FINANCE NEWS: Charity consultant says sector needs to take more risks

Conservative thinking is preventing charities from taking advantage of investment opportunities in Community Development Finance Institutions (CDFIs), charity consultant David Carrington has claimed.

Speaking at the Community Finance Association conference in Glasgow, Carrington, former chief executive of the PPP Foundation and a member of the Social Investment Taskforce, said that an "investment orthodoxy

was stopping a significant flow of funds into CDFIs from charities.

Trusts, in particular, could invest more of their funds in CDFIs under Programme Related Investments, yielding a financial return while simultaneously furthering their charitable aims.

"At the moment, charities' investments are handled by hard-nosed businessmen while their grants are managed by bearded Guardian readers,

said Carrington.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus