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Social Innovation Fund Pay for Success
The Pay for Success Grant Competition seeks to encourage the implementation of Pay for Success strategies
The Corporation for National and Community Service is the nation's largest grant-maker supporting service and volunteering. Through Senior Corps, AmeriCorps and Learn and Serve America programs, the Corporation is a catalyst for change and offers every American a chance to contribute through service and volunteering.
Selected Recipients for this Program
| Recipient | Amount | Start Date | End Date | |
| Social Finance Inc | $ 1,444,724 | 2016-12-12 | 2019-12-11 | |
| Third Sector Capital Partners, Inc. | $ 2,400,000 | 2016-12-12 | 2019-12-11 | |
| Green & Healthy Homes Initiative, Inc. | $ 1,778,785 | 2016-12-12 | 2019-12-11 | |
| Corporation For Supportive Housing | $ 1,142,061 | 2016-12-12 | 2019-12-11 | |
| Third Sector Capital Partners, Inc. | $ 576,865 | 2016-10-01 | 2019-09-30 | |
| Leland Stanford Junior University, The | $ 922,893 | 2016-10-01 | 2019-09-30 | |
| Urban Institute (the) | $ 1,050,000 | 2016-10-01 | 2019-09-30 | |
| University Of Utah, The | $ 1,500,000 | 2016-10-01 | 2019-09-30 | |
| University Of Utah, The | $ 1,932,428 | 2016-09-27 | 2019-09-26 | |
| Social Finance Inc | $ 667,893 | 2016-09-27 | 2019-09-26 |
Program Accomplishments
Not Applicable.
Uses and Use Restrictions
Grant funding can be used to advance and test emerging Pay for Success models, which are often structured to align government or private sector payments for social services with verified social outcomes.
Awards should be used in areas aligned with Social Innovation Fund's priorities: Youth Development, Economic Opportunity, and Healthy Futures.
Restrictions on use of funds are described in the program?s Notice of Federal Funding.
Use of funds must be consistent with funded application, and are subject to the Corporation for National and Community Service?s (CNCS's) grants administration laws, regulations, and policies.
Eligibility Requirements
Applicant Eligibility
See program?s Notice of Federal Funding.
Beneficiary Eligibility
See program?s Notice of Federal Funding.
Credentials/Documentation
Various records and forms required for first time applicants, as well as a copy of the applicant's last audit, may be requested. First time applicants must certify financial systems. 2 CFR 200, Subpart E - Cost Principles applies to this program.
Aplication and Award Process
Preapplication Coordination
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. See program?s Notice of Federal Funding and application instructions for information on other application procedures.
Award Procedures
See program?s Notice of Federal Funding and application instructions for information on award procedures.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
National and Community Service Act of 1990, as amended., Public Law 101-610, 123 Stat. 1565-1571 , 42 U.S.C 12653k ; Federal Grant and Cooperative Agreement Act, 31 U.S.C 6301-6308.
Range of Approval/Disapproval Time
From 60 to 90 days. See program?s Notice of Federal Funding.
Appeals
From 60 to 90 days. CNCS does not offer an appeals process.
Renewals
See program?s Notice of Federal Funding.
Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula. Matching Requirements: Percent: 100%. See program?s Notice of Federal Funding. This program does not have MOE requirements. See program?s Notice of Federal Funding.
Length and Time Phasing of Assistance
Assistance is usually awarded for project periods of three or more years; funding must be obligated during the award project period and liquidated by the end of the closeout period. Method of awarding/releasing assistance: lump sum.
Post Assistance Requirements
Reports
No program reports are required.
Cash management reports are required.
CNCS uses the US HHS Payment Management System for payments and cash management reporting.
Progress reporting requirements are described in the awarded grant terms and conditions or provisions.
CNCS collects Federal Financial Reports (FFRs).
FFRs are collected electronically by the HHS Payment Management System for CNCS.
CNCS and its grant recipients are required to practice risk-based monitoring and routine field and desk-based oversight of all grant awards and expenditures.
Audits
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. CNCS grants are subject to audit by CNCS employees, the CNCS Inspector General, the Government Accountability Office, and auditors contracted by CNCS.
Records
Grant recipients must maintain all grant financial and program records for a period of three years from the date of submission of the final Federal Financial Report for the award. This includes but is not limited to all financial records including receipts, disbursements, and vouchers for federal and non-federal costs; time cards, copies of all contracts, personnel records, and job descriptions; program execution and performance records, criminal history checks, and similar records to reflect all activities and spending performed under the award. Note that all individuals receiving a salary, living allowance, stipend, National Trust Education Award or similar compensation through a national service program funded by CNCS must first clear a National Service Criminal History Check and those check records must be maintained within grant records.
Financial Information
Account Identification
95-2728-1-4-000.
Obigations
(Project Grants) FY 16 $10,000; FY 17 est $0; and FY 18 est $0 - No new grants will be made.
Range and Average of Financial Assistance
No Data Available.
Regulations, Guidelines, and Literature
See program?s Notice of Federal Funding for information on literature.
Information Contacts
Regional or Local Office
None.
Headquarters Office
Patricia Carpenter Corporation for National and Community Service Social Innovation Fund 250 E Street, NW, Washington , District of Columbia 20525 Email: pcarpenter@cns.gov Phone: 202-606-6895
Criteria for Selecting Proposals
Proposal selection criteria are described in the program's Notice of Federal Funding.
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