GEOList Summary: Defining Leverage

As we are finalizing our first dashboard for our Board, we are debating how does the field define “leveraging” funds? We would appreciate hearing your thoughts as I suspect this is more on the art side rather than the science of philanthropy. Seems pretty clear it includes funds which are raised exclusively because you are willing to fund and you orchestrate others to do so also. However does it include funds from others who are co-funding a project with you but would have done so anyway and certainly not because of your efforts? Do you count indirectly raised funds such as when you fund a grantwriter for an organization to write like a federal grant and they receive it?