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The Transparency of Czech Foundations

Author

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  • Pejcal Jakub

    (Faculty of Economics and Administration, Masaryk University, Czech Republic.)

Abstract

Non-governmental non-profit organizations can strive to gain the confidence of the general public in various ways, one of which is the meeting of basic legal requirements for transparency – the disclosure of financial statements. Based on a set of 528 Czech foundations, the article illustrates how the organizations approach their legal obligations and look for features that contribute to the long-term fulfillment of this obligation. On average, 51.32 % of entities do not fulfill their obligations across the years. The organizations with a website (35.58 % of entities do not fulfill their legal obligations to disclose financial statements) and organizations that received public support in the form of a contribution from the Foundation Investment Fund (25.62 % of subjects do not fulfill) are better off. Statistical testing has revealed that younger organizations (14 years or less) are more responsible (continuous performance). They usually have a functioning website, are headquartered in the capital, and have a single founder (natural or legal). With the help of an expert panel composed of both academics and representatives of the non-governmental non-profit sector, the conclusions are set in an overall context. In its approach and results, the article builds on previous Czech (the description of the conditions of fulfillment of duties) and foreign (the search for signs contributing to the fulfillment of duties) findings and complements them appropriately.

Suggested Citation

  • Pejcal Jakub, 2020. "The Transparency of Czech Foundations," NISPAcee Journal of Public Administration and Policy, Sciendo, vol. 13(1), pages 157-188, June.
    • Handle: RePEc:vrs:njopap:v:13:y:2020:i:1:p:157-188:n:7
    DOI: 10.2478/nispa-2020-0007
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    References listed on IDEAS

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    1. Danielle McConville, 2017. "New development: Transparent impact reporting in charity annual reports—benefits, challenges and areas for development," Public Money & Management, Taylor & Francis Journals, vol. 37(3), pages 211-216, April.
    2. Amélia Carvalho & Marisa R. Ferreira & Sandra Lima, 2020. "Web disclosure of institutional information in nonprofit organizations: an approach in Portuguese charities," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 17(1), pages 41-58, March.
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