Third Sector Capital Partners
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. A 501(c)(3) nonprofit, Third Sector is supported through philanthropic and government sources. 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. 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. Third Sector Capital Partners, Inc. has also launched projects in Santa Clara County, California, Salt Lake County, Utah, and Cuyahoga County, Ohio.