Where does the rest of the money go?
Of the remaining 22 percent of our budget, 7 percent is costs for overall administration and 16% are costs for fundraising. We invest resources in fundraising so that we can raise more money each year to award more grants. We have succeeded in awarding more and more grants every year since our founding. The last two years in a row we have increased our grantmaking by 15 percent annually. We limit our costs by maintaining only one office rather than setting up offices all over the world.
Of the remaining 22% of our budget, 7% is costs for overall administration and 16% are costs for fundraising. We invest resources in fundraising so that we can raise more money each year to award more grants. We have succeeded in awarding more and more grants every year since our founding. The last two years in a row we have increased our grantmaking by 15% annually. We limit our costs by maintaining only one office rather than setting up offices all over the world.
