Giving Compass' Take:
- Ruchi Nadkarni shares some thoughtful questions to consider when employing an impact analysis in effective altruism.
- How are you using an impact analysis in your own charitable giving? Can these questions help guide your giving process?
- Learn more about effective altruism.
What is Giving Compass?
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Measuring impact has been perfected over the century, however, many key factors are sometimes overlooked. A key solution to assessing the longevity of impact is its sustenance over cultural and social nuances of any particular region. Impact analysis is the use of metrics to evaluate the effectiveness of activities and resources used to solve a problem facing the world. It involves measuring several metrics affecting the process of resource utilization.A simple formula to understand how to measure giving comes from some important questions.
Some of these include:
- What is the real problem and what should we be fixing?
- Is the solution a short-term or a long-term solution?
- Are the results outcomes that last for a long time or short periods of time?
The rock solid intention of actual change needs to be established at the core of all giving bodies.
Read the full article about effective altruism by Ruchi Nadkarni at Medium.