Finances

The Porvenir Peru Foundation was established by Ernesto Zulliger, the current president of the foundation board, who contributed the necessary founding capital. From the outset, the purpose of the organisation was to establish an endowment foundation for which not only the return on assets and the donated funds would be used to achieve its overall purpose, but if necessary, for which the foundation capital could also be used.

2018 was by far the best year for donations since the Foundation was established five years ago. We received just under CHF 68,000 in donations. In the previous three years the figures were much lower (2017: CHF 20,000 / 2016: CHF 14,000 / 2015: 6,000, all figures rounded).

At 31 December 2018, the Swiss Foundation Porvenir Peru (CHF 63,980) and its Peruvian aid association of the same name (US$ 4,700) together had CHF 68,625 in liquid funds at their disposal to continue financing existing and planned aid projects.

The foundation has neither fixed staff nor office costs so it can easily cover the annual administration and management costs with this low level of funds. Where costs are concerned, these mainly concern auditing and book-keeping for the foundation and our Peruvian aid association. These are prescribed by law and unavoidable.

Below the audited financial reports (in German) for the last years.