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.
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.Visit Site
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.
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
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.Visit Site
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.Visit Site
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.Visit Site
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.Visit Site
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.Visit Site
Malloy Administration Launches Innovative Solution to Improve Results for At-Risk Infants, Young Children and their Parents
Connecticut Office of Early Childhood
The Connecticut Office of Early Childhood has launched the nation's first ever two-generational outcomes rate card, designed to achieve better outcomes for families by focusing on the child and parent. The OEC will use federal and philanthropic funds to pay providers to achieve key goals, including healthy births, safe children, family stability, and caregiver employment.Visit Site