Non-Profit Funding Flashcards
(7 cards)
Donations
Donations for Sport development
- Car Wash, Raffle
Grants
- Community Trusts (set criteria); only incorporated societies can apply.
- Gaming Machines (pokies) Trusts, TAB, Lotto
Incorporated Society
Non-profit group with a common purpose & a minimum of 10 members
- A legal entity that can buy, lease, sell and rent property
- Anything owned is held by the society, not members
- Official set of rules; adhere to the agreements of the act
Community Trust Grant
Valuable source of income for sport orgs, programs and events.
Electronic Gaming Machines (pokies) Trust
40% of all pokies must be returned to the community. This comprises approximately 20%-40% of amateur sport club revenue in NZ
- Creates Moral Jeopardy
Moral Jeopardy through Gambling and Profits for Sport
Gambling is bad; accepting money for social/community good, on the other hand? If we take it away, would that help? Someone will just have that money otherwise. Sports Orgs are highly dependent on this revenue; However, it comes with a strong risk of gambling addiction