Funders’ Principles and Drivers of Good Impact Practice
Through providing grants—or other forms of investment and support—funders enable individuals, charities and social enterprises to make a difference. Many are already thinking about how to address the impact measurement challenges they and their grantees face. But not enough is known about good impact practice, and what this means across the diverse trusts and foundations sector.
Impact practice refers to the activities a funder or grantee does to focus on the difference it makes and is often considered in a cycle of planning, doing, assessing, and reviewing. In a diverse funding community, impact practice takes many forms. The Funders’ principles and drivers of impact practice aims to provide a starting point for discussions and offer a framework for funders to consider their impact practice, upon which a bespoke approach can be built or developed further.
Funders have a critical role to play in shaping behaviour around impact practice. Their approach and support strongly influences practice among their grantees and investees. This framework is designed to encourage good impact practice and to offer practical and useful guidance for funders, and to help funders promote good impact practice amongst the organisations and people they support.