GOSA Releases Social Return on Investment Study of Innovation Fund

June 5, 2015

The Governor's Office of Student Achievement released a Social Return on Investment Report of the four Race to the Top Innovation Fund grantees that focused on high school transitions to college and career. Each program yielded positive outcomes for participating students and positive returns for the community.

The SROI approach focuses on understanding what has changed as the result of a program, what matters to stakeholders about those changes, and the social value (value to stakeholders and society) of those changes. SROI studies involve stakeholders in a transparent process in which verifiable claims about value are founded on qualitative data (such as stakeholder interviews) and quantitative data (such as graduation rates), including financial information (such as program costs). When determining an SROI, money is simply one widely-accepted way of conveying value.

The following programs were evaluated:

  • 21st Century STEM Collaborations: Applications of the Direct to Discovery Model, Barrow County School System
  • STEM for Life Program, Carroll County Schools
  • Student Applied Learning, New Teacher Induction, and Staff Leadership Program, Morehouse College, 
  • Tift County Mechatronics Partnership, Tift County Board of Education

While each program had outcomes uniquely related to its design, the most important driver across all programs of the SROI was the impact of students' postsecondary aspirations and estimates of changes in lifetime earnings as a result of this. Based on this analysis, each program received an upper and lower bound estimate of impact in terms of dollars to account for varied assumptions about the outcomes.

The Executive Summary, Full Report, and Impact Maps for each grantee are included below.