charitable giving annual reports of charities are used. These reports show a total picture of the actual gifts in one year. It could be possible that when the same research is done but than from the perspective of the donor, where individual data of donors can be obtained, other results will be shown. For example, it might appear that people still give to charities because of social pressure, which is discussed in chapter 2.2.1. or because they are not aware of the commotion about compensation of charity directors. For this research no data was available from individual donor’s perspective for empirical testing. The research focuses only on charities with the CBF-accreditation For this research only charities which are accredited to the CBF are used because these charities are audited by an auditor which improves the reliability of the data in the annual reports. Non-accredited charities could also be used for this research. It could be possible that there is a relationship between compensation and giving at these charities because they do not have the accreditation seal what reduce the trustworthiness of charities. Only the direct relationship between compensation of directors and charitable giving is analyzed Only charitable trust is used as a variable which could have influence on the relationship between transparency of director’s compensation and charitable giving. The level of fundraising costs could also affect the giving behavior. Due to a lack of information, there were no other variables used which could influence the relation between these two variables. There was no statistical research possible to study the relationship between director’s compensation and charitable trust. Due to a lack of permission to use the data of the “CharibaroMeter” investigated by MediaD, only thirteen charities could be used for this part of the research. Although the compensation of these charities varies between € 50,726 and 140,895, the small sample does not make it possible to test the hypothesis by statistical research. Besides the limitations mentioned above which form directions for future research as well, there is also another direction. Since 2012 all accredited charities to the CBF are required to
charitable giving annual reports of charities are used. These reports show a total picture of the actual gifts in one year. It could be possible that when the same research is done but than from the perspective of the donor, where individual data of donors can be obtained, other results will be shown. For example, it might appear that people still give to charities because of social pressure, which is discussed in chapter 2.2.1. or because they are not aware of the commotion about compensation of charity directors. For this research no data was available from individual donor’s perspective for empirical testing. The research focuses only on charities with the CBF-accreditation For this research only charities which are accredited to the CBF are used because these charities are audited by an auditor which improves the reliability of the data in the annual reports. Non-accredited charities could also be used for this research. It could be possible that there is a relationship between compensation and giving at these charities because they do not have the accreditation seal what reduce the trustworthiness of charities. Only the direct relationship between compensation of directors and charitable giving is analyzed Only charitable trust is used as a variable which could have influence on the relationship between transparency of director’s compensation and charitable giving. The level of fundraising costs could also affect the giving behavior. Due to a lack of information, there were no other variables used which could influence the relation between these two variables. There was no statistical research possible to study the relationship between director’s compensation and charitable trust. Due to a lack of permission to use the data of the “CharibaroMeter” investigated by MediaD, only thirteen charities could be used for this part of the research. Although the compensation of these charities varies between € 50,726 and 140,895, the small sample does not make it possible to test the hypothesis by statistical research. Besides the limitations mentioned above which form directions for future research as well, there is also another direction. Since 2012 all accredited charities to the CBF are required to