October means playoff baseball. It’s the month of the most gloriously unexpected. Moments of heroes that rise to the occasion when the pressure is on, like Gibson’s walk-off against the A’s in 1988. And we’ve seen legendary performances from teams you thought had the odds stacked against them, like the 1906 White Sox “Hitless Wonders” who secured the title. As we watch four talented teams battle in their respective series, you may be eagerly asking yourself what will be the story we remember this year?
It’s rarely easy to raise money, and the global pandemic isn’t helping. The nonprofit sector has always relied on relationships to fundraise. Events and in-person meetings are a thing of the past. What do you do when traditional fundraising channels are no longer possible? Fortunately, many nonprofit organizations have not taken advantage of their board members' full reach, due largely to lack of clear data about the organization's impact.
“The inequity in this district as compared to the other districts surrounding us has always been so tangible and clear,” explains Jenna Wachtel Pronovost, Executive Director of the Ravenswood Education Foundation. “Then COVID happened and the schools closed. The inequities have intensified in this environment, and we knew we would have to act quickly to support our students and the greater community.”
“We began in 2012 with three loans—it was sort of our experimental year,” explains WEALF (Women’s Enterprise Action Loan Fund) founder, Vicki Weiner. “The next year, we really got going, and things started to come together.”
What kinds of metrics can you track to ensure that you are helping foster the change you hope to see in the world?
Here's how foundations can help nonprofit leadership be even more effective.
Having data isn’t an end in itself—numbers don’t do anything for you unless you know how to use them to your advantage.
In our increasingly data-driven world, access to data is no longer a “nice to have.” It is essential for any organization across every sector. As such, data is transforming how the philanthropic sector understands and drives impact. But analyzing impact doesn’t have to be complex. Here are four steps to take to leverage data to start analyzing impact.