With public funding likely to decrease in the coming years, the Finnish Government has been exploring how to support the nonprofit sector’s fundraising, with the options presented in a new report.
The research saw a governmental working group along with not-for-profit organisations (NPOs) look into alternative funding methods such as tax deductions for donations and gift matching schemes, as well as state grants. In January the Ministry of Finance published a report on the findings with a focus on the latter and has now requested feedback from stakeholders.
VaLa, Finland’s fundraising association, says fundraising in the country has now professionalised and NPOs need support to implement sustainable and successful fundraising. It states that broadening the funding base and having more long-term financial sources will help.
VaLa’s secretary general Pia Tornikoski comments:
“Traditionally, many Finnish NPOs have received state funding for their operational costs in two forms: general and project grants. Different ministries direct funds consisting of hundreds of millions of euros to organisations. The ongoing work of the ministries is also aimed to harmonise the whole state funding system. The potential direct support for the fundraising operations of NPOs would be the same for organisations of all sectors, from international aid to sport clubs. NPOs would also have freedom to choose what kind of fundraising methods they would like to invest in.”
The report presents different options along with an estimation of the impact each could have:
The stakeholder feedback will be taken into consideration before any further action is taken.
Picture by Baptiste Valthier on Pexels
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