Foundation>> Funding

FUNDING OF THE KOVACS FOUNDATION

To sustain Foundation activities, several forms of funding have had to be established.

Moreover, the Institution understands that non-profit organizations must guarantee an optimal management even more rigorous than that employed in for-profit organizations, since any inefficiency in the handling of its resources, rather than a reduction in profits, entails instead a reduction in its activity. As a result, it reduces its usefulness to society and thus questions its very reason for being.

Furthermore, the Foundation believes that non-profit organizations should take measures to ensure the transparence of their financial management, with particular zeal, as that also benefits the effectiveness of their management. To this end, the Foundation subjects itself voluntarily to strict mechanisms of control.

Thus the following are discussed:

1. Origin of Funding

2. Control Mechanisms