The 2014 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition will provide up to $11.2 million in grants to eligible nonprofit organizations and city and state governments seeking to advance and evaluate emerging models that align payment for social services with verified social outcomes. Consistent with the broader mission of the SIF, the PFS Competition intends to encourage the implementation of PFS projects in order to enhance the
reach and impact of innovative community-based solutions in low-income communities.
Pay for Success offers innovative ways of partnering with philanthropic and private sector investors to create incentives for service providers to deliver better outcomes at lower cost—producing thehighest return on taxpayer investments. The concept is simple: pay providers after they have demonstrated success, not based on the promise of success, as is done now. Pay for Success financing is a mechanism for increasing investments in effective social interventions by changing the way government allocates and invests its resources – focusing on results and outcomes. This grant competition will determine in which situations the Pay for Success will be most effective. Overall, this will aid in advancing the emerging models that align payment for social services with verified social outcomes.
As part of the PFS Competition, each grantee will be awarded between $200,000 and $1,800,000 each year over the three year project period. Every SIF grant dollar must be matched by the grantee with nonfederal dollars and services.
NOFA/NOFO End Date: Thu, 07/31/2014
CFDA number: 24.024
[email protected] 202-606-3223Application Deadline
NOTICE OF INTENT TO APPLY DEADLINE:
Applicants are encouraged to send a Notice of Intent to Apply by Tuesday, July 15, 2014.
Applications are due Thursday, July 31, 2014 at 5:00 p.m. Eastern Standard Time. Successful applicants will be notified by September 30, 2014.Webinar/Conference Call Schedule
The Social Innovation Fund is hosting webinars and a Twitter chat for potential grant applicants. Webinars will be conducted in a standard format that includes a brief overview and a question and answer session.NOFA Outreach Toolkit
PFS Notice Outreach Toolkit to help spread the word. The toolkit includes a PFS fact sheet, FAQs, sample newsletter text, sample tweets, links to useful websites and webinar schedules. Using the kit, please:
- Promote the PFS competition to your affiliates via your organization’s newsletter or e-blast
- Encourage qualified members of your network to apply
- Tweet (or other social media verb) about the competition
- Consider writing a blog post on your organization’s website or another venue explaining why you think this is an important funding opportunity for the field
- Consider posting the funding opportunity on your organization’s website during the duration of the competition
- Encourage your network to participate in the PFS Notice Webinars