LEAP believes strongly in supporting organizations with quantifiable social impact. A key tool the Centre uses to assess and communicate impact is social return on investment (SROI). In collaboration with the Boston Consulting Group, LEAP develops SROI models to measure and account for social, environmental, and economic costs and benefits of the interventions in the portfolio.
The concept of social return on investment is broader than that of accounting and financial return on investment. SROI is about the value a particular intervention contributes to society and less about money. LEAP does not use SROI to compare charities, but rather, to gain a deeper understanding of the social impact being achieved by specific programs.
LEAP interprets social return on investment through the lens of government savings. As more game-changing interventions are scaled across Canada and address the most pressing needs of vulnerable communities, the government is able to channel funds towards other areas. SROI enables the Centre to measure the present value of a program’s future benefits to society.