SIF Pay for Success
The 2016 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition will provide up to $10.6 million in grants to eligible nonprofit organizations, including public or non-profit universities, faith-based organizations, and state and local governments (and other political subdivisions) seeking to advance and evaluate emerging models that align payment for social services with verified social outcomes. Consistent with the broader mission of the SIF, 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.
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. This grant competition seeks to idenitfy situations in which the Pay for Success model will be most effective. Overall, this will aid in advancing the emerging models that align payment for social services with verified social outcomes. Learn more about Pay for Success at: http://www.whitehouse.gov/omb/factsheet/paying-for-success.
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.
NOTICE OF INTENT TO APPLY DEADLINE: Applicants are encouraged to send a Notice of Intent to Apply by Wednesday, January 13, 2016.
APPLICATION DEADLINE: Applications must be received by 5:00 p.m. EST, Thursday, February 11, 2016. Successful applicants will be notified by April 2016.
Funding Announcement and Application Instructions
Applicants must read the Notice of Funding Availability (Notice) and the Application Instructions to understand the requirements and how to complete an application.
Resources for Applicants
- SIF Pay for Success Competition Fact Sheet (PDF)
- Pay for Success Fact Sheet (PDF)
- Guide to Completing the Application in eGrants (PDF)
- Availability of the National Service Hotline. For additional eGrants assistance, call the Hotline at (800) 942-2677
- Financial Management System Requirements
- Successful applications from past competitions
- Scroll down to the table titled Database of Submitted Applications. Use the drop-down fields to select the Grant Competition Name: Social Innovation Fund and the competition year you would like, then click Apply.
Frequently Asked Questions
Frequently Asked Questions will be compiled and regularly updated. You will find the link to the questions here when they are available.
Webinar/Conference Call Schedule
The Social Innovation Fund will host Notice Overview webinars and live Questions and Answer sessions for potential grant applicants. All webinars will be recorded. Replay information for each call will be posted following the call.