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SROI project validates CEF impact and purpose

By March 30, 2020No Comments

The opportunity

In 2016 Saul Brady received a grant from the Great Lakes Education Fund.

In 2019, in his final year of study at the University of New South Wales, Saul reached out to CEF and offered to ‘give back’ through his position as a consulting director at 180 Degrees Consulting (180DC), the world’s largest volunteer consultancy organisation. 180DC forms teams of highly capable university students to help non-profits and social enterprises with business challenges and problems.

READ MORE: Saul recognised as CEF Rising Star in 2019 Alinta Energy CEF Alumni Awards

The history

In 2011, Social Ventures Australia (SVA) conducted a Social Return on Investment (SROI) report for CEF and found for every $1 invested there was a $3.11 social return.

CEF saw partnering with 180DC on an updated SROI project as a great opportunity to revisit this number and to validate our impact and purpose in the community.

What is SROI?

CEF founder and Chairman Nick Burton Taylor AM explains: “one of the key indicators for any not-for-profit organisation is the leverage it can gain from donated funds.”

SROI tells the story of how change is being created by an organisation and places a monetary value on that change when compared with the costs required to achieve it.

The result

After a three-month project including intensive data collection and project development, Saul and his team from 180DC had the result. For every $1 invested in the work of CEF a social return of $4.99 is generated.

Mr Burton Taylor said: “to achieve a social benefits return of nearly five to one is testament to the simplicity of our model and the amazing work of our volunteers. Such a result provides us with a high level of confidence that every dollar raised is getting to where it is most needed.”

The who, why, where CEF do what we do…

Ashlea

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