Did you know that UK INGOs spend between £50-80m each year when sending or receiving funds from overseas?
Generally, charities do not receive the most competitive exchange rates nor an impartial platform to explore risk mitigation products. Evidence of this was identified exactly 10 years ago by the Missing Millions report, published by an independent think tank called Stamp Out Poverty. They identified the potential for large sector-wide savings each year if charities introduced competitive tender and improved treasury risk management when managing their currency exposures.
In response, Charitytransfers.org was set up by Audere, to put its expertise, system infrastructure and technology in the hands of non-profits so that ultimately more money is delivered where it is needed. Since inception, Charitytransfers.org has helped more than 55 INGOs, save more than £2.7m each year, averagely helping each client reduce their FX costs by approx. 41%.
We provide three core advisory solutions to help our charity clients manage their currency exposures more efficiently. We help charities access the most cost-effective liquidity and credit solutions, develop bespoke hedging strategies and monitor performance with transparent cost analysis.
We are expecting to work with a further 60 INGOs during 2021 and during the current pandemic, when some sources of funding have dried up, it is as essential as ever for charities to monitor their funding costs and ensure they deliver maximum impact on the ground.
Please get in touch for more information and for a non-obligatory consultation with a Senior Associate.
“Charitytransfers.org have always provided us with an efficient and transparent service, coupled with sound, impartial advice and support. In addition, they have enabled our treasury team to develop and expand their understanding of how best to manage our FX risk in a volatile, emerging currency market. Over the time I have worked with Charitytransfers.org, I have come to trust that they always work with our charity’s interest at heart.”- Railway Children
“It is crucial that our fundraising teams are applying for restricted funding according to defined budget rates that ultimately reduces the chances of being forced to use unrestricted funding to deliver our restricted funding promises.
The new budget rate tool offered by Charitytransfers.org gave us a lot of new industry insight that helped strengthen our budget setting policies. This will be invaluable to support our future financial planning. Their tool models several parameters but the output results and recommendations are simple to understand.”- Send a Cow