ZEWO FOUNDATION'S STANDARDS
Public benefit status
The non-profit organization carries out a charitable activity.
The organization acts ethically and with integrity.
The governing bodies meet their responsibilities.
The board of directors comprises at least five mutually independent members.
Vested interests are transparent and conflicts of interest are avoided.
Separation of power
The board of directors and executive management are kept personally and functionally separate.
The organization has appropriate internal controls and a suitable risk management system.
The members of the board of directors provide their services on a honorary basis. Appropriate remuneration is paid to employees.
The organization uses its funds efficiently for its designated purpose and the associated administration and funding.
The organization is designed to be as effective as possible.
The organization has appropriate reserves.
The organization is transparent.
Annual financial statement
The annual financial statement provides a true and fair view of the financial position, results of operations and cash flows.
The annual financial statement is audited by independent and professionally qualified auditors.
Any investments made by the organization are sustainable and in accordance with investment regulations.
Umbrella associations promote compliance with standards among their affiliated organizations.
The fundraising organization is responsible for ensuring that the funds donated to it are used for their designated purpose.
The organization raises funds fairly and allocates donations to the stated objectives and purposes.
The organization respects data protection and donor privacy.
Responsibility for fundraising and communication remains with the organization, even when they collaborate with third parties.
Large organizations coordinate and regulate their fundraising collections according to Zewo’s fundraising calendar.