But what makes this compass different from prior tools is that many of the outlined approaches in the guide touch upon multiple areas at the same time, integrating different relief methods.
“It intentionally highlights approaches that are achieving an integrated impact,” Cote-Ackah said.
For example, according to the guide, donors can impact all four areas by “engag[ing] diverse community members and stakeholders to support local farms and to develop a local, integrated food system.”
Read more on The Daily Pennsylvanian.
To some degree, of course, all donors care about whether their money is being put to good use, but rich people apparently don't care more than others. Studies have shown that a desire for maximum results is "not highly correlated to wealth," says Katherina Rosqueta, director of the Center for High Impact Philanthropy at the University of Pennsylvania. In fact, Rosqueta adds, because of their resources, wealthy donors are more tempted to make "high input" gifts—in other words, simply write big checks—rather than seek out those with high impact.
Read more on the Wall Street Journal.
The total of U.S. philanthropy is currently $300 billion, according to Katherina Rosqueta, founding executive director of the Center for High Impact Philanthropy at Penn, a nonprofit focused on improving the impact of charity.
The amount represents all the money that people give away, most of it to churches and other religious institutions - 32 percent, or nearly $96 billion.
Read more on philly.com.
What individual and institutional donors "care about that is still missing from the market is information around effectiveness, because nobody wants to waste their money," says Rosqueta. "You want to feel confident that your money is going to make a difference. That is exactly the problem our center was established to address. Until people have confidence that their money is having an impact, you're not going to see the increase in philanthropy that people would hope for."
Read the full article on Knowledge@Wharton.
Maximizing financial impact
The other side of the social-impact coin is charitable giving. Penn supports an informed approach to that as well, through The Center for High Impact Philanthropy. Founded in 2006, CHIP is based in the School of Social Policy and Practice. It serves as an independent source of information, education, and analytic tools. Founding executive director Katherina Rosqueta said, “We help donors and advisers maximize the social impact of philanthropic funds. Two values inform all of our work: the need to be both evidence-based and actionable.”
In the post-2008 economy, all of us are concerned with getting the most for our money, whether buying groceries or supporting charities. This is the idea behind “high impact” philanthropy. Rosqueta said, “High-impact philanthropy is the art of achieving the biggest bang for the buck, where the ‘bang’ is social impact, or an improvement in the lives of others.”
Read full article on Generocity.
Gone are the days, they say, when it was enough for wealthy individuals to write cheques to well-meaning people and trust them to do something good with it. Now philanthropy should be treated like a business – and offer measurable returns. “High-impact philanthropy is the art of achieving the biggest bang for your buck, where the ‘bang’ is social impact, or an improvement in the lives of others,” says Katherina Rosqueta, founding executive director of the Center for High Impact Philanthropy at the University of Pennsylvania’s School of Social Policy and Practice.
Unlike impact investing – where the aim is both social/environmental improvements and financial returns – charitable giving is still at the heart of high-impact philanthropy. But that doesn’t mean those making the donations are less likely to take a strategic approach. “With high-impact philanthropy, philanthropists see their donation as an investment more than a gift. High-impact philanthropy seeks first and foremost to achieve the greatest possible good from that investment,” says Rosqueta.
Read the full article at Campden FB: http://www.campdenfb.com/article/targeted-approach
4) Start with the end. With each project, think about what it should achieve. As Katherina Rosqueta of the Center for High Impact Philanthropy says: “High-impact philanthropy starts with clarity regarding the end goal: What change do you want to see in the world?”
8) Learn from others. See what has worked and hasn’t worked in the past, to “avoid wasting money reinventing the wheel, or repeating others’ mistakes”, says Rosqueta. “Before committing funds, understand what approaches have generated results, what haven’t, and where new approaches are most needed.”
Read all 10 tips at Campden FB: http://www.campdenfb.com/article/top-10-tips-impact-giving
"People like feeling confident that their giving is making the kind of difference they want to make," says Katherina Rosqueta, executive director of the Center for High Impact Philanthropy at the University of Pennsylvania. "Philanthropy is an expression of deeply held values consistent with what a donor believes. Any time they learn an organization they supported is not being consistent -- either with the reason they supported them in the first place or their own beliefs -- that can cause the organization to potentially lose the donor's support."
Read the full article on Knowledge@Wharton: http://knowledge.wharton.upenn.edu/article.cfm?articleid=3142
THU DEC 27, 2012
Host: Sara Terry
Produced by: Katie Cooper, Sonya Geis, Gideon Brower
December is the most popular month to give to charity. According to one recent study, donations spike as the calendar moves closer to New Year's Eve. But how do you know what good your money is actually doing? In recent years, economists have begun to analyze the effectiveness of many charitable programs – and many non-profits are shaping their work in response to those findings. So how do you find out what good your money is doing? Is giving getter smarter? How is a new generation of philanthropists engaging with the social causes of our times, and how would their giving change if charitable tax deductions are eliminated?
Read and listen on the KCRW: http://www.kcrw.com/news/programs/tp/tp121227getting_the_most_ban. Download and listen to the mp3 audio file: http://download.kcrw.com/audio/1306366/tp_2012-12-28-172606.6929.mp3.
5. Think about value, not dollars: That doesn't mean everyone should give as much money as possible to every charity, no matter what. It does mean, however, that cheaper isn't necessarily better. "Low-cost is not the same as cost-effectiveness. For example, the cost part is meaningless unless you have any sense that what you're paying for is actually making any difference," says Rosqueta of the Center for High Impact Philanthropy."
Read the full article on US News & World Report: http://www.usnews.com/news/articles/2012/12/11/how-to-choose-a-charity-for-holiday-giving