Pay for Success

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In March 2015, Austin/Travis County was selected as part of a national competition to assess the feasibility of implementing a “Pay for Success” initiative to reduce teen pregnancies among Hispanic youth and to improve birth outcomes among African Americans.

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Mission Capital and Partners Assess Feasibility of Pay for Success in Austin

Pay-For-SuccessPay for Success (PFS) is an innovative funding model that seeks to measurably improve the lives of people most in need by driving resources toward highly-effective programs. The PFS model enables communities to access greater resources by tapping private investments for the upfront costs of the programs. If the programs are successful, then government repays those who made the original investment. This ensures that taxpayer dollars are being spent only on social programs that deliver measurable results.
In March 2015, Austin/Travis County won federal funding to explore innovative Pay for Success financing models in our community.
 

This win shines a national light on Austin’s social sector and is exciting for many reasons:

  • Pay for Success models show great promise as a way to bring new forms of investment to proven nonprofit programs.
  • Austin was selected for demonstrated commitment to funding high-quality, effective social programs that produce measurable outcomes.
  • Our research on Austin’s nonprofit sector revealed that solving complex social problems takes cross-sector collaboration and greater investments in high-performing organizations – this grant is a perfect example of both.

Mission Capital, along with our partners at Austin/Travis County Health and Human Services, Travis County, Central Health and United Way for Greater Austin, led the efforts to secure this award that will assess the feasibility of Pay for Success models in reducing teen pregnancy and improving outcomes for low-income African-American women in our community.
Social innovation and alternative financing options like this align with our vision to see our community’s most complex social issues get solved. In addition to promoting innovative funding options for mission-driven organizations, our Social Venture Partners and Accelerator program provide access to human, financial and intellectual capital to advance creative solutions to big community challenges.[/vc_column_text][nz_gap height=”25″][nz_btn text=”More About Pay for Success” link=”/what-we-do/pay-for-success” target=”_self” animate=”false” animation_type=”ghost” color=”green” size=”medium” shape=”square” type=”normal” hover_normal=”fill” hover_ghost=”fill”][/vc_column][/vc_row][vc_row full_width=”true” img_animate=”false” animation_dir=”horizontal” animation_speed=”35000″ background_repeat=”no-repeat” background_position=”left top” background_attachment=”scroll” padding_top=”60″ padding_bottom=”10″ parallax=”false” video=”false” background_color=”#f7f7f7″][vc_column animate=”false” effect=”fade” margin_b=”true” text_align=”left” pl=”0″ pr=”0″ pt=”0″ pb=”0″ width=”1/1″][vc_custom_heading text=”RELATED CONTENT” font_container=”tag:h2|font_size:24px|text_align:left|line_height:28px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_row_inner][vc_column_inner el_class=”” width=”1/3″][vc_custom_heading text=”Press Release” font_container=”tag:h3|font_size:22px|text_align:left|line_height:28px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal”][vc_column_text pl=”0″ pr=”0″ pt=”0″ pb=”20″]

Austin receives federally-funded support to explore innovative funding model.

[/vc_column_text][nz_gap height=”25″][nz_btn text=”Download” link=”https://missioncapital.org/wp-content/uploads/2015/09/Press-Release-Pay-For-Success-Announcement.pdf” target=”_self” animate=”false” animation_type=”ghost” color=”green” size=”medium” shape=”square” type=”normal” hover_normal=”fill” hover_ghost=”fill”][/vc_column_inner][vc_column_inner el_class=”” width=”1/3″][vc_custom_heading text=”Community Impact Article” font_container=”tag:h3|font_size:22px|text_align:left|line_height:28px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal”][vc_column_text pl=”0″ pr=”0″ pt=”0″ pb=”20″]

Can federal government-issued bond money help impact social change?

[/vc_column_text][nz_gap height=”25″][nz_btn text=”View Article” link=”http://communityimpact.com/2015/03/11/austin-travis-county-selected-for-potential-pay-for-success-social-funding-model/” target=”_self” animate=”false” animation_type=”ghost” color=”green” size=”medium” shape=”square” type=”normal” hover_normal=”fill” hover_ghost=”fill”][/vc_column_inner][vc_column_inner el_class=”” width=”1/3″][vc_custom_heading text=”Blog Post by Keith Johnson” font_container=”tag:h3|font_size:22px|text_align:left|line_height:28px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal”][vc_column_text pl=”0″ pr=”0″ pt=”0″ pb=”20″]

What if there was a way to grow nonprofit programs, improve lives, and save taxpayer money all at the same time?

[/vc_column_text][nz_gap height=”25″][nz_btn text=”View Blog Post” link=”https://missioncapital.org/insights-and-ideas/blog/trends-in-social-financing-pay-for-success/” target=”_self” animate=”false” animation_type=”ghost” color=”green” size=”medium” shape=”square” type=”normal” hover_normal=”fill” hover_ghost=”fill”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”true” img_animate=”false” animation_dir=”horizontal” animation_speed=”35000″ background_repeat=”no-repeat” background_position=”left top” background_attachment=”scroll” padding_top=”60″ padding_bottom=”0″ parallax=”false” video=”false”][vc_column animate=”false” effect=”fade” margin_b=”true” text_align=”left” pl=”0″ pr=”0″ pt=”0″ pb=”0″ width=”1/1″][vc_custom_heading text=”GET STARTED” font_container=”tag:h2|font_size:45px|text_align:center|color:%23333333|line_height:24px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][nz_sep type=”solid” color=”#7bc24e” top=”30″ bottom=”25″ width=”82″ height=”2″ align=”center”][vc_column_text pl=”0″ pr=”0″ pt=”0″ pb=”0″]

You’re on a mission. You’re invested in our community. You want to be part of something meaningful. You want to see change happen. So do we.

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Access our in-depth research, leadership intensives and resource library, all created with your success in mind.

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Overcome your nonprofit’s challenges with our selection of services, such as strategic planning and board development.

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Connect to creative investment models and partnerships that maximize the difference you make in our community.

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