Annual Report

The Optical Foundation / Annual Report

Financial Accountability

Revenue comes in the form of donations from private donors and independent opticians. These donors are currently mainly achieved by:

  • giving lectures;
  • crowd funding;
  • money raising activities on special occasions;
  • publication and actions through the website and social media;
  • publications in professional journals.

The proposal is to use the additional income from these other donations to, carry out additional activities in Ghana. The income from these sources currently amounts to about € 4,000, – per year.

As can be seen in the budget, The Optical Foundation is looking for an annual financial support of € 24,075, –

The objective is to increase the self-reliance of the Ghanaian target group as much as possible, to enable them to gain an independent position. Finding a international’ partner who is willing to financially commit to this project for one or more years, will allow us to achieve this.

Remuneration policy

The foundation is a small organisation with overheads kept to an absolute bare minimum, to ensure that all revenue raised through donations and sponsorship is almost entirely used only for benefit the project (> 98% for the project). Despite its relatively short existence, the project has already proven itself to be successful. Our business plan will explain our spending.