The importance of operational funding for the growth and development of Hong Kong’s social sector cannot be overstated. While social delivery organizations (SDOs) need to ensure transparency and accountability in how funding is spent, funders must consider the needs of the SDOs they are supporting, beyond project funding alone.
Operational funding allows funders to support the overall mission and vision of the SDO by helping cover the crucial costs associated with keeping an organization going, including overheads, staff salaries and training, technology upgrades, facilities, and other administrative expenses. Operational funding also provides SDOs with stability and flexibility and allows them to plan for the future.
This report identifies the demands and flows of operational support for SDOs in Hong Kong. Findings reveal the essential role of operational funding in ensuring the health and wellbeing of Hong Kong’s social sector.
The importance of operational funding for the growth and development of Hong Kong’s social sector cannot be overstated. While social delivery organizations (SDOs) need to ensure transparency and accountability in how funding is spent, funders must consider the needs of the SDOs they are supporting, beyond project funding alone.
Operational funding allows funders to support the overall mission and vision of the SDO by helping cover the crucial costs associated with keeping an organization going, including overheads, staff salaries and training, technology upgrades, facilities, and other administrative expenses. Operational funding also provides SDOs with stability and flexibility and allows them to plan for the future.
This report identifies the demands and flows of operational support for SDOs in Hong Kong. Findings reveal the essential role of operational funding in ensuring the health and wellbeing of Hong Kong’s social sector.