June 2016
Issue Map
The Public Manager
Pay for Success: Real Risks, Real Rewards

Social impact bonds can support innovation among programs that provide important social, educational, and health services to citizens in need.


Government leaders increasingly recognize that confronting social issues requires new ways to solve problems. Social Impact Bonds, also referred to as Pay for Success bonds (PFS), are a promising approach to supporting social sector innovation.

Simply defined, Pay for Success uses philanthropic and private funds to pay up—front for social, education

You've reached ATD member-only content.
Sign in below or join ATD to continue.
Member restrict access message