Difference Foundation

03 — Financial Plan

Financial plan

A minimal-cost operating model, focused on funding the projects that actually move the metrics.

Internal expenses plan

Based on minimal costs of the organisation, with an unpaid board but paid service providers for research, secretarial, marketing, consultancies and professional legal / auditing support.

  • For the startup phase, this will comprise around 50% of the top-line budget.
  • Once full operations have commenced, the target for Internal Expenses will be less than 15%.

External budget

Focused on funding projects, initiatives and / or companies aimed at successfully implementing our strategy — and that fit our strict selection criteria for funding and research partnering.

How we fund the work

  • DIFFERENCE will leverage its funds with cash and in-kind contributions from private and public project funding sources.
  • On the basis of our published General Financial Plan, we seek funding from credible and accredited institutional partners and HNWI / Family Offices and others that believe in our cause.
  • Anchor funding is provided by HNWI in the health community and the Insurance industry.
  • We will also source international funding as the focus of our cause is crossing borders.
  • Currently ABN AMRO has been appointed as our Bank for our national and international transactions and depository of accounts.

Donor traceability on-chain

Blockchain implementation will provide granular traceability to donors in respect of the:

  • Application of their funds.
  • The resulting Impact and Outcomes.