Third Sector Capital Partners

Last updated
Third Sector Capital Partners
Company type 501(c)(3) nonprofit advisory firm
IndustryPolicy advice
Founded2011;13 years ago (2011) San Francisco
FoundersGeorge Overholser, Caroline Whistler, and Drew von Glahn
Headquarters,
Area served
United States
Website www.thirdsectorcap.org

Third Sector Capital Partners, Inc. is a nonprofit advisory firm with offices in Boston, Massachusetts, San Francisco, California, and Washington, DC. Founded in 2011, Third Sector leads governments, nonprofits, and private funders in building evidence-based initiatives and Pay for Success projects. [1] A 501(c)(3) nonprofit, Third Sector is supported through philanthropic and government sources.

Contents

In 2016, president and co-founder Caroline Whistler was named to the Chronicle of Philanthropy's "40 Under 40" and was named by Living Cities one of the nation's 25 Disruptive Leaders. [2]

History

Third Sector Capital Partners, Inc. was founded in 2011 by George Overholser, Caroline Whistler, and Drew von Glahn. It opened offices in San Francisco, CA in 2014 followed by offices in Washington, DC.

Pay for Success

Pay for Success (PFS) is a contracting model that drives government resources toward high-performing social programs. PFS contracts track the effectiveness of programs over time to ensure that funding is directed toward programs that succeed in measurably improving the lives of people most in need.

Massachusetts was the first state in the nation to issue a competitive procurement process to obtain services using social innovation financing. Third Sector was selected to help lead both of the Commonwealth’s initial pilots through to implementation. [3] Third Sector Capital Partners, Inc. has also launched projects in Santa Clara County, California, Salt Lake County, Utah, and Cuyahoga County, Ohio.

Select projects

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References

  1. Third Sector Capital Partners, www.thirdsectorcap.org
  2. "25 Disruptive Leaders Who Are Working to Close the Racial Opportunity Gaps". 22 September 2016.
  3. 1 2 3 "Massachusetts First State in the Nation to Announce Initial Successful Bidders for 'Pay for Success' Contracts".
  4. 1 2 "Massachusetts is among first to 'pay for success' in social programs - The Boston Globe". The Boston Globe .
  5. 1 2 3 "First-in-the-Nation "Pay for Success" Contracts Announced". Archived from the original on 2012-10-18.
  6. 1 2 "Justice Department Announces $58 Million to Improve Reentry Outcomes" (PDF).
  7. 1 2 "Archived copy" (PDF). Archived from the original (PDF) on 2013-11-04. Retrieved 2013-01-31.{{cite web}}: CS1 maint: archived copy as title (link)
  8. "New approach to housing Santa Clara County homeless – The Mercury News". 13 August 2015.
  9. Tribune, Mike Gorrell The Salt Lake. "County launches 'Pay for Success' programs in attempt to cut back on homelessness, incarceration".