Building the future

For purchases, expansion and remodelling of the property The amount of € 300 000,- is required. In order to obtain these funds we will start finding sponsors for fictitious m2 early 2019.

Companies, foundations, denominations and individuals will be addressed. The course and result of our fundraising activity will be portrayed on the website. In addition, we will continue to search for a wider group of regular contributors to cover the monthly recurring expenditure. The board focuses on a personal approach.
If money is needed for special expenses a specific separate fundraise is started.

Management and utilization of capacity
For asset management, three bank accounts are opened in the name of the foundation:
- a checking account for general use;
- a savings account to put money away when it is not used directly; and
- a bank account with debit card for Danny and Rianne Kommer to Romania
use approved expenses within limits set by the board.

The foundation's financials are invested in a risk-averse setup, this means the following: The foundation will have complete disposal of the funds, and the funds will be transferred to a large Dutch bank.

Also, the board will, if this is desirable or necessary in its opinion, audit the site in Romania to determine whether the granted funds and resources are actually spent on the intended goals. The foundation can be represented by a delegate appointed by the board, who will report results back to the Board.

Spending power
The funds of the Foundation will be spent on achieving the set goals. Given that the acquisition, expansion and renovation of the family home and grounds requires an estimated amount of € 300.000,- the Foundation transfers funds to the savings account of the foundation until the required amount is raised and the purchase of the family home can be completed.
The board focuses on the purchase of the house over the course of 2019 and hopes to execute the expansion and renovation of the building afterwards.

The Board has prepared a budget for three years.

budget 2019 2019 2020 2021
Result 286,250 -9,750 -6,750
Income own fundraising 330,000 35,000 40,000
Income third-party campaigns 5,000 6,000 7,000
interest income - - -
335,000 41,000 47,000
Spent on objective 45,000 48,000 51,000
Costs own fundraising 3,000 2,000 2,000
cost management and administration 750 750 750
48,750 50,750 53,750

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