Policy Plan
Pasuk Foundation is a Dutch foundation committed to the development of Filipino youth growing up in extreme poverty. The foundation is registered in the Dutch Chamber of Commerce under number 08143947.
Through this policy plan, Pasuk Foundation aims to provide third parties with insight into how its mission is being fulfilled. The following sections describe:
- the activities carried out by Pasuk Foundation
- how Pasuk Foundation aims to raise funds
- the management of the foundation’s assets
- how the assets of Pasuk Foundation are spent
1. Vision
In the Philippines, many young people cannot attend school due to financial constraints. 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, for over 15 years, we have been providing children with school supplies to offer them a hopeful future. In partnership with Bible-believing churches in the Philippines, we share not only the Gospel but also practical support with children and their families living in slum communities, aiming to free them from the grip of poverty.
2. Activities
The activities of Pasuk Foundation can be divided into two categories:
- Activities in the Netherlands
- Activities in the Philippines
Ad 1) Activities in the Netherlands
These primarily include fundraising, maintaining communication with donors, and supervising/monitoring the Pasuk project partner and scholars.
Ad 2) Activities in the Philippines
These involve the selection, coaching, and (financial) support of children in the Pasuk program. These tasks are mainly carried out by the Pasuk project partner(s), who are responsible on behalf of Pasuk Foundation for the professional guidance of the students. There is close and ongoing communication between the board and the project partner(s).
3. Fundraising
Pasuk Foundation seeks to raise funds in various ways, including:
- (Recurring) donations from individuals and legal entities
- Inheritances and bequests
- Government grants and subsidies
To reach as many people as possible, various modern media channels are used. On this website, interested parties can find information about the foundation’s work and how to make donations. Periodic attention is also generated through local and national newspapers. In addition, existing donors are kept informed via email and the annual report.
4. Asset Management
Donors give annually, either once or on a recurring basis, and these donations fund the foundation’s activities.
Due to its small organizational structure, Pasuk Foundation has relatively low overhead costs. Based on historical figures, we can guarantee that at least 98% of all donations are directly used for educational projects. Operational costs are covered by specific gifts and subsidies designated for that purpose.
Because of the ongoing need for liquidity, Pasuk Foundation must always have access to funds. Temporarily available cash assets cannot be tied up for long periods. For this reason, an online savings account has been opened. The balance in this account remains fully accessible to the foundation.
Given the current financial situation, Pasuk Foundation does not invest in assets beyond the setup described above.
5. Allocation of Funds
Before the start of each school year, a budget is prepared under the board’s responsibility, based on the project plans. These plans are developed by the project partner(s), in consultation with the chairman of Pasuk Foundation. After the board approves the budget, funds are transferred to the project partner(s) in installments. Pasuk Foundation periodically and randomly checks whether the funds are being spent in accordance with the project plans.
6. Remuneration Policy for Board Members
Board members of Pasuk Foundation do not receive any remuneration for the work they perform for the foundation.