The Hospital Charitable Service Awards program seeks to promote
impact measurement, to encourage the use of outcomes in addition to
outputs, and to support efforts to calculate a "return on invested
giving" (ROIG).
We seek to create a focus on how much good is achieved
with contributed funds (i.e. the ROIG). Specifically, we
want to go beyond the activities conducted by a hospital program
and focus on the outcomes and impact achieved in the lives of
community members.
Sophisticated donors prefer reports in terms of outcomes, and so
this approach generally generates additional funding.
Outcome-based evaluation allows management to quantify not only the
services and activities provided by the program, but also the
program's effects on the people it serves.
An orientation towards ROIG requires showing a correlation
between a program's benefits and its cost. The benefits of a
charitable program are reflected in its outputs and outcomes. The
benefit can either be expressed in the form of a quantity (X number
of services) or a value (the value of X services is $Y). The cost
is simply the amount expended to achieve the benefit, where
"expended" will most likely be a combination of the money expended
plus the value of in-kind gifts provided.