The Low Income Investment Fund (LIIF) has developed a new tool to measure the impact of public programs. The Social Impact Calculator is a first-of-its-kind, free, tool that attempts to assign a dollar value to publicly funded programs. The Social Impact Calculator is designed to make it easy for organizations to place a monetary value on their own social projects.
The Social Impact Calculator estimates the social impact of investments in dollars by allowing the user to input their own project data. It will then calculate the monetized impact value of the project. Users can input multiple projects as well as download results to Excel.
The Social Impact Calculator provides the methodology behind each calculation, allowing organizations to see an explanation of each category. Feedback and sharing is encouraged to ensure the calculator stays relevant to the needs of organizations.
Does your organization have a plan in place to assess the value of impact in your community? Transform Consulting Group is committed to offering evidence-based solutions that are practical and cost effective to achieve your desired results. Contact us today get started!
