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Does the money I give actually get through?
YES! World Vision manages all projects and donations independently and there are rigorous internal audit procedures to ensure the proper use of donations. In addition, audits are conducted every year to account for every dollar received and we have a policy of hiring auditors of the highest professional reputation to ensure our financial statements give a true and fair view of the state of our organisation. The Financial Statements for the Year 2011 were audited by Ernst & Young in accordance with the Hong Kong Companies Ordinance and Statements of Auditing Standards issued by the Hong Kong Institute of Certified Public Accountants.
Many donors have joined our Supporter Tours in which they have seen for themselves that not only does their money get there, but that it is wisely used to improve the lives of the children and their communities.
(To obtain a printed copy of the latest World Vision Hong Kong Financial Statements, please contact us on 2394 2394 )
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How much do you spend on overheads?
World Vision is committed to making the best use of its donations. During the 2011 financial year, administrative and fundraising costs were 2% and 2.8% respectively, while 95.2% of total revenue was allocated to development programmes and public education. Without the subvention of government, a certain amount spent on administrative costs is necessary to ensure that services are of good quality. Our rate compares favourably with similar organisations in Hong Kong that raise funds in the same manner and for the same purposes.
For emergency relief appeals, over 98% of donations are used directly for relief and rehabilitation work and less than 2% are spent on fundraising costs in general.
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Are my contributions to World Vision tax-deductible?
Yes, if your total annual charity donation exceeds HK$100, your contributions to World Vision are tax-deductible as per the Inland Revenue Ordinance. World Vision Hong Kong provides receipts for all donations, regardless of the amount. To encourage charitable donations, the HKSAR Government exempts up to 35% of assessable income or profits on donations to recognised charitable organisations. World Vision Hong Kong is one of these organisations.
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Is being or becoming a Christian a prerequisite for receiving help?
Being or becoming a Christian is never a prerequisite for receiving help. World Vision is committed to helping the needy in developing countries, regardless of religion, race, ethnicity or gender.
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How can I learn more about World Vision's funding allocation?
You can learn more about World Vision's funding allocation through the following ways:
- ShiQing and Vision Voice (World Vision's bimonthly Chinese magazine and English newsletter) - give donors an up-date on the latest news of developing countries and World Vision's global ministries.
- Annual Report - summarises World Vision's work and provides a financial report of the previous year. (Click to download Annual Summary Review 2011)
- Supporter Tours - donors can visit World Vision's projects in developing countries and witness in person how sponsors transform the lives of the poor.