JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
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Credit crunch ‘offers opportunities for charities’
Despite the difficulties many sectors are experiencing during the current tensions within the financial markets those working for charities could be set to benefit, it has been suggested.
According to Charles Nall, chair of the Charity Finance Directors’ Group and corporate services director at the Children’s Society, charities which have a good long-term diversification policy intact can view the current economic situation as a "storm in a tea cup".
Meanwhile Charles Mesquita, charity specialist at investment management company Rensburg Sheppards, claimed that as most third sector groups adopt a long-term risk perspective, short-term fluctuations should not be too much of a concern.
He said: "If anything, when you get market movements like this, it offers opportunities."
Biman Mittra, finance director of children’s charity Coram, added that the current financial situation provides a rare chance for charities looking to invest to make money.
In turn, this could help those charities wishing to maximise their sustainable efficiencies.
Earlier this month, it was revealed that the National Endowment for Science, Technology and the Arts is looking to establish a social finance market to help small investors engage with one another.
More about sustainable efficiencies.
