Financials

Raising funds

III Europe’s work is funded by the Dutch Ministry of Foreign Affairs and the City of the Hague. III Europe raises funds by applying to public and private agencies or foundations for financial support. It also seeks donations and sponsorships from private individuals as well as corporate partners.

Management of assets/funds

III Europe keeps records of all gifts, donations, and assets according to recognised accounting standards. Financial statements, including our income and expenditure, are included in our Annual Reports, which you can find on our Mission page. III Europe does not hold more reserves than are reasonably needed to ensure the continuity of its work.

Use of assets/funds

The funds received are used solely for the implementation of III Europe’s objectives. The majority of the raised funds support our work towards the establishment of an International Anti-Corruption Court and any additional funds will support initiatives aligned with III Europe’s objectives. Board members of III Europe do not receive any stated salaries. They might be entitled to reimbursement of the expenses incurred by them in the performance of their duties with due observance of the ANBI requirements. Our Managing Directors’ annual salary falls below the maximum level foreseen in the beloningsregeling van goede doelen in the Netherlands.