Termed by the consultancy FSG, collective impact refers to a structured partnership model that brings together stakeholders in government, business, nonprofits, and philanthropy to tackle complex social issues. By uniting key players from across sectors, this structured partnership model empowers these groups to commit to a shared agenda and measurement system that will better position them to solve a social problem.
When is collective impact the right approach?
Collective impact is an option when engaging in place-based philanthropy or when seeking to reconfigure societal structures to remedy a seemingly intractable social issue. This powerful approach helps align stakeholder objectives, which in turn empowers them to identify comprehensive solutions to a local problem, with a focus on the root cause.
What makes a collective impact effort successful?
Using the collective impact framework, groups can collaborate in a way that is strategic and holistic, effectively positioning them to make a transformative impact. Collective impact initiatives consist of:
a common agenda and shared objectives
agreed-upon metrics for measuring data, results, and success
mutually reinforcing activities
open and continuous communication
a coordinating organization that can manage the logistics of the partnership
How should a philanthropist engage in collective impact?
Individual philanthropists can support the formation and coordination of a local collective by funding the creation of a “backbone” organization that can lead communication efforts and facilitate the development of a collaborative’s goals, strategies, and measurement practices. While institutional foundations have traditionally supported collective impact initiatives, individual philanthropists are well-positioned to underwrite these efforts. However, funders should remember that collective impact structures require that power be distributed among the various local stakeholders. For this reason, they should be willing to relinquish some decision-making authority.
A story, well told, can change the world. Realizing the power of an effectively told story, more and more philanthropists are embracing storytelling and impact campaigns by supporting issue-oriented content, including documentaries...
Washington, D.C. – August 18, 2020 – The Milken Institute Center for Strategic Philanthropy (CSP) is proud to welcome its first ever advisory board, a group of 11 philanthropic leaders who will help advise CSP’s ongoing efforts to shape the...
WASHINGTON, DC (March 12, 2024) — The Biswas Family Foundation, in partnership with the Milken Institute Science Philanthropy Accelerator for Research and Collaboration (SPARC), is pleased to announce the inaugural recipients of the...
Los Angeles, CA (April 30, 2023) – Starting today, the Milken Institute Global Conference opens and will gather 3,500 attendees, including C-suite executives from Fortune 500 companies, global leaders with the capital and influence to...
Chad Clinton is the director of media relations for the Milken Institute. Hired to this role in August 2021, Clinton develops and executes strategies to amplify the Institute’s core messages by generating coverage of its pillar workstreams, experts, and events.
Family offices are private organizations established to manage the financial and personal affairs of wealthy families and individuals. While a family office is by no means necessary to carry out philanthropic activities, these operations...
The NF Preclinical Initiative (NFPI) represents one of the Children’s Tumor Foundation’s groundbreaking models of scientific collaboration. The NFPI is aimed at accelerating proof of concept testing of potential effective repurposed drugs...
I appreciate that there are a variety of ways to view prosperity and that it has different meanings to different people. For me, prosperity means that we thrive collectively; that we, as a community, feel connected, healthy, and growing in...
[Author] Ashley Tyrner-Dolce, CEO, FarmboxRx [Pull Quote] Food insecurity is one of the most pressing yet overlooked social determinants of health. [teaser text] [KR1] To improve health outcomes, we must address systemic barriers and expand...
The COVID-19 pandemic highlighted numerous shortcomings in the average public healthcare system. The lack of affordable and accessible primary care facilities and trained medical staff, alongside infrastructure disparities between rural...