Would you donate more if you could track how your money was spent?
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72% of donors consider financial transparency as a crucial factor when choosing where to donate. #FYI #Charity
According to recent studies and surveys, transparency has become a critical factor for people when deciding to donate to charitable organizations. Here are some key facts:
A study by the Charities Aid Foundation (CAF) revealed that 60% of donors prefer to know exactly how their contributions are being used, signifying a demand for transparency in charitable donations[1].
A survey by Give.org found that 72% of donors consider financial transparency as a crucial factor when choosing where to donate[2].
Research published in the “Nonprofit and Voluntary Sector Quarterly” indicated that donors who perceive higher levels of transparency in nonprofits are more likely to increase their donations[3].