Funding and Finances
Positive Money Europe is a not-for-profit association (ASBL) which receives the majority of its funding from a number of philanthropic foundations, and a few individual donors (see details below).
Positive Money Europe’s expenditure in 2019 was €101,972, mainly covering two staff positions, the cost of an office in Brussels, two research projects, and other costs related to our activities.
See our funding and spending allocation below:
Read our 2019 Annual Report
LIST OF FUNDERS FOR 2018 - 2019:
We are very grateful for the support of all our funders, without whom our work would not be possible. In the financial year ending 31 Dec 2019, Positive Money Europe received the following sums:
Open Society Initiative for Europe (€62,108)
Positive Money Europe has received two grants from Open Society Initiative for Europe. The first one covered the project “Civil Society Voices in Eurozone reform and the European Central Bank” running from October 2018 until May 2019. This sum was granted to Positive Money UK and earmarked for Positive Money Europe’s activities. In 2019, we received €16,451 of funds from this grant.
In October 2019, we received a new grant from OSIFE directly, to support the core activities of Positive Money Europe, running from 2019 until 2022. In 2019, we received €45,657 of this grant.
European Climate Foundation (€43,114)
In 2019, Positive Money Europe received €43,114 of funding for the project “Green Monetary Policy in Europe” under a grant from European Climate Foundation to Positive Money UK, the majority of which was earmarked for Positive Money Europe’s activities.
Partners for a New Economy (€22,396)
In 2019, Positive Money Europe received €22,396 of funding under a multi-year grant from Partners for a New Economy to Positive Money UK, running from 2019 – 2021, which had some funds earmarked for Positive Money Europe’s activities.
Individual donors (€10,356)
In 2019, Positive Money also received €10,356 in donations from several private individuals.
PREVIOUS YEARS - 2018
Positive Money Europe’s budget for 2018 was €72,320, mainly covering two staff positions, the cost of an office in Brussels, one conference, and other costs related to our activities. See our spending allocation below:
NOTE: Until January 2019, Positive Money Europe’s activities were incubated by Positive Money Ltd, with all finances and operations hosted at the UK company.
Grants income has therefore been provided as part of larger grants to Positive Money for both organisation’s work, including two grants (from Partners for New Economy and Open Society Foundations, and private donations (€10,000). Some of those grants include some restricted costs to be incurred in 2019.
In January 2019 Positive Money Europe became established as a new non-profit company under Belgian law (ASBL), and has its own set of separate accounts now.
For more on Positive Money UK’s finances, please click here.