The de Beaumont Foundation joined with several other funders to support the creation of an Institute of Medicine (IOM) Committee to determine how best to measure the value of community-based, nonclinical prevention policies and strategies. Current economic frameworks and methods fall short of predicting the costs, savings, and other benefits of prevention. Through the Board on Population Health and Public Health Practice, this Committee conducted an ad hoc study to develop a framework for assessing the value of community-based, non-clinical prevention policies and wellness strategies, especially those targeting the prevention of long-term chronic diseases. This framework will focus on currently available and other potential approaches for assessing non-clinical and community-level interventions designed to prevent disease and poor health. The final deliverable was a consensus report outlining the Committee’s framework. The target audiences for the report include policymakers, providers, public health practitioners, community-based practitioners, and funders who are responsible for allocating program implementation funds and evaluation resources.