The Nonprofit Finance Fund and the James Irvine Foundation recently announced their $2.5 million “California Pay for Success” initiative aimed at supporting and enhancing better-quality social services in California.
Under this initiative, organizations from the government or social sectors will be selected to participate in establishing and implementing Pay for Success contracts. Funding resources, technical assistance, and additional support will be provided to these leaders as they create and implement Pay for Success agreements with other entities.
The Nonprofit Finance Fund is currently accepting applications from organizations interested in implementing Pay for Success initiatives and would benefit from this program. The application deadline to apply to be a Pay for Success Leader is February 28, 2014.