Where do my sponsorship funds go?
Ultimately all of these funds go toward serving our mission – feeding, housing, educating and caring for our children, and ensuring that they are cared for by a long-term, stable group of qualified and experienced caregivers. Meeting these purposes requires funding not just for day-to-day operating costs, but also in acquiring land, building accommodation and related facilities, administering all of Access Hope Inc.’s and the children’s home’s activities, and in building reserves to ensure Access Hope Inc.’s existence and financial stability into the future. Your sponsorship funds are pooled to meet all of the costs associated with these activities.
If I am sponsoring an individual child, why are my funds pooled?
As the children’s individual needs and living expenses may be different from other children, or may change over time, ensuring that the needs of all our children are adequately met is best achieved and administered out of a general pool of funds.
Likewise, while individual children may require the payment of expenses specific to them, the majority of the costs of housing, feeding, supervision and care are communal in nature and cannot readily, or efficiently, be allocated to specific children.
Our child sponsorship program provides for our caring sponsors to feel and establish a personal relationship with an individual child. Our caregiver’s sponsorship program is directed at providing sponsors an opportunity to express their support toward our children’s home caregivers. Our partnership program is directed at providing our partnership sponsors with the knowledge that they are contributing to the overall operation of the children’s home.
Are there any administration expenses
With our CEO, Linda Gouldsmith, having overseen the building and operation of Access Hope Inc. and our children’s home since 2010 on a volunteer basis, with effect from 1 July 2021 the Board of Access Hope Inc. has determined that the growth of our mission and the time commitment required to oversee all of our operations has necessitated that we move toward paying Linda for her services. While this will not fully compensate Linda for her continuing time and effort in operating Access Hope Inc., it is a significant action in recognizing her commitment to this mission. While this change also increases the administrative costs in operating the charity, the Board is confident that this increased cost will be off-set through future growth.
In the 2020/21 financial year, Access Hope Inc.’s administration costs accounted for approximately 15% of total sponsorship, donation and fundraising income.