‘Friends of’ Fund

Giving sustainable support to various projects of an organisation, together with other philanthropists.

Would you like to support different projects conducted by a single organisation, together with a group of philanthropist friends?

By creating a ‘Friends of’ Fund, a group of philanthropists decides to support a particular organisation or association, in a structural and sustainable way. You and your friends collect donations from supporters of the organisation in question and you decide which projects to support financially.

Duration

The ‘Friends of’ Fund has a duration of three years, although this may be prolonged at the request of those who set it up.

How it works

To create a ‘Friends of’ Fund, those proposing to set up the group must submit an application for the fund to be approved by the King Baudouin Foundation’s local Philanthropy Committee. Once approval has been given and the fund has been set up, it can begin fundraising from donors, through the Fund’s own activities. The Fund is responsible for deciding which projects should benefit from its support. The King Baudouin Foundation takes care of the fund’s administrative and financial management.

Budget

A ‘Friends of’ Fund has to raise a minimum of 10,000 euros in donations each year. The founders also commit to making a one-off donation of 1,000 euros to the King Baudouin Foundation for setting up the Fund. The Foundation is also authorised to deduct an annual amount equal to 5% of the total donations received in the year (with a minimum of €500) to finance its own activities. In the event of donations exceeding €100,000 for the year, a degressive tariff will be applied.

Taxation

Donations of 40 euros or more made for a ‘Friends of’ Fund via the King Baudouin Foundation’s account IBAN: BE10 0000 0000 0404 – BIC: BPOTBEB1 are eligible for a tax reduction of 45% on the amount actually transferred, which is mentioned on the tax certificate issued by the Foundation.

Stories
Inspiring engagement!

Teamwork key to tapping stars’ potential to drive change

Global philanthropy

“If you’re an athlete with a million people following you on social media, you have ambitions that go far beyond scoring goals … A lot of the magic is in the co-creation process.”
Thomas Preiss
co-founder and Chief Operating Officer, Common Goal

Trust in the future

Europe

"Because we can take risks, because we are agile, philanthropic organisations should be key actors in this transition from the old world to a new one."
Brieuc Van Damme
CEO of the King Baudouin Foundation

Helping Congo to jump on the digital train

Africa focus countries: Benin, Burundi, DR Congo, Senegal, Togo

“You can graduate from university here without having ever touched a computer.”
Samy Mwamba
joint founder of Itot Africa