The COVID-19 pandemic has highlighted the urgent need for charities to expend their ‘rainy day funds’ now, rather than hoarding for the future. For charities lucky enough to have endowments or material investments, such as universities, philanthropic foundations and some schools and hospitals, the collapse in many investment markets and in current income may nevertheless generate reluctance to realise and utilise investments. This article examines the role of activity-based regulation in encouraging charities to spend now, when it is needed.
|Number of pages||22|
|Journal||Third Sector Review|
|Publication status||Published - Oct 2020|