Abt Wins New Projects to Evaluate, Support Pay for Success Programs

BETHESDA, Md., Oct. 22, 2014 /PRNewswire/ -- Pay for success programs are innovative funding models that allow private investors to fund social and health interventions in partnership with federal, state, and local governments to yield a return on investment for private investors and yield stronger outcomes and results for the public sector. To help governments better understand this emerging model of social finance, Abt Associates is evaluating the Corporation for National and Community Service's Pay for Success (PFS) Grant Program, and in partnership with Third Sector Capital Partners, Inc. providing technical assistance to local and state governments looking to develop pay-for-success projects.

The PFS Grant Program funds technical assistance and deal structuring activities for financing social services in the areas of youth development, economic opportunity, and healthy futures.  Under a one-year contract, Abt will evaluate the effectiveness of PFS grantees in completing activities and developing partnerships; describe the effects of the PFS Grant Program; and distill the lessons that can be learned from the program. 

"This adds to Abt's growing body of expertise in applying rigorous evaluations to pay for success programs," said Mary Joel Holin, vice president of Abt's Social and Economic Policy Division.

In addition, Abt will serve as a subcontractor to Third Sector Capital Partners, Inc., one of eight grantees funded by CNCS under the Social Innovation Fund Pay for Success Grants Competition. Under the three-year project, Abt will work with Third Sector Capital Partners to provide technical assistance to local and state governments pursuing pay for success programs.

"We look forward to working with Third Sector Capital Partners, Inc. and the Social Innovation Fund to provide local and state governments with assistance in identifying evidence-based approaches to solve some of today's most pressing social challenges through a pay for success approach," said Deborah Klein Walker, a vice president and Senior Fellow in Abt's U.S. Health Division.

To learn more about applying for Pay for Success Technical Assistance services, join the webinar hosted by Third Sector and its partners on Friday, October 24, 2014 from 3:00-4:00 p.m. EDT. To register, visit: https://attendee.gotowebinar.com/register/4210129340304467457

For more information on Abt's pay for success work, visit: http://www.abtassociates.com/NewsReleases/2014/Abt-Associates-Tapped-to-Support-Roca-as-the-Nonpr.aspx

About Abt Associates
Abt Associates is a mission-driven, global leader in research and program implementation in the fields of health, social and environmental policy, and international development. Known for its rigorous approach to solving complex challenges, Abt Associates is regularly ranked as one of the top 20 global research firms and one of the top 40 international development innovators.  The company has multiple offices in the U.S. and program offices in more than 40 countries. www.abtassociates.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/abt-wins-new-projects-to-evaluate-support-pay-for-success-programs-601995277.html

SOURCE Abt Associates

Related Links

http://www.abtassociates.com