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Many of our organisations have high core costs because they employ a lot of people in large offices with high overheads.
Moreover, donors often stipulated that funding could only be spent on projects, not on core costs, such as staff development and welfare.
Donors also tend to offer short-term grants tied to specific projects, rather than funds that can be spent on core costs, like rent and building upkeep.
They mostly cover core costs, and focus is on supporting underfunded charities that can make a significant difference to the lives of disadvantaged people by helping them to play a fuller role in the community.
All too often larger donors restrict funding to particular areas, refuse to pay for core costs and demand onerous reporting — all of which jeopardises the sustainability of the charities they claim to be supporting.
He said charities should be able to recover VAT especially when they were working in partnership with public or private sector organisations, and urged the government to help fund core costs of charities and boost the infrastructure of the sector.
Similar(35)
"The core cost of running a music business is ludicrous," Mr Davyd said.
We're not getting the economies of scale that you would see in a larger jurisdiction because the core cost for these things is still the same, no matter if you're serving 30,000 or 30 million.
"I am encouraged by the Wellcome Trust's continued commitment to expanded access and our shared recognition that its provision should be a core cost of the conduct of research," said Willetts.
The dispute centers not on the core cost but on the so-called total cost of ownership over 15 years, including third-party software and hardware and support services.
At stake in the fraught negotiations that have dragged far beyond their June 30 deadline are billions of dollars in revenue for Rio, BHP Billiton and Vale, as well as the core cost component for Chinese mills that now make roughly half of the world's steel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com