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Case Study

Epic Foundation

26 August 2016

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Successful in integrating monitoring and evaluation throughout the value chain: they are able to connect impact measurement upstream to their Due Diligence process and are fully integrated for monitoring downstream to allow for smart connection and experience of donors of their impact. In the process of piloting a innovative, web-based system that will provide full integration of Epic’s monitoring system with that of their SPOs.

DIMENSIONS

Have a robust method of due diligence collecting information on 15 parameters, which are used for their IA system to track the SPOs performance. Have standardised assessment method for all grantees customised depending on organisation (social enterprises v/s NGOs). Methodology allows for rigorous comparison of SPOs during due diligence and monitoring.

Epic advocates for working across silos and actively leverages the insights of partner organisations to look for additionality and complementarity to Epic Foundation in the impact assessment.

FRAMEWORKS

Conducted extensive review of existing frameworks and learnt from many organisations such as Robin Hood Foundation (USA), Dasra (India), Echoing Green (USA), OECD and UN.

IMPLEMENTATION

Epic is mindful of the SPOs time and worked to design a system of collecting and storing information that is efficient and user friendly. At Due Diligence, 15 parameters are decided on. SPOs then continue to fill information for the same 15 parameters in simple web based forms.

Their overall approach is a highly collaborative exercise with supported SPOs.
This intended purpose is to understand what is working on the ground as a key information for the SPO, Epic and its donors. Epic invests heavily in IA and believes “we should put our money where our mouth is”. Epic believes that for funding high impact organisations it is imperative to measure the impact rigorously and be ready to bear the costs.

PRESENTATION

In 2016, will launch their Impact App (a mobile application) that will let the donors track the impact of their philanthropy investments. The app will provide access to leading performance indicator, pictures and stories about supported SPOs.

 

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

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We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

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