Our Impact Report
Social Finance Israel´s Impact Report for
2020-2021 is the first one to reflect on our expanded operations since the
integration of Midot in 2020.Over the last 18 months, we worked with partners
to address national challenges in diverse areas such as education, economic
mobility and preventative health – many of them worsened by the COVID pandemic.
We managed six Outcomes-Based Financing projects and have 21 more in
development. We advised 26 key clients across sectors on how to become more
effective and impactful, and awarded the Midot Seal of Effectiveness to 97
To download the report in a PDF format click here or read an interactive version here.
At SFI, we are committed to bringing stakeholders from the public, private, philanthropic and government sectors to work together. One way we enable this work is via our expertise in measuring the costs of social challenges and the benefits of targeted solutions. The result is directing capital investment and expenditure toward measurable social change – both through Outcome-Based Financing instruments, which we have pioneered in Israel, and through partner-led programs. Theoretical models alone don´t bring change. In the report, we feature the actual impact of our projects, such as the 4,650 direct beneficiaries of our Impact Bonds to date. We demonstrate the economic ripple effect: How a modest NIS 21M of grant capital enabled the development of innovative models and programs which raised NIS 49M from impact investors and NIS 75M in commitments from public entities for outcomes payments. These programs generated NIS 97M in cashable savings to government, while the great winner is Israeli society at large: nearly NIS 1.8 billion in economic value generated.
In the report, we use the Impact Measurement Project (IMP) framework, a global standard which we help clients integrate in their work, to present an IMP analysis of our own Impact Bonds. As an example, early in 2021, we launched a Social Impact Bond to reduce the loneliness of 200 elderly people in Tel Aviv. This project was also an opportunity for us to launch the first-ever crowdfunding campaign to raise capital for a Social Impact bond, which was oversubscribed and created over 200 new micro-impact investors in Israel: individuals and families.
This is one way to pursue our mission of growing the impact investing market in Israel, alongside other activities such as 52 publications and a 34% increase in social media engagement.
All of this could have not been done without the diverse group of visionary supporters who fund the core activities of SFI, our board members, and our project partners.
To download the report in a PDF format click here.