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Greenville, South Carolina (April 13, 2016) – The Institute for Child Success (“ICS”), a Grantee of the Social Innovation Fund’s (SIF) Pay for Success program, announced the selection of its second cohort of organizations to receive technical assistance from ICS under that program. This technical assistance will help jurisdictions move towards implementing Pay for Success (PFS) financing to improve outcomes for young children.
“We were thrilled by the quality of the applications we received for our second cohort, during a time of remarkable growth in the Pay for Success field. We look forward to helping these jurisdictions explore efforts to improve outcomes for children through PFS financing,” said ICS Executive Vice President Joe Waters.
The awardee’s announced today include:
- The City of Evansville, Indiana, working to expand high-quality preschool education;
- The City of Tempe, Arizona, working to improve early childhood experience through universal preschool, home-visiting, and family supports;
- The Children and Families Commission of Orange County, California, working to improve child welfare outcomes through its innovative Neighborhood Resource Network;
- The Tennessee Commission for Children and Youth, working to expand evidence-based early childhood home visiting.
Pay for Success is an innovative funding model that drives government resources toward social programs that prove effective at improving outcomes for to the people who need them most. By utilizing private funding for up-front program costs, effective service providers, including nonprofits, have access to flexible and reliable resources to tackle critical social problems. By rigorously measuring the effectiveness of these programs over time, Pay for Success ensures increased accountability for government spending; taxpayer dollars are only spent on programs that succeed in improving people’s lives. Eleven Pay for Success programs have been launched in the United States, including four that focus on young children and their families.
PFS is an exciting model with a range of benefits, but it can be technically difficult to deploy and few organizations in the early childhood community have developed the required expertise. The Social Innovation Fund’s investment in ICS, along with matching funds from the United Way of Greenville County, and Greenville Health System, is fueling this initiative to build that expertise and capacity for PFS within the early childhood community.
“The Social Innovation Fund is proud to support The Institute for Child Success through their Pay for Success grant,” said Damian Thorman, Director of the Social Innovation Fund. “With ICS’s expert coaching, these jurisdictions will be able to determine where Pay for Success works, and where it might not, in their cities and states – helping to drive government resources toward smarter, more effective programs that will make a real impact in the lives of children and families most in need.”
The Institute for Child Success is a research and policy organization that works to create a culture that facilitates and fosters the success of all children. A partnership of the Greenville Health System’s Children’s Hospital and the United Way of Greenville County, ICS supports policymakers, service providers, government agencies, funders, and business leaders focused on early childhood development, healthcare, and education – all to coordinate, enhance, and improve those efforts for the maximum effect in the lives of young children (prenatal to age five). For more information: www.instituteforchildsuccess.org and http://pfs.instituteforchildsuccess.org/.
About the Social Innovation Fund (SIF)
ICS is a recipient of the Corporation for National and Community Service’s Social Innovation Fund (SIF). As part of the SIF’s new Pay for Success initiative, ICS is helping strengthen the pipeline of state and local governments and service providers prepared to implement Pay for Success projects across the country. By tying funding for community-based solutions to tangible social outcomes, Pay for Success has the potential to change the way government serves the public. Learn more at nationalservice.gov/sif.
In its first few years, the Social Innovation Fund (SIF) and its private-sector partners invested more than $700 million in compelling community solutions– $243 million in federal grants plus $540 million in non-federal match commitments in 35 intermediary grantees and 217 nonprofits in 37 states and the District of Columbia.
About the Corporation for National and Community Service
The Corporation for National and Community Service is a federal agency that engages more than five million Americans in service through its AmeriCorps, Senior Corps, Social Innovation Fund, and Volunteer Generation Fund programs, and leads the President’s national call to service initiative, United We Serve. For more information, visit NationalService.gov
Contact: Megan Carolan
Cell Phone: (908)418-1684