Why measure impact?
Measurement enables a philanthropist or philanthropic institution to gauge the effect of their giving in a number of ways:
- Understanding the link between intent and change
- What degree of change actually occurred on account of my contribution?
- Asking the measurement questions provides a level of accountability that can offer satisfactory answers for some of the questions highlighted above while also engaging recipients in a way that primes a canvas for success
The savvy philanthropist should start the measurement process by answering the following five questions in the quest for positive impact:
- What does success look like for me and for the beneficiaries my philanthropy serves?
- What was the situation before my intervention?
- Which tools should I use to monitor progress?
- Whose responsibility is it to do so?
- How will I resource it?
The savvy philanthropist should start the measurement process by answering the following five questions in the quest for positive impact:
- What does success look like for me and for the beneficiaries my philanthropy serves?
- What was the situation before my intervention?
- Which tools should I use to monitor progress?
- Whose responsibility is it to do so?
- How will I resource it?