HIGHLIGHTS
FINANCIALS

Funding

Initiatives of Change is financed by a combination of individual contributions, its own activities, grants from corporations, foundations and governments, and income from invested funds, mostly received from bequests.

Its major conference centre, owned and managed by the Swiss foundation CAUX–Initiatives of Change, is funded in like manner and by the lease of the Caux facility to a hotel management school for 10 months of the year.  Asia Plateau centre in India is largely funded by training programmes and contributions of conference participants.

Full-time workers receive modest salaries or allowances and in-kind support. Part-time volunteers make significant contributions of their time and skills. Accounts of national societies are audited annually and are available on request.

Initiatives of Change International receives occasional grants for specific projects from governments and private foundations, and is supported by contributions from individuals and its 21 national society members. Fresh funds would enable us to expand our capacity, to satisfy the growing demand for our trust-building work. Contributions are usually most tax-efficient through the national associations of IofC. Contributions and funding enquiries for international operations can be directed through the Treasurer:

For information about online payments click here

Executive Summary of 2008 finances

The figures given below are an executive summary of income and expenditure.

To download full audited accounts for 2008 click here.

Initiatives of Change International provides the following services to its members:

  • website and communication services
  • handling the interaction of Initiatives of Change with international organizations, especially the UN
  • managing the finances of the International Council, and
  • facilitating the operations of those programmes which need to take place under international, rather than national, auspices.

Each of these appears in the expenditure summary below, along with the governance and running costs of IofC International itself.

Its income is drawn from four principal sources: membership fees, additional donations from members, other donations and grant funding for transnational programmes.

IofC International has a policy not to appeal for funds in ways which might compete with the fundraising efforts of its members.

Expenditure summary

  2007 2008
Work with international organizations 164,800 314,600
Communications and websites 113,600 148,200
International Council 55,800 36,500
Transnational programmes 532,400 698,000
Governance and running costs 30,100 35,400
Total 896,700 1,232,700
     
Income summary    
Membership fees 21,400 22,300
Donations from members 272,700 202,800
Other donations 14,100 125,200
Donation of office space 6,000 20,800
Grants for transnational projects 553,100 812,400
Other income and exchange losses 5,800 (1,300)
Total 873,100 1,182,200
     
Surplus of income over expenditure (25,600) (50,500)

Lorne Braun, Treasurer.