Financing
The EPC's funding sources
The EPC is committed to sound financial management and to transparency in respect of its funding sources.
The EPC's income in 2010 totalled €2,457,666. Approximately one-third of the EPC's funding comes from the strategic partners, the Compagnia di San Paolo and the King Baudouin Foundation. In 2010, these organisations awarded the EPC a total in grants of €700,000. These are untied funds; i.e. a general contribution to the EPC's operating costs which are not tied to specific activities.
In addition, the Calouste Gulbenkian Foundation awarded a grant of €100,000 to support the Europe in the World programme.
Click here for more information about the strategic partners.
Another one-third of the EPC's funding comes from membership fees. In 2010, the total income from membership fees was €745,968.
Click here for information about EPC members, the fees and benefits.
Click here for information on all the organisations which made a significant contribution to the EPC's budget in this category in 2010.
For several years now, the EPC has received an operating grant from the EU budget under the "Europe for Citizens" programme, alongside other similar think tanks and civil society organisations. This grant is untied and does not in any way affect the EPC's independence from the EU institutions. In 2010, the EPC received a grant of just 5% of our total budget.
Approximately 73% of the EPC's income is in the form of untied funding, with the remaining 27% tied to specific activities.
Audit report
Click here for the annual accounts for the last financial year and the auditor's opinion. The EPC's auditor is David Lipton, Réviseur d'Entreprises.
The Governing Board (conseil d'administration) is made up of non-executive directors (administrateurs) and is responsible for the overall management of the EPC, although day-to-day management is assigned to the Chief Executive (administrateur délégué), who is a member of the Board and accountable to the Board for his actions (in line with Belgian law). The Board in turn is accountable to the General Assembly.
The only overlap between the membership of the General Assembly and the Governing Board is that the Chairman of the Board is an ex officio member of the General Assembly.