Data-Driven Corporate Philanthropy: The Revolutionary Potential to Change Lives
November 2020 | Publication
This report introduces Impact Genome Project’s (IGP) Price of Impact (POI) Index™, which uses “cost-per-outcome” figures to track the market price for making a positive change in an individual’s life. The report describes how corporate grant makers can use these figures to identify priority outcomes, allocate funding and set goals for each outcome, and benchmark program costs. It also analyzes IGP’s most recent economic development, social justice, and education data and provides actionable insights companies can use to lead the way in driving greater efficiency and impact in addressing social problems with their nonprofit partners.
Members of The Conference Board are entitled to sample the Impact Genome Terminal (IGT) on a free trial basis; IGT is a web-based benchmarking and evaluation platform that enables corporate grantmakers to measure the performance of nonprofits. To take advantage of this Member benefit, please log in or learn more about becoming a Member.
How much does it cost to provide an individual with short-term hunger relief, to interest a student in STEM, to reduce substance abuse, or to enhance arts appreciation?
Our partner, the Impact Genome Project®, has developed the Price of Impact IndexTM (POI), which provides the average cost of achieving over 100 specific outcomes in areas spanning the arts, economic development, education, the environment, health, science & technology, and more.
Click below to learn how your cost of achieving a specific outcome compares to the average (and ranges) across the U.S. Use this information to benchmark your spending, improve your budgeting, engage with non-profit partners, and increase your impact.