What role does transparency play in donor trust?

Why is transparency important for building trust with donors?

Transparency is crucial because it shows donors how their contributions are used, fostering trust and accountability.

Can you give examples of how organizations can be transparent?

Sure! Organizations can share financial reports, provide updates on projects, and openly communicate challenges and successes.

What happens if an organization lacks transparency?

A lack of transparency can lead to donor skepticism, reduced contributions, and damage to the organization's reputation.

How can donors assess an organization's transparency?

Donors can look for published financial statements, third-party evaluations, and feedback from other donors to assess transparency.