Explore this section for latest announcements, ideas, and stories from Nonprofit Finance Fund (NFF) and the Federal Reserve Bank of San Francisco (SF Fed) on Investing in Results.

November 18, 2018 

Getting to Better Health Care at Lower Cost

Antony Bugg-Levine and David Waters

Medically tailored meals are proven to save money. So how can we scale them? This article moves beyond the food is medicine movement to describe the funding necessary to realize the benefits of reorienting our healthcare system to center around partnerships between hospitals and insurance companies, and community based organizations improving conditions that allow people to stay healthy. David Waters will be speaking at our upcoming event, Invest in Results Boston.

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August 14, 2018 

Nonprofit Resource Equity and Access: A Call to Close the Gap

By Kate Crisalli and Peter Kramer

More funders are looking for nonprofits to show evidence that what they are doing is working, which means that stronger nonprofits with the capacity to collect and analyze data are better equipped to do so and thus receive more funding than under-resourced nonprofits who struggle to make ends meet. While being able to articulate and prove your outcomes is important, it's equally important that the sector support nonprofits to build their infrastructure around impact measurement to get to this point, especially since the under-supported nonprofits are often even more connected to marginalized communities that need their services. In this article, NFF's Kate Crisalli and Peter Kramer call on funders to fund a continuum of capacity improvement, form trusting and communicative partnerships with their grantees, grant flexible funds, and look for nontraditional measures of success. In this way, we can better spread resources across the sector and achieve even more outcomes for our communities.

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June 14, 2018 

Partnerships for Shared Outcomes at 501(c)onference Los Angeles

If you're Los Angeles, make sure to swing by Center for Nonprofit Management's 501(c)onference tomorrow to hear NFF's Annie Chang, Associate Director of Advisory Services, moderate a panel on effective partnerships for shared outcomes featuring Interface Children & Family Services' Erik Sternad, Ventura County Probation'sTheresa Hart, and Ventura County Executive Office's Frank Chow and Chrissy Madden.


America cannot meet the ever-increasing need for social services with current approaches. We must find innovative ways to apply knowledge, data, resources, and government purchasing power to improve outcomes while managing costs to support, advance, and engage people and communities. This session will illustrate how three diverse organizations have successfully partnered to launch the Ventura County Project to Support Reentry. All audience members will leave with a free copy of a new book on outcomes – What Matters: Investing in Results to Build Strong, Vibrant Communities – and a tool to assess their organization’s readiness to participate in outcomes-oriented projects.

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May 22, 2018 

Troy’s Kresge Foundation, New Jersey’s Prudential Financial, and the Ballmer Family Invest in the Largest U.S. Pay-For-Success Fund to Date

Grace Turner

Prudential Financial Inc., Steve and Connie Ballmer, and The Kresge Foundation have committed a $40 million investment to The Community Outcomes Fund, created to scale Pay for Success investments in the US. The fully raised fund is expected to be $75 million, and will help align government resources with evidence-based solutions to social challenges.

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May 15, 2018 

A New Model for Financing Nonprofits

by Andrew Ross Sorkin

NPX launched the Social Impact Security on Tuesday. This new financial instrument works by pooling donations into a donor fund, and a separate group of investors then buy into performance-based bonds. The bond money goes to financing the nonprofit, and if its pre-determined outcomes are achieved, the donor funds are used to pay the bondholders.

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May 9, 2018 

NFF Survey: Responding Nonprofits Address Outcomes

In the latest Nonprofit Finance Fund State of the Nonprofit Sector Survey, 73 percent of respondents say their nonprofits are likely to pursue outcomes-based grants and/or contracts in the next two years.

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March 22, 2018 

Antony Bugg-Levine on Dollars and Change

Nonprofit Finance Fund's CEO, Antony Bugg-Levine, appeared on Wharton Business Radio's Dollars & Change program to discuss the founding of Nonprofit Finance Fund, the birth of impact investing, and the movement towards an outcomes-based world.

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February 14, 2018 

How a Police Chief, a Governor and a Sociologist Would Spend $100 Billion to Solve the Opioid Crisis

by Josh Katz

With the American opioid epidemic still raging and the number of deaths climbing, the New York Times asked a panel of 30 experts how they would spend $100 billion to solve it. The consensus was that funding should go towards four major areas: treatment, harm reduction, and demand- and supply-focused solutions. 27% of the pool would be spent on demand-focused solutions, such as community development, post-incarceration support, and education, further cementing the need to spend less on immediate care and more on upstream solutions that help reduce the effects of the crisis for good.

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