| e-Newsletter |
| Last update 2009-09-11 |
Sources of Financing
The CASE Foundation raises funds for its statutory activities through two types of financing mechanisms:
1. Project-based funding - these are funds obtained by CASE for the implementation of specific projects (both non-profit and for-profit). These funds constituted the majority of CASE's current statutory revenues (96.82%) and totaled PLN 5,472,659.64 in 2008.
2. Institutional support - these are general donations granted to CASE by different institutions to be used according to CASE statutory goals subject to the discretion of CASE Management. These funds totaled PLN 180,000.00 in 2008.
Project-based funding and institutional support together constituted revenue for statutory activities that totaled PLN 5,652,659.64 in 2008. In terms of financing sources, these funds were obtained from the following institutions (as a % of the total).
European Commission funding dominated in 2008, as was true a year earlier, though it accounted for a smaller portion of the CASE budget (48.93%). The public sources rank second, constituting 19% of the funding received for statutory activities (see the Figure below). The importance of this source decreased substantially in 2008, reflecting 2006 level (19.6%). With little fluctuations from 2007, grants from private sources amounted to 15% and ranked third in CASE financing.
Institutional support in 2008 came to a total of PLN 180,000. This was 3.18% of CASE statutory revenue and was received from PEKAO SA, Rabobank Poland SA and Fortis Bank Polska SA. CASE Management Board decided to use these funds mainly for co-financing research projects, publication activities, and for subsidizing the participation of CASE experts in conferences and trainings.
For more information about CASE financing and endowment please see the 2008 Annual Report.
