Where does my money go to?
1. Functioning of the SAN:
All income first serves the functioning of the SAN, as this is the basis to sustainably support IFSA, connect its Alumni and manage its Honorary members.
2. Forwarded to IFSA:
Following the SAN's functioning, 50% of the rest annual budget is directly forwarded to IFSA. Here, the IFSA Board decides on what to use the money for.
3. Alumni Network and grants:
The final rest annual budget serves the establishment of the IFSA Alumni Network. Further, the SAN may announce grants for specific IFSA purposes.
What is the SAN trust fund?
The trust fund functions as buffer for the SAN functioning.
In case a refund by a third party is confirmed in writing and approval by the Board, the trust fund can be used for the pre-financing of IFSA members’ expenses as confirmed by the third party. The refund goes straight to the trust fund.