How to Lend Money to Charities, with Holger Westphely (CAF Venturesome)
Now, here is a topic I didn’t see coming. But why lend money to a charity, isn’t that a bit mean, to ask for your money back if they’re doing work you believe in? I spoke to Holger Westphely, Acting Head of CAF Venturesome, to find out how and why loans are sometimes better than donations.
It's very difficult to raise grant funding for anything that isn't directly related to a charity programme. Anything that has the word 'admin' in it is an anathema to many philanthropists. And that's where we come in, because we believe that a well run organisation needs OpEx, it needs CapEx… Secondly, from a philanthropist point of view, it can help the capital go further
And you can hear more of that on today’s episode. As mentioned, you can learn more about CAF Venturesome at www.venturesome.org and more about the parent organisation at www.cafonline.org