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The Robin Hood Rules for Smart Giving$
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Michael Weinstein and Ralph Bradburd

Print publication date: 2013

Print ISBN-13: 9780231158367

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231158367.001.0001

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Examples of Metrics by Outcome

Examples of Metrics by Outcome

(p.57) 6 Examples of Metrics by Outcome
The Robin Hood Rules for Smart Giving

Michael M. Weinstein

Ralph M. Bradburd

Columbia University Press

This chapter provides numerical examples that illustrate the metrics of Relentless Monetization and outlines the equations by which a single monetary value is assigned to individual outcomes generated by a funder's grant. This chapter looks at some examples of the 170 or so distinct mission-relevant outcomes that arise from grants funded by the Robin Hood Foundation, including: acquiring a high school diploma; overturning eviction notices; enrolling unemployed workers for unemployment insurance; extending microloans to Iraq/Afghanistan vets, leading to setting up of home businesses; preventing first arrest of criminally at-risk youth; and helping victims of domestic violence deal with posttraumatic stress disorder. The common thread is that similar interventions for dissimilar populations amount to distinct interventions, requiring different calculations to track impact. In other words, estimating counterfactual values is an essential part of the process of monetizing outcomes.

Keywords:   metrics, Relentless Monetization, mission-relevant outcomes, grants, Robin Hood Foundation, high school diploma, microloans, at-risk youth, counterfactual values, monetary value

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