Impact is meaningful, lasting change for beneficiaries of a charity that can be attributed to a specific intervention. It is notoriously difficult to achieve.
Impetus – The Private Equity Foundation is a ‘venture philanthropy’ organisation that provides management support and grant funding to the charities it works with. It focuses on driving impact and has written a paper describing its approach.
Impetus-PEF has also developed the Charity Outcomes Framework, a tool for helping charities to improve their performance. It identifies the core management disciplines that Impetus-PEF considers most important for charities, criteria for assessing them and a ratings system for tracking progress. The core management disciplines are Leadership, Impact and Organisational Sustainability.