$100 Million Mobilized and 1.7 Million Lives Transformed
To mark its 10th anniversary, Epic Foundation has released a groundbreaking impact study confirming the strength and relevance of its global, innovative model, at a time when nonprofit funding is under serious pressure.
Epic Foundation, the philanthropic organization providing unrestricted, multi-year funding to impactful non-profits around the globe, is proud to celebrate its 10th anniversary with the release of its impact study. A decade on from its founding, the study finds that Epic has reached significant milestones, mobilizing over $100m to support 57 high-impact organizations across 11 countries and four continents, transforming the lives of more than 1.7m children and young people.
The impact study, conducted by independent social impact consulting firm Koreis, offers a concrete evaluation of Epic’s model. It confirms that through its pro bono “Foundation-as-a-Service” model, Epic channels 100% of donations directly to the organizations it supports. Over 88% of nonprofit/grantee partners described Epic’s funding model as “transformational”, while two thirds of donors said they increased the amount given thanks to Epic’s transparent reporting model.
Epic’s model is driven by the belief that those with the capacity to give are held back by a lack of time, trust, or clear information. At the same time, some of the world’s most impactful non-profit organizations remain limited by inflexible funding mechanisms that restrict their ability to innovate or respond effectively to shifting needs on the ground. Epic’s approach to giving replaces one-off grants with unrestricted, substantial and multi-year funding, giving organizations the visibility and stability they need to plan, innovate, and scale their impact.
Less than half of the $60bn required to meet global humanitarian needs is currently covered by the UN Office for the Coordination of Humanitarian Affairs, demonstrating the need to prioritize trust and accountability in philanthropy. Epic’s model has become a global benchmark for strategic giving and formed the subject of a case study at the Harvard Kennedy School.
“After 10 years, Epic has proven that a different kind of giving is possible — one grounded in trust, strategy, and measurable impact,” Alexandre Mars, Founder and CEO, Epic Foundation.
Further results from the Koreis study show that 92% of organizations reported improved quality and reach of their programs thanks to Epic’s multi-year, flexible funding model; the same number (92%) agreed that Epic’s model enabled them to take more risks and innovate in delivering impact. The full impact study is available on the Epic Foundation website.
In the decade ahead, Epic will continue to build coalitions for more strategic giving and scale up its School of Philanthropy, which offers free educational modules for donors and organizations to help reshape their approaches to long-term giving; providing a new generation of donors with the tools to empower high-impact organizations ground to act with agility in the face of global challenges.
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