Round 2: FY 2016 Social Innovation Fund Pay for Success Cooperative Agreement

NOFA/NOFO End Date: 
Tue, 09/20/2016

The Round 2: 2016 Social Innovation Fund (SIF) Pay for Success (PFS) Grants Competition will provide up to $7.3 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 build the pipeline of "PFS-ready" governments and address the developmental needs of SIF PFS projects to increase the likelihood that they will launch. 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 accelerate the development of Pay for Success projects. 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: https://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/fact_sheets/improving-outcomes-through-pay-for-success_0.pdf.

As part of the Round 2: 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. 


Application Deadline

NOTICE OF INTENT TO APPLY DEADLINE: Applicants are encouraged to send a Notice of Intent to Apply by Wednesday, August 31, 2016
 
APPLICATION DEADLINE: Applications must be received by 5:00 p.m. EST on Tuesday, September 20, 2016. Successful applicants will be notified in November 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

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.

Webinars and Calls for Applicants

The following webinar and calls are provided for prospective applicants to learn more about this funding opportunity
 

Pre Recorded: Social Innovation Fund and Competition Overview Webinar

This presentation provides background information on the Social Innovation Fund and Round 2: 2016 SIF PFS Grants Competition.  It should be viewed prior to participating in the live Question & Answer Sessions. 

Webinar Recording
Webinar Transcript (PDF)

Live: Question and Answer Sessions

Date: Wednesday, August 17, 2016
Time: 3:00 PM Eastern Time
Click here to access the webinar
Dial-in Number: 800-621-9596
Conference number: PWXW9672898
Audience passcode: 2298778

Date: Wednesday, September 14, 2016
Time: 3:00 PM Eastern Time
Click here to access the webinar
Dial-in Number: 800-621-9596
Conference number: PWXW9672901
Audience passcode: 5570404

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