We are so thankul to have Kat Rosqueta join us to talk about how to best show impact in todays world of fundraising.
What is high impact philanthropy?
Trying to get to the social impact. We want to answer the question – How can I as a donor do the most good with my money?
85% of individuals WANT to know the performance of the nonprofits who use their gifts.
Must be evidence based. This means starting with research, seeking informed opinion, and field experience (practical wisdom).
How is it different from other approaches?
Measuring and managing impact… Inputs — Processes — Outputs — Outcomes — Impact.
You show impact compared to WHAT. Showing the change that occured because the program existed. Kat had a great visual about this showing that students stayd at the same reading level through grades 1-5, but they were below grade level. This needs to be compared to what would happen without a program, without education, which would’ve been students with a continual decrease in reading level compared to grade.
Tools for practicing high impact philanthropy.
Showing the “comparative bang for a buck” is very important. If a donor knows that their dollar is being stretched to do the MOST good.
[Book suggestion: More Than Good Intentions.]
TIP 1 – Start with your end goal.
TIP 2 – Metrics that matter.
TIP 3 – A little research can go a long way.
These are just the cliff notes. Kat spread a world of knowledge on us. So if you missed out today, then you need to sign up now for May’s program!!