Publication Type

Journal Article

Version

publishedVersion

Publication Date

9-2003

Abstract

Theory suggests that a united charity helps to economize on fundraising costs by reducing competition for donations among member charities. However, donors often cannot control the allocation of their donations, and charities may dislike the monitoring of their activities. This paper examines these and other issues relating to the Community Chest of Singapore. The results, based on analysis of financial positions and fundraising costs of a large number of charities, suggest that the Community Chest does possess important fundraising advantages. Thus charities in financial difficulties or in need of funds for additional programs tend to seek membership. However, organizations that value their autonomy and independence, and that are able to achieve low fundraising costs tend to remain as non-members. Thus a monopoly agency raising funds for all charities in the future is unlikely in the case of Singapore.

Discipline

Asian Studies | Public Economics

Research Areas

Econometrics

Publication

Annals of Public and Cooperative Economics

Volume

74

Issue

3

First Page

433

Last Page

464

ISSN

1370-4788

Identifier

10.1111/1467-8292.00230

Publisher

Wiley

Additional URL

https://doi.org/10.1111/1467-8292.00230

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