Accreditation agencies could solve NPOs’ transparency conundrum

New Delhi: One common criticism of the not-for-profit sector is that it lacks transparency and accountability, making many donors including corporates wary of extending financial support. While a section of not-for-profits contests this claim, most are eager to adopt more efficient systems of disclosure—of internal proceedings, fund usage, progress of projects, etc.
One such group met in New Delhi on 19 July, under the aegis of GuideStar India, an agency that provides accreditation and rankings to not-for-profit organizations (NPOs).
Accreditation agencies like GuideStar and Credibility Alliance and even donation portals like Give India rank NPOs on the basis of governance data, financial health and other information that NPOs need to provide. Some even conduct a physical verification of the organizations.

  • news link: http://www.livemint.com/Politics/52WMwTdjcZv4XpCqwbSZIJ/Accreditation-agencies-could-solve-NPOs-transparency-conund.html

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