Worldfund featured in Latin Trade's March/April 2014 Magazine
FOUNDATIONS - SOCIAL CAUSE ORGANIZATIONS: Measuring social impact, A necessary approach in philanthropy
A child’s life in South Africa is saved from malaria, an ex-convict in New York City starts his own small business and never goes back to jail, and a teenage girl in Colombia is the first one in her family to finish high school. These are “little miracles” that happen every day without being publicized with big headlines or on TV reality shows.
Behind these miracles stands the world of philanthropy, a complex universe that requires the action of thousands of organizations working for the most unimaginable causes in every corner of the planet. Their livelihood depends on the decisions of donors, individuals or large foundations that extend their giving hand to champion their efforts. But how do these donors know their giving reaches the noble causes they support?
“In order to make philanthropic decisions, funders have traditionally paid attention to the way non-profit organizations manage their overhead and administrative costs instead of how relevant their programs were or the social impact those programs had in the populations they targeted,” Angélica Ocampo, executive director of Worldfund, tells Latin Trade.