Panel Session: Pay for Success & Social Impact Bonds

A Pay for Success contracting approach may improve results across a broad range of issues affecting vulnerable populations, including workforce development, housing, mental health, and education.

AAFCPAs’ 2021 Nonprofit Educational Seminar (Virtual on April 28, 2021) will feature an insightful panel discussion on this innovative contracting model that drives government resources toward high-performing social programs.

In this 50-minute session, panelists will:

  • Introduce basic PFS program elements, goals, and stakeholders,
  • Spotlight provider stories, and
  • Provide information for those who want to follow-up or get started.

Reserve your “seat” for this complimentary event>>


Moderator: Tom Washburn, CPA, CGMA, Partner, AAFCPAs John Grossman, Senior Fellow, Third Sector Capital Partners Amy Nishman, Senior Vice President of Strategy, Jewish Vocational Services Inc. Mark Attia, Assistant Secretary for Finance and Performance Management, Commonwealth of Massachusetts Co-Moderator: Katie Belanger, CPA, Partner, AAFCPAs

Tom Washburn

Tom is the leader of AAFCPAs’ Community & Economic Development Practice, and highly sought-after by the following interconnected industries: community development financial institutions (CDFIs), affordable housing developers, community development corporations (CDCs), tax credit syndicators, commercial real estate development projects, and other nonprofits operating in the industry. He is an industry leader in advising organizations on tax credit programs fueling the community development industry. Tom holds a BS in Accounting from Bentley University.

John Grossman

John’s vocation is using data, evidence-based practices, finance, technology, and the law to drive outcomes, create greater equity, and enhance accountability in the public and social sectors. He co-built a 45-person national non-profit consulting firm helping government achieve better outcomes for those most in need and managed the nation’s largest Pay for Success project, led the Massachusetts agencies responsible for forensic science and public safety technology, and worked as a prosecutor, launching the country’s first statewide computer crime division. He currently serves as a Senior Fellow to Third Sector Capital Partners and a Senior Advisor to the Roca Impact Institute. He is a member of the Board of Trustees of Concord Academy and leads the board’s Community & Equity Committee. He holds an MBA from the Massachusetts Institute of Technology, a JD from Boston University, and a BA from the University of Pennsylvania. He lives in Newton, MA with his wife, a literacy specialist in a Boston public charter school, and their three children. In college, he worked summers at a dude ranch for kids in Arizona’s high desert.

Amy Nishman

Amy is responsible for leading strategic agency initiatives that bring resources to the agency and help JVS become more coordinated and client-centered. She leads their innovative $15 million Pay for Success project, Pathways to Economic Advancement, the first focused exclusively on workforce development. Amy also works on their Public Policy initiatives, as well as agency-wide data quality and continuous improvement. She develops service delivery models that respond to the changing economy, allowing JVS students to move into and up career ladders. She advances the agency’s Public Policy platform through local and state-level workforce policy solutions, and works to improve JVS’s overall data collection and analysis to best measure our impact.

Amy has worked in social services for over 20 years. Before coming to JVS, she worked at a reproductive health center leading two state-wide initiatives. She has also done public health advocacy as well as worked in various direct service positions assisting people living with HIV, pregnant and parenting adolescents, substance users, and poor and homeless women.

Amy holds a B.A. in Sociology and Women’s Studies from the University of Michigan and Master’s degrees in both Public Health and Social Work from Boston University.

Mark Attia

Mark is responsible for structuring complex capital and project finance transactions that require significant public infrastructure investments intended to spur economic development in the Commonwealth.

Mark leads the Commonwealth’s Social Innovation Financing initiatives, also known as Pay-for-Success or Social Impact Bonds, a series of unique public-private partnerships designed to scale results-driven social services with the goal of measurably improving outcomes for people most in need. These initiatives are focused on juvenile recidivism, chronic homelessness, vocational training for new immigrants and refugees, vocational rehabilitation for Veterans with PTSD, and advancing an evidence-based policymaking agenda.

Mark serves on the Board of Directors of MassHousing, MassDevelopment, and the Massachusetts Housing Partnership, the state’s housing and economic development finance agencies, and the Interagency Council on Housing and Homelessness.

He holds a dual Master’s degree in Urban and Environmental Planning and International Business from the Fletcher School of Law & Diplomacy at Tufts University.

Katie Belanger

Katie is a leader in AAFCPAs’ Human & Social Services Practice. She has extensive experience providing assurance, tax, and consulting solutions to evolving multiservice organizations with complex program offerings and diverse funding sources.

Katie holds a BS in Accounting from Assumption College, and a MSA from Bentley University. She is President of the Executive Committee of AAFCPAs’ Women’s Opportunity Network (WON), dedicated to uphold AAFCPAs core values, and emphasize the importance of creating and maintaining a work environment that promotes diversity.