Background of the organization
Common Approach to Impact Measurement is a community-driven initiative. It works towards flexible, shareable impact measurement for social purpose organizations. By developing flexible, community-driven standards, our aim is to change the underpinnings of impact measurement. The initiative is committed to centering impact measurement on the needs of operating charities, nonprofits and social-purpose businesses and those they serve rather than foundations, grantmakers and impact investors. The Common Approach is four community-driven standards: Common Foundations, Common Impact Data Standard, Common Form and Common Framework.
Project description
Funding will contribute to the initiative’s Pathfinder Pilot, supporting testing of the impact measurement standards with an additional network – the Community Lending Network. This network of microlenders centers the voices of BIPOC-led organizations seeking capital. It will strengthen the Common Approach’s work with inputs from equity-deserving groups.
Overview
- 2023-2026
- $ 250,000
- Funding Type: Focus Area Funding
- Funding Stream: Capacity Strengthening
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