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The rest of the funds are meant to be divided among the other three clubs.We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.Ms Foulger told the audience: We have lots of third sector organisations in Bermuda.

This is an opportune time for us to readjust and get used to the new reality.

People in the third sector are far more productive than people in market economies.

Pro-social behavior allows you to get a bigger bang for your buck it is not unusual for the third sector to hire highly talented lawyers and accountants for free and they will work harder.

Speaking at the third sector conference Building Hope at the Hamilton Princess yesterday, Ms Foulger said that job losses could eventually be recouped if the organisations could become stronger.

Elaine Butterfield, executive director of the Centre on Philanthropy, which organized the event, has previously warned Bermudas charities are experiencing unprecedented financial pressure, with 65 per cent experiencing an increase in demand for their services coupled with a reduction in donations.

The Bermuda Police Service confirmed that an investigation took place into the crime, but are otherwise flummoxed. Asked if the lack of funds has had any impact on the club, Mr Minors added: We are able to operate, but not in the capacity we would like to. Carlton Smith, president of Cleveland County, said: If we get the money and everything is straight then everybody is happy.

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