Net4kids Continuity Fund Report

The goal of the Continuity Fund is safeguarding the continuity of Net4kids’ activities. This goal is twofold.
On the one hand, the Continuity Fund helps safeguard the continuity of the projects we support. If a project Net4kids is committed to does not attract sufficient or even any donors, the shortfalls can be financed from the Continuity Fund. In the past years, this situation has not yet occurred, and we have always been able to find enough donors for all projects.

On the other hand, the Continuity Fund strives to maintain the continuity of the organisation itself. The goal is to cover the Net4kids Foundation’s organisational costs through organisation sponsors. If these costs are insufficiently covered, shortfalls are financed using the Continuity Fund, supplemented by returns on capital, or, if this is insufficient, by existing capital itself. In 2006, a total of € 106,757 was contributed to the Net4kids Organisation foundation from the Continuity Fund. Of this amount, € 13,464 was returns on capital, and the remaining € 93,293 came from the Continuity Fund’s own capital.

An expansion of the Continuity Fund of € 2 million was planned for 2005. Based on the current size of the Continuity Fund relative to the projects we currently support and plan to support in 2007, as well as the amounts promised by donors, the decision has been made not to strive for expansion of the Fund at this time. Instead, priority will be given to finding organisation sponsors to prevent further affecting existing capital.
Click here here for the financial report on the Continuity Fund.