Annual Report 2016: We were able to make a significant difference in our over 25 projects in East Africa an Switzerland, which focus on strengthening skills that foster independence and self-sufficiency. At the same time, we could help people make a substantial improvement in their living conditions. Biovision invested more than 6.6 million Swiss Francs in projects and programmes, representing a stable continuation of our entire programme with selected new investment.
Income: Biovision ended the Financial Year 2016 on a successful note, again recording a gratifying income in excess of 8 million Swiss Francs. Donations from private individuals were at a record level. Thanks to the generosity of our many loyal donors, Biovision remains a strong and viable organisation. Particularly welcome was the increase in the income from membership fees. As a result of this financial stability, we can focus on specific innovations, e.g. the widespread rollout of the Push-Pull method in other parts of Africa. It will also allow us to devote more resources to build the capacity of regional partners.
Project expenditures: Our new strategy sets clear objectives for the period 2016–2020 and so we have made certain adjustments to our expanded project portfolio. During the Financial Year 2016, Biovision invested more than 6.6 million Swiss Francs in projects and programmes, representing a stable continuation of our entire programme with selected new investment.
Deployment and source of funds averaged over five years from 2012-2016:
Deployment of funds 2012–2016
10% Fundraising and Communication
9% General Administration
Source of funds 2012–2016
34% Individual donors
9% Donor Memberships Contributions
28% Companies and Foundations
18% Government agencies
As a ZEWO-certified foundation, Biovision fulfills the accounting regulations for non-profit organisations in Switzerland. Furthermore our financial accounting adheres to the Swiss GAAP FER 21 principles for non-profit organizations and is audited by external auditors.
In its fundraising, Biovision is committed to the ethical guidelines of "Swissfundraising".
Donations to Biovision are tax-deductable in Switzerland, and maybe in other countries depending on tax laws. Biovision has obtained a legal opinion that it is equivalent to a Section 501(c)(3) public charity in the US.