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Ms Foulger told the audience: We have lots of third sector organisations in Bermuda.
In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree.
Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.
Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.
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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.
Think about what you are best at, what are you better at than anyone else at delivering.
It is very tempting to get sidetracked with other things when you know you can help but you may not be the best person to offer that help.Too many of us had our heads down like cattle and didnt realize the grass wasnt growing as fast as we were grazing.