Nonprofit Alliance Applauds $25M Investment
The Nonprofit Alliance of Bermuda said they “applaud the Bermuda Government on its recent announcement of a $25 million funding package dedicated to social services and supports—the largest such investment in two decades.”
A spokesperson said, “This move signals an important commitment to addressing the social and economic challenges faced by many in Bermuda’s community. The Nonprofit Alliance has been advocating for increased social funding to better service those in need, and address the escalating social and economic challenges on the island.”
Nonprofit Alliance Executive Director Dr Nicola Paugh stated, “It is more effective and cost-efficient to prevent issues before they escalate, rather than facing costly remedies. Research in prevention science has consistently demonstrated the economic benefits of early social investment. Social investment plays a vital role in reducing vulnerability and disparities, while fostering well-being, equity, and unity within communities.
“Therefore we welcome the news from Premier Burt on this significant social investment. We are particularly pleased to see the government’s recognition of the critical role that nonprofit organizations play in delivering essential services on our island. This recognition is meaningful. We look forward to hearing further details about the allocation of specific grants to the nonprofit organizations highlighted. Such funding is crucial to ensuring that the sector has the resources needed to deliver quality professional services. Congratulations again to the Premier and his Government on this historic investment.”
The spokesperson said, “A white paper [available online] released by the Nonprofit Alliance of Bermuda in July 2024 highlights that despite existing social supports, there is a consistent trend towards greater disparities in health, education and economic opportunity on the island.
“The paper provides an analysis of problematic health and social indicators, including a 20-year trend toward widening income inequality between blue collar and white collar workers. The paper argues that underinvestment in social supports and services is part of the problem, which has left nonprofits to fill critical gaps while they struggle to meet a growing and unsustainable level of need. The paper advocates for deeper social investment, including greater funding for Bermuda’s nonprofits.
“The Nonprofit Alliance of Bermuda believes it is important to establish a national social plan that prioritizes participatory discussion and action. Such a platform will assist greatly in maximizing the best use of the resources we have available; formalizing a shared purpose and setting clear expectations of roles and responsibilities.
“The Nonprofit Alliance of Bermuda is a registered charity that is dedicated to strengthening, unifying, and championing nonprofits in Bermuda. To learn more, please visit www.nonprofitalliance.bm.”
“The Nonprofit Alliance of Bermuda said they “applaud the Bermuda Government on its recent announcement of a $25 million funding package dedicated to social services and supports—the largest such investment in two decades.””
And Joe Bloggs is saying he is concerned that Bermuda appears to have gone back to the days of borrowing money to give away when we have no plan as to how we can satisfy that debt.
you just hate to see those in need actually getting assistance.
No, I just hate to see Bermuda borrow more money with no plan for repaying the debt.
When I got married 40 years ago Bermuda had no current debt. Now, my grandchildren will be paying for the folly of the last 20 years, and their grandchildren may be paying too.
Wasn’t all for social service… some of this is for road resurfacing work and other things.