International Grantmakers Network is pleased to be hosting Kay Guinane, Executive Director of the Charity and Security Network (CSN) for a brown bag lunch (bring your own lunch!) to discuss the financial and regulatory challenges facing nonprofits working internationally. The discussion will center on these challenges, how they impact the closing space for civil society, and the emerging opportunities for foundations and nonprofits to address these issues. Based on our discussions, this is a topic of concern to many of us – and our grantees!
CSN has recently issued the report, Financial Access for U.S. Nonprofits, based on the first-ever empirical study of the global phenomenon known as “derisking,” as it relates to U.S.-based nonprofits. Derisking refers to financial institutions terminating or restricting business relationships to avoid rather than manage risk. The report also reflects information from numerous focus group sessions and interviews with stakeholders over the last year. It outlines and analyzes the scope, frequency, and prevalence of various financial access problems, including delayed wire transfers, account refusals and closures, and unusual additional documentation requests. The report also provides recommendations to address these challenges. Author Sue E. Eckert of the Center for New American Security noted, “At a time of unprecedented need in regions of conflict, humanitarian crises, and natural disaster, American charities’ efforts to save lives and prevent the further erosion of democracy and human rights are being stymied unnecessarily. The data are clear: there is a serious and systemic problem that must be addressed.”
- The financial and regulatory challenges facing nonprofits working internationally, including delayed wire transfers, account refusals and closures, and unusual additional documentation requests
- How financial access challenges restrict funds for nonprofits, threaten humanitarian aid, and enable closing space for civil society
- Recommendations for foundations and nonprofits to address financial access and derisking problems, including how civil society can leverage the Financial Action Task Force (FATF)
- Kay Guinane, Executive Director, Charity and Security Network (CSN)
All interested funders, especially in international grantmaking.
11:45 AM - 12:00 PM Check-in
12:00 PM - 1:00 PM Discussion
Registration is required by March 15.
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