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PhilanthropyU Results-Based Financing

Course Schedule

Course Details

  1. Length

  2. Effort

    2-3 hours per week
  3. Certificate

  4. Language



Sonal is an economist and entrepreneur and has spent her career focused on economic policy and actionable innovation in the public and private sectors. She is a professor of practice and the founding executive director of the Beeck Center for Social Impact and Innovation at Georgetown University.


Paul Brest is Professor and Dean Emeritus (active) at Stanford Law School, a lecturer at the Stanford Graduate School of Business, and a faculty co-director of the Stanford Center on Philanthropy and Civil Society. He was previously president of the William and Flora Hewlett Foundation.

INSTRUCTORAvnish Gungadurdoss

Avnish is the co-founder and managing partner at Instiglio, an organization that ties funding to results, making sure every cent spent fighting poverty has the greatest possible impact. Avnish formerly worked for MIT's Poverty Action Lab (J-PAL), for the World Bank, and as a consultant to a DFID challenge fund.

About This Results-Based Financing Course

Usually, when an organization is funded to deliver a service, they are obligated to deliver that service even if it is ineffective. However, when funding is tied to results, organizations can experiment with new and impactful ways to achieve their outcomes. To deliver impactful outcomes to the communities that you serve you need to think expansively and promote new discoveries. Results-based financing can be a powerful tool to achieve that.

This course will help mid-sized mission-driven organizations evaluate results-based financing as an option for their organization and plan for this type of funding. In this course, you will learn about the expectations of results-based financing, the various type of results-based financing available, and organizations who have had great success moving to a results-based financing approach.

Course Topics

  • Module 1: Identify Outcomes
    Describe an outcome that your organization seeks to achieve
  • Module 2: Define Outcome Metrics
    Identify the metrics you will use to measure your outcome
  • Module 3: Move from Outcomes to Results-Based Financing
    Consider why an organization would go from measuring outcomes to being paid for them
  • Module 4: Understand Results-Based Financing Options
    Evaluate the fit of various kinds of results-based financing contracts for your own organization
  • Module 5: Learn from a Case of Results-Based Financing
    Apply learnings from a real life example of results-based financing
  • Module 6: Prepare for Results-Based Financing
    Assess your organization’s readiness for results-based financing

Who Should Take This Results-Based Financing Course?

This results-based financing course is best suited for medium-sized nonprofit organizations who have a clear understanding of their outcomes as well as robust and reliable data collection to measure those outcomes. Organizations who have a robust theory of change and are experienced in measuring their activities and results will find this course most useful. This course will help organizations evaluate if results-based financing is a good fit for them, but it will be important to start with a solid measurement system as a foundation for this course.

You will need a device that allows you to listen to audio, access course materials, and upload your assignments.


The University is a non-degree, diploma or credit-granting initiative. Philanthropy U, Inc. is the concept developer and sponsor of the initiative. Learners are not entitled to earn college or other academic credit.

Learners are eligible to receive a Certificate of Achievement for this course through the Haas School of Business at the University of California, Berkeley (Berkeley Haas). Berkeley Haas is known for its role in defining a new generation of business leaders with a focus on social impact. Ranked #2 among all business school nonprofit programs in the United States (US News & World Report, 2017), Berkeley Haas inspires and empowers innovative solutions to pressing social and environmental challenges through the work of the Institute for Business and Social Impact (IBSI) and the Center for Social Sector Leadership (CSSL).

To earn a Certificate of Achievement for this results-based financing course, you need to earn more than 50% of possible points on quizzes and assignments to obtain a passing grade. Quizzes are worth 15% of your total score, while assignments are worth 85%.


© 2018 Philanthropy U, Inc. All use, reproduction and distribution of content in this course is subject to a CC-BY-NC license.