The Nonprofit Finance Fund, which has been doing the country an incredible service by conducting rigorous research and sharing information on the emerging Pay For Success (PFS) models in the United States, released its latest report yesterday. NFF describes each of these financing models as “accelerating the transition of the United States social sector from on output-driven funding model to an outcomes-driven funding model” and acknowledges that, as with any new model for anything, there are competing risk trade-offs for the various stakeholders.
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I’m from Minnesota and we’ve never followed the beaten path in the innovation department. Did you know that we invented masking tape, the stapler, and water skis? Started the first children’s department of a U.S. public library? Even coined the phrase, “Holy cow!”?
