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A MORE IMPACTFUL NON-
PROFIT SECTOR
Today, we have fewer than 1,000 non-profit and
charitable foundations and associations. They
contribute just 0.3 percent of our GDP, much less than
the global average of 6 percent. Currently, just 7 percent
of projects are focused on generating social impact or
are aligned with the long-term national priorities. By
At the same time, we will encourage the non-profit
sector to apply proper governance standards, facilitate
high quality training to staff and promote a culture of
volunteering and full-time careers in the sector.
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020, more than one third of our non-profit
organizations’ projects should have measurable and
deep social impact.
The recently published regulations on non-profit
organizations and on the General Authority for
Endowments will help the non-profit sector become
more institutionalized, formalized and more efficient.
We will accelerate this shift further by supporting
projects and programs with high social impact and by
facilitatingtheestablishmentofnon-profitorganizations
by high net worth families, which will promote rapid
growth of the non-profit sector. We will support this
growth by creating a supportive and cooperate
environment in which the sector’s institutions and
government agencies can collaborate.
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