Typically, charities do not receive the most competitive exchange rates nor an impartial platform to explore risk mitigation products.
Evidence of this was identified exactly ten years ago by the ‘Missing Millions’ report, published by Stamp Out Poverty. They identified potential sector-wide savings of £20 - 50 million if charities introduced competitive tender and improved procurement processes when dealing with their FX exposures.
Since then, with an increase in sector funding and only some developments in NGO finance, we believe this potential saving to be greater than ever.
In response, Charitytransfers.org was created as the social division of Audere, a regulated, independent and impartial foreign exchange risk management consultancy.
Audere’s clients typically include global financial institutions, investment funds and private equity houses.
Through Charitytransfers.org, Audere puts its expertise, system infrastructure and technology in the hands of non-profits so that ultimately, more money is delivered where it is needed.