Policy Plan

Pasuk Foundation is a Dutch foundation dedicated to the development of Filipino youth growing up in extreme poverty. The foundation is registered in the trade register of the Chamber of Commerce under number 08143947. Through this policy plan, Pasuk Foundation wishes to provide third parties with insight into the manner in which its objective is achieved. The remainder of this plan will therefore describe:

the work performed by Pasuk Foundation
The manner in which Pasuk Foundation seeks to raise funds
managing the assets of Pasuk Foundation
The use of Pasuk Foundation's assets.

1. Vision
In the Philippines, many young people cannot attend school due to lack of money. Our vision is an integrated approach to poverty alleviation, supporting Pasuk children mentally, physically, socially and spiritually. We believe that hope in Jesus Christ and education are the keys to development. That is why we have been providing children with school supplies for over 15 years to give them a hopeful future. In cooperation with Bible-believing churches in the Philippines, we not only share the Gospel, but also provide practical help to children and their families in the slums to free them from the grip of poverty. 2. Work
The work of Pasuk Foundation can be divided into two groups, namely:

work in the Netherlands
work in the Philippines

Ad 1) The activities in the Netherlands mainly consist of acquiring funds, maintaining communication with donors and guiding/monitoring the Pasuk project partner and students. Ad 2) The activities in the Philippines consist of selecting, coaching and guiding (financially) children in the Pasuk program. These activities are mainly carried out by the Pasuk project partner(s), who, on behalf of Pasuk Foundation, takes care of the professional supervision of the pupils. There is intensive contact between the board and the project partner(s). 3. Fundraising
Pasuk Foundation tries to raise funds in various ways, namely by:

(periodic) donations by natural and legal persons
acquisitions under inheritance law
grants provided by or on behalf of the government.

In order to reach as many people as possible, various modern media are used. On the internet site www.pasukfoundation.org interested parties can find information about Pasuk Foundation's work and the way donations can be made. Periodically, attention is drawn to Pasuk Foundation's work through local and national newspapers. In addition, existing donors are provided with information via the Internet and the annual report. 4. Asset management
Donors make annual one-time or periodic donations, which are used to finance the activities. Thanks to the small organization, Pasuk Foundation has relatively few organizational costs. Therefore, given the history, we can guarantee all donors that at least 98% of their sponsorship money is spent on the schooling projects, since the organizational costs are covered by donations and subsidies received especially for this purpose. The demand for liquid funds is such that Pasuk Foundation needs to have money constantly at its disposal. Temporary excess cash can therefore not be missed for long. In this context, an internet savings account has been opened. The balance of this savings account is at the free disposal of the foundation. The current financial position of Pasuk Foundation does not allow investment of funds other than mentioned above. 5. Spending capital
Before the start of the school year a budget is made under the responsibility of the board, based on the project plans made. The project plans are made by the project partner(s), in cooperation with the chairman of Pasuk Foundation. After adoption of the budget by the board, funds are made available to the project partner(s) in installments. Periodically and randomly Pasuk Foundation checks whether the funds made available are spent within the framework of the projects, as described in the project plans. 6. Remuneration policy directors
The directors of Pasuk Foundation receive no remuneration for the work they perform for the foundation.