General information The office of the Democracy and Media Foundation is located at Spuistraat 112D, 1012VA in Amsterdam, the Netherlands. The Democracy and Media Foundation is registered at the Chamber of Commerce and Factories under reference number 41197532. The RSIN number of the Democracy and Media Foundation is 009723304. The Democracy and Media Foundation has been marked by the Belastingdienst (tax authority) as Algemeen Nut Beogende Instelling - ANBI (translates to Public Benefit Organisation) The Democracy and Media Foundation is a member of FIN-Vereniging van Fondsen in Nederland and subscribes to its code of conduct. Supervisory board and management The Democracy and Media Foundation has a Supervisory board and a statutory board/director, statutair bestuurder/directeur, ms. N.R. Venema. The director has the ultimate responsibility for the policy and realisation of the foundation's objectives. Per January 1st 2019 the Supervisory Board consists of : Dhr. A.F.M. Brenninkmeijer (chairman) Mevr. J.G. Brandsma. Dhr. I. Nor. Dhr. C.J. Scholten. Mevr. H. M. Verrijn Stuart. Advisors The Democracy and Media Foundation brings in the following advisors in certain cases: Jan Willem Hofland, ABN AMRO MeesPierson. Leonica Bensdorp-de Graaf, ABN AMRO MeesPierso. Jan Willem Nieuwenhuys, ASN Vermogensbeheer. Steffen Klawitter, Finance In Motion. Bas van Heusden, Kamphuis en Berghuizen Accountants. Pieter van der Korst, Lemstra en van der Korst Advocaten. Paul Nielen, Nielen Schuman. Rien van Gendt, Van Gendt Philantropy Services. Renumeration policy Members of the Supervisory Board of the Democracy and Media Foundation receive a compensation in accordance with the sector, per meeting. Furthermore, for further activities outside of the supervisory responsibilities compensation for made expenses can be requested. The director and employees of the Democracy and Media foundation receive a salary in accordance with the sector. Objective and mission An description of the objective and mission of the Democracy and Media Foundation can be found here. Outline of the policy plan The Democracy and Media Foundation grants financial support to projects, organisations or individuals that contribute to the realisation of her objectives. This could pertain to publications, lectures, documentaries, exhibitions or training programs for journalists. This support can persist of a subsidy, a loan or another form of investment. Besides the regular grant policy, the foundation is open to collaboration with organisations and initiatives outside of the Netherlands, whose objectives fit those of the foundation. For instance, the foundation is one of the initiators of the European Press Prize, a European prize for quality journalism that was launched in 2012. The foundation's policy is recalibrated on a regular basis to be able to respons to current events or developments. Spendings For the year 2019 the Democracy and Media Foundation has budgeted an amount of €2500.000,- for granting financial support to projects, organisations and individuals that carry out her objectives. This excludes the office- and administrative costs for the office itself, budgeted at €850.000,-. Furthermore, it also excludes $500.000,- granted to the Media Development Investment Fund, part of a multi-annual grant (2015-2021) which adds up to a total of $3.500.000,-. The granting percentage in 2018 was low; merely 19 percent of the proposed projects received financing. Due to an increase in the amount of proposals this percentage has decreased further in the last couple of years, presumably (among others) because of the increased visibility of DMF. In 2017 the percentage was 18,6 and in 2016 it was 27,5. Here you can find a list of initiatives and organisations that have received financial support from the Democracy and Media Foundation in 2019. Governance code The Democracy and Media Foundation has drafted a governance code, which has been underlined and signed by the Supervisory Board and the director. In addition to these statutes, this code indicates ways in which the director and the Supervisory Board should function. The code also contains regulations regarding conflicts of interest, that states that the director or the Supervisory Board will not participate in the discussion and decision making regarding topics in which they might have a conflict of interest. Financial policy The policy of investment from the Democracy and Media Foundation is mainly focused on maintaining its the foundation's capital. The capital gains are employed to realise the objectives of the foundation. Depending on the gains, the investment budget might vary on a yearly basis. If the results disappoint, the Democracy and Media Foundation is willing to (temporarily) eat into her capital, to be able to keep realising her objectives. Asset management The capital of the Democracy and Media Foundation is managed by the asset management companies ABN AMRO MeesPierson and IBS Capital Allies. They receive compensation in accordance to the sector. Their mandate is based on the investment stature (Beleggingsstatuut) of the foundation. Annual financial statement The financial statements by the Democracy and Media Foundations are drafted by Kop of Munt. The financial statements are audited by Kamphuis en Berghuizen Accountants. The abbreviated 'costs and benefits' for 2018 can be found here and the one for 2019 can be found here.