With the well-publicised collapse of the UK based ‘Kids Company’ charity still fresh in the mind of the donating public, the need for foundations around the world to be accountable and transparent has never been more prevalent.
It is no secret that many non-profit organisations have not lived up to their charitable name, engaging in tax avoidance as well as experiencing funding problems and failing to deliver on the results generated by donations.
It is vitally important that both large and small non-profit organisations in the current climate remain accountable to their donors. Many individuals donate large sums of money to charity in the hopes that the donation is distributed and utilised effectively, often with little prior research.
It is therefore advisable, not only for all charities to be as transparent with their donors as possible, but for the substantial donors themselves to enquire as to how their donations are being utilised.