There’s no "One Kind" of foundation or Impact Investor and the variations boil down to lots of factors including their Vision statements. Today let's talk about two types of
Issue-OrientedFunders who are seeking to bring about a worldwhere all genders are equally represented in the media; and
- Support-Oriented Funders who seek to strengthen the capacity of community organizations in a specific city or around specific issue areas. It is important to identify what kind of Vision-driven approach your organization takes.
Overall think of it like this, your Vision shapes your Outcomes and your Outcomes drive your metrics.
So, if your Vision is to have a specific outcome on society that involves a focus area, you may have a set grouping of impact metrics to monitor the progress toward your
If your Vision is more oriented around
Sure, you want to know what the impact your financing has on the world. Keep in mind the difference between WHAT you care about and HOW you care about it. If what you care about is broader in nature, there is no way you can have a fixed selection of metrics that accurately
- Impact framework development;
- Social Impact Metrics selection; and
- Data capacity enhancement.
Actionable Impact Management (AIM) is a framework that guides readers through each of these three steps as well as how to communicate or share your impact findings. It is free and a good place to start for anyone wondering how to go about selecting enduring metrics around their impact hypothesis.