The Future of Pay for Success

With OMB Director Shaun Donovan, Civic Leaders, and Innovators


Wednesday, October 14, 2015

3:00 PM – 5:00 PM

The Urban Institute

2100 M St NW

Washington, DC 20037

Pay for success projects have been planned and executed in the United States for the last several years, and results and lessons learned are emerging. Early reflections reveal both the disruptive potential and significant challenges of Pay for Success, an innovative financing mechanism that shifts financial risk away from government and toward new investors who provide up-front funding for evidence-based social programs.

Given what we have learned so far, how can federal, state, and local governments best support further testing of Pay for Success? What are the likely short- and long-term barriers to Pay for Success and how do we ensure a promising future for supporting evidence-based social programs?

On October 14, the Urban Institute, White House Office of Management and Budget Director Shaun Donovan, civic leaders, and social innovation experts reflected on the current state of Pay for Success, examined the lessons learned from the earliest pilots, and looked ahead to the future of this field.

Pictured: Urban Institute President Sarah Rosen Wartell and OMB Director Shaun Donovan.