Pay for Success (PFS) is an innovative funding model that drives government resources toward social programs that provide measurable results to the people who need them most. In Pay for Success projects, strong service providers are selected to deliver high-quality, preventative programs with pre-defined, target community outcomes. Mission-driven investors cover the upfront costs of delivering these programs. If the predetermined goals are achieved, as measured by an independent evaluator, the government repays those who made the original investment for programs that have effectively addressed community issues.
The Community Foundation of Utah is the financial and legal intermediary for the current Salt Lake County Pay for Success Initiative.
Current Salt Lake County Pay for Success Projects
Selected Provider: First Step House
Selected Provider: The Road Home