Why Assess Impact?
Our Commitment to Impact Management
Because we believe in continuously evaluating and refining our efforts to improve the lives of Colorado’s low-income children and their families, GCI applies an impact management practice to assess the effectiveness of our investment strategies and progress toward the long-term outcomes we are trying to achieve. This commitment to assessment reflects our organizational values of transparency, taking smart risks, humility and working together, and we seek to share insight into what we’re learning so that our peers and partners can replicate what’s worked and avoid what has not.
Why Assess Impact?
01To Learn & Improve Our Practices
As we work to provide the most value to our investees, their beneficiaries and the community, GCI must regularly reflect on our internal practices to understand how they can be improved. We strive to utilize our impact management practice to inform our decision-making process, guide our efforts and assist us in documenting and sharing our progress, including successes, failures and lesson learned.
02To Understand Investment- & Portfolio-Level Performance
We track the performance of our investments so we can better support their success. In addition to monitoring individual investments, we review our entire portfolio to better understand the impact being created across our philanthropic, near-market and market-rate investments.
03To Contribute to Broader Field Building
Investments to collect data, find effective solutions and form insights are best leveraged by sharing that information with the broader community. By disclosing evidence of our impact and lessons learned, we hope to encourage other investors to allocate their resources more effectively. Additionally, as a sunsetting organization, we aim to be transparent about the progress we’re making toward our goals and how the impact we are—or are not—creating is driving shifts in our strategy over the next 15 years.
How We Define Impact
When applying our impact management practice, GCI evaluates the transformative change being made through our investments based on the following criteria, which provide insight into the impact we seek to create in Colorado.
01Breadth of Impact
The number of low-income children and families in Colorado that are positively impacted by an investment.
02Depth of Impact
The degree to which an investment leads to life-changing impact for low-income children and families in Colorado.
03Scalability & Cost-Effectiveness
The likelihood that a solution or program is cost-effective enough to scale broadly and reach more low-income children and families in Colorado and beyond.
The financial sustainability of a solution, program or organization operating at scale over the long term.
An investment’s ability to build and strengthen sectors and ecosystems so they are more cohesive, coordinated and efficient.
An investment’s ability to influence or change systems so they better support low-income children and families.