Third Sector Capital Partners, Inc.
For General Operating Support
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Amount$100,000
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Program
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Date Awarded7/15/2014
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Term12 Months
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Type of SupportGeneral Support/Organization
Strategies
Overview
Third Sector Capital Partners (TSCP) was founded to support the development of the pay-for-success financing market for social benefit programs. TSCP serves nonprofits and government agencies working to implement a social impact bond or similar financing mechanism. In 2012, TSCP was the first intermediary in the country to successfully implement a pay for success contract; it was in Massachusetts with nonprofit partner ROCA, Inc. focused on reducing the rates of juvenile recidivism. Since then, TSCP has 8 other projects in development, of which 5 are under negotiation. TSCP has gained recognition as a strong thought leader and implementer in the pay-for-success field.
About the Grantee
Grantee Website
thirdsectorcap.org
Address
200 Clarendon Street, 9th Floor, Boston, MA, 02116, United States
Grants to this Grantee
for general operating support
Third Sector Capital Partners (TSCP) was founded to support the development of the pay-for-success financing market for social benefit programs. TSCP serves nonprofits and government agencies working to implement a social impact bond or similar financing mechanism. In 2012, TSCP was the first intermediary in the country to successfully implement a pay for success contract; it was in Massachusetts with nonprofit partner ROCA, Inc. focused on reducing the rates of juvenile recidivism. Since then, TSCP has 8 other projects in development, of which 5 are under negotiation. TSCP has gained recognition as a strong thought leader and implementer in the pay-for-success field.
