Social Services
Pay for Systems Change
The real promise of pay-for-success lies in changing how government funds social services.
The real promise of pay-for-success lies in changing how government funds social services.
Social sector organizations need a “healthy diet” of funding to achieve maximum impact, a concept neatly captured by the Grantmaking Pyramid now used by the Ford Foundation.
Grantmakers should provide enough money for nonprofits to pay for all their operations, not just programs and services.
Two federal agencies have removed barriers that have discouraged foundations and pension funds from seeking out impact investments.
Philanthropists should become more active impact investors, focusing on building sustainable social enterprises often overlooked by private investors who seek market-rate returns.