IofC INTERNATIONAL
FINANCE

FINANCE

Executive Summary of 2008 finances

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.

In CHFr (to nearest 100).  To download full audited accounts for 2008 click here.

  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.