17 June 2020
Our business model differs significantly from most charities with their offices and salaried staff which absorb a relatively high percentage of donations before they fund any project.
BCF does not have offices or salaried staff. Since BCF was launched in 2010 everyone has worked from home and all our country managers, directors, facilitators and Eva McCann our enthusiastic social media marketing specialist are either volunteers or paid by the hour or day for the work they do.
All our facilitators are either retired people or have independent means and do not rely on BCF for a regular income.
With this business model we have been able to survive the lockdown with every cent of donor money still in our bank accounts. In fact BCF is better off financially than before the lockdown as interest on our investments has yielded a small return. As soon as regulations relax BCF will complete delivery of projects to benefit 660,000 children and students.
Perhaps other charities/non-profits should consider adapting elements of the BCF business model to increase the percentage of donations which reaches the intended recipient.
This also extends to private or public sector organisations.