A charitable educational trust is one where the sole motive of its incorporation is to empower women, help people who can’t afford education, eradicate illiteracy, promote health and comfort, religious practices, or other purposes. Benevolent purposes are not compulsorily charitable unless it is important for the benefit of mass or group of people.
Here are some of the top characteristics of charitable educational trust:
Purpose: Every educational trust starts with a purpose. It is important to understand the purpose of trust. It is significant that they have a clear mission and evaluate all the opportunities against this. If there is no purpose, then it is difficult to believe in that trust. They must focus on the bigger picture without making it side-lined. Talk to them about what they do in terms of activities and projects.
Awareness: Every good trust should have an awareness of the societal condition. It is essential for them to keep the awareness of the political, economic, local, and national context. Regularly horizon-scanning for challenges, threats as well as opportunities. They must have spent time researching who else is out there because all the information can quickly go out of date and this might impact the services.
Effective leadership: Effective leadership with trustees and staff can take time to talk about the bigger picture rather than focus on regular matters. It is not uncommon to find they do not have a fully functioning senior management team. They work with different charities to ensure that the people get the right solution to all the problems. A charitable educational trust cannot be effectively led when the leader is wearing too many hats. Read more about the leaders to understand the effectiveness.
Well networked: It is easy to get support from and work in partnership with others if the charity has a good network. There is a propensity to only network nearby or within your cause area. When selecting the organizations, it is important to keep in mind the range of models, causes, and geographic areas. It’s important not to be too narrow in focus when looking for other organization issues as others.
Financially fit: A financially fit organization will have sufficient income from a diverse range of sources and thus they can continue for long. It is crucial for a company to make sure your board understands your current income mix fully before looking to diversify. It is clear how many types of funding you have and perhaps your board is too.
Impact: It is essential to identify and communicate the need that the trust meet and the impact they have on society. One can check the impact measurement, data capture, and the like. Most organizations are getting better and better at understanding and capturing the value of their work.
Take the time to reflect
It is understandable and it is difficult to focus on the organizational health of the charitable trust when one wants to deliver services. Visit the website of the trust to understand more about the services offered by them and how they are being an important part of society.
