∷ Beijing Yifang Foundation → Development of Public Welfare Sector [Research] → 2014
• Bridge Plan – Financial Management Capacity Building Project
Partner Organization: NGO Friends
Project Duration: May 2014 - Jul 2015
Project Status: Completed
A large number of public welfare organizations were established in recent years. The largest number being the micro start-up public welfare organizations with annual income of less than RMB 30,000. These organizations lacked skilled employees with the relevant finance knowledge in order to meet minimum financial management standards. In order to help these organizations, NGO Friends developed a financial management manual which included basic standards, methods and tools relevant for micro start-up public welfare organizations. The manual was implemented in five organizations in the Bridge Plan programme (Western Sunshine Foundation) as a trial, to ascertain if it was sufficient for equipping a small organization with no prior financial management experience with the relevant knowledge to successfully set up a basic financial management system. Feedback from these five organizations and thirty other Bridge Plan partners were used to improve the manual so that it could be promoted and adopted on a larger scale, with the goal of raising the financial management capabilities of the public welfare organizations.