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1.800.628.2783
1.800.628.2783
June 2016
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onthehorizon
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.

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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

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