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Weathering the Storm: Navigating and adapting for uncertain times

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This mirrors global trends, where non-profits are grappling with reduced government funding and cautious donors. Read more: Support Report August 2023 [1] AICD Not for Profit Governance & Performance Study 2023-24 [1] SBS News 1 September 2024 And The Guardian 26 November 2024 Total giving dropped by $1.3

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CSR, ESG & SUSTAINABILITY – WHAT DO THEY ALL MEAN?

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As a result, two concepts – and terms – were born: CSR (Corporate Social Responsibility) and ESG (Environmental, Social & Governance). ESG (Environment, Social & Governance) on the other hand is a broader framework that evaluates a company's performance in three key areas: Environmental, Social, and Governance factors.

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A LARGE BUT COMPLEX PURSE

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Motivations range from addressing a negative impact , pressure from investors, activists and/or stakeholder groups, maintaining their social licence to operate, to improving reputation in the eyes of consumers, government, staff and public, and cost savings , to name a few. 1] ESG – Environment, Social & Government measures. [2]

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WHO PULLS THE CORPORATE PURSE STRINGS?

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Just like the government has numerous departments and therefore many budgets, or an individual might donate from different purses (their will, salary, or family trust) so do corporates.

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NOT ALL MONEY IS CREATED EQUAL

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A philanthropic grant – whether from government or a company foundation - is tied money. You can spend it on whatever is a priority, and often it’s the ‘not very sexy’ things like staff training & salaries, rent, IT improvements, infrastructure etc. So why then do so many non-profits go chasing after TIED MONEY!?

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KNOW THYSELF – THE PATH TO WISDOM

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For instance, having no government funding for a non-profit can be seen as a strength as it means they’re completely independent and nimble – important to many corporates. It’s important to recognise the malleability of an issue or element – that at times, it can be both a strength and a weakness.

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THE POWER OF RESEARCH

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To prove a theory to secure more government funding? If it’s what’s known as ‘quantitative research’ [1] there must be an adequate sample size for it to be credible. Six things I’ve learned from authoring over 7 reports & books based on research data: Why are you doing the research?