Funding & Disbursement

Funding

  • Initial take-off funds shall be provided by the Founder/Trustees.
  • Donations (whether cash or kinds) from individuals, corporate bodies, charitable Centre and various tiers of government that is not prejudiced to the aims and objectives of the Centre.
  • Donations from donor Agencies, Government Agencies, philanthropists, people of goodwill, etc.
  • Revenue generated from activities of the Centre.

Disbursement

  • The funds accruing to the Centre shall be applied solely towards the promotion of the objects of the body as set forth in the Constitution and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to members of the Centre.
  • The funds will also be used for payment in good faith, reasonable and proper remuneration to any officer or staff of the Centre in return for services rendered to the Centre. With the exception of ex-officio members of the governing body, no member of the management team or governing body shall be appointed to any salaried office of the Centre or any officer of the Centre paid by fees.
  • Reimbursement of out-of-pocket expenses reasonably incurred on behalf of the Centre by any of its officers or staff.
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