How we are funded
‘Compassion for Orphans’ is a registered charitable entity, under the Charities Act 2005.
To date ‘Compassion for Orphans’ has been funded entirely through donations. Whilst we are entitled to charge reasonable adoption programme fees, it has not yet been necessary.
Funds received are used to cover our operating expenses with any and all surplus funds being placed in a ‘reserve fund’. The reserve fund serves two purposes, firstly to ensure the financial viability of the organisation, and secondly to return all, or part of, the applicants ‘adoption programme’ fees (if any had been charged).
One of our aims is to increase the affordability by New Zealand families on average incomes. Our approach has been:
to challenge and remove all unnecessary costs
to minimise unavoidable costs e.g. for translations
to minimise our internal operational costs through efficient processes and systemisation
We are entitled to charge reasonable adoption programme fees and, whilst we have not yet had to do so, future circumstances may lead to the charging of fees being introduced.