Financial Resources
The IECD financial strategy is based on :
Diversified sources of financing : Private funding accounts for around 46% of IECD financial resources. It is principally through privileged partnerships with: - large companies and their foundations, such as Veolia Environment, Schneider Electric or the Air France Company Foundation - organizations and foundations such as the Frères de Nos Frères organization (Swiss NGO Brothers of our Brothers), the Groupe Développement organization (French NGO), etc.
In parallel, donations from individuals are also mobilized, mostly in order to contribute to the perpetuation of our local partners’ actions. These donations come in two forms: - Notarized donations and bequests exempt from legacy duties - Donations mobilized by regular fund-raising campaigns, « Semeurs d’Avenir »
The IECD has benefited from public funding for the majority of its projects and an excellent relationship with the European Union since 1994, the French Ministry of Foreign Affairs since 1995, the French Development Agency, as well as local authorities (such as the le Conseil Général des Hauts de Seine (the Hauts de Seine Department Council), le Conseil Régional des Pays de la Loire (the Loire Valley Regional Council), le Conseil Régional d’Ile de France (the Ile de France Regional Council), etc.), as well as the Dutch Ministry for Agriculture, and others.
Project-specific financial engineering: A financing plan is drawn up for each project and specific “fund raising” activities are launched. The aim is to link together public and private funds under a co-funding banner. The contributions of each donor are distributed in such a way as to provide the financial basis necessary for implementing the activities and for long-term project funding.
Highly suitable financial partners: Our financial partners have specific interests in our projects, each interest is different and is based on partners’ individual activities and the mission selected. The financial engineering phase therefore aims at perfect coherence between partners’ objectives and the type of project to be implemented. Our partners’ personal experience of the sector or the country involved is essential for creating genuine partnerships, often leading to partners’ active participation in project steering committees.
Optimal financial management: The IECD has integrated high-performance financial management tools ensuring the allocated financial resources are optimally used. Simultaneously, regular technical and financial assessment and internal and external auditing guarantee that projects are carried out correctly and financial resources are used accordingly.
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Our accounts are certified on a yearly basis by an auditor. In 2009, this was done by HLP Audit (4 rue Amédée Ménard).
> If you wish to consult our certified social accounts, click here.
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