Problem:

The traditional approach to grantmaking involves periodic check-ins with grantees to monitor progress, address challenges, and provide updates. This method, while functional, has several limitations in today’s fast-paced and dynamic environment:

Infrequent Updates
Long intervals for check-ins mean that significant developments, issues, or opportunities for improvement might be missed or addressed too late.

Manual Process
Relying on phone calls, emails or forms for updates is time-consuming and inefficient for both grantees and investigators.

Reactive Rather than Proactive
The process is largely reactive, responding to issues as they are reported rather than proactively identifying and addressing them in real-time.

Limited Data Utilization
The current approach does not fully leverage the potential of continuous data collection and analysis to improve decision-making and grant effectiveness.

Solution:

Continuous Evaluation is designed to complement, not replace, existing processes. It opens new dimensions of influence on the entire system and cause, significantly increasing the effectiveness of current grantmaking. It also saves investigators time, allowing them to focus on their core responsibility of approving new grants.

How Continuous Evaluation Enhances the existing system:

Real-time Data Collection

• Immediate Insights: Continuous Evaluation allows for the constant collection of data, providing immediate insights into project progress and challenges.
• Proactive Management: With real-time updates, the Fund can proactively address issues as they arise, rather than waiting for periodic check-ins.

Automated and Efficient Processes

• Streamlined Communication: Automated data collection reduces the need for manual check-ins, freeing up time for both grantees and investigators.
• Centralized Platform: All data is collected and analyzed on a centralized platform, ensuring consistency and ease of access.

Enhanced Decision-making

• Data-driven Insights: Continuous Evaluation provides detailed analytics and forecasting, helping the Fund make informed decisions about renewals and new grants.
• Timely Interventions: With real-time data, the Fund can make timely interventions to optimize project outcomes and maximize impact.

Improved Accountability and Transparency:

• Comprehensive Reporting: Continuous Evaluation offers comprehensive reporting capabilities, satisfying both internal requirements and external funding partner needs.
• Ongoing Improvement: Continuous data collection and analysis enable ongoing improvement of grant strategies and impact assessment.

Scalable and Sustainable

• Self-reinforcing System: Each new grant feeds additional information into the platform, progressively enhancing the understanding of causes and enabling more effective interventions.
• Cost-effective: By automating data collection and analysis, Continuous Evaluation reduces the costs associated with manual monitoring and reporting.

Following our paradigm and core capability of tech-philanthropy, Continuous Evaluation opens new horizons for Funds to become more effective in grantmaking, creating more and better outcomes. By leveraging real-time data and advanced analytics, Funds are empowered to make more informed, timely, and impactful decisions. 

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