This analysis examines the different ways people are using the term and the implicit assumptions that can prevent progress. It ends with the 3 key questions that enable donors to cut through the noise and stay on the path to making the positive difference in the world they seek. Although helpful to all donors interested in practicing high impact philanthropy, the analysis offers specific examples related to addressing the needs of women and girls, thanks to our collaboration with Women Moving Millions.
What Is social impact? Defining impact for philanthropy
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.
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