Nonprofits have always been asked to calculate their cost savings, their financial savings, or their economic impact by creating a Social Return on Investments (SROI). These calculations are complex, and so the Sundance Family Foundation with the help of Ecotone Analytics, set about trying to discover the SROI on it’s new Earn and Learn program by the 2020 grantees.
For every $1 contributed to an Earn & Learn program, there is a projected $3.50 social return on investment (SROI).
In 2020, the Sundance Family Foundation created Earn & Learn from its evidence-based Youth Social Entrepreneurship (YSE) to accelerate pathways that connect young adults to short-term training programs and sustainable 21st century middle-skills careers. The United Nations Sustainable Development Goals (SDG) provide a framework to identify and map the indicators to measure Earn and Learn’s success.
The Sundance Team gathered with youth from several YSE organizations to tour Design Ready Controls, a control panel and wiring harness manufacturer headquartered in Brooklyn Park.
See how Sundance Family Foundation is helping connect employers like Design Ready Controls with job seekers.
Executive Directors and Leaders of nonprofits and foundations created Youth Training Wage recommendations to the Citizens League which then brought them to Minneapolis and St. Paul. The pathway to a sustainable wage as currently implemented in Minneapolis has unintended consequences on youth training programs. The problem resulted from putting the duration of the youth programming into the ordinance itself. As a result it can not be easily amended without voting on the entire ordinance.
Until recent years, Minnesota had one of the lowest minimum wage rates in the nation. To keep up with the increased cost of living, in August 2016, the Minnesota statewide minimum wage rate was raised to $7.87 for small employers (under 100 employees), and $9.50 for large employers. Minneapolis, in October 2017, approved a Sustainable Wage with accelerated paths to reach $15/hr by 2019 for large employers and 2022 for small employers. The minimum wage in Minneapolis as of January 1, 2018 is $10 for all employers rising to $11.50 for large employers and $10.25 for small employers on July 1, 2018. In January 2018, St. Paul Mayor Melvin Carter III said in his inaugural speech that he will also create a Sustainable Wage Ordinance; he asked the St. Paul Foundation to commission a study with the Citizens League to study the unintended consequences of Minneapolis’ Sustainable Wage ordinances.
Sundance Family Foundation and the Minneapolis North leading youth from North Minneapolis high schools on a tour of Graco Inc on October 12th. This tour as a part of the national, “Manufacturing Days”, featured Graco, a neighbor, as one of the over 2000 employers who opened their doors to youth, highlighting the vast array of opportunities found in an industrial vocation. Sponsors included the Minneapolis School District, Workforce Development, The Minnesota Center for Excellence in Manufacturing, and Sundance Family Foundation.