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Managing the risks of charity fundraising

This guide by Access Insurance Services highlights the importance of risk management for charity leaders when diversifying their fundraising efforts. It covers several key risk management considerations in the context of fundraising:

Strategic and financial risks
▶ Evaluate the risks and strategic benefits of various fundraising tactics, such as legacy giving, events, mailshots, SMS appeals, etc.
▶ Conduct risk assessments and have contingency plans in place.

Regulatory risks
▶ Ensure compliance with fundraising regulations, data protection laws, and safeguarding requirements.
▶ Provide proper training to staff and volunteers.

Reputational risks
▶ Develop a crisis management and communications plan to address potential reputational damage promptly.

Operational risks
▶ Implement proper cash handling procedures when collecting funds from the public.
▶ Manage cyber and fraud risks by securing systems and data.

Insurance
▶ Consider insurance to transfer risks associated with fundraising activities.
▶ Consider Trustees, Directors & Officers Insurance for financial protection against wrongful acts claims.

By proactively managing these risks, charity leaders can safeguard their organisation's reputation, resources, and ability to carry out their mission effectively through fundraising initiatives.  

For more information click on the image below 👇

Access Insurance Services are Chartered Insurance Brokers, run on Christian values and social enterprise principles, which as part of the Benefact Group, gives all available profits to charity. They give independent advice and work on behalf of many CSC Buying Group members to build a bespoke insurance policy that covers their unique risks.

Access specialises in helping charities, churches, and Christian businesses, making them well-placed to advise and arrange insurance for our members. In addition to achieving savings,

Access provides a full review of your current insurance to make sure you are properly protected.

Products: Buildings, Contents, Vehicle, Employers, Public, Cyber, Travel and Risk management.

Pricing: Specially negotiated terms.

Testimonials: “Great staff who took time to understand our ministry and its insurance needs. I have already recommended Access to several people.” CSCBG Member



 

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