09 November 2001
Michael Brophy, chief executive of the Charities Aid Foundation, told its annual conference this week that donations are unlikely to keep pace with what the public expect charities to deliver.
A new sector is needed, he said, 'in which public and private money is invested in large amounts for public benefit'. It would include charities, non-profit companies and mutual societies, and would attract 'flexible tax breaks' and a guaranteed low rate of return for investors.
Brophy also called for a new body to regulate how charities use their donations. His comments come shortly after a National Audit Office report highlighted weaknesses in how the Charity Commission deals with maladministration.
These calls for charity reform coincide with two reviews of the sector, by the Treasury and the Performance and Innovation Unit.
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