FEDERAL

Corporation for National and Community Service

FY 2016 Social Innovation Fund Pay for Success Cooperative Agreement 

Deadline: Notice of Intent to Apply Deadline: Applicants are encouraged to send a Notice of Intent to Apply by Wednesday, January 13, 2016

Application Deadline: February 11, 2016

Funding Available: Each grantee will be awarded between $350,000 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. 

Description: The 2016 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition will provide up to $10.6 million in grants to eligible nonprofit organizations, including   public or non-profit universities, faith-based organizations, and state and local governments (and other political subdivisions) 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 the highest return on taxpayer investments. The concept is simple: pay providers after they have demonstrated success, not based on the promise of success. 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 seeks to identify situations in which the Pay for Success model will be most effective. Overall, this will aid in advancing the emerging models that align payment for social services with verified social outcomes. Learn more about Pay for Success at: http://www.whitehouse.gov/omb/factsheet/paying-for-success.

Contact Information: PFSApplication@cns.gov ; Phone: (202) 606-3223

Webinars: The Social Innovation Fund will host Notice Overview webinars. All webinars will be recorded. See the schedule here;

For the application: http://www.grants.gov/web/grants/view-opportunity.html?oppId=280464