Use the knowledge at your fingertips to stay on track
The philanthropic sector is more enthusiastic than ever about measurement and evaluation. In this era of analytics and infographics, some foundations are using dashboards to consolidate the information they need to stay focused on what matters most. The dashboard, configured to reflect their particular mission and goals, becomes a springboard for strategic discussions and organizational learning.
This collection of indicators – a dashboard or a scorecard – is updated and referred to on a consistent, recurring basis. The visual presentation of simple graphs and brief narrative in one or two pages focuses on the essential elements of measuring results. In this article, we are referring to grantmaking results.
Independent of foundation size or payout amount, measurement is part of an effective decision-making process. With the right information, both grantmakers and grantees stand to learn, adapt and accelerate progress towards their goals; they can assess their impact. But gathering and analyzing data can be expensive and time consuming.