Wednesday, April 7, 2010

Charity amount should rise with Inflation

As per a research conducted by National Council For Voluntary Organization (NCVO) and Charities Aid Foundation (CAF), haraties need to encourage people to donate more in order keep a balance with inflation.

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The reports state that people tend to keep their donation amounts unchanged for years whereas inflation levels keep rising every year. The same rate of donation year after year effects the value of donations in a big way. A lot of charity happens through working individuals but with the recession hit, the donors have become less generous. The amount of money collected through single donors has reduced. As per the research people need to increase their donations from time to time. But this does not seem to happen.

FLIP project includes participation of local students to provide nonprofit fundraising ideas for charity to create community awareness Gibraltar amongst the teenagers.

In such a scenario the role of charity organizations is significant in making people reassess the value of their donations and asking them to increase their charity amount. The charities also need to adjust their inflation expectations when planning for long term goals.
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