AmeriCorps Seniors is composed of three programs: the Foster Grandparent Program (FGP), the Senior Companion Program (SCP), and the Retired and Senior Volunteer Program (RSVP). Throughout the United States, FGP engages volunteers age 55 and over to serve in communities as role models, mentors, and friends to children. SCP engages volunteers to provide assistance and companionship primarily to elderly individuals—and also to people with disabilities—who have difficulty with daily living tasks.
The goal of the study was to explore and quantify the return on investment (ROI) of the FGP and SCP AmeriCorps Seniors programs.
The research questions include:
- What are the benefits of the AmeriCorps Seniors FGP and SCP programs to participants, volunteers, caregivers, private insurance companies, other healthcare payers, and the federal government?
- What were the program costs for FY18 (October 1, 2017 – September 30, 2018)?
- What is the ROI as measured by total benefits per dollar, total benefits per funder dollar, and federal government benefits per federal dollar?
The study found the following:
- This study estimates that the AmeriCorps Seniors Foster Grandparent Program (FGP) and Senior Companion Program (SCP) generate an ROI of $3.50 per funder dollar. FGP alone has an ROI of $2.75 per funder dollar, while SCP has an ROI of $5.08 per funder dollar.
- FGP & SCP contributed to the significant savings in healthcare expenditures and assisted living expenditure savings from their improvement in health outcomes of participants, volunteers, and caregivers.
Return on Investment (ROI) Studies
AmeriCorps and its grantees have invested significant resources in evaluating different agency programs and supported program models designed to improve a range of outcomes for national service members and volunteers, children, families, organizations, and communities across. AmeriCorps conducted ROI analyses to help measure the program performance and build the base of evidence for future resource allocation decisions. In addition, each ROI study helps AmeriCorps communicate the value of its programs to relevant stakeholders.
The ROI studies listed below evaluated the cost and benefits of each of the following program:
- College Possible’s College Access Program: This study estimates College Possible’s ROI to be between $1.50 and $6.41 per funder dollar, depending on how long program participants and AmeriCorps members experience increased earnings due to College Possible’s College Access program. The return on each dollar of federal.
- Community Technology Empowerment Project (CTEP): This study estimates CTEP’s ROI to be between $2.95 and $34.26 per funder dollar, depending on how long program participants and AmeriCorps members experience increased earnings as a result of CTEP.
- Minnesota Reading Corps - Kindergarten (MRC): This study estimates MRC Kindergarten’s ROI to be between $5.47 and $6.99 per funded dollar, depending on how long program participants and AmeriCorps members experience increased earnings as a result of MRC Kindergarten.