Grants ”required to monitor charity effectiveness”

Posted in News on the April 20th, 2009

Charities need financial assistance to help monitor the effectiveness of their work.

The recently-published How Are You Getting On? report from New Philanthropy Capital (NPC) reveals that although many grant providers for those operating in the third sector ask for information on their performance, more than a third do not provide funding to allow them to do this.

Gustaf Lofgren, author of the report and research analyst at NPC, states: "Charities are getting better at collecting data, but they need to move on to analysing and using it.

"If they can show they are learning from their data and improving, we believe funders will reward them."

Furthermore, the research indicated that although grant givers and charities are generally satisfied with the information exchanged when applying for money, there remains significant room for improvement, something that could interest charity leaders looking to boost the skills framework of their organisation.

Meanwhile, a recent ThirdSector.co.uk article revealed that charities are increasingly making use of experimental investment models - such as mission-connected investments, where money is put into assets that actively further an organisation’’s cause into addition to providing a return on investment.

More skills framework information.ADNFCR-1923-ID-19128599-ADNFCR

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