Half of Dutch charities expect decline in income
Charity groups will rely on financial buffers to tide over the recession, leaving recipients of charity unaffected by the cuts.
Amsterdam – Nearly half of the charities in the Netherlands expect a decline in their income as the Dutch tighten their belts due to the financial crisis, says a recent research.
The survey, which is carried out by consultancy firm PricewaterhouseCoopers (PwC) and knowledge platform for the charity sector Civil Society Foundation, shows 49 percent of charitable groups think their income will drop.
One quarter of the 500 charitable organisations surveyed also said they are planning cuts in staffing levels.
The organisations are also hoping to leave the recipients of charity unaffected by the cuts as they rely on financial buffers.
The decision by organisations to dip into their reserves is welcomed by the trade association of national charities fundraising, reports de Volkskrant.
“A financial crisis should not turn into a social crisis if donators stop giving… It is important to maintain confidence in the organisations," said Gosse Bosma, director of the Association of Fundraising Institutions.
Earlier in July, a report by de Volkskrant said Dutch charities were not affected by the crisis and even saw donations in 2008 rise 6.5 percent to EUR 684 million.
However, revenues are set to decline over the coming years as more people feel effects of the recession.
"The crisis is now being felt by more people as holidays are now over," said Martin Bauman, president of the civil society sector group at PwC in an interview with de Volkskrant. "Many observers are holding on to their purse. The willingness to give is slowly declining."
Radio Netherlands / Expatica