Increased Collaboration
More consistent measurement, sharing of outcomes, and greater collaboration creates positive change.
Ecstra is backing financial wellbeing initiatives that promote broader cross-sector and interdisciplinary collaboration.
A genuine, collaborative approach is needed where community organisations, government, business, educators, consumer advocates and researchers work together and share expertise learnings and insights. The perspective of those with lived experience must be included, particularly when forming policy responses.
Applying consistent measurement and evaluation approaches will improve our understanding of the impact of our collective efforts. It will also contribute to a more rigorous evidence base of what works in building and sustaining financial wellbeing.
To meet these challenges, Ecstra has developed an Impact and Measurement framework with Social Ventures Australia.
These practical online tools help our grant partners consistently measure the impact of their work and share insights and feedback. The framework also helps Ecstra measure and track our organisational contribution and effectiveness.
Research report: Opportunities for Australia to improve financial literacy approach - June 2024
New research commissioned by Ecstra Foundation shows that many countries, including Australia, continue to grapple with how to improve financial literacy in the face of economic and social headwinds. The findings suggest that Australia could learn a lot from the approaches of other countries.
The report, “International Approaches to Progressing Financial Capability: An Overview”, by Social Ventures Australia (SVA), looks at international trends in financial literacy and capability, and identifies key ideas and approaches that may be relevant to the Australian context.
Read the report here.
Ecstra Foundation 2023 Impact Report
Ecstra's 2023 Impact report celebrates our partnerships, progress and outcomes to date, contributing to the financial capability and wellbeing of Australians across all life stages.
Over four years, Ecstra has worked with 134 partners across Australia, committing to 184 grants and $33 million in funding to support a range of financial education, consumer care and community initiatives. This includes measuring and sharing outcomes.
Read the report here.