Financial performance 2024
In 2024, global stock markets delivered strong performances, with most major indices posting positive returns throughout the year.
US markets were particularly robust. The S&P 500 surged by 23,3%, marking its best annual performance since 2019 and again driven by the excellent result of the magnificent seven.
As a result, the Foundation showed a positive return of 15,5% for the year, which was in line with the benchmarks.
The average performance since inception date in 2008 is +6,8%.
The net revenue securities was $8.161 and the value adjustment was $934.496 positive.
The (exceptional) “other income” included €3.000 for donations received and $41.822 for benefits from inheritances.
The result was $911.257 positive.
The operating expenses (excluding grants payable and interest and related expenses) were $73.203. The major part related to consulting fees EY, salaries and the reporting tool Diligent Board.
The interest and related expenses of $54.130 include the fees for JPM for managing our portfolio and the interests payable on the loan we have taken to invest in Private Equity funds.
In 2024, only one new commitment of $ 42.916 was made, namely for the family planning project of SOS Children Villages in Ghana. This project was funded with the designated inheritance we received.
Payments in 2024 for earlier commitments amounted to $440.936.
The Equity at end December 2023 increased to $6.352.964 and the assets were at $7.296.225.
The current liabilities ($257.459) relate to provisions for grants and accruals for incurred bunt unpaid expenses.
The non-current liabilities ($685.802) include the Loan JPM of $ 338.809.
Breakdown of grants payable 2024
$
SOS Children Villages NL 42,916
Exch. difference. -39,897
3,019
Over the past 14 years, the Bennink Foundation has provided philanthropic support totaling $9,079,046
2011: $151,133 2015: $381,640 2019: $410,916
2012: $95,543 2016: $332,831 2020: $423,085
2013: $718,291 2017: $699,622 2021: $886,028
2014: $643,373 2018: $2,288,62. 2022: $786,000
2023: $1,258,939 2024: $3,019
Safeguarding the planet $3,863,295 | Children in Need $1,385,422 |
The Arts $1,382,434| Medical /Scientific Research $2,625,427| Other $ 85,848
Balance sheet as at December 31, 2024
After treatment of loss
2024 2023
Assets $ $
Non-current assets
Financial assets 7,291,504 6,469,434
Current assets
Cash at bank and in hand 4,721 7,009
Total assets 7,296,225 6,476,443
Equity and liabilities
Foundation capital
General reserves 6,352,964 5,441,707
Non-current liabilities 685,802 619,905
Current liabilities 257,459 414,831
Total equity and liabilities 7,296,225 6,476,443
Statement of Revenue and expenditure for 2024
2024 2023
$ $ $ $
Net revenue securities 8,161 7,062
Other Income 44,822
Total net revenue 52,983 7,062
Wages and salaries 17,653 17,978
Social security charges 2,926 2,946
Grants Payable 3,019 1,258,939
General expenses 52,624 47,945
Total of sum of expenses 76,222 1,327,808
Total of operating result (23,239) (1,320,746)
Interest expenses and related expenses 54,130 (21,237)
Value adjustment from securities 988,626 1,089,015
Financial income tax expenses 934,496 1,067,778
Excess / (shortage) of revenues 911,257 (252,968)
over expenditure
Transparancy and control
The Board approved the 2024 results in their Board meeting of May 19, 2025.
EY Accountants LLP issued on May 22, 2025 their final compilation report on the financial statements 2024 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 2024 have been prepared in accordance with RJK C1. The figures as stated above are adopted from the financial statements 2024. As from 2014 onwards the functional and presentation currency of the Foundation is US Dollar. Commitments for grants are fully expensed in the accounting year in which the decision to commit has taken
by the Board.
In 2024, global stock markets delivered strong performances, with most major indices posting positive returns throughout the year.
US markets were particularly robust. The S&P 500 surged by 23,3%, marking its best annual performance since 2019 and again driven by the excellent result of the magnificent seven.
As a result, the Foundation showed a positive return of 15,5% for the year, which was in line with the benchmarks.
The average performance since inception date in 2008 is +6,8%.
The net revenue securities was $8.161 and the value adjustment was $934.496 positive.
The (exceptional) “other income” included €3.000 for donations received and $41.822 for benefits from inheritances.
The result was $911.257 positive.
The operating expenses (excluding grants payable and interest and related expenses) were $73.203. The major part related to consulting fees EY, salaries and the reporting tool Diligent Board.
The interest and related expenses of $54.130 include the fees for JPM for managing our portfolio and the interests payable on the loan we have taken to invest in Private Equity funds.
In 2024, only one new commitment of $ 42.916 was made, namely for the family planning project of SOS Children Villages in Ghana. This project was funded with the designated inheritance we received.
Payments in 2024 for earlier commitments amounted to $440.936.
The Equity at end December 2023 increased to $6.352.964 and the assets were at $7.296.225.
The current liabilities ($257.459) relate to provisions for grants and accruals for incurred bunt unpaid expenses.
The non-current liabilities ($685.802) include the Loan JPM of $ 338.809.
Breakdown of grants payable 2024
$
SOS Children Villages NL 42,916
Exch. difference. -39,897
3,019
Over the past 14 years, the Bennink Foundation has provided philanthropic support totaling $9,079,046
2011: $151,133 2015: $381,640 2019: $410,916
2012: $95,543 2016: $332,831 2020: $423,085
2013: $718,291 2017: $699,622 2021: $886,028
2014: $643,373 2018: $2,288,62. 2022: $786,000
2023: $1,258,939 2024: $3,019
Safeguarding the planet $3,863,295 | Children in Need $1,385,422 |
The Arts $1,382,434| Medical /Scientific Research $2,625,427| Other $ 85,848
Balance sheet as at December 31, 2024
After treatment of loss
2024 2023
Assets $ $
Non-current assets
Financial assets 7,291,504 6,469,434
Current assets
Cash at bank and in hand 4,721 7,009
Total assets 7,296,225 6,476,443
Equity and liabilities
Foundation capital
General reserves 6,352,964 5,441,707
Non-current liabilities 685,802 619,905
Current liabilities 257,459 414,831
Total equity and liabilities 7,296,225 6,476,443
Statement of Revenue and expenditure for 2024
2024 2023
$ $ $ $
Net revenue securities 8,161 7,062
Other Income 44,822
Total net revenue 52,983 7,062
Wages and salaries 17,653 17,978
Social security charges 2,926 2,946
Grants Payable 3,019 1,258,939
General expenses 52,624 47,945
Total of sum of expenses 76,222 1,327,808
Total of operating result (23,239) (1,320,746)
Interest expenses and related expenses 54,130 (21,237)
Value adjustment from securities 988,626 1,089,015
Financial income tax expenses 934,496 1,067,778
Excess / (shortage) of revenues 911,257 (252,968)
over expenditure
Transparancy and control
The Board approved the 2024 results in their Board meeting of May 19, 2025.
EY Accountants LLP issued on May 22, 2025 their final compilation report on the financial statements 2024 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 2024 have been prepared in accordance with RJK C1. The figures as stated above are adopted from the financial statements 2024. As from 2014 onwards the functional and presentation currency of the Foundation is US Dollar. Commitments for grants are fully expensed in the accounting year in which the decision to commit has taken
by the Board.