Launched in January 2014, The California Pay for Success Initiative provides support to a cohort of community leaders and government entities that are structuring Pay for Success (PFS) contracts to finance high-quality preventative social services throughout California. This field report shares key observations and lessons from the application and grant award stage of the Initiative. Most significantly among these takeaways are the following:
- There is high level of interest in Pay for Success in California from a varied array of stakeholders.
- Service providers are eager for funding and expertise to help them demonstrate the effectiveness and cost benefits of preventative and early intervention programs and governments are interested in finding ways to finance and scale such programs.
- There is a tremendous opportunity for philanthropic capital to support such exploration and accelerate new models for financing needed social services.