• Mission
  • Management
  • philanthropic activities
    • African Parks
    • AMREF Flying Doctors
    • CARE Nederland
    • The Ocean Cleanup
    • Rijksmuseum Project Nachtwacht
    • SOS Children's Village Senegal
    • Stichting Het Rijksmuseum
    • VUmc CCA
    • Wildlife Conservation Society
  • Previous philanthropic activities
    • DKMS
    • Prinses Maxima Centrum
    • SOS Children's Village Togo
    • Stichting Het Rijksmuseum
    • Yayasan Sayap Ibu Pusat, Indonesia
    • WWF
  • Financials
  • Contact
The Bennink Foundation
Financial performance 2013

In  2013, the Foundation had a net revenue of  €413.251 which was the result of a positive return of 8% on its assets managed by JP Morgan.

The total return since the inception date beginning 2008 amounts to 28% which is several points above the return made by other benchmarked funds.

This result allowed us to finance for €521.275 in different projects. The most important ones were grants to a family strengthening program of SOS Children Villages in Togo, a project with Sayap Ibu in Indonesia, the support of a cancer research program with the VUmc, a longer term contribution to the Rijksmuseum in Amsterdam and a donation to the Wildlife Conservation Society, as earlier described.

The operational expenses were limited to €11.898 and represented only 3% of the total revenue.

The main items of these expenses were audit fees and travel expenses regarding the Foundation’s Indonesian project.

The net result was €119.922 negative.

The Equity at end December 2013 is €6.291.885.  The Equity of end December 2012 was reduced with the negative result but increased with a €1.000.000 capital contribution by the founder of the Bennink Foundation.


Financial Statement 

                                                                  Balance sheet as at December 31, 2013
                                                                                   after treatment of loss



Assets                                                                                            2013                                                               2012
                                                                                                           €                                                                      €

Fixes Assets                                   
Financial fixed Assets                                                           6,578,197                                                     5,406,075 

Currents assets
Cash at bank and in hand                                                        28,945                                                           5,732   

Total Assets                                                                               6,607,142                                                     5,411,807

Equity and Liabilities      

Equity                                                                                           
General reserves                                                                      6,291,885                                                     5,411,807                                                                       
                                      
Long Term Liabilities                                                                 200,000                                                              _

Total Equities and Liabilities                                                    115, 257                                                              _




                                                                     Statement of Revenu and expenditure for 2013


                                                                                                       2013                                                                 2012  
                                                                                                          €                                                                       €


Net revenu donations                                                                -----                                                                 1,000
Net revenu securities                                                             413,251                                                          407,783

Total net revenu                                                                       413.251                                                          408,783

Organisation and administration expense                       11,898                                                                  247

Grants Payable                                                                         521,275                                                             74,365
Excess of revenues over expenditure                               (119,922)                                                       ( 334,171)

                                                                                                         
Transparancy and control

Ernst & Young Accountants LLP issued on June 12, 2014 a compilation report on the financial statements 2013 of The Bennink Foundation.

The full Board discusses bills in detail and gives approval.   Important decisions, like investing part of the base Capital of the Foundation, are taken with approval of at least 75% of the votes.

The Board meets at least twice a year. Additional meetings will be added, as necessary, to follow up on the progress of agreed projects and discuss new proposals.

Accounting policies

The financial statements 2013 have been prepared in accordance with RJK C1. The figures as stated above are adopted from the financial statements 2013. The financial statement 2013 are prepared in euros. As from 2014 onwards the functional and presentation currency of the foundation will be the US Dollar. Commitments for grants are fully expensed in the accounting year in which the decision to commit has been taken by the Board. 







Contact:
The Bennink Foundation, RSIN:818818670
P.O. Box 103, 1250 AC Laren (NH)
The Netherlands

info@benninkfoundation.com

Website door glimph.com