Agency to Open New Round of Pay-for-Success Grants

As the Corp. for Nat’l & Community Service prepares the FY 2015 Social Innovation Fund solicitation, the agency releases a list of grantees from this year’s competition, which focused on programs for children and youth.

The Pay for Success Grants Competition (CFDA Number: 24.024) in FY 2014 distributed $11.2 million in multiple awards (a dollar-for-dollar match was required). If CNS follows the same funding track as this year, the FY 2015 NOFA will be released in June, with a July 31 deadline. State and local governments and nonprofits with or without 501(c)(3) status are eligible to apply.

The initiative pays venture capitalists dividends for investing in worthwhile projects that help the poor, teens and the underserved. It is the federal government’s version of the privately based Social Impact Bond (SIB).

The list of FY 2014 awardees gives some indication of what programs CNS likes and will support with SIF money. They are:

  • Green & Healthy Homes-Coalition to End Childhood Lead Poisoning (http://tinyurl.com/nvhno8s): With a grant of $1.011 million, the program will assess the feasibility of constructing asthma-related PFS projects and will provide technical assistance to healthcare organizations and nonprofit service providers. This program will be based on the asthma-focused PFS project that is being explored in Baltimore by a partnership between GHHI, the Calvert Foundation and Johns Hopkins HealthCare and Health System.
  • Institute for Child Success (http://tinyurl.com/khzeakn): With a grant of $782,412, ICS will provide technical assistance to help jurisdictions use PFS financing to improve outcomes for children and families. ICS will provide technical assistance to jurisdictions for 9-to-12 months with a goal of yielding five early childhood PFS deals in five years.
  • National Council on Crime and Delinquency (http://tinyurl.com/m898gvs): With a grant of $863,959, NCCD will assist three state or local governments or nonprofit organizations to build their capacity to use PFS to promote interventions addressing positive youth development, with a focus on juvenile justice or child welfare system-involved youth or youth at risk of entering or crossing over into these systems.

About Frank Klimko

Frank Klimko is a nationally known journalist, grants expert and speech writer/speaker. He has years of experience helping nonprofits devise lists of the right funding opportunities and secure funding from these foundations and corporate entities. Clients have focused on an array of areas including child care, homeless, hunger and K-12 education. Additionally, he is a Freedom of Information Act expert, who has helped numerous clients with securing proprietary information from the federal government. Currently, Frank Klimko writes the Children & Youth Funding Report and Private Grants Alert, which are Washington DC-based publications. CYF is a daily publication covering Congress, the Education Dept. and the various federal regulatory agencies. PGA, another daily publication, covers the world of private philanthropy.
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