Social Innovation Fund 2016 Pay for Success Grant Competition (Up to $10.6m in grants)
Deadline: February 11, 2016
The Corporation for National and Community Service (CNCS), United States invite applications for the 2016 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition. The SIP PFS competition will provide up to $10.6 million in grants to eligible nonprofit organizations seeking to advance and evaluate emerging models that align payment for social services with verified social outcomes.
The Social Innovation Fund is a program of the Corporation for National and Community Service with the goal of finding solutions that work, and making them work for more people. In line with SIF’s goal, the PFS Competition intends to encourage the implementation of PFS projects in order to enhance the reach and impact of innovative community-based solutions in low-income communities.
About Pay for Success
Pay for Success offers innovative ways of partnering with philanthropic and private sector investors to create incentives for service providers to deliver better outcomes at lower cost—producing the highest return on taxpayer investments. The concept is simple: pay providers after they have demonstrated success, not based on the promise of success. Pay for Success financing is a mechanism for increasing investments in effective social interventions by changing the way government allocates and invests its resources – focusing on results and outcomes.
As part of the 2016 SIF PFS Competition, each grantee will be awarded between $350,000 and $1,800,000 each year over the three year project period. Every SIF grant dollar must be matched by the grantee with nonfederal dollars and services.
The SIF PFS Competition will only award funds to applicants targeting one or more of the focus areas listed below. Applications that do not specifically identify one or more focus areas will not be considered for funding. The Fiscal Year (FY) 2016 SIF focus areas, which are applicable to this SIF PFS Competition, are:
- 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.
Up to $10.6 million is available for SIF PFS awards in 2016. CNCS reserves the right to prioritize continuation awards.
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.
- 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.
- Applicants must have practical experience in social finance (and related fields) and designing and implementing open application processes and managing Subrecipients and Service Recipients.
- Applications must provide a well-designed plan with clear and compelling justification for receiving the requested funds. Reviewers will assess the applications against the following selection criteria and rate them accordingly:
- Program Design
- Organizational Capacity
- Leadership and Team
- Cost-Effectiveness and Budget Adequacy
- NOTE: SIF funding can only be used to target low-income communities in the United States and U.S. territories.
How to Apply
- Notices of Intent to Apply are due by January 13, 2016 at 5:00 p.m. Eastern Standard Time. Notices of Intent are not required but strongly encouraged.
- Applications are due February 11, 2016 at 5:00 p.m. Eastern Standard Time.
- Successful applicants will be notified by April 2016.
For more information, visit Social Innovation Fund.