An issue of TRUST
According to the latest NFPSynergy report the recognised vulnerability for Irish charities is the issue of trust. With continuous and intense media and government scrutiny, it is imperative to ensure that proper levels of governance, accountability and transparency are established and nurtured. The significance, and crucially the ubiquity of this requirement cannot be emphasised enough as it plays a fundamental role in maintaining the trust of partners, patrons, the general public and all those that rely on the vital services of charities.
Charities Institute Ireland's 'Triple Lock' mechanism is in place to explicitly rebuild trust. It is important to reflect on the benefits for charities that actively engage with this process. Such a benefit will be the trust of their donors. In an age of high and pervasive levels of cynicism, for charities trust is their most valuable economic asset.