EOF supports improvements in the quality of education and skills programs, with a special focus
on girls and underserved populations, including those in the hardest to reach rural areas. It
measures (and pays for) what matters – both core skills like literacy and numeracy, but also
critical 21st Century skills such as socio-emotional skills, ICT skills, and other broader
fundamentals of a quality education. It helps close the persistent gap between the skills needed
by employers and those attained by today’s youth.
For all the above, EOF pays primarily on the basis of the results achieved, ensuring that taxpayerfundead domestic resources, aid, and philanthropic funds are only used to pay for what works.
This is a game-changing way to finance results in education, focusing attention and realigning
systems on the most challenging but most important measure of a program’s performance:
whether it is improving lives.
Together with our supporters, we believe this is the early stages of a much larger movement,
with huge potential to increase learning outcomes for children and youth around the world,
though improved aid effectiveness and government spending.
Since our inception in 2018, EOF has:
• Partnered with governments in Ghana and Sierra Leone to establish the two largest
outcomes funds to date in developing countries, mobilising ~$50M for these programs.
• Established itself as a leading global player in RBF, and the only dedicated center of
expertise for RBF in education and skills.
• Become the first outcomes fund hosted by the United Nations within UNICEF, as a
scalable platform to partner with governments around the world.
• Established a major partnership with the LEGO Foundation, to develop a scale portfolio of
RBF programs in early childhood across a diverse range of countries, as well as to amplify
the movement and ecosystem of partners around this approach.
• Had our innovative approach featured in the Stanford Social Innovation Review, FT,
Economist, Brookings, and more.
• Built our institutional capacity to contract and implement large-scale outcomes funds
more efficiently and effectively than historic impact bonds.
• Established a strong culture of performance and an active focus on ongoing professional
development for all our team.
Endorsements:
“EOF has changed the way the education sector talks about RBF”
– David Sengeh, Chief Minister and the Chief Innovation Officer in Sierra Leone in Sierra
Leone and GPE board member.
“… I would invest in the Education Outcomes Fund, which is an emerging player in the global
landscape, and is showing what can be done with results-based approaches. That needs GPE
doing Systems work but is a way of accelerating and modelling change that can be picked up
by the system overall.”
– Julia Gillard, former GPE Board Chair and former Australian Prime Minister
“The pay for performance revolution is coming to the education sector”
– Devex on EOF
The next chapter of EOF’s growth is particularly exciting, as we look to build on this foundation in
the coming years and significantly scale our impact. We will shift focus towards implementation
of our first large scale programs, launched our next round of funds and developing public goods
and policy insights on ‘what works’ both in education and RBF. Ultimately, we want to improve
the way governments and donors fund and implement education programs around the world.