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Neither True Nor Fair

Following media focus on charity cost ratios prompted by the much-publicised Hornet’s Nest report, Pesh Framjee, Head of the Not for Profit unit at financial advisory firm Crowe Clark Whitehill, has published a detailed response. Neither true nor fair: A critique of the True and Fair Foundation’s Review of Charitable Spending by UK Charities in December, identifies a number of factual and methodological errors which include comparing the income of a foundation with a large trading group and not understanding charity law in relation to large endowments.
Read the full response here

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