Annual report
DE Foundation is fully sponsored by Sara Lee Corporation. As a non-for-profit organisation, the foundation receives an annual donation of € 1.2 million. This money is spent on coffee and tea projects in accordance with the strategy agreed upon by the DE Foundation Board. Part of the money is for organisational costs, such as travelling expenses and to pay for the Foundation's programme manager.
Download the annual report 2007-2008 of the DE Foundation (PDF)
Download the annual report 2006-2007 of the DE Foundation (PDF)
Download the annual report 2005-2006 of the DE Foundation (PDF)
DE Foundation's administration separate from Sara Lee Corporation
The administration is kept entirely separate from Sara Lee Corporation. All payments are done on the basis of formal contracts with project partners. This includes project planning, activities, responsibilities and budgeted expenditure. Payments are to international project partners and, only as an exception, to local partners. DE Foundation has no aim to build up capital. Due to the complex planning of some projects, a base capital is held in reserve.
Financial overview FY09 (Financial year)
The DE Foundation financial year FY09 runs from 1 July 2008 until 30 June 2009. This is the first year in which the foundation had, as foreseen and budgeted, more costs than benefits.
| Benefits | x € 1,000 |
| Sara Lee donation | 1209 |
| Fees & gifts | 2,5 |
| Interest | 19,7 |
| Total | 1231,2 |
| Costs | x € 1,000 |
| Projects | 1289,5 |
| Organisational costs | 164,4 |
| Total | 1454,9 |
| Result | (223,7) |
Our methods and philosophy
The DE Foundation works to further sustainability in mainstream coffee and tea, working in particular with small-scale producers. In 3-5 years projects we work to improve the quality of their produce, support the implementation of sustainable practices and create market access with better prices.
Project
To further sustainability of mainstream coffee & tea, DE Foundation executes projects all around the globe, working in particular with small-scale producers.