Great expectations: report on charitable funding and accountability
Yang, Cherrie; Sinclair, Rowena; Hooper, Keith
Citation:Yang, C., Sinclair, R., and Hooper, K.C. (2014). Great expectations: report on charitable funding and accountability. New Zealand Law Journal, pp.103-105. An online version is available behind a wall but free with institutional access from LexisNexis.com.
Permanent link to Research Bank record:http://hdl.handle.net/10652/2903
The charitable sector is reliant on government and philanthropic funding. From 2007 onwards, the financial crisis has had a significant impact on charities, with many experiencing severe financial difficulties. Although the current environment is no longer in an economic downturn, the lack of funds available is still of concern in the charitable sector. Governments have had to trim their budgets and reduce the supply of funding, and some funding that had been promised to charities has not been delivered. A survey concludes that nonprofit organizations (including charities) in Australasia are competing for a limited pool of funds, and some may not survive for more than six months if their current funding is not renewed (Doing good and doing it well? Grant Thornton Australia and New Zealand Not for Profit Survey 2013/2014. (2014)). The limited amount of funding available means charities must compete with each other in getting more resources. Such competition has led many charities to be more accountable as to their use of funds.