01 Jul. 2014 | Comments (0)
The latest edition of the Giving Thoughts series, entitled "Defining Impact," is now available for download. Click here to access the free PDF. The piece continues with the theme of social impact measurement, addressing the importance of establishing a clear definition of impact. The Conference Board has identified social impact measurement as a key business issue for members, and we will continue to address the topic through Giving Thoughts blogs and series articles.
"Defining Impact" was authored by Cecily Wallman-Stokes, Katherine Hovde, Carol McLaughlin, and Katherina Rosqueta, all of whom work for the Center for High Impact Philanthropy at the University of Pennsylvania.
Introduction from "Defining Impact"
The word “impact” is everywhere these days, but not everyone uses or understands it in the same way. Why does this matter? A clear definition of impact is necessary to develop an effective and rewarding philanthropic strategy, since impact definitions drive decisions and ultimately move dollars. Differing—but unvoiced—assumptions about the definition of impact can also create communication difficulties between donors, grantees, and beneficiaries. This report explores current definitions of impact in philanthropy and international development, with a particular focus on the ways impact definition can affect work serving women and girls. It aims to help donors develop their own definitions of impact and to clarify the many (sometimes conflicting) uses of the term “impact.” In places, it uses real-world examples from the perspective of those working in the women and girls space to illustrate the repercussions of those uses.
About the Giving Thoughts series
The Giving Thoughts series is a free online publication in which The Conference Board engages corporate philanthropy experts in an open dialogue about topical issues of concern to member companies. It is published monthly. To download previous editions, please click the titles in the right-hand column of this website.