Policies and Practices on Donor Funding
The Foundation is dedicated to ethical fundraising practices and enforces stringent conflict of interest policies to prevent any misuse of funds. Additionally, the Foundation adheres to international best practices for accountability, good governance, and transparency in the utilization of partner and donor funding.
- Clear Policies and Procedures: The Foundation adheres to clear governance policies regarding the management of funds. This includes guidelines for financial oversight, reporting, and decision-making processes that ensure integrity and fairness.
- Transparent Reporting: Regular and detailed financial reports are provided to donors and partners, outlining how funds are allocated and spent. This transparency helps stakeholders understand the Foundation’s impact and builds trust in its operations.
- Impact Assessment: The Foundation conducts regular evaluations of its programmes funded by partners and donors. Sharing the results of these assessments not only demonstrates accountability but also informs future initiatives and funding strategies.
- Stakeholder Engagement: The Foundation actively involves stakeholders, including donors and community members, in decision-making processes. This participatory approach ensures that funding aligns with community needs and enhances overall programme relevance.
- Audit and Compliance: Independent audits are conducted to ensure that financial practices comply with legal and ethical standards. Sharing audit results with partners and donors reinforces the Foundation’s commitment to accountability.
- Open Communication: Maintaining open lines of communication with donors and partners fosters trust and allows for ongoing dialogue about the Foundation’s priorities, challenges, and successes.
- Feedback Mechanisms: The Foundation has established channels for feedback from partners, donors, and beneficiaries that enables the Foundation to continuously improve its practices and address any concerns related to governance and funding use.