News and analysis
July 13, 2014

With a Few Pay-for-Success Plans Under Way, the Idea Is Gaining Currency and Criticism


A participant in the transitional-jobs program at the Center for Employment Opportunities.

Social-impact bonds, one of the most talked-about ideas in the nonprofit world, are quickly building momentum—and sparking controversy over the unproven financing mechanism.

The goal behind the new form of financing is to help government agencies…

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