Sustainability Challenges of Caribbean NPOs

Ambica Medine () and Indianna Minto-Coy ()
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Ambica Medine: College of Sciences, Technologies and Applied Arts of Trinidad and Tobago
Indianna Minto-Coy: University of the West Indies (UWI)

Chapter Chapter 4 in Social Entrepreneurship Strategies and Social Sector Sustainability, 2023, pp 103-126 from Springer

Abstract: ABSTRACT While not ubiquitous, examining nonprofit organisations’ [NPOs] performances and their application of social entrepreneurship [SE] strategies in the international context for both developed and developing countries demonstrate consistency in entrepreneurship and earned income financial strategies resulting in NPOs’ operational and financial sustainability in creating sustainable social impact. New financing tools and legal and other institutional environments supported such sustainability for developed countries. However, there was still a dependency on donor funding for developing countries, with little formal institutional support, a similarity shared with the Caribbean. In the main, Caribbean NPOs’ dependencies on donor funding limit their operational capabilities in addressing their social missions, negatively impacting their ability to create sustainable social change and to accept their responsibilities relative to the SDGs. Notwithstanding, in Jamaica, recent institutional support resulted in some NPOs operating as social enterprises, operationally and financially sustainable in addressing societal problems. These changes signal a positive Caribbean direction.

Keywords: Social enterprise; Social entrepreneurship strategies; Caribbean NPOs performance; Operational sustainability; Financial sustainability; Institutional support (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-18533-5_4

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DOI: 10.1007/978-3-031-18533-5_4

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