How can funders effectively measure the impact of their investments?
An example of an AI chatbot conversation about measuring impact for funders.
How can funders effectively measure the impact of their investments?
Funders can measure impact by setting clear objectives, using metrics, and evaluating outcomes against those metrics.
What specific metrics should I consider for social impact?
Consider metrics like social return on investment (SROI), beneficiary feedback, and long-term community changes.
Are there any tools or frameworks that can help with this?
Yes, tools like Logic Models, Theory of Change, and various impact assessment software can be very helpful.
How often should I evaluate the impact of my funding?
Regular evaluations, such as annually or biannually, can help track progress and adjust strategies as needed.
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