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Journal Article
Pay for Success: opportunities and risks for nonprofits
Across the United States, a variety of social sector stakeholders are looking to ?pay for success? (also known as pay for results or pay for outcomes) approaches to enhance the reach and impact of social programs. As a contribution to this national conversation, McKinsey & Company recently published a comprehensive study on the potential for social impact bonds (SIBs) in the U.S. In discussions of the study?s findings, stakeholders repeatedly stressed that nonprofits are likely to continue providing the majority of social services in the U.S. for some time, even if for-profit or hybrid social ...