How do we operate?
From donation to aid project, what happens exactly? Find out more how our organization works.
© Jón Björgvinsson
We use about 15 per cent of the donations we receive to fund emergency aid projects. The majority of the funds we raise, about 70 per cent, is used to finance long-term reconstruction projects with a maximum impact, and for projects that enable the local population to recover from the disaster and live independently again as quickly as possible.
We use the remaining 15 per cent to consolidate the project results, round off the projects properly, and hand them over to the local people. After major disasters, the funds raised may be used over several years.
We don’t spend all the money we raise immediately. When there has been a major disaster, it makes sense to support projects that run for several years, in particular reconstruction projects. Meanwhile, we invest the money raised very carefully, and try to make it work for us.
The interest earned pays our operating costs such as salaries and rent. If it isn’t enough, we pay the operating costs from our reserves or, if absolutely necessary, with a maximum of five per cent of the donations we receive.