At all of its levels, a primary function of government is give out money. Government "funds" many groups to carry out public purposes. This book presents a new approach which shifts funding to investment. It replaces the traditional "Request for proposal" process with a sharp focus on key investor questions: "What are we buying?" and "What is the probability we will get it?" "Outcome Funding" asks grant-seekers to define their customers, their product, and their performance target. The long proposal becomes a short plan as ...
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At all of its levels, a primary function of government is give out money. Government "funds" many groups to carry out public purposes. This book presents a new approach which shifts funding to investment. It replaces the traditional "Request for proposal" process with a sharp focus on key investor questions: "What are we buying?" and "What is the probability we will get it?" "Outcome Funding" asks grant-seekers to define their customers, their product, and their performance target. The long proposal becomes a short plan as government (as well as foundations and other donors) seek to make their money work as hard as do their people. A key gain to grant-seekers; they no longer have to write one long document to get money and another to spend it. The framework presented has been tested in a number of states and local governments throughout the U.S. Authors are Harold S. Williams, President of The Rensselaerville Institute, Arthur Y. Webb, Chief Executive Officer of the Village Centers of Care and William J. Phillips, Director of the Innovation Group at The Rensselaerville Institute.
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