Global conditions will mean significant changes to the financial situation for Swedish nonprofits in the next few years, says a new report from EFA member Giva Sverige and consultancy firm PwC.
The ninth edition of the annual ‘Who finances civil society?’ report shows that charitable giving as a proportion of Swedes’ disposable income has dropped slightly, but that the long term trend is positive.
However, potential for a drop in donations, pressure on public sector budgets, and economic uncertainty all mean that nonprofits in the country must think strategically about their organisation’s purpose, and their finances.
The report contains five recommendations for civil society organisations:
Charlotte Rydh, general secretary at Giva Sverige, and EFA president, says:
“It is clear that civil society organisations will be facing a very different funding picture over the next few years. This will make it necessary to work more closely than ever with the public and private sectors to ensure that vital services can still be delivered, and also for individual organisations to have a clear strategy for what they seek to achieve, and how to secure the financial resources they need to make that possible.”
Separately, Giva Sverige has published the Q3 version of its regular report on donations trends in the country.
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