What are the responsibilities of the holder of a foreign fund-raising permit?
It is the responsibility of the permit-holder to maintain proper accounting records in respect of the fund-raising appeal as follows;
Names of the authorised persons who participated in the appeal;
Dates on which the appeal commenced and concluded;
Gross amount received from the appeal;
Amount of every item of expenditure disbursed from the funds raised;
The amount of net proceeds applied to the foreign charitable purpose for which the appeal was conducted and the means by which it was distributed; and
The amount transmitted to any person outside Singapore and to whom the money was transmitted.
The permit-holder must also ensure that all payments out of the funds raised are made with due care and the payment is properly authorized.
Related questions
What other information does the Fund-Raising for Foreign Charitable Purposes (FRFCP) permit holder need to take note of when applying for the permit?
Public fund-raising appeals for foreign charitable purposes require permits from Commissioner of Charities. Do organisations which intend to raise funds and channel the funds to such permit holder need to apply for permits?
What are the conditions for the issuance of a Fund-Raising for Foreign Charitable Purposes (FRFCP) permit?
Under the disclosure regime, what information will need to be disclosed on the Charity Portal before commencing the public fund-raising appeal?
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