How do I know if an organisation publishes its accounts in a transparent manner?

How do I know if an organisation publishes its accounts in a transparent manner?

In Belgium, there is no standard regulatory framework that applies to all philanthropic organisations in respect of accounting requirements, auditing and publicity:

  • The accounting requirements for non-profits, foundations and international non-profits vary depending on their scale (What are the accounting requirements for non-profits, foundations and international non-profits?).  
  • As far as publicity is concerned, all organisations must file their accounts with the commercial court. Only (very) large organisations are also required to publish their annual accounts at the National Bank of Belgium.
  • As regards verifying the accounts, the legal obligation to appoint an auditor is restricted to very large organisations.

Clearly, the concept of financial transparency can be understood in different ways. It can often be limited to “showing the numbers” with no further guarantee of objectivity or reliability. The Donorinfo foundation was established to address this situation. As far as Donorinfo is concerned, financial transparency means that a philanthropic organisation issues detailed accounts that have been independently audited and published in line with a standard financial model tailored for the philanthropic sector and the donor’s information needs. 

Give with confidence

We guarantee that all organisations listed on donorinfo.be are financially transparent. Every year, they send us their detailed annual accounts, which have been submitted for independent verification. These accounts are published on donorinfo.be using a model adapted to the charity sector and to donors’ information needs. You can encourage the organisations to continue these good practices by stating "via donorinfo.be" when making your bank transfer. Do you know an organisation that isn’t featured on donorinfo.be?

Release by DonorInfo - Last modification : 12/06/2015