Report: Symposium on Measuring the Impact of Doing Good

The following post was authored by Michele Tarsilla on a symposium on Measuring the Impact of Doing Good held at the University of Toronto.

Measuring results, as challenging as it could be, is nowadays an indispensable activity for all non-profits in Canada that want to stay abreast of the increasing competition within the sector, aggravated by the ongoing financial crisis. That notwithstanding, a considerable number of non-profits nationwide are still struggling to meet the funders’ growing demand for accountability and effectiveness, primarily because they lack the technical capacity to conduct rigorous evaluations of their programs’ impact.

As a result, there is a lack of evidence on the actual benefits produced by a large contingent of social programs and that ends up questioning quite severely the non-profits’ legitimacy vis-à-vis the public opinion. As no viable strategy seems to be available to alter the current scenario as of today, a general consensus is urgently needed within the sector on the two following issues:

  • turning impact evaluation into a strategic management tool
  • enhancing mutual understanding and closer technical collaboration between funders and non- profits

Given the current challenges but also the opportunities embedded within the Canadian Third Sector, the Rotman School of Management’s idea of organizing a symposium on measuring the impact of doing good was particularly welcome. The general response to the Toronto event was so positive that over 200 representatives of non-profit organizations and funders attended it on January 21, 2009.

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Who Can List on a Social Investment Exchange?

One of the intriguing questions to come out last weeks' meeting of social financiers in Bellagio, Italy was: who can list on a social investment exchange?

The current presumption is that the platforms will offer investors a range of social investment opportunities; that is that the platform will vet all investment opportunities and only list those social enterprises (or other hybrid forms) that offer positive social returns.  Sounds simple enough, but it is very difficult in practice: consider what this excludes.

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UK Government Invests in the Social Sector

The UK Government recently announced a commitment of £42.5 million to help volunteers, charities and social enterprise. Highlights include:

  • Up to £10 million investment in volunteer brokerage scheme for unemployed people with create over 40,000 opportunities for people to learn new skills and give back to communities through volunteering.
  • A £15.5 million Community Resilience Fund will provide grant funding to small and medium providers in our most deprived communities. This is in addition to the £130 million already committed to the Grassroots Grants programme meaning more small grants to more community groups.
  • A £16.5 million modernisation fund to help with the cost of mergers, partnerships and moves to more efficient sharing of back office functions for at least 3000 third sector organisations.
  • A £0.5 million investment in the School for Social Entrepreneurs to double the number of people it trains to become social entrepreneurs, particularly those working in deprived communities.
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Inaugural Meeting of the Global Social Investment Exchange

This week the Global Social Investment Exchange meets in Bellagio, Italy at the Rockerfeller Conference Centre.

It is described as:

"With support of the Rockerfeller Foundation's new initiative "Harnessing the Power of Impact Investing", GreaterGood South Africa's Social Investment Exchange is proud to bring together a small group of thought leaders from finance, philanthropy, policy, research and nonprofit/social enterprise practice for four days of serious, creative and visionary debate around the nature of, and potential for, a Global Social Investment Exchange infrastructure."

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Building The Social Finance Marketplace: Lessons from Microfinance

There are lots of discussions are how we can build a social finance`"ecosystem", and I've often remarked that we should look to the microfinance industry for ideas, lessons, and inspiration.

Microfinance has evolved into an industry that isn't niche anymore - millions of people access small loans and repay them back on time, while also taking advantage of microinsurance and a number of emerging products tailored to their unique needs - since more often than ever before, previously "unbankable" clients now have access to financial products from a range of providers. Competition has encouraged MFIs to move upstream and commercial banks to move downstream. More capital has come in from larger funds and institutional investors. We're now seeing the impact of technology - from Kiva to M-Pesa and Wizzit.

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