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Framing Social Impact Measurement
November 2014 | Research Report
Corporate philanthropy is increasingly aligned with business strategy, and evaluating the performance or value of a company often now includes evaluating its social impact. But what does that mean in practice? Impact can mean different things to different groups, depending on their objectives and their role in delivering a social program. And then there’s the question of data, and how it should be used to demonstrate impact. These and other topics are addressed in Framing Social Impact Measurement, which aims to help you think about social impact measurement in the right context.
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.