100% to the Projects
We have a special relationship with an anonymous company that helps us in a special way. It finances all of the administrative and marketing costs of Shining Hope Foundation asbl.
Shining Hope Foundation asbl submits a copy of the company’s books at the end of each financial year to comply with the charity Commission’s fiscal guidelines. These books, independently verified by Deloitte, show the list of expenses made throughout the year that were not charged to the partner. Shining Hope Foundation asbl receives the exact amount that corresponds to all these expenses from this generous company.
We are very lucky to provide the certitude that every donation received is going directly towards humanitarian goals.
Shining Hope Foundation asbl is a nonprofit organization originally founded by Luxembourg residents in the United Kingdom in 2010. It is is registered as Shining Hope Foundation asbl since October 16, 2017. The charity strives to operate efficiently and to minimize fundraising and administrative costs. To maximize the impact of each donation, we only raise funds over the Internet.
Financial Transparency and Accountability
Shining Hope Foundation asbl maintains the very highest standards in financial accountability and transparency.
Our partners are evaluated by independent professional consultants. Once selected, we provide them with a detailed budget, planned over at least three years that is regularly re-evaluated. The programme budgets are reviewed throughout the year to ensure they are implemented responsibly and in keeping with our goals.
Shining Hope Foundation absl’s Board of Directors carefully controls the use of all funds collected worldwide. It strives to allocate grants carefully, and only to those essential to projects based on detailed narrative and financial proposals. An external financial audit is conducted each year to control the expenses in the field.