Caitriona Fay

For three years Perpetual and Stanford PACS have been on a mission tackle one of the biggest social issues that we’re faced with today; the management, protection and ownership of data and the implications for civil society.

Data management came into scope long before we’d heard about Cambridge Analytica, social media manipulation or fake news; long before there was a general awareness about how digital data could contribute to the erosion of democracy. Based on extensive research and insights, both partners have concluded that the not-for-profit sector faces a unique risk.

Even if intentions are good, any misuse or accidental sharing of data by an NFP organisation will have stronger negative implications for that organisation than it would for many profit-driven businesses and may even erode the trust across the whole NFP sector.

Non-profits borne out of an analogue era are grappling with digital infrastructure that can help the sector create impact that is aligned with their mission and, importantly, protects both customers and the brand.

Caitriona Fay, National Manager, Philanthropy and Non-Profit Services at Perpetual believes there is an exciting opportunity to design the future now in terms of how a civil society operates in a digital world, and that it is the responsibility of advisers of NFPs to consult on and address these fundamental problems for their clients.

The solution Perpetual saw was a partnership with Stanford PACS, and together the organisations have been bringing together key decision makers, members of civil society and policy makers to share ideas and brainstorm solutions, building lasting relationships and projects that will help create a civil society that is prepared for a digital future.

Last week’s event marked the first event in the final year of a highly successful partnership and will be attended by industry leading organisations, focusing on the NFP sector.

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