Chronicle of Philanthropy Pay for Success Video Series

Published Friday, January 22, 2016 | by Alex Daniels

Quick Facts

Issue Area
Document Type

The Chronicle of Philanthropy hosts a three-part video series on pay-for-success financing.

1) Pay-for-Success Financing: An Overview

What is pay for success, who uses it, and how? How many pay-for-success deals have been negotiated or are in the works? Some people consider this form of investment in the charitable sector promising, but it remains untested on a broad basis. So why hasn’t it caught on faster?

2) Pay-for-Success Financing: Anatomy of a Deal

During this video discussion, panelists will walk viewers through the structure of a recent pay-for-success deal, with attention to the following issues: Why traditional financing methods did not work to accomplish the goals of the project? How to win support for this form of financing from government agencies? How foundations and philanthropy can shape a deal?

3) Pay-for-Success Financing: What the Future Holds

Panelists share early results from pay-for-success projects, explain what’s they've learned, and discuss how to collect data for evaluation.


Connie Malloy, program director, James Irvine Foundation, who oversees the foundation’s Pay for Success Initiative, a partnership with the Nonprofit Finance Fund to test a new approach to paying for social services, with the goal of improving results while reducing costs.
Eileen Neely, director of capital innovation, Living Cities, who leads the study of pay-for-success financing models at Living Cities, which promotes joint efforts by philanthropy and financial institutions to improve the lives of low-income people and the cities in which they live.
George Overholser, CEO and co-founder, Third Sector Capital Partners, a frequent speaker and writer on the topic of finance innovation in the nonprofit sector.
Justin Milner, managing director, Pay For Success Initiative, Urban Institute, who focuses on the intersection of research, policy, and practice in seeking evidence-based programs to improve the lives of children and their families.
Host: Alex Daniels, staff writer, The Chronicle of Philanthropy