Where Does My Money Go?
We believe it is crucial that Members feel comfortable with where and how their Membership fees and donations are being spent. Here are some of the ways in which your hard-earned money is being monitored and expended:
- All Membership funds and donations will go towards projects in Nepal – the funds will not be used on expenses at Head Office in Bermuda or any other jurisdiction in which The ISIS Foundation operates, other than Nepal. The only exception is funding given to Dr Kimber Haddix, Research Manager, who is based in the USA.
- Funds will be dedicated to specific projects and activities in Nepal including:– any funds paid to a Nepali partner organisation; any funds used in the operation of the children’s homes currently supported by ISIS; any running expenses within Nepal including wages of staff working in Kathmandu and/or Humla; any expense related to research in Nepal, including funding for Dr Kimber Haddix, who is based in the USA, any expense incurred in Nepal in the management of the Foundation (such as registration costs in Nepal).
- We have mentioned projects on this website to which funds may be sent, however The ISIS Foundation may develop new projects in Nepal, not yet on the website, and they may use Kathmandu Kids Club funding for those projects. We are putting this proviso on the funding to ensure that the projects ISIS chooses to support in Nepal are driven by their understanding of the needs of the communities and kids they serve, not by donors.
- Several times a year, we will post accounts in this section of the website, showing how much the Club has raised, and where Club funds have been expended.
- The ISIS Foundation’s accounts are audited annually by KPMG in Bermuda. Please send us an email if you would like a PDF copy of the most recent calendar year audit.
Income and Expenditure to Date
To see how much we have raised to date and where that money goes see our Statement of Accounts.
