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WHERE THE FUNDS GO

International Programmes (Includes Child Sponsorship Programme and International Non-Sponsorship Development Projects). Donor  Care, Administration and Fundraising. Malaysian  Programmes (includes support for local NGOs, WVM's Tulid Community Development Programme and One Goal in Malaysia). Emergency Relief and Rehabilitation.

Read Our 2017 Annual Review

 

Accountability and transparency are cornerstones of World Vision’s work. As stewards, we work hard to ensure all resources entrusted to us are used in the most effective and efficient manner to ensure greatest impact for children and families. World Vision ensures that progress reports and financial statements are made available at the end of every project so you know exactly how the funds we receive are being used to help millions of people worldwide achieve self-sustainability.
 

Resource Governance

We are committed to accountable and transparent financial management and have taken measures to ensure proper governance, as outlined below:

 

1. Fund and Project Management

World Vision manages all projects and donations independently. Before supporting a project, World Vision Malaysia ensures funding availability and appraises plans and budgets based on need assessments. All commitments follow standard policies and procedures, with monitoring by World Vision Malaysia and the project country's World Vision office. Finished projects are evaluated for future improvement.

 

2. Cost Control

World Vision operations are bound by strict cost controls. Internal policies and procedures ensure that every Ringgit raised is properly used. World vision Malaysia has pledged not to use more than 20% of donations on administration and overhead costs. In 2017, 13.4% of donations collected were used for donor care, administration and fundraising, while 85.2% was used for community development, international relief and local charities.

 

3. Audit Committee

The committee comprises two Board members - Ms. Christine Ong May Ee (Chairperson), and Emeritus Prof. Dr. P T Thomas. The committee helps ensure adequate controls in World Vision Malaysia operations, looks into all audit matters, reviews financial statements, and considers the appointment of, and audit fees for, the external auditor. 

 

4. External and Internal Audit

World Vision Malaysia has appointed CAS Malaysia PLT to perform its annual financial audit. The World Vision International office and project offices worldwide have also established their own internal audit departments. Annual audits, including operational audits, are performed regularly.