ANBI-info 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 1 2016 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: Otto Beelaerts, ABN AMRO MeesPierson Tanja Haremaker, Mazars Accountants Pieter van der Korst, Lemstra en van der Korst Advocaten Esther van Munster, Triodos MeesPierson Sustainable Investment Management Paul Nielen, Nielen Schuman Jan Willem Nieuwenhuys, ASN Vermogensbeheer 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 The Democracy and Media Foundation intends to spend €2.000.000,- in the year 2017 on granting financial support to projects, organisations and individuals that carry out her objectives. Furthermore, $500.000,- will be 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,-. It is expected that about €750.000,- will be spend on algemene kosten overhead costs, among which: staff costs, travelling costs, advisory costst, depreciations and accountant and administrative costs. Here you can find a list of initiatives and organisations that have received financial support from the Democracy and Media Foundation in 2016. The list for 2015 can be downloaded here. 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 Triodos MeesPierson and ASN Bank. 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 The financial statements are audited by Mazars Accountants. The provisional draft of the abbreviated ‘costs and benefits’ for 2016 can be found here.