Resource ID: INDIGO-ARES-0018
Link: https://cup.columbia.edu/book/the-robin-hood-rules-for-smart-giving/9780231158367
To translate the projected and actual outputs and outcomes of diverse programs into a single, monetized value that measures the poverty fighting benefits of any program: the boost to income—or, to take into account improvements in health and other factors of general well-being, the boost to living standards—of poor individuals due to the grant. To provide a systematic, consistent, quantitative analysis as one part of the process for evaluating existing and potential charitable investments at Robin Hood Foundation.
Seeks to know the value of similar and dissimilar programs. Applies an innovative methodology, consisting of:
1. A common measure of success for programs of all types
2. A benefit/cost ratio is calculated for the program, dividing the estimated total earnings boost by the size of Robin Hood’s grant.
The ratio for each grant measures the value it delivers to poor people per dollar of cost to Robin Hood—comparable to the commercial world's rate of return.
Impact goal: Development poverty reduction
Internal/external: External, Internal
Leader: Robin HoodFoundation
Method: Observation, Operational data, Mission alignment
Output format: Monetary valuation
Scale: Micro
Sourcing: Paid tool, Self driven
Time frame: Ongoing, Prospective, Retrospective
Type: Case study
Used in sectors: Charity, Development, Social enterprises, Developed countries
Who: Third sector, Public sector, Private sector
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