Robert Nieri discusses new legislation intended to clarify the law on social investment and enforce better fundraising practice to restore public trust in charities
The saying goes 'It takes a lifetime to build a good reputation, but you can lose it in a minute'. And don't charities know it, after bruising media and parliamentary scrutiny of high-profile cases of bad fundraising and governance.
The Charities (Protection and Social Investment) Act 2016 received royal assent on 16 March this year, although none of its provisions are yet in force. While enacted to protect charities and to facilitate social investment, the Act also contains significant provisions designed to promote better fundraising.
Protection of charities
Reading the Act, you are left in no doubt that it ...