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Pay for Success Transaction Structuring Grant

Sorenson Impact and Social Finance, Inc. (the Eligible Partnership) are proud recipients of a grant from the Social Innovation Fund (SIF) of the Corporation for National and Community Service (CNCS) to structure and enable Pay for Success (PFS) projects within governments and nonprofit organizations that have previously deemed their project feasible and suitable for Pay for Success.

Each selected Service Recipient will receive technical assistance and educational services from the Sorenson Impact Center valued at $420,000 to $520,000 per recipient. As part of this award applicants can apply for $75,000–$100,000 in cash, which is intended to support the hiring of an Innovation Program Manager. 

Eligibility

  • An eligible government or nonprofit organization within the U.S. and its territories. 

Important Dates

  • May 10, 2017 and May 18,2017: Webinar for potential applicants at 1:00 p.m. MST
  • May 26, 2017 at 8:30 PM MT: Non-binding Letters of Intent to Apply are due
  • June 1, 2017 at 8:30 PM MT: Public cutoff for questions regarding the RFA
  • June 9, 2017 at 8:30 PM MT: Applications due
  • July 3, 2017: Select and notify awardees by way of email and phone call

How to Apply

  • Interested applicants can download the RFA and apply here.

  • Search for Pay for Success or 87618754

Additional Information         

  • Watch the PFS Transaction Structuring Grant Webinar here (recorded May 10, 2017).
  • May 2017 Press Release
  • October 2016 Press Release
  • For questions, please contact Katie Reberg at katie.reberg[at]sorensonimpact.com


 
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The Social Innovation Fund (SIF) is a program of the Corporation for National and Community Service (CNCS), a federal agency that engages millions of Americans in service through AmeriCorps and Senior Corps, and leads the nation’s volunteering and service efforts. The SIF fosters public and private collaborations to identify and support sustainable solutions that make a significant impact in transforming communities. For more information, visit NationalService.gov/Innovation