Therefore, this work aims to demonstrate the Blockchain impact on the development of charity 4.0, especially in an extremely dramatic historical moment marked by the Covid-19 pandemic.
However, it is still too little considered due to the criticalities encountered during the launch and development of the initiatives as well as for a general incomprehension of its technology. Today, the Blockchain can play a pivotal role to re-establish pre-pandemic standards and enhance the development of global philanthropy. Contrary to what should have happened to further combat the effect of pandemic, the majority of philanthropic organisations had a negative impact on fundraising, suffering a substantial decrease. Lots of small charities have secured funding to support sports or recreational services, some in new partnerships, as part of a national anti-obesity drive.The Covid-19 emergency is demonstrating the need to follow new solutions that can support the important role played by non-profit organizations around the world. “Covid has shown that there are new opportunities,” she says. However, despite the bleak outlook, Macdonald believes charities have already proved their ability to adapt to the crisis. “Charities have been hit hard, especially those that depend on public fundraising,” agrees Rosemary Macdonald, chief executive of UK Community Foundations, a network of grant providers for local charities. “We’re looking at charities who got nothing and are now closing, or merging or going dormant,” she says, warning that many may not make it to the end of the year. Like Millar, she worries about the sustainability of smaller local charities, especially those dependent on council funding, itself under threat. Government funding was very specifically focused on Covid-related services, and while donations did increase, much of the additional money was for NHS charities, says Rita Chadha, chief executive of the Small Charities Coalition. There was also a surge in volunteering and the government handed out emergency funding.Īll these are welcome – but they have a sting in the tail. Donors’ generosity pushed the total up to £5.4bn in January-June. UK charity donations in the first six months of 2020 were up on the same period the previous year, according to the Charities Aid Foundation. Smaller, local charities are especially exposed to the crisis.Īnd recent research by academics in Birmingham and Southampton found that many charities in England and Wales had low levels of financial reserves to fall back on: for just over a fifth of charities, reserves were equivalent to less than a month’s spending.
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“We don’t have a set fundraising target for this year’s appeal but we are committed to doing everything we can to help children and young people get through the current crisis,” says Simon Antrobus, chief executive of the charity, whose telethon is this Friday.Īnalysis in June by independent charity Pro Bono Economics predicted a £6.4bn loss of income over the six months to December 2020 for the UK’s 170,000 charities, leaving one in 10 potentially facing bankruptcy. Last year, Children in Need raised nearly £48m, but it also faces a potential downturn in donations. The charity expects to lose millions in donations as a result. The poppy appeal runs from 22 October to 11 November, but this year, for the first time in the organisation’s 99-year history, fundraising by volunteers on the streets had to be cancelled. Two of the UK’s largest charity appeals, Children in Need and the Royal British Legion’s annual poppy appeal, which between them raised £98m last year, are braced for significant downturns in donations.
It’s not just smaller local charities feeling the impact of the virus. “We’re doing everything in our power to support our clients, but there is an issue about longer-term sustainability.” “So many charities are in the same position as us, and grant providers may have to redirect funding towards other charities that may not previously have needed it,” she says. It’s the longer-term outlook that worries her now. Local support also grew, but in the form of people volunteering, or donating toys, rather than giving money – something Millar understands when the pandemic is threatening so many people’s livelihoods. It moved its training online and used emergency government funding to ensure it could meet the growing demand for services. The charity had to find a way to continue to support its clients and managed to adapt, she says.
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