So how do RUF finances work?

Since RUF set out to fundraise for other organizations, we made a bold promise: all funds raised/collected from donations will be 100% pass-through. There are no RUF commissions, and we obviously take no "cut". This is of course, after all card processing and banking fees.

Since we work with money, one of the most important aspects for us is Transparency.

 

Three things to be said about RUF finances

1. We have a separate account for donations

In order to guarantee that all donations are 100% pass-through, we keep Donations and our Operational Funds in separate bank accounts. Learn More

2. We are 100% pass-through*

All operational expenses are covered by our Founding Angels. 100% of donations collected in our Donations account are sent to our Partners*. Donations that are not ear-marked for any one of our partners end up in the RUF General Fund, which is also a 100% pass-through account. The funds we have available in this account are used to match donations during our partners campaigns, or they can be used in a discretionary fashion to support a Partner project (but they will not be used for RUF operational expenses). Learn More

3. Our finances are audited

We have both internal (Board-level) audits and external audits. In 2021, the cost of an external audit that is being done is $7,000.

 

Important Notice

Mihai Lehene

About

Mihai is the Owner of MDL Investments, a real-estate and VC family-office with a focus on emerging technologies, including fintech, biotech and crypto. In 2020 Mihai resigned his business roles to run RUF, and in 2022 he was elected as President of FORA.