Globally, one of the most powerful ways to create social impact is to improve the lives of women and girls. But what does it mean to ‘improve the lives of women and girls’ and how can you know whether you’re really making a difference? To answer these questions, the Center for High Impact Philanthropy (CHIP), with the generous support of the Tara Health Foundation, identified The XX Factor, the five dimensions of women’s lives, first published in The XX Factor: A Comprehensive Framework for Improving the Lives of Women & Girls (part 1), the first comprehensive, evidence-based framework to guide philanthropic efforts. In the time since, we have worked to apply this framework to financial investments aligned with their goals of improving the lives of women and girls through The XX Factor Guidebook: How to Align Financial Investments to Improve the Lives of Women & Girls (part 2) and Women’s Index: Developing a Tool for Aligning Financial Investments with Gender Equity.
How might the five dimensions from the XX Factor be used to create financial instruments for supporting gender equity?