The source of charity donations has become a topic of discussion in recent times.
While accepting donations is a vital aspect of maintaining a successful charity, recent events have highlighted the importance of keeping ethics in mind before cashing in on a charitable contribution.
Indeed, concerns such as the Presidents Club scandal have forced charities to take a closer look at their donors to ensure accepting a donation won’t compromise their organisation’s reputation or values.
Consider this guidance to promote proper donation practices:
- Never accept a donation if it would be unlawful to do so or if it would negatively impact the purpose of your charity.
- Ensure that accepting the donation and being associated with the donor aligns with your charity’s values. Avoid anonymous donors.
- Establish and communicate a clear policy regarding your charity’s standards and processes for accepting and refusing donations.
To learn more about the various insurance solutions to protect your charity, contact Bollington on 01625 348029.