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Why Grant Thornton
Whether you’re growing in one market or many, looking to operate more effectively, managing risk and regulation, or realising stakeholder value, our firms can help.
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Culture and experience
Grant Thornton’s culture is one of our most valuable assets and has steered us in the right direction for more than 100 years.
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Global scale and capability
Beyond global scale, we embrace what makes each market unique, local understanding on a global scale.
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Join our network
In a world that wants more options for high quality services, we differentiate in the market to grow sustainably in today’s rapidly changing environment.
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Leadership governance and quality
Grant Thornton International Ltd acts as the coordinating entity for member firms in the network with a focus on areas such as strategy, risk, quality monitoring and brand.
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Americas
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Business consulting services
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Business risk services
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As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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Forensic services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Mergers and acquisitions
We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer-term strategic goals.
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Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery.
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Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Valuations
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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Global audit technology
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Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
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Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Africa tax desk
A differentiating solution adapted to the context of your investments in Africa.
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Banking Holding banking to account: the real diversity and inclusion pictureWe explore how the banking sector can continue to attract, retain and nurture women to build a more diverse and inclusive future.
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Sustainability From voluntary to mandatory ESG: How banks can future-proof their operationsAs we move from voluntary ESG initiatives to mandatory legislation, we explore what the banking sector needs to prioritise.
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IFRS IFRS 9 - Audit of Expected Credit LossesGPPC releases The Auditor’s response to the risks of material misstatement posed by estimates of expected credit losses under IFRS 9
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growthiQ Steering your company to long-term successHistory has something important to tell us about the difficulties of steering a business to long-term success – through seismic shifts in technology, consumer demands and product development. With that in mind it’s unsurprising that over half the world’s largest companies in the early 1900s had shut their doors by the late 1990s. Some, however, have endured.
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International Financial Reporting Standards Implementation of IFRS 17 ‘Insurance Contracts’The auditor’s response to the risks of material misstatement arising from estimates made in applying IFRS 17 ‘Insurance Contracts’
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IFRS Get ready for IFRS 17After twenty years of development the IASB has published IFRS 17 ‘Insurance Contracts’, find out more.
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Global business pulse - industry analysis Mid-market recovery spreads to more industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - industry analysis A very uneven recovery across industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - Sector analysis Clear patterns of damage from COVID-19 across the industriesThe index results for 12 key sectors of the mid-market reveal just how much or little the various parts of the economy were impacted by COVID-19.
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Not for profit Mission: possible – putting impact at the heart of charityGlobal charitable continues to decline and charity leaders are increasingly looking at their own unique impact journey.
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Access to finance Raise finance to invest in changePrepare your business to raise finance to invest in change.
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Private equity firms Private equity in the mid-market: reshaping strategies for 2021When the global COVID-19 pandemic stormed across the globe in early 2020, the private equity sector was hit hard but deals are coming back to the market.
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Mid-market businesses Getting ready for private equity investmentOur specialists explore how private equity firms are now working with their portfolios and how the mid-market can benefit from investment.
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Mid-market businesses Myth-busting private equityNervous about partnering with Private Equity? We explore some of the common myths we come across when speaking to mid-market businesses about PE investment.
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Public sector Helping build the government of tomorrow, todayLearn about the Grant Thornton US public sector team.
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Global business pulse - industry analysis Mid-market recovery spreads to more industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - industry analysis A very uneven recovery across industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - Sector analysis Clear patterns of damage from COVID-19 across the industriesThe index results for 12 key sectors of the mid-market reveal just how much or little the various parts of the economy were impacted by COVID-19.
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Industries European Real Estate PodcastJessica Patel, Tax Partner at Grant Thornton UK speaks with tax partners and directors across the network to share their insights on the real estate market and some of the challenges.
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Industries European Real Estate PodcastJessica Patel, Tax Partner at Grant Thornton UK speaks with tax partners and directors across the network to share their insights on the real estate market and some of the challenges.
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Global business pulse - industry analysis Mid-market recovery spreads to more industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - industry analysis A very uneven recovery across industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - industry analysis Mid-market recovery spreads to more industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Global business pulse - industry analysis A very uneven recovery across industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Retail How retail is positioning for successCOVID-19 provided some hard lessons for the retail industry. It is time to turn those into sustainable and well executed growth strategies in 2021.
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Telecoms Can tech and telecom leverage economic headwindsAs most businesses brace for an economic downturn, tech and telecom could see new prospects. But, to turn the headwinds to your advantage, you need to find your unique opportunities and risks.
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Technology Mid-market tech companies lead the way on diversity and inclusionWe explore how the mid-market tech sector can continue to build and nurture a culture that’s increasingly more diverse and inclusive for women.
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Tax Resetting global tax rules after the pandemicBusinesses are seeing rising challenges, and finance heads are dealing with a range of new measures. To say the next 12 months are critical for businesses is an understatement.
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TECHNOLOGY International tax reform: the potential impact on the technology industryIn this article, we’ve summarised key elements of the global tax reform proposals, their potential impact on technology industry and advice from our digital tax specialists on what technology companies can do to prepare.
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Telecoms Can tech and telecom leverage economic headwindsAs most businesses brace for an economic downturn, tech and telecom could see new prospects. But, to turn the headwinds to your advantage, you need to find your unique opportunities and risks.
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TMT TMT industry: Fully charged or on standby?Our research revealed five key trends that resonated with Technology, Media and Telecoms (TMT) industry leaders around the world. We asked a panel of our experts from UK, US, India Ireland and Germany, to give us their reaction to the findings.
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Cybersecurity One size fits nothingTechnology companies must adopt a new approach to digital risk: those that successfully develop a reputation for digital trust by demonstrating an unwavering commitment to cyber security and data privacy will be able to carve out a competitive advantage.
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Technology, media & telecommunications Why it’s time for a 5G reality checkFigures suggest the mobile sector is maturing. While data usage continues to soar, mobile revenues are expected to flatten out over the next few years.
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International business Mid-market businesses lifted by rising tide of optimismOptimism among global mid-market business leaders rose to 67% in the first half of this year and they are markedly more optimistic about their prospects with global optimism having increased by 8%.
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Global business pulse - industry analysis Mid-market recovery spreads to more industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
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Hotels COVID-19: Checking in with the hotel industry one year onCOVID-19 provided some hard lessons for the hotel sector. It is time to turn those into sustainable and well executed growth strategies.
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Global business pulse - industry analysis A very uneven recovery across industriesThe index results for 13 key industries of the mid-market reveals a very uneven recovery from COVID-19
- By topic
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Women in Business 2024
2024 marks the 20th year of monitoring and measuring the proportion of women occupying senior management roles around the world.
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COP28: Mid-market firms should seize the opportunity from adaption and innovation
COP28 was the first time there has been a global stocktake on progress against the Paris Agreement.
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Scanning the horizon: Mid-market sets sights on global trade growth
The latest International Business Report (IBR) data shows that mid-market businesses have high expectations for global trade.
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Mid-market businesses less optimistic, despite record numbers expecting increased profitability
A closer examination of the data offers some explanation of this apparent contradiction.
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Women in tech: A pathway to gender balance in top tech roles
Grant Thornton’s 2024 Women in Business data suggests we are far from achieving parity within the mid-market technology sector.
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Women in leadership: a pathway to better performance
What makes the benefits of gender parity compelling is the impact it can have on commercial performance.
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Women in Business 2024
2024 marks the 20th year of monitoring and measuring the proportion of women occupying senior management roles around the world.
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Women in business: Regional picture
We saw an increase in the percentage of senior management roles held by women, on a global level, but there are some significant regional and country variations.
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Pathways to Parity: Leading the way
To push towards parity of senior management roles held by women, who leads within an organisation is vital.
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Generating real change with a long-term focus
The most successful strategy to achieve parity of women in senior management is one which stands alone, independent of an ESG strategy.
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People at the heart of great business
Businesses have started to put guidelines and incentives in place, focused on driving employees back to the office.
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Focusing and developing a solid strategy around diversity, equity and inclusion
Grant Thornton Greece is pioneering a growing set of diversity, equity and inclusion (DE&I) initiatives that centre around three strategic pillars.
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Ten considerations for preparing TCFD climate-related financial disclosures
Insights for organisations preparing to implement the International Sustainability Standards Board (ISSB)’s Standards.
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COP28: Mid-market firms should seize the opportunity from adaption and innovation
COP28 was the first time there has been a global stocktake on progress against the Paris Agreement.
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Transition Plan Taskforce publishes its final disclosure framework
As organisations in the private sector make commitments and plans to reach net zero, there's a growing need for stakeholders to be able to assess the credibility of their transition plans.
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Promoting ESG excellence through tax
ESG considerations have never been more important for an organisation’s long-term success, but how can tax be used to add value to an ESG agenda?
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International business: Mid-market growth and expansion
The mid-market looks to international business opportunities for growth.
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Top five constraints to international business in the mid-market
Top five major constraints that are testing the mid-market’s ability to grow their businesses internationally.
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Brand and international marketing – breaking global barriers
Brand has been identified as a key driver of mid-market success when looking to grow and develop international business.
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The key to international business: Investing in people
How can recruitment and retention help grow international business?
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Building resilience in international business
Evolving supply chains and trade patterns amid ongoing global uncertainty.
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IFRS Alerts
IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).
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Example Financial Statements
General guidance for preparers of financial statements that supports the commitment to high quality, consistent application of IFRS.
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Insights into IFRS 2
Insights into IFRS 2 summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.
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IFRS 3
Mergers and acquisitions are becoming more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions.
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IFRS 8
Our ‘Insights into IFRS 8’ series considers some key implementation issues and includes interpretational guidance in certain problematic areas.
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IFRS 16
Are you ready for IFRS 16? This series of insights will help you prepare.
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IAS 36
Insights into IAS 36 provides assistance for preparers of financial statements and help where confusion has been seen in practice.
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IFRS 17
Explaining the key features of the Standard and providing insights into its application and impact.
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Pillar 2
Key updates and support for the global implementation of Pillar 2.
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Global expatriate tax guide
Growing businesses that send their greatest assets – their people – overseas to work can face certain tax burdens, our global guide highlights the common tax rates and issues.
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International indirect tax guide
Navigating the global VAT, GST and sales tax landscape.
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Global transfer pricing guide
Helping you easily find everything you need to know about the rules and regulations regarding transfer pricing and Country by Country reporting for every country you do business with.
Do you tailor your donor communications by age group? Grant Thornton’s Global Not for Profit Leader, Carol Rudge, explains why you should…
The most recent edition of the Charities Aid Foundation’s World Giving Index(i) reports a global decrease in giving over the previous 12 months. This slowdown is particularly marked among Western countries including the US, Australia, the Netherlands, Germany, Norway and the UK.
But the slowdown does not relate to geography alone – it also correlates to age, with the greatest decrease in giving (2.18%) being among those aged 50 and over.
In light of such findings, our colleagues in the US have delved deeper in to the topic of generational giving in the 2018 edition of their ‘State of Not for Profit’ report. In this short blog, we share some of our views and experiences around generational giving, building on some of the thoughts on generation-appropriate channels, messages and activities that will help your fundraising campaigns to succeed.
Don’t make assumptions
Research in late 2017 by the UK’s Charity Commission and Fundraising Regulator(ii) found that 44% of the country’s 18 – 24-year-olds (commonly called ‘Generation Z’) would give up their smartphones for the whole of December to raise £500 (US$654.75) for a charity of their choice. This was compared with less than a third of the rest of the population.
In addition, this same group were planning to make the highest donation of any age group at Christmas-time (£31.29 or US$40.97 on average). And more than half of them said they would check out a charity before giving, compared to just 29% of the over-75s.
These findings clearly highlight two key factors. Firstly, there are very clear differences in how generations act when it comes to charitable giving. Secondly, no one should make assumptions based on what they think they know about a generation.
Audience 1. Generation Z: aged around 18 – 24
These “philanthroteen” children of Generation X effectively ‘live’ online, spending up to 10 hours a day(iii) on social media and the internet (so just think what a month without a smartphone would mean to them). They have a strong desire to do good, and are more likely than older people to volunteer, sign a petition and take part in a public demonstration or protest.(iv)
When targeting this age group, an effective strategy is to give them the opportunity to go beyond pure financial giving to participate directly in your activities, leading events and campaigns and sharing in your philanthropic objectives. A great example is the global success in 2014 of the ALS ‘Ice Bucket Challenge’, which raised US$115 million for the US-based ALS Association and other large sums for motor neurone charities in Canada, the UK, the Netherlands and other countries.(v)
Understand this group’s use of social media too, sharing their language, platforms and emojis (but make sure your usage is authentic – don’t run the risk of mockery by getting it wrong). And draw on their love of crowdfunding, using platforms like Indiegogo and Crowdrise.
Audience 2. Generation Y/millennials: aged between 25 and 39
Millennials are poised to replace Baby Boomers as the powerhouse of worldwide charitable giving in future. As it stands, this generation are currently battling with increasing student loan debts, high unemployment rates and in some cases, reliance on the bank of Mum and Dad.
In the US, whilst an overwhelming 84% of millennials gave to charity in 2015, their donations made up only 11% of total giving in the US that year. But as millennial wealth grows, so might the proportion they contribute – it is anticipated that by 2020, millennials will make up 35% of the global working population (the same as Generation X).
Authenticity is vital to millennials – they expect transparency like no previous generation. They want to know how their donations will be used (globally, their top three causes are children and youth, human and civil rights, and women and girls).(vi) Coming to terms with their demands for information is one of the most pressing challenges facing not-for-profits and fundraisers. Above all, you must be open about the proportion used to cover admin and other expenses – transparency is vital for building their trust.(vii)
Charities that appeal to this target audience really well use ‘story-telling’ techniques to show exactly how their gift will be used. Social media is a great way of doing this, and we have seen an increasing number of charities use it in recent years to further their causes. When putting your social media strategy together, it’s interesting to bear in mind that the use of video hugely outweighs all other types of links, downloads and images – for example, Facebook videos are shared seven times more often than simple links.(viii)
Audience 3. Generation X: aged from 40 – 52
It’s surprising to many that Generation X spends more time on social media than millennials do, making a direct approach via these channels an obvious route for reaching them.(ix) They also have some of the traits of their parents’ generation, such as a strong work ethic, meaning they are likely to undertake due diligence before making a donation. Make sure therefore that your website gives them easy access to all they’ll need to make a decision, including your annual report.
They take giving seriously and are keen to make contributions that have a clear positive impact. So, if you are hosting them at an event (globally, this is the preferred way of making donations for 24% of Gen X donors) make sure that among the entertainment you also highlight your organisation’s philanthropic achievements.(x)
Audience 4. Baby Boomers and beyond: aged 53 and over
Across the world, Baby Boomers currently donate more than any other generation. And, as many downsize their property and lifestyle, the likelihood is that they will be even more generous in the years ahead. It is anticipated that retiring Boomers will donate US$6.6 trillion in cash and US$1.4 trillion in volunteer hours over the next 20 years in the US alone.(xi)
The majority of retirees say they now give in a way that is more focused, hands-on and impact-oriented than before they retired.(xii) This presents a great opportunity for charities, so it’s well worth considering how you engage with this group and present them with opportunities for giving – after all, they are more likely than other generations to give to major capital-raising campaigns or set up special-purpose endowments.
How we can help
We have a team of industry experts around the world who work with all types of not for profit clients and therefore have a solid understanding of the unique issues facing the sector. Our group of global specialists are passionate about helping you to achieve your mission and goals.
To find out more about our not for profit services, please get in touch.
Find out more
To read more about generational giving, as well as a review of other key trends affecting the sector, download Grant Thornton’s ‘State of Not for Profit 2018’ report.
(ii) Source: Source: Gov.uk 2017 (iii) Source: Frontstream 2017 (iv) Source: CAF online 2017 [Adobe PDF 581KB] |
(vii) Source: Forbes 2017 (viii) Source: Digiday 2016 (ix) Source: The New York Times 2017 (x) Source: UK Fundraising 2017 (xi) Source: Bank of America 2015 (xii) Source: Age Wave 2015 |