The following is a statement from Vanessa Kirsch, Founder and CEO of New Profit, and Deborah Smolover, Executive Director of America Forward and Managing Partner at New Profit. On the occasion of Jonathan Greenblatt’s stepping down as director of the White House Office of Social Innovation and Civic Participation (SICP), New Profit and America Forward commend Jonathan, President Barack Obama,
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Pay For Success
Boston Globe Op-Ed Highlights Pay For Success
On Sunday, Massachusetts Congressman Joe Kennedy published an op-ed in the Boston Globe highlighting the great potential of Pay for Success. As Congressman Kennedy points out, Pay for Success initiatives garner significant bipartisan support and harness the ability to deliver measurable outcomes while saving taxpayers millions of dollars. New Profit has long understood the potential of Pay for Success, serving as a grantor
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Take 5: “Solving the World’s Biggest Problems Takes Ensembles, Not Soloists” and more…
Here's five social innovation links we are clicking on today: Huffington Post: Solving the World's Biggest Problems Takes Ensembles, Not Soloists Jeffery Walker of The Generosity Network on the importance of focusing on bringing together the teams of organizations and individuals that must collaborate to address problems. He mentions New Profit as an example of an organization that has recognized
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America Forward Part of Team That Will Receive New Social Innovation Fund Grant
America Forward, the nonpartisan policy arm of New Profit, is excited to announce today that it will be a partner in a first-of-its-kind “Pay for Success” grant program from the Corporation for National and Community Service’s Social Innovation Fund (SIF). Pay for Success (PFS) is an innovative approach to financing social service programs that holds the potential to greatly improve
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Wall Street Journal highlights Pay for Success and Third Sector Capital Partners
“What if there were a way to solve the country's most intractable social problems—homelessness, crime or inequities in education, for example—without putting taxpayer money at risk? There might be.” A couple of days ago, the Wall Street Journal published an article that addresses Pay For Success, a new innovative financing tool for social impact. Pay for Success allow government to
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America Forward Op-Ed on TheHill.com: ‘Pay for Success’ Could Change the Way Government Works
"Enabling local authorities to tie funding to results for a portion of their formula funds and supporting state efforts to assist them is important for several reasons. First, it means that at least some scarce federal dollars will be paid out only when results are achieved, ensuring that these funds go to programs that work and not to those that
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Take 5: #SocInn News Links: 5/22/14
Here’s five interesting #SocInn links we’re clicking on today: New Profit: America Forward Commends Congress for Workforce Legislation Announcement, Urges Swift Passage "America Forward applauds the bicameral, bipartisan agreement on the Workforce Investment Act (WIA) reauthorization deal announced earlier today and urges the swift passage of final WIA legislation in Congress. WIA was last updated the year that Google was
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Take 5: #SocInn News Links: 5/8/14
Here’s five interesting #SocInn links we’re clicking on today: Bloomberg: Goldman’s Bullish on Boston Bloods Staying Out of Jail A look at the MA Juvenile Justice Pay for Success initiative and Roca, the Initiative's service provider. "The beauty of social-impact bonds, adherents say, is that everyone wins. States and municipalities get prevention programs that they might not otherwise be willing
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5 Questions on Criminal Justice Reform
Reforming America’s criminal justice system and advancing efforts to break cycles of incarceration in low-income communities would positively impact almost every other social challenge we face, from education to workforce development and public health. In particular, these efforts could improve opportunities for young men of color, who are disproportionately represented in the prison system and painfully absent from their families
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