PHI Selected for Index of High-Impact Nonprofits
New national index, comparable to the S&P 500, has the potential to transform charitable giving
NEW YORK — The Social Impact Exchange has launched the Social Impact 100 (S&I 100), the first-ever broad index of U.S. nonprofits with proof of results and a high potential to reach even more people.
PHI, a national nonprofit dedicated to transforming long-term services and supports through quality direct-care jobs, is among the first 100 national nonprofit agencies included in the S&I 100 index.
"PHI is honored to have been chosen to be included in the S&I 100," said PHI President Jodi Sturgeon. "Our focus on the direct-care workforce allows us to impact low-income women in need of quality jobs and low-income elders and people with disabilities who need quality long-term services and supports."
Modeled on aspects of the Standard & Poor's 500 (S&P 500), the S&I 100 aggregates top-performing, evidence-based nonprofits so that funders — donors and foundations — can have confidence that they are contributing to organizations that consistently deliver impact.
The S&I 100 tracks the number of people served across the portfolio of these top nonprofits the same way the S&P 500 tracks the profitability of America's large-cap companies. Donors are able to give directly to nonprofits in the S&I 100.
"Right now, donors have no easy way of knowing which nonprofits are truly effective at helping people in need, which means that fewer charitable dollars are going to those programs that can do the most good," said Alex Rossides, president of the Social Impact Exchange. "The S&I 100 changes that. By taking the guesswork out of giving, the S&I 100 has the potential to transform individual philanthropy the same way the S&P 500 changed investing for individual investors."
The S&I 100 is the most comprehensive donation platform of only evidence-based, growing nonprofits available to donors. Donors can choose from 100 high-impact nonprofits and nearly 16,000 local affiliates that are implementing their solutions. The Index features models that address the country's most pressing issues across education, health, youth, and poverty.
The 100 nonprofits are rigorously screened for evidence of impact through third-party verified studies — made available to donors on the website — and are only included in the Index if they have the ability to serve more people in need. When donors visit the site, they are able to search for high-performing nonprofits in the issue areas and locations that they care about most. Once they select a nonprofit, the S&I 100 allows donors to give directly to the organization in a few quick and easy steps.
The S&I 100 was designed and implemented through a broad, sector-wide collaboration of evaluation firms, ratings firms, and other leaders. Major foundations — including the Robert Wood Johnson Foundation, the William and Flora Hewlett Foundation, and others — are supporting the Social Impact Exchange.
To find out more about the S&I 100, please visit www.SI100.org.
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PHI, the Paraprofessional Healthcare Institute (www.phinational.org), works to transform eldercare and disability services, fostering dignity, respect, and independence -– for all who receive care, and all who provide it. The nation’s leading authority on the direct-care workforce, PHI promotes quality direct-care jobs as the foundation for quality care
PHI Media Relations Director