Proceedings of World Business, Finance and Management Conference
8 - 9 December 2014, Rendezvous Hotel, Auckland, New Zealand, ISBN: 978-1-922069-66-5
Financial Structures and a Conceptual Business Model for
Not for Profit Organisations
Ravi Bhat* and Pieter Nel**
As society looks to the non-profit sector to solve important problems, a
realistic understanding of funding models is increasingly important to realize
those aspirations. This paper focuses on developing a strategic financial
business model for the purpose of identifying a long term funding solution to
sustaining a forest eco-system for a not-for-profit organisation. Funding
models for not-for-profits and ecological restoration in New Zealand were
reviewed. Two case studies: Tiritiri Matangi Island and Oronokui Bird
Sanctuary in Dunedin were reviewed as examples of what can be achieved.
The conceptual model developed also investigated how professional
services needed by such not for profits could be monetized to reflect a dollar
value to the provider and consequently to be eligible to claim tax
deductions, as it apply to charitable donations. Recommendations focus on
how to adapt a forest eco-system farmland into a financially sustainable
model to run its operations.
Field: Management
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*Ravi Bhat, Department of Management and Marketing, Unitec Institute of Technology, Auckland,
New Zealand. E-mail: rbhat@unitec.ac.nz
**Prof. Pieter Nel, Department of Management and Marketing, Unitec Institute of Technology,
Auckland, New Zealand. E-mail: pnel@unitec.ac.nz