This report provides a forecast Social Return on Investment (SROI) analysis of the Country Education Foundation of Australia (CEFA).
CEFA is a national not-for-profit organisation which assists rural and remote communities around the country establish Local Education Foundations. These local foundations raise funds that are used to provide ‘non-cash’ grants to local youth to assist them with their transition from high school into further education, training or vocations.
CEFA’s mission is to ensure that a greater number of young people as possible from rural Australia have the opportunity to pursue their chosen area of tertiary study or vocation by providing much needed catalytic financial support and community encouragement.
In 2010, a total of 28 active foundations have awarded 338 grants for a total value of $520k ($370k of CEFA grants plus $150k in partner’s co-funding).
In order to assess the social value that is created by CEFA’s operations, CEFA engaged Social Ventures Australia (SVA) Consulting to conduct a Social Return on Investment (SROI) analysis. SROI is a framework for measuring and accounting for the broader concept of value which incorporates social, environmental and economic benefits for a range of stakeholders. It is an internationally recognised methodology that is guided by principles and a standard process.