Fiscal Responsibility
Future Generations operates as two legally separate organizations:
- 501(c)(3) non-profit organization (EIN 54-1651305 )
- 501(c)(3) non-profit graduate school (EIN 20-4093450).
2007 Fund Allocation: Based on Future Generations Audit for Fiscal Year Ending June 30, 2007Future Generations practices best accounting procedures with the
oversight of a Certified Public Accountant and an annual audit,
including a more rigorous A133 government audit.
Our work is supported through a modest but healthy endowment and generous annual donations from private philanthropists, foundations, and government agencies. Our administrative costs rarely exceed 15% of our annual budget to ensure that funds support real projects for real people in critical regions worldwide.
We are able to keep our administrative costs to a minimum because we:- Have strategically based our international headquarters in rural West Virginia
- Pay no rent or mortgage bills: the office and land were purchased with a generous donation from the Andrus Trust;
- Generate our electricity from the wind to keep a low electric bill and tap water from a mountain spring