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  • Outcomes Based Funding
FREE COURSE

Outcomes Based Funding

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Free course

START DATE

 Start anytime

MODE

 Online

DURATION

 2 hrs
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Meet the Expert

Professor Bronwen Dalton

Professor Bronwen Dalton
Management Discipline Group, UTS Business School

Bronwen is the Director of the Masters of Not-for-Profit and Community Management Program at the University of Technology. In 2015, she was Co-Director of the UTS Centre for Cosmopolitan Civil Societies and in 2012, the National Manager, Research, at Mission Australia.

Bronwen completed her PhD at the University of Oxford, where she was awarded the Oxford University Larkinson Award for Social Studies and was the recipient of the British Vice-Chancellors Committee Overseas Research Scholarship and the Korea Foundation Scholarship. She also has a BA from the Australian National University and a MA from Yonsei University, Korea. Bronwen has conducted extensive research in the field of not-for-profit sector studies and has authored book chapters and journal articles on NFP childcare, NFP business venturing, social enterprises and advocacy.

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There is a lot of hype around new funding models for the not-for-profit sector, and it is creating a fundamental shift in the way programs are designed. Together we explore the brave new world of payment by outcomes, how it is changing the sector at large, and what this means for you in your work.

About this course

This is a free, self-paced online course.

If you work in the not-for-profit (NFP) sector, it’s likely you’ve heard the latest buzz words, social return on investment (SROI), social impact investing (SII) or social impact bonds (SIBs), or as they are also known - social benefit bonds (SBBs). These NFP financing models have emerged from the landscape of outcomes-based funding, influenced by the emergence of social finance and impact investing.

This course will explain how these financing models work, the trends that are driving their popularity and how they are impacting the sector. With the help of industry specialists, online discussions and case studies, this course will help you understand, and potentially seek, outcomes-based funding for your own programs.

Course structure

This course will provide you with insight into why payment for outcomes has emerged, what the realities are for not-for-profit organisations and how to decide whether these funding approaches are applicable and the right fit for your programs. The course seeks to help you:

  • Understand the drivers and sectoral trends leading to this model of funding
  • Unpack the social impact bond structure, and how it compares to traditional models of program funding, and
  • Explore some of the academic literature and arguments both in support of and also critiquing these models of funding, including a discussion of some of the ethical considerations associated with payment by outcomes models.

Learning outcomes

As a result of undertaking this free course, you should be able to:

  • Understand the current landscape of outcomes based funding
  • Critically analyse the the drivers and considerations for commissioners
  • Understand social impact bonds and impact investment
  • Critically analyse the benefits and limitations of outcomes based funding models
  • Understand common methods to financialise of outcomes, including social return on investment
  • Assess whether these models are appropriate for your program.

Who is this course for?

This course is recommended for anyone working in the not-for-profit sector, particularly those focused on fundraising, program delivery and social impact evaluation.

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