Financing

The EPC’s funding sources in 2017


The European Policy Centre (EPC) is committed to sound financial management and to transparency in respect of its funding sources. In line with its mission statement, the EPC is an independent think tank and none of the financing it receives affects its independence in any way. By the same token, any financial support received for EPC activities, including publications, does not commit the funding organisations in any way and the views expressed are solely those of the authors.

The EPC's total income in 2017 was €2,549,826. The EPC ended the financial year 2017 with a surplus of €56,268, bringing the equity capital to €2,479. See below under audit report for more details.

Approximately 50% of the EPC's funding in 2017 came from grants from the following sources:

  • The King Baudouin Foundation, the EPC's strategic partner, awarded the EPC a grant of €350,000. Click here for more information about the King Baudouin Foundation.
  • The Stiftung Mercator awarded the EPC a grant of €385,060 for the Connecting Europe project
  • The Europe for Citizens programme: the EPC received an operating grant of €250,000 for 2017 under the "Europe for Citizens" programme, alongside other similar think tanks and civil society organisations.
  • The New Pact for Europe project, a pan-European project supported by a consortium of European foundations, led by the King Baudouin Foundation and the Bertelsmann Stiftung.
  • The FutureLab Europe programme, which is supported by a consortium of European foundations.
  • The EPC received €150,000 in 2017 from the Adessium Foundation to support two programmes: European Politics & Institutions and European Migration and Diversity.
  • A donation of €50,000 was received from Cariplo for the years 2016 and 2017.

Another 24% of the EPC's funding came from membership fees. In 2017, the total income from membership fees was just under €609,517. Click here for information about EPC members, fees and benefits.

The remaining funds came mainly from contributions from a wide range of organizations for its programmes in the form of support for events and publications. Click here for information on all the organisations, which made a significant contribution (€ 5,000 or above) to the EPC's budget in this category in 2017.

Audit report

Click here for the annual accounts for the last financial year and the auditor's opinion. The EPC's auditor is Saskia Luteijn Bedrijfrevisor Burg. BVBA.

The Governing Board is made up of non-executive directors and is responsible for the overall governance of the EPC, with day-to-day management assigned to the Chief Executive who is accountable to the Board for his actions (in line with Belgian law). The Board in turn is accountable to the General Assembly. Click here for information on the EPC’s governance arrangements.