What is the EFICO Foundation
EFICO Foundation is a private, non-profit foundation created in 2003 by Patrick F. Installé, late member of EFICO’s founding family. It is one of a kind in Europe in terms to structurally support coffee farmers and their families.
Today, about 40 roasters joined the EFICO Foundation, several governmental organisations participate financially or through their development agencies in projects, together with more than 60 different organisations.
All supported funding goes integrally to the projects, and EFICO commits to cover the operational costs of the Foundation. This gives you a unique way to make sure that 100% of your support goes directly to the projects.
EFICO FUND
In 2005 EFICO established the EFICO Fund within the King Baudouin Foundation, to monitor the administrative and financial operations of the EFICO Foundation. It gathers money from several sources of revenue (institutions, donations, coffee roasters, sales of EFICO Foundation labelled coffee) to allocate to projects. The fund consists of a Jury of experts that carefully select the projects and a Board that approves this selection.
The King Baudouin Foundation is a transparent, independent and public interest foundation, which supports projects and citizens committed to building a better society. As a Belgian organization, KBF also has a European and international scope. EFICO itself covers all the operational and fund-related expenses. 100% of the funds collected are destined for the projects.
Jury
The EFICO Foundation projects are being deliberated by a Board and a Jury.
The Board, appointed by the King Baudouin Foundation:
decides on the allocation of the EFICO Fund’s financial resources
appoints the Jury members
launches requests for new projects
follows the EFICO Fund’s operations
An independent Jury of experts, appointed by the Board:
selects and monitors the EFICO Foundation projects
evaluates its partners
