Prior to the Covid-19 pandemic many NFP’s were already operating with thin or no margins and limited reserves, a situation that has only escalated in the current economic climate. The pressure to underreport indirect costs (HR, IT, finance), and widespread underfunding of direct program expenditure, leaves NFP’s vulnerable and in a ‘starvation cycle’ limiting their ability to deliver impact.

In a halleluiah moment for charities, there has now been formal acknowledgement that low overhead costs are not a true indicator of effective service delivery.

The Centre for Social Impact and Social Ventures Australia, supported by Philanthropy Australia, The Paul Ramsay Foundation and Origin Energy Foundation, have explored the financial health of over 16,000 Australian Charities, to determine if there was evidence to support changes to funding models.

Through their ‘Partners in Recovery’ series, the group released the ‘Paying what its takes’ report. The key findings of which were:

Indirect costs do not indicate the efficiency or effectiveness of a not-for-profit
Not-for-profits ‘true’ indirect costs often far exceed the amount they are funded
Caps on indirect costs lead to lower capability and effectiveness
The drivers of indirect cost underfunding are complex and interrelated

These findings reflect the ongoing financial challenges facing many NFPs and numerous aspects to creating meaningful changes to existing funding models. However, there are things NFP’s can start to implement immediately that can make a difference. In this session we will explore:

How to shift the focus to impact and investing in impact measurement
Initiating open and productive conversations about the true costs of programs and initiatives
Transparency in reporting actual indirect costs

Helping to inform our sector leaders about this research; the philanthropic initiatives being undertaken; and how they can help ensure that momentum continues, we will be joined by:

ROUNDTABLE GUESTS:

Doug Taylor. CEO. The Smith Family.
Genevieve Timmons - Senior Associate and Partnerships Manager, Alliances Paul Ramsay Foundation.
Dr Jeremiah Thomas Brown – (Prev) Research Fellow Centre for Social Impact / UNSW Canberra.
Rachel Kerry – CEO. Cages Foundation.
Sam Thorp – Manager, Consulting. Social Ventures Australia.

ACCESS THE 'PAY WHAT IT TAKES' REPORT

ACCESS SPEAKER BIOS

EVENT DETAILS:

Date: Thursday 5th May 2022
Time: 2:00pm – 3:00pm
Location: Zoom | or onsite: Christies Spaces - 100 Walker St. North Sydney

PRICE:

FREE for NPA members (NPA HUB; Coaching; Associate Members only)
$39 for Guests/ Non-members
REGISTER/ purchase your tickets below. We look forward to you joining us.

OR BECOME AN NPA ASSOCIATE MEMBER - 12MTHS OF KEYNOTES ONLY $155

FIND OUT MORE about The NonProfit Alliance leadership programs. Book a chat with Carmel or visit our website for further information.

NONPROFIT ALLIANCE LEADERSHIP PROGRAMS

BOOK A CHAT WITH CARMEL