Charities need to start looking beyond fundraising and towards social enterprise if they are to achieve their ultimate goals, delegates at the Third Sector/Action Planning fundraising conference were told earlier this month.
"If you want to do something about HIV or the environment, you can't get there by philanthropic advances alone," said Malcolm Heyday, chief executive of Charity Bank, in his speech to the conference. The event explored options for charities wanting to escape grant-dependency and adopt sustainable, earned-income sources.
Geraldine Peacock, charity commissioner and former chief executive of Guide Dogs for the Blind, said charities must reassess whether being a charity is still the best way to deliver their aims.
She also advised charities to capitalise on their assets and intellectual property rights.
"At Guide Dogs, our asset was the vats of dog semen that we had at our breeding centres, which we sold to breeders" said Peacock.