Financials

At Ionic Alliance Foundation, we pledge to maintain effective outreaches by being good stewards of the resources entrusted to us. We have a responsibility to maintain integrity and openness in our financial practices. Therefore, we’re committed to fulfilling the following standards:

  • We are governed by a responsible board of directors. Our board establishes policies, sets budgets, oversees operations, and reviews organizational accomplishments.
  • Our financial statements are prepared in accordance with generally accepted accounting principles.
  • We receive professional tax services and obtain an annual audit in accordance with generally accepted auditing standards.
  • Our board appoints an audit committee to review the annual audit and tax filings.
  • Contributions to The Ionic Alliance Foundation are tax deductible to the full extent allowed by law.

At Ionic Alliance Foundation, accountability and transparency are an integral part of everything we do. From every purpose collective impact to restricted donation, Ionic Alliance Foundation’s Board of Directors may allocate between 12% and 20% of that donation to cover its administrative and fundraising costs. Ionic Alliance Foundation’s Board of Directors may allocate these funds to other worthy projects that help Ionic Alliance Foundation fulfill its global mission of helping children and families with their health needs.