Accountability of Funds
CATHOLIC FOUNDATION IS SET UP AS A COMPANY LIMITED BY GUARANTEE (CLG) AND A REGISTERED CHARITY IN SINGAPORE (UEN NO: 201231391K).
- Any activity or fundraising effort by the Catholic Foundation follows all guidelines and regulations spelt out in the Charities Act.
- Catholic Foundation is answerable to the Commissioner of Charities.
CATHOLIC FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS APPOINTED BY THE ARCHBISHOP.
The board consists of leadership priests, as well as professionals with relevant backgrounds such as accounting, legal, and corporate governance.
CATHOLIC FOUNDATION IS TRANSPARENT.
Information of how money is raised and used can be found on Catholic Foundation’s annual reports and communications with donors.
CATHOLIC FOUNDATION IS AUDITED.
The financial statements, as well as accounting and control processes of the Catholic Foundation, are audited by an independent auditor, Deloitte & Touche.