5 research outputs found

    Situating the Next Generation of Impact Measurement and Evaluation for Impact Investing

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    In taking stock of the landscape, this paper promotes a convergence of methods, building from both the impact investment and evaluation fields.The commitment of impact investors to strengthen the process of generating evidence for their social returns alongside the evidence for financial returns is a veritable game changer. But social change is a complex business and good intentions do not necessarily translate into verifiable impact.As the public sector, bilaterals, and multilaterals increasingly partner with impact investors in achieving collective impact goals, the need for strong evidence about impact becomes even more compelling. The time has come to develop new mindsets and approaches that can be widely shared and employed in ways that will advance the frontier for impact measurement and evaluation of impact investing. Each of the menu options presented in this paper can contribute to building evidence about impact. The next generation of measurement will be stronger if the full range of options comes into play and the more evaluative approaches become commonplace as means for developing evidence and testing assumptions about the processes of change from a stakeholder perspective– with a view toward context and systems.Creating and sharing evidence about impact is a key lever for contributing to greater impact, demonstrating additionality, and for building confidence among potential investors, partners and observers in this emergent industry on its path to maturation. Further, the range of measurement options offers opportunities to choose appropriate approaches that will allow data to contribute to impact management– to improve on the business model of ventures and to improve services and systems that improve conditions for people and households living in poverty.

    Using Foundation Capital for Good: Opportunities in the Balance Sheet

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    Foundations increasingly use their full balance sheets to unlock more of their capital for good. They look beyond conventional grantmaking to pursue their charitable purposes in many ways that exemplify innovative, full-balance sheet approaches: investing in nonprofit and for-profit companies that offer clear social and financial returns; investing their corpus in companies whose products and services align with their missions; using social bonds to inject new resources into their programs; offering guarantees to help grantees manage risk; and avoiding companies whose practices run counter to their grantees’ efforts. This article looks at the structures, pathways, and tools for foundations wanting to use all their assets and strategies to enhance their positive impact, describes the context in which these efforts are occurring, and provides the landscape of actors and leaders. It also notes countervailing arguments to foundations using their balance sheet or grant dollars for anything but awarding grants mainly focused on opportunity costs and net social impact. In addressing some legitimate concerns, this article offers considerations and suggestions that may help foundations identify and evaluate their investment options. Amid the rapid evolution of impact investing, much remains to be done; there are gaps to fill and value to be created. This article concludes with a discussion of key opportunities and challenges for philanthropic foundations and all investors wanting to ensure a sustainable planet and the well-being of all people

    An Agenda For Action On Global E-Health

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