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Since 2007, Social Ventures Australia (SVA) Consulting has completed over 400 projects with over 200 organisations across employment, education, community services, health and indigenous affairs. The SVA Consulting Quarterly brings together what they have learned from their work and the insights they have gained in new practices, novel methodologies and fresh wisdom.
What is social impact? How do I get involved? This flyer from SIAA’s Start Social Impact scheme will answer some of your questions.
On March 26, 2003, The Goldman Sachs Foundation and The Rockefeller Foundation hosted over fifty funders at Goldman Sachs offices in New York to discuss the issues surrounding assessing social impact and social return on investment (“SROI”). We were pleased with the high level of interest in this topic and the insights articulated during the day’s discussions. Our focus was on two thematic fields: education/youth development and community development/employment.
The purpose of the meeting was twofold:
- To convene a cross-section of charitable and double bottom line funders to discuss and learn from various approaches to assessing social impact and social return on investment in both the nonprofit and for-profit sectors
- To begin a dialogue on developing a common set of expectations for metrics or standards that could be used in the education/youth development and community development/employment sectors to assess the social impact of philanthropic and other social purpose investments.
External Databases and Resources
IMPACT Magazine is a free, student-run publication at the University of Pennsylvania focused on social impact. Released in print and online, each edition of IMPACT Magazine has a different social impact theme, such as Education, with the purpose of informing, engaging, and inspiring readers about the ongoing issues and action affecting youths, particularly in Philadelphia.
More than 6400 publications have now been selected by TSRC for inclusion in the Third Sector Knowledge Portal - an easy-to-use online library of research, evidence, and analysis.
It has been developed by TSRC in partnership with the British Library and the Big Lottery Fund, and brings together over 6000 works such as: impact reports from third sector organisations; academic research projects; government studies; and more, in one collection of downloads, links and summaries.
The Learning for Social Impact site, part of McKinsey’s Social Sector Office, was developed to help funders, their grantees, and other essential partners achieve social change by offering best practices, guidelines, tools, insights, and practical help in developing assessment plans that drive social impact.
Information is included on what social impact assessment is, their perspective on learning driven assessment, designing a learning driven assessment and voices from the field.
The Education Endowment Foundation (EEF) is an independent grant-making charity dedicated to breaking the link between family income and educational achievement, ensuring that children from all backgrounds can fulfill their potential and make the most of their talents.
The EEF exists to fund, develop and evaluate cost-effective and replicable projects which address educational disadvantage.
Their focus is on supporting projects that show promising evidence of having a measurable impact on attainment or a directly related outcome. We are interested in testing projects’ effectiveness through robust independent evaluations, wherever possible as randomized controlled trials. If they are shown to have an impact, they should be able to be replicated and scaled up to improve outcomes for other disadvantaged pupils.
This report gives an overview of Student Hubs impact during 2013-2014. Student Hubs is a growing network of ‘Hubs’ in UK universities supporting student involvement in social action.
This report from LiverpoolSU, Liverpool John Moores University (LJMU) ,highlights some of LiverpoolSU’s key achievements over the last year, demonstrating the impact they have had on their members both as LJMU students, and as residents of Liverpool, from January to December 2013.
NOW provides training and employment services for people of all abilities. This is a social impact infographic card for their activities from 2012 to 2013.
This report gives an overview of Student Hubs impact during 2012-2013. Student Hubs is a growing network of ‘Hubs’ in UK universities supporting student involvement in social action. They are currently working with university students in Bristol, Cambridge, Oxford, Oxford Brookes, Imperial, SOAS, Southampton, Warwick and on national student initiatives.
Future First’s vision is that every state secondary school and college should be supported by a thriving, engaged alumni community that helps each one to do more for its students.
United Way Australia’s first Community Impact Report documents their community impact in Sydney, Melbourne and Brisbane in 2012, focusing on three priority areas for impact: education, income and health. They developed a framework for representing the varying scale, complexity and nature of their work with input from the Centre for Social Impact.
Fifteen London is a social enterprise restaurant owned by Fifteen Foundation, which runs an apprentice programme for young people in need of a second chance in life. This social report focuses on the core stakeholder group: the young people.
The outcomes matrix is a tool to help social investment financial intermediaries (SIFI’s) and social sector organisations to plan, measure and learn about their social impact. It aims to develop common ground and language for social investment and impact assessment in the social sector. The outcomes and measures are not intended to be prescriptive or exhaustive but should provide a helpful starting point for organisations to consider their social impact.
PerformWell is a collaborative effort initiated by Urban Institute, Child Trends, and Social Solutions in the United States. PerformWell provides measurement tools and practical knowledge that human services professionals can use to manage their programs’ day-to-day performance. Information in PerformWell leverages research-based findings that have been synthesized and simplified by experts in the field. By providing information and tools to measure program quality and outcomes, PerformWell helps human services practitioners deliver more effective social programs.
Working Papers and Research
An Independent Research Report on the Practices, Impact and Implications of Inspiring Scotland’s First Five Years authored by Gates Scholar, Noah J. Isserman, at the University of Cambridge. This report examines, in depth, the practices and methods employed by Inspiring Scotland venture philanthropy fund and it is the result of four years of research.
This working paper from Neil Reeder and Andrea Colantonio (LSE) provides an overview of the underlying concepts of impact investing as a form of socially responsible investment. Drawing on relevant literature, this paper casts a critical eye on the roles and responsibilities within measurement, making more explicit the subjective interpretation of social and environmental return (SER) by investors, and the clash of suppositions taken from other older measurement traditions.
This paper by Daniel Fujiwara from the LSE launches a national discussion on identifying the evidence needs to prove the impact of adult learning for decision making at local and national level. This piece of research flows from two pieces of NIACE work: on behalf of the Local Government Association exploring the changing strategic role of adult learning and skills in communities; and our work for the Skills Funding Agency completing Social Return on Investment (SROI) analyses with a sample of Adult and Community Learning Funding projects, in partnership with the SROI Network. Using the Well-being Valuation (WV) approach, this paper shows that adult learning adds value to many wider agendas.