Charities' costs cannot be ignored
Article Abstract:
Charities can be run as businesses and this can help improve efficiency. The popular notion of a charity in the UK is of a body run through volunteer aid and donations, but there are advantages in viewing charities as businesses. Charities can create jobs and the rates of pay advertised can lead to protests from donors. Those charities which claim to be run only through donations have to include donated office equipment and the like, and administrative functions are necessary, in addition to involving costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Benchmarking: charities are increasingly recognising the importance of performance measurement and more of them want to compare their performance against a specific benchmark
Article Abstract:
Few charities set themselves specific target benchmarks against which they can measure performance. The WM Company is a performance measuring service with a standard charities service which analyses the charities investment performance separating funds with total investment discretion from those with constraints. Kleinwort Benson believes that smaller charities investing in collective investments can set and meet benchmarks for capital growth or income.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Cash management: there are number of reasons why charities might want to have cash reserves. How they are invested will depend on their size and how long they can be invested for. What is important is to maximise returns whilst minimising risk
Article Abstract:
Charities wanting to hold cash reserves should separate them from a working balance which might be required to meet liabilities as they fall due. Reserves are of a longer term nature and can be built up for precautionary reasons, to improve the long term effectiveness. A strategy for a fund depends on when the reserves may be required, the size of the reserves, the acceptable level of risk and whether a set level income or capital growth is required.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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