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.

In 2019, we received donations amounting to USD 10,833. This means that last year's income from donations was in line with the usual annual average, although it was much lower than the income of the previous year (USD 68,000). In 2018, we were grateful to receive a sum of USD 60,000 from a single donor.

As at 31 December 2019, together the Swiss foundation Porvenir Peru (USD 53,400) and our Peruvian subsidiary of the same name (USD 8,400) had liquid assets of USD 61,800 at their disposal to be able to implement further 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.