CBF certification
CBF certification
As of July 1, 2016, we as CMTC-OVM organization received the CBF certification!
What does this CBF mean?
The Central Bureau on Fundraising (CBF) (Dutch organisation) is an independent foundation which has been monitoring fundraising by charities since 1925. The CBF’s task is to promote trustworthy fundraising and expenditure by reviewing fundraising organizations and giving information and advice to government institutions and the public. When a charity has a CBF Certificate (CBF-Keur), issued by the Central Bureau on Fundraising (CBF), you can trust that the organization has been closely reviewed.
An important criterium is that the costs for fundraising of the charity expressed as a percentage of the revenues from its own fundraising in any one year, may not amount more than 25% of the revenues from its own fundraising. Furthermore the board must consist of independent persons.
And for a clear insight in the financial records, every financial report must be drawn up according to the same principles.
