The new giving: "You're just a social worker anyway"
Non-profit organizations have almost 45 billion euros in accounts, earning hardly any interest. The banks occasionally make donations to the sector, but rarely take it seriously as a customer.
In Sandesneben, a village near Hamburg, unmarked white vans offer counseling services to women affected by violence. The organization Land-Grazien, founded by Miriam Peters in 2020, has grown rapidly due to high demand. However, as a non-profit organization, it struggles to find profitable investments, with banks offering low interest rates.
Private non-profit organizations in Germany have around €74 billion in cash and deposits at banks, with approximately €45 billion earning almost no interest. This results in an estimated loss of €850 million per year, equivalent to nearly a fifth of all donations received by private individuals in Germany.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- The new giving: "You're just a social worker anyway" handelsblatt.com
