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SROI Report 2024
( 2020-2023): Three Year Research Project with NUIG Galway yielded excellent results:
The DCU CSN engaged with the UNESCO Child and Family Research Centre in Galway in the SROI process:
Report of findings:
Outcomes most valued by participants
As a result of being involved in the DCU Changemaker Network, the most valued outcomes achieved by children, teachers and school leaders as a result were an:
- Increase in their level of empathy
- Increase in their feeling of social inclusion
- Increase in active citizenship / civic engagement
- Increase in feeling of responsibility
- Increase in their sense of pride
- Increase in their self-confidence
- Increase in their sense of achievement
Total Social value and Return-on-Investment Ratio
- We found that the total social value generated for project participants was €5.1m with a total cost of €302,000 over three years.
- The social return-on-investment ratio is, therefore, 1:17. This means that for every euro of investment in the DCU Changemaker Network, there was €17 of social value created for participants.
May 2024
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Social Return on Investment (SROI)
Exploring the Social Value and Return on Investment for the DCU Changemaker Network
Authors: Cormac Forkan, Tanja Kovacic, Caroline Fahy, Annemarie Shalloo, Brendan Dolan, Tim Goodspeed, & Pat Dolan.
UNESCO Child and Family Research Centre, University of Galway. May 2024
Notes on Calculating the Value Map: To translate the well-defined outcomes into a monetary figure, an Irish ‘anchor’ was developed to feed into the SROI calculation. At the Fund level, self-confidence was found to be one of the key individual contributors to wellbeing and was directly the most common well-defined outcome at a Fund Level. Multivariate regression analysis was carried out. The model was found to be significant, explaining 40.5% of the variance in quality of life. In cooperation with Tim Goodspeed, the evaluation team performed the overall calculation of self-confidence as an Irish anchor. This calculation included the following steps:
The value of self-confidence as an anchor is €7.778. Based on this anchor, the monetary values for other outcomes were calculated. The specific values for this project are included in the Value Map. |