Charity and Philanthropy For Dummies (For Dummies (Business & Personal Finance)) by Muth Karl T. & Lindenmayer Michael T. S. & Kluge John

Author:Muth, Karl T. & Lindenmayer, Michael T. S. & Kluge, John [Muth, Karl T.]
Language: eng
Format: epub
ISBN: 9781119941873
Publisher: Wiley
Published: 2014-01-08T23:00:00+00:00

Looking at the benefits

Recent research indicates that often no one misses out by participating in venture philanthropy. In fact, applying the key business principles to charitable programmes can be beneficial:

Charities benefit from greater oversight. Charities with good governance practices tend to hire better-trained people and run on leaner budgets. Such organisations are generally better equipped to meet donor expectations.

Social businesses are run more diligently because they know they need to meet interim benchmarks instead of merely looking good in annual budgets or photographs sent to donors.

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