Funding Commission chair highlights impact reporting as a 'key issue'

Finance | Tania Mason | 26 Feb 2009

Impact reporting will become even more important over the next few years as charities are forced to demonstrate the effectiveness of their work in a tougher funding environment, the chair of the sector’s new Funding Commission has predicted.

In an interview with Charity Finance, , the former deputy governor of the Bank of England, outlined the Commission’s remit for the next year and said it would spend the first few months indentifying the key funding issues that the sector needs to address. These may include the impact of the stock-market slump on endowed foundations; the impact of house price falls on legacies, and the growing prevalence of “outcome-based funding”.

“In a tougher funding environment, being able to demonstrate that what you do makes a difference can be key to unlocking funding and unlocking it in different ways,” she said.

By the end of the Commission’s tenure, Lomax said, she hoped it would have pinpointed “a few big issues that the sector ought to be working at, on the fundraising front, for the next ten years. These will be subjects that you won’t get right in one year or two years, but if you get them right over ten years, you will transform the sector.”

Directory: Funding Commission

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