Charity / Foundation
The Charity Foundation of IWC Sofia
A registered Bulgarian foundation with a clear job: move money from the club's fund raising into well run local projects.
Legal identity
The Charity Foundation of the International Women's Club Sofia is a registered Bulgarian foundation. It is entered in the central register of non profit legal entities and operates as the charitable arm of the club. The foundation is separate from the membership club, which allows it to receive donations, hold charitable funds and report on grants.
The foundation's registered seat is in Sofia. The club office is the first point of contact for correspondence and enquiries about its work.
What the foundation does
| Area | Responsibility |
|---|---|
| Fund holding | Receives donations, bazaar proceeds and other charitable income. |
| Grant making | Reviews proposals from Bulgarian organisations and awards grants within the agreed focus areas. |
| Monitoring | Follows the use of grants and collects reports from partners. |
| Reporting | Accounts for charitable income and reports to the board, members and donors. |
What the foundation does not do
- It does not run projects directly. Partners deliver the work on the ground.
- It does not use charitable funds for the running of the membership club.
- It does not make grants to individuals.
- It does not promise funding before a proposal has been reviewed.
The grant process
- The foundation announces a call for proposals when a funding round opens.
- Bulgarian organisations submit a project proposal and budget.
- The charity team reviews the proposal against the focus areas and the available funds.
- The board approves the selected projects and the foundation issues a grant agreement.
- The partner delivers the project and reports on the results.
Accountability
The foundation's credibility depends on careful records and honest reporting. Donors want to know that their money reached a project. Partners want to know that the process is fair. Members want to know that the bazaar's success becomes something useful. Those expectations shape how the charity team works.
A separate purpose
Keeping the foundation separate from the club's social accounts protects both. Member fees pay for membership services; charitable income pays for grants.