Key quotes from recent Charity sector report 05 Apr 2017 Post by: Steven Moe
In the last blog post that you can access here on the JB Were “New Zealand Cause Report” we mentioned two key points it highlighted. This post quotes from the report and comments on some other aspects raised.
I thought the easiest way to quickly provide bite size information would be to include a few of the most interesting quotes:
- The entire charitable sector plays a really important role in society: “There needs to be greater recognition that society works better with a strong and sustainable NFP sector.”
- Regarding the amounts involved in the sector: “These values underestimate the real worth of the social output from the sector as they do not capture the true cost saving to society of their activities.”
- As for the risk of charities not obtaining funding: “This risk of capital blockage may be starting to break with the growing interest in social and impact investing and the continued blurring of the lines between for-profit and NFP organisations.”
- The number of new charities: “Since 2010 there have been 2.5 new charities commence each business day.” They note this may lead to an overall burden on supporters as more and more people are needed to be in Board positions.
- On potential duplication of charities: “The real issue with charity numbers is the potential duplication of energies, ideas, incomes and assets and the lack of shared knowledge and potential public confusion and then inaction. It is a discussion worth continuing.”
- Self-earned income: “Self-earned income needs to be a growing focus for most organisations. The blurring of the line between for profit and NFP will continue. While some will have philosophical debates, there is little doubt that economic growth (along with technology) has been the greatest driver of rising living standards and poverty alleviation, particularly n developing nations with microcredit a leading example. Business with a mission focus needs to be a large part of the future of the sector.”
As the report is 60 pages I would encourage you to have a look at it as well – there are a lot of graphics and it can be accessed here.