Jersey Community Foundation
The Jersey Communications Foundation said “further engagement” was needed from the financial industry.
Charities in Jersey receive less than 2% of their income from corporate sponsors, according to a new report.
The value of the third sector report shows it contributes £230 million to the Jersey economy, a contribution that is “often unrecognized”, Jersey Community Foundation (JCF) said.
The JCF said Jersey’s third sector, which includes charities, not-for-profits, voluntary organizations, social enterprises and housing associations, needed “further involvement” from the financial industry.
Jersey Finance chief executive Joe Moynihan said there was “always a different or alternative way” to support the third sector.
He said: “We have always recognized how important supporting our local communities is to our industry.
“Our member companies make a very active contribution to island life, as well as communities further afield, in a variety of ways, either through their businesses or through the individuals who work for them.
“From volunteering and fundraising for community projects and charities, to supporting and providing sponsorship for education, sport and environmental programs, we are proud to see the hard work that goes on behind the scenes across our member companies. I see it.”
Jersey Community Foundation
Jersey Community Foundation chief executive Anna Terry said the “true value” of the third sector was often not recognized.
The Value of the Third Sector report was commissioned by JCF in partnership with Jersey Overseas Aid, Jersey Community Partnership and PwC Channel Islands.
JCF chief executive Anna Terry said the “true value” of the third sector often went unnoticed.
She said: “This report highlights the incredible contribution that Jersey’s third sector makes not only to our economy but also to the wellbeing of our island communities.
“Our hope is that this report will deepen awareness of the third sector and encourage greater collaboration and investment from all corners of the island, whether through donations, volunteering or strategic partnerships.”
“You’re underestimating the full range.”
PWC said the £230m figure “may underestimate the full extent of the sector’s impact” as not all charities are included in the data.
It said the report did not take into account the “tremendous benefits” that could be delivered through welfare, cultural enrichment and environmental stewardship.
The report said respondents felt there was insufficient support from the government and that the government needed to “fill the gap” in access to technology and innovative digital solutions. added.
The Government announced on Tuesday that it would allocate £4.5 million to charities and voluntary organizations over the next three years.
