The EPC's funding sources
The European Policy Centre (EPC) is committed to sound financial management and to transparency in respect of its funding sources.
The EPC's total income in 2013 was €2,366,771. Approximately 30% of the EPC's funding in 2013 came from grants, from European foundations mainly the EPC's strategic partners, the King Baudouin Foundation and the Compagnia di San Paolo. In 2013, these organisations awarded the EPC grants amounting to €550,000. These are untied funds; i.e. a general contribution to the EPC's operating costs which are not tied to specific activities.
Click here for more information about the strategic partners.
For several years now, the EPC has been receiving an operating grant from the EU budget under the "Europe for Citizens" programme, alongside other similar think tanks and civil society organisations. This grant is untied and in no way affects the EPC's independence from the EU institutions. In 2013, the EPC received a grant of €120,000.
Another 30% of the EPC's funding came from membership fees. In 2013, the total income from membership fees was €725,103. Click here for information about EPC members, the fees and benefits.
The remaining 40% of the EPC's funding came mainly from contributions to its programmes. Click here for information on all the organisations which made a significant contribution to the EPC's budget in this category in 2013.
Click here for the annual accounts for the last financial year and the auditor's opinion. The EPC's auditor is Saskia Luteijn Bedrijfrevisor Burg. BVBA.
The Governing Board (conseil d'administration) is made up of non-executive directors (administrateurs) and is responsible for the overall management of the EPC, although day-to-day management is assigned to the Chief Executive (secrétaire général), who is accountable to the Board for his actions (in line with Belgian law). The Board in turn is accountable to the General Assembly.
The only overlap between the membership of the General Assembly and the Governing Board is that the Chairman of the Board is an ex officio member of the General Assembly.