Social Impact Partnerships to Pay for Results Act (SIPPRA) Projects
The Department of the Treasury (Treasury) is issuing this Notice of Funding Availability (NOFA) to invite applications from State and local governments for awards under the Social Impact Partnerships to Pay for Results Act (the “Act”).
An award recipient will receive payment if a specified outcome of the social impact partnership project is achieved as determined by the project’s independent evaluator.
The payment to the Awardee must be less than or equal to the value of the outcome to the federal government over a period not exceeding ten years from the date implementation commences.
Awards made under this NOFA will be administered by Treasury or by another federal agency with expertise in the social benefits addressed in the proposed project.
Treasury expects to award up to approximately $4 0. 9 million in such competitive project grants under this NOFA.
Treasury will prioritize projects that directly benefit children in order to meet the statutory threshold that 50 percent of awarded funds be used on awards that directly benefit children.
In addition, State and local governments receiving project grants will be eligible to receive a grant for up to 15 percent of the project grant amount to pay for all or a portion of the cost of a statutorily required independent evaluation, which will be paid regardless of whether outcomes have been met.
Treasury expects up to approximately $ 6. 1 million to be available to pay for the costs of independent evaluations under this NOFA.
An award recipient will receive payment if a specified outcome of the social impact partnership project is achieved as determined by the project’s independent evaluator.
The payment to the Awardee must be less than or equal to the value of the outcome to the federal government over a period not exceeding ten years from the date implementation commences.
Awards made under this NOFA will be administered by Treasury or by another federal agency with expertise in the social benefits addressed in the proposed project.
Treasury expects to award up to approximately $4 0. 9 million in such competitive project grants under this NOFA.
Treasury will prioritize projects that directly benefit children in order to meet the statutory threshold that 50 percent of awarded funds be used on awards that directly benefit children.
In addition, State and local governments receiving project grants will be eligible to receive a grant for up to 15 percent of the project grant amount to pay for all or a portion of the cost of a statutorily required independent evaluation, which will be paid regardless of whether outcomes have been met.
Treasury expects up to approximately $ 6. 1 million to be available to pay for the costs of independent evaluations under this NOFA.
Obtain Full Opportunity Text:
SIPPRA Website
Additional Information of Eligibility:
Other Eligible Applicants include the following: Alaska Native and Native Hawaiian Serving Institutions; Asian American Native American Pacific Islander Serving Institutions (AANAPISISs); Eligible Agencies of the Federal Government; Faith-based or Community-based Organizations; Hispanic-serving Institutions; Historically Black Colleges and Universities (HBCUs); Indian/Native American Tribal Governments (Other than Federally Recognized); Non-domestic (non-U.S.) Entities (Foreign Organizations); Regional Organizations; Tribally Controlled Colleges and Universities (TCCUs) ; U. S. Territory or Possession; Non-domestic (non-U.S.) Entities (Foreign Organizations) are not eligible to apply.
Non-domestic (non-U.S.) components of U. S. Organizations are not eligible to apply.
Foreign components, as defined in the NIH Grants Policy Statement, are allowed.
Full Opportunity Web Address:
https://home.treasury.gov/services/social-impact-partnerships/sippra-pay-for-results
Contact:
Agency Email Description:
SIPPRA Program Office
Agency Email:
Date Posted:
2024-02-12
Application Due Date:
Archive Date:
2024-05-15
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