CNCS Will Issue $11 Million through Social Innovation Fund Pay for Success Grants Competition
June 27, 2014
The Corporation for National & Community Service announced that the 2014 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition will provide up to $11.2 million in grants to nonprofit organizations and city and state governments seeking to advance and evaluate emerging models that align payment for social services with verified social outcomes. The PFS Competition intends to encourage the implementation of PFS projects to enhance the reach and impact of innovative community-based solutions in low-income communities. States and communities are pursuing PFS strategies supporting interventions to address a number of social challenges, from health interventions to chronic homelessness.
As part of the PFS Competition, each grantee will be awarded between $200,000 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. Applicants should send a Notice of Intent to Apply by July 15, 2014. Applications are due July 31, 2014 at 5 p.m. EST.