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As COVID-19 continues to spread throughout the world, efforts to “flatten the curve” are having a negative financial impact on companies across all markets. Nevertheless, our recent survey of leaders of corporate citizenship, corporate social responsibility, and philanthropy functions at companies headquartered in the US, Europe, and Asia found that they are stepping up to the challenge by: (1) using incremental funds to increase their overall charitable giving; (2) targeting donations to the most affected areas; (3) facilitating employee efforts by offering virtual volunteering opportunities and broadening matching gift programs; (4) adding employee relief funds (ERFs) and/or expanding eligibility for them; and (5) helping to sustain the nonprofit sector by unrestricting their existing grants to enable nonprofits to better manage their COVID-19-related challenges.
How much does it cost to provide an individual with short-term hunger relief, to interest a student in STEM, to reduce substance abuse, or to enhance arts appreciation?
Our partner, the Impact Genome Project®, has developed the Price of Impact IndexTM (POI), which provides the average cost of achieving over 100 specific outcomes in areas spanning the arts, economic development, education, the environment, health, science & technology, and more.
Click below to learn how your cost of achieving a specific outcome compares to the average (and ranges) across the U.S. Use this information to benchmark your spending, improve your budgeting, engage with non-profit partners, and increase your impact.