Academy of Givers launches the second Giving Report, setting strategic directions for corporate and voluntary giving in Malta.

After the wide success of last year’s edition, the Academy of Givers embarked again on a journey to gather comprehensive data from businesses and NGOs across Malta, which would then be analysed and compiled into Malta’s second Giving Report. Once again, this initiative aims to unveil crucial insights into how businesses give back to the community and extend their support to NGOs, as well as the underlying motivations behind these philanthropic endeavours. The report will also provide new recommendations on the way forward for Giving in Malta, based on the analysis of the freshly collated data.

Findings from the previous year revealed a very significant engagement of businesses with non-governmental organizations (NGOs). The data indicated that 85% of the businesses surveyed actively provide support to NGOs. Furthermore, 65% of these businesses contribute both financially and through in-kind donations. Additionally, it was determined that the average yearly financial contribution from these businesses individually amounted to less than Eur20,000. These statistics underscore the varied nature of corporate support toward nonprofit sectors.

Mark Weingard, President of the Academy of Givers, commented: "Once again, this study empowers businesses and voluntary organisations to shed light on both the dynamics of Giving in Malta and the underlying motivations. It's a collaborative effort to envision more effective strategies, pinpoint challenges, and bridge the gap between businesses' commitment to giving back and the specific needs of the Voluntary Sector. Through the findings of this research, the Academy of Givers renews its dedication to building a stronger community of Givers."

Studies like the Giving Report are crucial in the context of the European Union’s new Corporate Sustainability Reporting Directive (CSRD), that expands the scope of current sustainability reporting, requiring businesses to disclose their social impact and ensuring they contribute positively to the well-being of their employees, customers, and communities.

Businesses and Not-for-profit Organisations are invited to actively participate in the Giving Report initiative by filling out the survey, providing valuable data that will contribute to a better understanding of the giving landscape in Malta.

Businesses and NGOs may access the survey on the Academy of Givers’ website through this link.