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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.
To find out how you can support our work, see the green 'Your Support' button top right or click here.
Executive Summary of 2010 finances
The figures given below are an executive summary of income and expenditure.
To download full audited accounts for 2010 click here.
To download full audited accounts for 2009 click here.
Initiatives of Change International provides the following services to its members:
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 (all figures in Swiss Francs)
|Work with international organizations||270,761||259,809|
|Communications and websites||143,642||110,976|
|Administration and overheads||60,942||53,336|
|Donations from IofC National Associations||318,134||318,998|
|Other donations received||8,374||82,944|
|Donation of office space||41,484||41,604|
|Income from transnational projects||651,746||921,519|
|Interest and exchange differences||5,243||(7,796)|
|(Deficit) from operation||(80,052)||29,257|
Lorne Braun, Treasurer.
Who we are: Initiatives of Change (IofC) is a world-wide movement of people of diverse cultures and backgrounds, who are committed to the transformation of society through changes in human motives and behaviour, starting with their own.
Purpose: We work to inspire, equip and connect people to address world needs, starting with themselves, in the areas of trustbuilding, ethical leadership and sustainable living.
Omnia Marzouk, President, IofC International
'Nothing lasting can be built without a desire by people to live differently and exemplify the changes they want to see in society.'