Donations and other income enable TTTI to fight corruption. TTTI needs to secure the funding necessary to undertake its vital work. Secure and diverse funding enables TTTI to maintain its independence, protect its reputation and operate effectively.
TTTI is funded from diverse sources: foundations, the private sector, individuals, membership fees, income from publications, events and other activities. Relying on many sources of income helps TTTI to maintain its independence. Funding may be unrestricted or tied to specific projects.
TTTI must not risk jeopardising its reputation for honesty, openness and integrity. Its reputation could be compromised if it received funding from sources that were perceived to be pursuing activities inconsistent with TTTI’s and TI’s mission.
It is TTTI‘s policy to accept funding from any donor and whether monetary or in kind, provided that acceptance does not: – impair TTTI’s independence to pursue its mission – endanger its integrity and reputation.
This Policy applies to all fundraising for TTTI, regardless of types of donor or amounts involved, unless otherwise stated in this document. It is to be applied to all new funding from existing donors and to all new donors in the future. It does not apply to income raised from the sale of publications or from fees for participation in conferences, events and other activities. Appropriate care to protect the reputation of TTTI and TI should always be taken.
Funding to enable TTTI to carry out its work should be sought from a wide range of sources. Care should be taken to ensure that project-related funding does not result in undue influence over TTTI’s programme work. Subject to maintaining TTTI’s independence and reputation, TTTI may accept funding from all kinds of sources.
TTTI should list all donations over $10,000.00 and publicly disclose them, including in its Annual Report and on its website. If there is a significant risk that receiving funds from a particular source would impair TTTI’s independence or if there is a significant risk to TTTI’s reputation from public association with the donor, then funding from that source must not be accepted.
Any donation to TTTI must be able to stand up to public scrutiny. TTTI’s independence requires that a donor may be subject to the same criticism by TTTI as any other organisation or individual in a comparable situation. A donor accused of having been involved in corruption can expect no protection from TTTI.
TTTI can receive funding from corporations and donors from the private sector. This does not imply any endorsement of a donating company’s policies or record. It is advisable that a potential donating company has made a public commitment to ethical standards (such as the UN Global Compact, the Business Principles etc.), and TTTI may request that corporate donors sign a commitment to integrity before any donation from that company is accepted. TTTI should not accept a donation from a company that is found to have engaged in corruption unless the company can demonstrate that this was a violation of the company’s policies, that breach of these policies is being addressed in an appropriate manner, or that its policies have been amended to proscribe a similar violation in future. TTTI works with companies on the understanding that they are working towards a business environment in which bribery is not accepted.
It is the responsibility of the staff and Boards of Directors of TTTI to ensure that TTTI’s independence and reputation are not jeopardised.
If any staff or Board member of TTTI is concerned that there is a threat to TTTI’s independence or reputation from donations already received, or about to be accepted, the person(s) should draw this to the attention of the manager or Chair of the Board of TTTI.Introduction Donations and other income enable TTTI to fight corruption. TTTI needs to secure the funding necessary to undertake its vital work. Secure and diverse funding enables TTTI to maintain its independence, protect its reputation and operate effectively. Background TTTI is funded from diverse sources: foundations, the private sector, individuals, membership fees, income from publications, […]&source=http://transparency.org.tt/who-we-are/donations-policy-and-guidelines/" target="_blank" title="Share on Linkedin">