How is the Costa Foundation funded?
The Costa Foundation is funded through a number of mechanisms:
- Direct annual donation from Costa
- Match-funding by Costa Coffee
- Store Fundraising activities
- Individual team member fundraising outside of stores (i.e. sponsored walks)
- Adhoc customer donations
- Payroll Giving contributions
- Cause related marketing activity
- Donations from partner organisations and suppliers
- Annual national centrally driven campaigns
What are you doing to ensure the long term sustainability of the Foundation’s work?
The ‘grant-application’ process, which is there to provide additional resources for existing projects, has no time limit – this will ensure the long-term sustainability of the projects.
Examples of such grants are:-
- Colombia – extension of Anatoli School to provide kindergarten and primary school facilities including canteen and new playground.
- Uganda – All 10 of our Ugandan high schools have been expanded over the last 2 years including classrooms, boarding accommodation, teachers accommodation and water storage tanks.
- Vietnam – Expansion of 4 of our nursery schools due to increasing numbers of children, specifically at Eatar Nursery School, Cu Kuin Nursery School, Cu Pang Nursery School and Hoa Dong Nursery School.
How do you choose the projects you are working with?
The Costa Foundation works closely with a number of delivery partners all of which have a close relationship with the co-operatives, Local Authorities, Governments and communities in the countries we support. The decision-making process is based on the following criteria:
- Identifying a real need in terms of education
- Must be in coffee growing communities
- Identifying a strong partner to support the delivery of the project in the countries we support.
Where is the money going?
The Costa Foundation has supported 72 school projects in 10 countries around the world. Children are currently benefitting from Costa Foundation funded facilities in Colombia, Costa Rica, Ethiopia, Guatemala, Honduras, Peru, Uganda and Vietnam and Zambia.
How can you prove that the money the Costa Foundation invests is actually used for the projects?
- We work closely with our delivery partners who have long-term relationships with the Non-Government Organisations, Government, Regional and Local Authorities, Co-operatives and the communities. It is the delivery partners who are ultimately responsible for the day-to-day project management in the countries we are supporting.
- In certain countries, the Costa Foundation employs Project Managers who are responsible for all budget management throughout the project-build and beyond.
- Regular project updates are provided and there is a robust auditing process in place to evaluate and measure progress. The staged release of funds is based on achieving agreed project targets.
- Delivery partners are audited by the Costa Foundation annually to verify budgets, invoices and payments are accurate.
- Costa Foundation accounts are independently verified to ensure transparency of payments direct to the projects at source.