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AVPN Impact Assessment- Making Evidence Work

Date post: 25-Sep-2015
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A dialogue about impact investment inevitably gravitates to the argument that what can’t be measured can’t be managed. It is this thinking that has brought rigour and scientific modelling into the field of social impact assessment. Evidence sought by funders to demonstrate accountability by investees are often required to be empirical, and SPO looking for data to improve their programmes seek objective statistics for benchmarking and comparison.This session challenges participants to think about impact evidence in a different way – positing that a better understanding of the reason we seek evidence, and aligning these reasons between funder and SPO, will lead to effective use of impact evidence. It will also open new possibilities of non-traditional impact evidence that are qualitative, emotive and sometimes personal. Participants will hear perspectives on how funders and SPOs that work in hard-to-measure issues find new ways to align the impact evidence dialogue with their stakeholders, so that the impact evidence sought will be relevant, contextual, and works for their objectives.
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[T]oo many social entrepreneurs and impact fund managers view metrics and performance tracking as “something we do for funders” rather than something we need do for ourselves to ensure our work is actually creating the impact we seek rather than the outcomes we claim. - Markets For Good Jed Emerson Senior Advisor, Gary Community Investment Company, Blue Haven Initiative Senior Strategic Advisor, RS Group Chief Impact Strategist, ImpactAssets
Transcript
  • [T]oo many social entrepreneurs and impact fund managers view metrics and performance tracking as something we do for funders rather than something we need do for ourselves to ensure our work is actually creating the impact we seek rather than the outcomes we claim.

    - Markets For Good

    Jed EmersonSenior Advisor, Gary Community Investment Company, Blue Haven InitiativeSenior Strategic Advisor, RS GroupChief Impact Strategist, ImpactAssets

  • Caroline FiennesDirector for Giving Evidence, published author, and columnist for Third Sector UK

    Presenting assessments of a charity's performance doesn't necessarily increase donations

    Study 1: The mention or omission of scientific rigour had no effect at all on whether someone donated. It also had only a tiny effect on the total amount raised.

    Study 2: Half the donors were shown the (charity) rating; the other half weren't. The presence of the ratings made no meaningful difference to their responses.

    Study 3: Donors appeared to use evidence of effectiveness as they would a hygiene factor: they seemed to expect all charities to have (high) ratings (of effectiveness), and reduced donations when they were disappointed but never increased them because they were never positively surprised.

  • AV P N , S I N G A P O R E A P R I L 2 2 n d 2 0 1 5

    N I C O L A C R O S T A E X E C U T I V E V I C E P R E S I D E N T

    N I C O L A @ E P I C . F O U N D A T I O N I T w i t t e r : @ n i c o _ c r o s

  • IMPACT

    =

    CHANGE

  • Supply

    of philanthropic capital

    Demand

    for philanthropic capital

    Big market failure: why?

  • We have asked 1,000+ organizations and donors from 83 Countries

  • NGOs: What do you need to achieve impact?

    82%: Smarter, more engaged donors.

    Donors: What do you need to donate more/better?

    90+%: More data, opportunities to engage.

  • A clear disconnect, need for new tools to bridge it

    Donors NGOs

    Engagement

    Impact

    Access

    Experience

    Monitor

    Select

  • 2. MONITORING

    Individual Philanthropists

    Family Offices

    Family Foundations

    Corporate Foundations

    CSR Departments

    National Agencies

    International Agencies

    Online Giving Platforms

    Wealth Managers

    Evaluation Consultants

    Travel Agencies

    Volunteer Programs

    Consultants

    Strategic Philanthropy

    Consultants

    Strategic Philanthropy

    Fragmented market = obstacle for donors looking for impact

    1. SELECTION

    3. EXPERIENCE

    RESEARCH

    DONORS

  • Epic Toolkit

    SELECTOutstanding NGOs &

    Social Enterprises

    MONITORProgress on Social

    objectives

    EXPERIENCEthe journey towards

    Impact

    Highly integrated tools, deliberate focus on technology

    All this leads to rigorous, yet actionable research

  • C H A N G E T O M O R R O W T O D AY

    N I C O L A C R O S T A E X E C U T I V E V I C E P R E S I D E N T

    N I C O L A @ E P I C . F O U N D A T I O N


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