The year 2013 saw an increase in incidental and structural grants from various foundations in the Netherlands and abroad. In 2013, War Child Holland and War Child Canada jointly signed a partnership agreement with the IKEA Foundation for € 1.5 million to implement a project in South Sudan.
We also signed a contract with the CISCO Foundation for project funding. In 2013, we deepened our investment in building new relationships with foundations in the Netherlands and internationally, which we expect will lead to increased income from this segment in 2014.
War Child was very successful in its approach to foundations in 2013, both in the number of approved proposals and in the value of approved proposals. Additional potential to increase incidental and structural grants from various foundations in the Netherlands remains, and we have invested in extra capacity to capitalise on this potential by hiring an additional employee who will start in April 2014.
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