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A third of charities with a turnover of $250,000 or less have less than three months of financial reserves remaining, according to a new survey. The findings, in the RESET 2020 National Support Program and Research Study, which is still open, show that 50 per cent of the organisations surveyed are suffering a loss of revenue, and 11 per cent needed immediate financial support. The information gathered so far also shows that despite 44 per cent of charities experiencing increased demand for services during the coronavirus crisis, just 4 per cent report an increase to revenue. You can read the full version of this story on the Pro Bono News website.Posted on 14/05/2020 by -
Tony Stuart, who is leading the NFP coronavirus committee established by the National COVID-19 Coordination Commission this month, says the NFP sector can make a significant contribution to the community during the COVID-19 crisis beyond. Mr Stuart, who is the CEO of UNICEF Australia and the chair of the Charity, Philanthropy and Fundraising Advisory Group, told Pro Bono News the group aimed to identify the barriers charities faced when providing services. He said tackling dropping giving levels and charity red tape will be the top priorities of the newly established NFP working group to ensure charities can assist during and after coronavirus. The NFP coronavirus committee will also work to highlight the ways in which the NFP sector can make a significant contribution to the community during the crisis and the rebuilding phase of COVID-19, added Mr Stuart.Posted on 29/05/2020 by
