A recent report reveals that charities in Jersey receive less than 2% of their income from corporate sponsorships.
According to The Value of the Third Sector report, Jersey’s third sector contributes £230 million to the island’s economy, though its contributions are often underappreciated, says the Jersey Community Foundation (JCF). The report calls for “greater engagement” from the finance sector to support charities, nonprofits, voluntary organizations, social enterprises, and housing associations.
Joe Moynihan, CEO of Jersey Finance, highlighted the finance industry’s ongoing support for the community, stating, “Our member firms contribute positively to island life and beyond, through volunteering, fundraising, and sponsoring educational, environmental, and community initiatives.”
Commissioned by JCF in collaboration with Jersey Overseas Aid, Jersey Community Partnership, and PwC Channel Islands, the report aims to increase recognition for the sector's economic and social value. Anna Terry, CEO of JCF, emphasised the “true value” of the third sector, adding, “This report highlights the immense contributions of Jersey’s third sector to both our economy and community wellbeing. We hope it inspires increased collaboration and support across the island.”
PwC noted that the sector’s £230 million economic impact “likely underestimates” its full contributions, as not all organizations were accounted for, and pointed out the intangible benefits to wellbeing, culture, and environmental preservation.
The report also identified areas where government support is lacking, particularly in providing access to digital tools and technology. On Tuesday, the government announced a new £4.5 million funding allocation for charities and voluntary organizations over the next three years.