||SALT LAKE CITY—May 4, 2017—The Sorenson Impact Center at the University of Utah’s David Eccles School of Business has awarded subgrants to five nonprofit service providers and three government entities to participate in a Pay for Success (PFS) feasibility program. The program is funded by the Corporation for National and Community Service’s (CNCS) Social Innovation Fund (SIF) and the Laura and John Arnold Foundation. The eight subgrantees will be the third cohort to participate in the Sorenson Impact Center’s PFS feasibility program, for a total of 27 participants since 2014. For the most recent cohort, nearly 30 applicants (including both government jurisdictions and nonprofits) competed for subgrants. The eighth and final subgrantee was selected on Monday.
“This SIF-funded program has been a cornerstone to many advantageous Pay for Success projects across the country,” said Jeremy Keele, President & CEO of the Sorenson Impact Center. “We’re delighted to offer technical assistance and capacity-building to yet another cohort of government jurisdictions and nonprofits that are dedicating themselves to making a measurable difference in people's lives.”