Adani Foundation

SROI study to reflect, evaluate and measure the impact created by education initiatives, in order to ensure continuous effectiveness of the foundation’s work.

Adani Foundation


Kutch, Gujarat

Key Highlights

  • 509 respondents participated in the study 
  • 138 teachers, 156 parents and 215 students across 33 schools 
  • 8 different programs were assessed
  • The final SROI calculated for all interventions accounted to 1 : 1.33

Social Return on Investment Study (SROI) of education initiatives

The study was initiated to understand stakeholder perception of programs and involve them in planning of future programs. It helped get a better insight into areas of concern and improvement, thereby making changes to ensure AF’s mission of inclusive and sustainable societies. With the SROI study, AF was able to understand that infrastructure development was more valued than training or programmatic support. Respondents were able to provide the research team with perspectives on material value like how much the program helped them save or derive value.

Research Tools

01. Participatory tools (dotmocracy, card sorting, visual aids)
02. Contingency Valuation


The study involved stakeholders like parents, teachers and students; to understand how education support (infrastructure development, teacher training, learning programs, health awareness, etc.) provided by AF under its CSR impacted them. Recognizing factors like attribution (discounting contributions of Government programs, other NGOs, etc.) more realistic impact could be ascertained. Concepts of deadweight and drop-off help to not over-claim. The results were shared with stakeholders and discussed, to verify results and make necessary programmatic course corrections.