- Value [1] Relentless Monetization
- Robin Hood's system of metrics, dubbed Relentless Monetization, pursues a powerful ambition: to spend philanthropic money
smartly. In Robin Hood's case, that means spending donors' money in a manner that cuts poverty as deeply as possible. Our
metrics help staff to decide the relative impact of poverty-fighting options.
- Value [2] Metrics
- Value [3] Poverty Reduction
- Value [4] Outcomes
- To answer the fundamental question of how to measure the relative poverty-fighting success of grants, staff, first, identifies
each mission-relevant outcome generated by a grant.
- Value [5] Counterfactual Comparisons
- ... we explicitly compare what happens to participants in our programs — the students in schools we fund; the workers enrolled
in our training programs — to what would have happened to them had they in fact not received our help (the latter estimates
are known as counterfactual estimates).
- Value [6] Benefit-Cost Ratios
- ... we use these estimates to form benefit-cost ratios, which assign a dollar figure to the amount of philanthropic good that
a grant does per dollar of cost. The benefit-cost ratios can be used to compare the impact of one grant against any other,
no matter how those grants differ in form and purpose.
- Value [7] Program Knowledge
- We base grant decisions on more than arithmetic. Program officers add to the decision mix detailed knowledge about the programs
they are asked to fund. Most important, staff recognizes the imprecision and incompleteness of our numerical estimates. They
are under constant review and revision. We still have a lot of work to do.
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