Win more funding and skyrocket your impact
Congratulations! You’ve been awarded a grant for your innovative idea to improve your community. Now, as grant reporting season approaches, the foundation that provided the funds wants you to measure your impact… OMG! 😱 While program creation is rewarding and the positive effects on your community are visible, concrete measurement is essential if you plan to continue seeking funding.
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3 steps to quantify your impact
- Benchmark Against Best Practices: Never hesitate to seek guidance. Despite your program’s uniqueness, others have likely embarked on similar endeavors. Collaborate with partner organizations, your grantor, and experts to ensure your goals are as ambitious as those of previous or comparable projects. Clearly defined expectations will aid reviewers in assessing your program’s progress and understanding the benchmarks for success.
- Use a Logic Model: A logic model serves as a detailed guide, mapping out each activity in your program and its expected outcome. This roadmap not only facilitates successful program execution but also enables ongoing adjustments and documentation of the rationale behind each change.
- Set Mission-driven Metrics: Your grant was awarded because your program aligns with the grantor’s objectives, but how does it further your organization’s mission? Establish metrics that resonate with your overarching goals. This alignment not only reinforces your organization’s purpose but also fosters increased trust among your supporters.
By benchmarking against best practices, employing a logic model, and setting mission-driven metrics, your nonprofit can master the art of impact measurement. Embrace these strategies to not just measure, but also magnify, the impact of your work.