- Defining the constitution
South African nonprofit organisations (NPOs) can essentially be established through one of three structures, being; voluntary associations, nonprofit trusts and nonprofit companies. Each of these NPOs have different founding documents, namely: constitution for the voluntary association, trust deed for the nonprofit trust and memorandum of incorporation for the nonprofit company. The definition of ‘constitution’ in the Nonprofit Organisations Act includes a trust deed and memorandum of incorporation.
Everyone who is at all interested in the well-being of the South African non-governmental organisation (NGO) sector is aware that the past few years have been challenging.
Share Your NGO Storytelling Experiences on 4 September 2014
A well-managed reserve fund is a vital component of any organisation’s sustainability strategy. Reserves provide a safety net to carry organisations through the lean times but they also, crucially, offer the breathing space to enable meaningful collaboration, planning and growth so that organisations deliver the best, most transformative solutions to South Africa’s challenges.
Alan Wellburn from Citadel Wealth Management explains.
Findings from a follow-up to the NPO Funding Cuts and Job Losses survey, conducted by GreaterGood South Africa in October 2013 show that while things are better for nonprofits in South Africa many are still challenged by funding cuts, resource constraints and an uncertain financial position.