We believe in the power of connection, and our technology serves as a generosity-forged supply chain, linking people and organizations to real needs in real time. This year, we’re thrilled to celebrate a monumental achievement, crossing $100 million in economic impact. But what does “economic impact” really mean, and why is this milestone so significant?
Understanding Economic Impact
When we talk about economic impact, we’re not just throwing around a buzzword. Economic impact reflects the tangible changes in people’s lives that stem from our community-driven model. It’s the sum of all the single acts of kindness that ripple through a family, a neighborhood, a school or an entire community.
To break it down, economic impact can be understood through three key areas:
- Immediate Needs Met: Each time a case worker identifies a need, such as a bed for a child, getting the electricity turned back on, or repairing a car, CarePortal mobilizes the community to fulfill these needs swiftly. When these needs are met, families stabilize, preventing further crises and potential separation. The actual value of these fulfilled needs can be quantified in several ways, the direct costs avoided by keeping children out of the system, the value of time saved for workers who no longer have to manage escalating crises and the economic contribution of volunteer time.
- Community Empowerment: The economic impact also encompasses the strength of our networks. When local churches, organizations and individuals step up to provide support, they create a culture of care that benefits not just one family but the entire community. This engagement enhances resilience and reduces vulnerability to risks that could lead to separation. By calculating the value of time saved for workers and measuring the outcomes of community involvement, we can identify the financial value generated through these partnerships.
- Long-Term Transformation: Our work yields significant long-term benefits. Every dollar invested in meeting immediate needs is a proactive step toward improving child welfare outcomes. By preventing crises today, we diminish the need for more intensive interventions tomorrow. This transformation reflects a shift toward a prevention-focused model, where the aggregate economic impact is realized by considering multiple outcomes such as, the time and resources saved, the services provided and the cost avoidances achieved. Ultimately, CarePortal’s economic impact is a summation of these diverse values, illustrating the comprehensive benefits of our mission.
A Milestone Worth Celebrating
Crossing $100 million in economic impact represents countless stories, each unique, yet woven together by a common thread of community and compassion. It’s about the single mom who received a bed for her son, the foster parent who found support in her church and the child who remained safe in their home.
This milestone is a reflection of our collective effort, a vibrant tapestry of Care-Sharing that has empowered communities across the country. It reminds us that connection truly changes everything and it’s a call to continue this important work.
Moving Forward Together
As we celebrate this achievement, we invite you to join us on this journey. Whether you’re a case worker, a church leader or simply someone looking to make a difference, your role is vital. The more we connect, the stronger our impact becomes.
We’re committed to leveraging our technology to create radical access to immediate needs, ensuring that we surface and solve the challenges families face. Together, we can continue to prevent the preventable and transform the future of child welfare.
Let’s celebrate this milestone, but let’s also look forward. With compassion we can forge even stronger connections, ensuring that every family has the support they need to thrive. Connection changes everything.