Risks to the charity sector
13 September 2018
Read our whitepaper in response to concerns from charities about upcoming changes to the charity landscape.
Charity sector insights
At Ecclesiastical, we believe that working with key industry bodies, third sector groups and our customers is invaluable in gaining a true understanding of the challenges and opportunities the charity sector faces today.
That’s why we were delighted to support initiatives like New Philanthropy Capital's (NPC's) State of the Sector programme - a piece of research which began to explore the new ways in which charities are adapting to change in order to deliver the best results for the people they help.
We also carry out our own surveys with charities and this insight helps us not only to shape our products but also to develop our specialist market knowledge and hone our expertise, enabling us to share best practice and advice on how to manage risks in the sector.
In our most recent survey in late 20171, charities told us the top 10 risks that they are concerned or very concerned.
Top 10 concerns
- Funding 84%
- Impact of Government changes 72%
- Reputational risk 66%
- GDPR/data protection 65%
- Cyber/internet crime 63%
- Grant providers 62%
- Employer liability 53%
- Exposure to social media 51%
- Increased focus on governance 45%
- Impact of Brexit 44%