Giving Compass' Take:
- Angela Kail and Rhodri Davies discuss how philanthropists should respond to the cost of living crisis to best serve those impacted.
- How can you shift and grow your giving to meet the needs created and exacerbated by the cost of living crisis?
- Read about what happens to charitable giving when the economy falters.
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In this episode Rhodri is joined by Angela Kail (Director of Consulting at New Philanthropy Capital (NPC)) to take a look at the growing cost of living crisis in the UK (and beyond), and what it means for philanthropy, grantmaking, and the work of civil society organisations. Including:
- Impact on charity finances
- What will the impact of inflation be when it comes increasing costs (e.g. staff costs, energy, food, building materials, leisure equipment, etc.)?
- What impact will inflation have on decreasing the value of reserves or longer-term contracts/grants?
- Will any of the government measures announced so far (e.g. capping energy bills) help charities? Are they enough?
- What will the impact of rising interest rates be on charities?
Read the full article about the cost of living crisis at NPC.