For many NFPs, it will be extremely difficult - if
not impossible - to financially withstand the impact of COVID-19 without
substantial government support and regulatory relief. This is the case given
NFPs typically have scarce monetary reserves and limited ability to access
other sources of capital such as finance. The way forward is clearly articulated in the following AICD article.
The Social Good Summit Australia is running a one day event to inspire and discuss solutions to the greatest challenges of our times by raising awareness and exploring the possibilities of the UN Sustainable Goals for the promise of creating a better world by 2030.This event is generously run solely by volunteers.Register to attend on Saturday 18 September: https://www.socialgoodsummit.com.au/tickets
Indigenomics, founded in Canada, draws on ancient principles that have supported indigenous economies for thousands of years, and works to implement them as modern business practices. How might we embrace this type of dialogue interwoven with Australian Aboriginal and Torres Strait Islander wisdom?https://indigenomicsinstitute.com/
Change is coming. Foundations who once would have invested to maximise profits (under their fiduciary duty) even if would be counter to the mission of the Foundation are waking up to fact they are part of the problem (e.g. anti-cancer NFPs that would invest some of their corpus in Tobacco companies).This article articulates the challenge and suggests four steps to help Foundation Boards ensure they are not undermining their good work.https://nonprofitquarterly.org/trouble-in-paradigm-foundations-bargain-with-the-devil/