Deadline: 11 February 2016
Applicants are invited to apply for Social Innovation Fund 2016 Pay for Success Grant Competition by Corporation for National and Community Service whose mission is to improve lives, strengthen communities, and foster civic engagement through service and volunteering.
The purpose of the SIF is to grow the impact of innovative community-based solutions that have compelling evidence of improving the lives of people in low-income communities throughout the United States. The SIF directs resources toward increasing the evidence-base, capacity, and scale of the organizations it funds in order to improve the lives of people served by those organizations.
Pay for Success (PFS) is an innovative model that ties funding for an intervention to its impact in the community.
PFS offers a way to catalyze philanthropic and private sector investments to deliver better outcomes, enabling government or other Payors (for example, school districts or hospitals) to pay only for outcomes achieved – that is, to pay only for what works.
Objectives
- Increase the ability of service providers and government entities to generate, analyze, and manage data to improve outcomes across diverse issue areas and geographies.
- Increase the number of High-Quality PFS projects occurring through partnerships between state and local governments and nonprofit organizations.
Focus Areas
- Youth Development – Preparing America’s youth for success in school, active citizenship, productive work, and healthy and safe lives, including crime reduction initiatives focused on juvenile delinquency and victimization prevention and response.
- Economic Opportunity – Increasing economic opportunities for economically disadvantaged individuals
- Healthy Futures – Promoting healthy lifestyles and reducing the risk factors that can lead to illness.
Award Information
- Awards to Recipients will range from a minimum of $350,000 to a maximum of $1,800,000 per year.
- Recipients should provide funds and/or services to each Sub that are valued at a minimum of $75,000 but not more than $400,000 per year using SIF PFS funding, not including the required match.
Eligibility Criteria
This competition is open to nonprofit organizations, public or nonprofit universities, state and local governments (and other political subdivisions), tribes, as well as faith-based organizations.
How to Apply
Interested applicants must submit their applications electronically via eGrants as mentioned on the website.
For more information, please visit Social Innovation Fund.
