Maximising Impact: How philanthropists can do the most good on the ground | Philanthropy Impact

Maximising Impact: How philanthropists can do the most good on the ground | Philanthropy Impact: "Philanthropy and financial risk management?
At first look, philanthropists and financial risk management may seem an unlikely pair. But as you start thinking about the emerging markets the projects are most situated in, the procedures and regulations involved in transferring their funds into the local currency, and the operational work involved in getting the funds delivered to the right people on the ground, you begin to build up a picture of the how complicated this international operation actually is. One of the main issues for NGOs is that often they receive donations in one or two currencies, which then need to be transferred to the local currency. This issue is just as prevalent in the world of philanthropy as the denomination will often be held in one currency, usually the ‘home’ currency, and this will be far removed from the currency needed for work delivered on the ground."



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