The EU Graduates Fund
Financial Information
The EU Graduates Fund is an Australian Public Company. It is registered with the Australian Securities and Investment Commission (ASIC), to whom it submits audited Annual Reports (see entry in the Australian Business Register). The Fund is a not-for-profit religious organisation. Personal donations are not tax deductible, however, companies are able to enter a sponsorship arrangement which provides for charitable status.
The EU Graduates Fund has always depended entirely on the donations and giving of generous Christian people. God has always provided!
The EU Graduates Fund has experienced dramatic growth in staffing and budget over the last 19 years. The number of staff working in partnership with the EU has increased from one in Economics in 1991 to this year's team of nineteen. In turn, the Fund's budget has had to match this growth. God through his people has abundantly provided.
In 1994 the EU Graduates Fund received $28,000. In 2007 it was $485,000 and the total income target for 2008 is $607,000.
Total Income Target for 2008: $607,000
One of the key developments of the last few years, which has enabled us to keep growing, has been to invite giving from a diverse number of places. The following shows the break-down of our budgeted income and expenditure for 2008.
| Income | |
|---|---|
| Donations from EU Graduates | 25% |
| Sponsorship gifts | 5% |
| Foundation gifts | 10% |
| Partnership Plus | 1% |
| Bequest | 0% |
| Personal support gifts | 59% |
| Expenditure | |
| Salaries | 90% |
| Running Expenses | 6% |
| Budgeted surplus | 4% |