Hilltree Foundation has been established to be able to give back to society. During their lives the founders have been impressed by the passion and dedication of various people who are committed to strive for a better society, the well-being of others and sustainable nature conservation. Hilltree Foundation wants to support small-scale projects at home and abroad. The foundation wishes to help to make a difference by supporting projects initiated by enthusiastic people with few resources who have already made a relevant contribution to the well-being of others and their living environment. The foundation is mainly looking for projects which are instantly appealing and energizing for the members of the board.
2.1 Core principles
As included in Article 2 of the articles of association, Hilltree Foundation supports small-scale projects at home or abroad. An important condition for support is that these projects have been set up by individuals who have little financial means, but who have succeeded, through their dedication, creativity and perseverance, to bring about a significant improvement in the living conditions of other people. The objectives of the projects can vary, but should always serve the public interest: the project could have been started to alleviate the suffering of people who are physically and/or mentally vulnerable or to offer people better prospects for the future and development opportunities. Projects for the promotion and protection of animal and nature conservation are also eligible. Of course, this also applies to projects that deal with a combination of the aforementioned objectives.
The financial support of Hilltree Foundation varies per project. The board is regularly informed on the progress of the projects that have received funding.
With its objectives, Hilltree Foundation wants to serve the public interest. The foundation is a non-profit organisation. All proceeds will be entirely used to finance projects that fall within the objectives of the foundation.
A positive liquidation balance must be spent on behalf of an ANBI with a similar objective or a foreign institution that exclusively or almost exclusively serves the public good and that has a similar purpose.
3 Policy / Policy intentions 2018/2019
3.1 Activities of the foundation
The foundation carries out the following activities: identifying, assessing and financing projects that qualify for support, as well as giving advice if appropriate. As a result, the foundation contributes to the realization of the objective as stated in article 2 of the articles of association.
3.2 Recruitment and management of funds
The foundation does not raise funds. The management of the assets of the foundation is outsourced to an independent professional asset manager supervised by DNB and/or the AFM.
The board consists of at least 3 people and has a chairman, a treasurer and a secretary. The chairman chairs meetings in which both policy and individual projects are discussed and assessed. The treasurer supervises the management of the assets and the conduct of a proper administration. The secretary conducts and/or supervises the secretariat, including correct execution of decisions taken by the board.
The policy aims at spending at least the annual return on the assets on projects that fall within the objectives of the foundation.
The management costs of the foundation will not exceed 1% of the assets.
3.3 Assets of the foundation
The institution does not hold more capital than is reasonably necessary for the continuity of the planned activities for the objective of the foundation.
Annually a balance sheet and a statement of income and expenses are drawn up by an external auditor.
3.4 Policy for spending
The foundation spends the acquired funds in accordance with the objective.
3.5 Possessment of the assets
Following Article 6 of the foundation’s articles of association and its actual activity, no (legal) person has decisive control within the institution. Thus, no (legal) person is able to dispose of the assets of the institution as if it were equity.
4.1 Remuneration policy
The members of the board receive no remuneration for their activities. Expenses incurred in the context of exercising a board function are reimbursed, if not excessive. The foundation does not employ any personnel.
4.2 Description of administrative organization
The board of Hilltree Foundation consists of:
Elsbeth van Rhijn: Chairman
Lodewijk van der Heijden: Treasurer
Paul Hugenholtz: Secretary
The administration of the foundation is conducted by Administratiekantoor L.G. van Kan B.V.
The financial statements of the institution are drawn up by the L.G. van Kan B.V.
The institution complies with the obligatory publication of a website: www.hilltree.org