am to 3pm (ET).  This event will bring together cross-sector stakeholders to identify the potential of the Pay for Success concept and opportunities to pursue Pay for Success pilot projects in the US.  A live webstream will be available at http://www.whitehouse.gov/live 

Below, we’ve identified a series of articles that should serve as an introduction to the history, current application and future of Pay For Success and Social Impact Bond projects.  

Overview of Social Impact Bonds

Social Finance: Social Impact Bonds:  Rethinking Finance for Social Outcomes

Center for American Progress: Financing What Works: Social Impact Bonds Hold Promise

Pay For Success and Social Impact Bonds in the United States 

Tactical Philanthropy: Robust Intermediaries Key to Social Impact Bond Success

Tactical Philanthropy: Preparing Nonprofits for Social Impact Bonds

Harvard Business Review: The Social Impact Bond as Ironclad Arrangement

Baltimore Sun: Social Impact Bonds Can Transform Education

New York Times: For Federal Programs, A Taste of Market Discipline

Center for American Progress: Social Impact Bonds:  A Promising New Financing Model to Accelerate Social Innovation and Improve Government Performance