GICF USA is committed to following biblical principles of financial stewardship, transparency and accountability. We undertake numerous activities to ensure that the donations we receive are used for the stated purposes of GICF (see our Mission Statement) and that all expenditures are approved and accounted for. We demonstrate our financial integrity through the following:
United States Tax Returns – GICF USA Inc. files form 990 “Return of Organization Exempt From Income Tax” with the US Internal Revenue Service annually. Click on the following links to view the returns from 2010, 2011, 2012, 2013, 2014 and 2015. Click here to see the IRS letter granting us tax-exempt status in the USA. GICF USA’s current financial statement is available upon written request.
Annual Budget Process – Capital and operating budgets for operations in Uganda are prepared each year and approved by the GICF Board. Actual expenditures are recorded and anomalies are investigated locally. In addition to records of expenditures, statements from the bank accounts in Uganda are reviewed on a monthly basis.
Subsequent to rigorous review, GICF USA Inc. has been accredited by and is a member of the Evangelical Council for Financial Accountability. Certification by ECFA demonstrates compliance with established standards for financial accountability, fundraising and board governance within our US-based organization.
How Is The Money I Donate Used?
Funds given to GICF are directly used to benefit the children through the operation of LCH. GICF activity in the USA is undertaken solely by unpaid volunteers, so approximately 97% of donations received are sent to Uganda and applied directly to our orphan care programs. Foreign missionaries serving at our overseas locations are all self-funded.
All donations are tax deductible in the USA and tax receipts are issued annually.
Grace International Childrens
Foundation USA, Inc. (GICF)
is a GuideStar Exchange Member.