Budget

Stichting Levi Lassen’s annual budget stands at € 3,000,000, approximately half of which (€ 1,500,000) will be donated to projects in Israël.


The budget is managed subject to the following rules:

  • The foundation achieves its objectives using its own capital income: its funding budget is made up of investment returns, and it takes the greatest possible care to manage its assets as wisely as possible.

  • Payments are made from a grants reserve fund which is replenished from the return on the foundation's capital, after deducting 25% of the results which pursuant to the articles must be added to the capital to secure its maintenance.

  • The foundation seeks at all times to manage its capital in the best possible way and to follow a responsible and consistent grant policy.

  • For the sake of continuity the foundation seeks to maintain its grants reserve fund at a level of least twice the annual funding budget.

 

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