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NDIS Board and Advisory Council Named | Pro Bono Australia

NDIS Board and Advisory Council Named | Pro Bono Australia | Australian Not for Profits | Scoop.it
Long-standing champion of disability reform in Australia and President of Philanthropy Australia, Bruce Bonyhady AM, has been appointed as the inaugural Chair of the Board of DisabilityCare Australia.
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Rescooped by John Burgher from Social Finance Matters (investing and business models for good)
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Social Innovation in Acceleration: Building the Social Impact Bond Ecosystem - Forbes

Social Innovation in Acceleration: Building the Social Impact Bond Ecosystem - Forbes | Australian Not for Profits | Scoop.it

In 2009, The Rockefeller Foundation gave a grant to Social Finance UK to develop a then unknown innovative finance tool called the social impact bond.  Targeting the emerging impact investing sector, social impact bonds are an innovation aimed at using private dollars to invest in proven prevention-driven programs that were typically funded by the government.  If the service program is successful, the government will pay back the investor with interest.  Governments only pay for results and may save money, service providers can bring their programs to scale, and investors make a return – both financial and social – a win-win-win.

Fast forward just 4 years, and the concept of social impact bonds is being piloted in the UK, and has caught the attention of Mayors and Governors throughout the US – from Massachusetts, to San Francisco, to New York City and beyond.


Via W. Robert de Jongh
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The SROI Network

The SROI Network | Australian Not for Profits | Scoop.it
The SROI Network promotes the use and development of the Social Return on Investment methodology internationally. The SROI Network is a membership organisation and a company limited by guarantee.

Via LOHAS
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LOHAS's curator insight, February 26, 2013 3:33 PM

What is Social Return on Investment (SROI)?

SROI is based on seven principles:

    Involve stakeholders
    Understand the way in which the organisation creates change through a dialogue with stakeholders
    Understand what changes
    Acknowledge and articulate all the values,  objectives and stakeholders of the organisation before agreeing which aspects of the organisation are to be included in the scope; and determine what must be included in the account in order that stakeholders can make reasonable decisions
    Value the things that matter
    Use financial proxies for indicators in order to include the values of those excluded from markets in same terms as used in markets
    Only include what is material
    Articulate clearly how activities create change and evaluate this through the evidence gathered
    Do not over-claim
    Make comparisons of performance and impact using appropriate benchmarks, targets and external standards.
    Be transparent
    Demonstrate the basis on which the findings may be considered accurate and honest; and showing that they will be reported to and discussed with stakeholders
    Verify the result
    Ensure appropriate independent verification of the account

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NDIS will be a Gillard legacy: Napthine - Ninemsn

NDIS will be a Gillard legacy: Napthine - Ninemsn | Australian Not for Profits | Scoop.it
Victorian Premier Denis Napthine says former prime minister Julia Gillard and former Victorian premier Ted Baillieu will share the NDIS as a legacy.
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