Triggerise Stichting is a Public Benefit Organisation (ANBI)* governed by the laws of the Kingdom of The Netherlands. Triggerise Stichting serves the public interest and does not aim to making profit.
The official name of the Foundation is Triggerise Stichting. The official seat of the Foundation is:
Mauritskade 63, 1092 AD Amsterdam, The Netherlands
The objectives of Triggerise Stichting are to create, foster, invest and/or manage businesses and philanthropic solutions to under-served market segments worldwide.
Board of Directors:
- Iulian Circo
- Benoit Renard
The Supervisory Board shall establish the remuneration and benefits of Board members. Currently and previously the directors earn no salary as directors of the Stichting. The Stichting has no employees.
Chair of the Supervisory Board:
Triggerise Stichting is funded by donations from Donors. These include long term funding agreements signed for funding from The Ministry of Foreign Affairs of the Kingdom of The Netherlands and The Bill and Melinda Gates Foundation. These donations are part of larger consortia led by PSI or Cordaid. In 2017 Triggerise Stichting signed a donation contract with The Children’s Investment Fund Foundation for direct funding.
All operational activities under the donations contracts and the associated costs are performed by Triggerise BV a 100% subsidiary and management company of Triggerise Stichting, established in Amsterdam. On a yearly basis Triggerise Stichting invoices the Stichting for the incurred cost plus a markup. Other than this the Stichting itself incurs very limited costs as its Boards of Directors and Supervisory Directors receive no salaries.
Triggerise BV builds technology that is open source and is intended to have a social impact, including Movercado, our flagship technology platform. Further Triggerise BV recruits, manages and invests in operational resources required by any of the mentioned projects. Triggerise BV has set up subsidiaries in Portugal, South Africa, Kenya and India to support it in carrying out its activities in these countries. The current costs structure consist of salaries related to Triggerise BV and it subsidiaries staff working on projects, as well as operational expenses.
Triggerise BV finance some of these costs through contract activities with various partners, however as the costs of Triggerise BV’s development of software and its operations exceeds the project-based revenues Triggerise Stichting obtained and seek further funding by sponsors on a long term base.
The amount we received as part of donations amounts to EUR 997 thousand.
The net loss of EUR 419 thousand was mostly covered by PSI who contributed EUR 325 thousand to the reserves of Triggerise in the first 6 months of 2016. From mid 2016 Triggerise had the donation contracts in place and was able to fund our activities through the donations and contract activities.
Triggerise Stichting is currently implementing projects (through its subsidiaries) in the following locations:
Burundi, India, Kenya, Mozambique, Nigeria, Tanzania, Uganda Tanzania, Malawi, Ethiopia, South Africa and Haiti.
These projects are implemented in cooperation with partners and involve specific applications that include:
- Building and management of reward-based eco-systems;
- Health Companions;
- Management of referrals and voucher systems;
- Management of community-based networks, including micro-entrepreneurs.
Our work is made possible through the Funding received from:
- Ministry of Foreign Affairs of the Kingdom of The Netherlands
- The Bill and Melinda Gates Foundation
- The Children’s Investment Fund Foundation
* As defined Article 5b General Tax Act, articles 1a / m 1st Implementation General Tax Act 1994, specifically Section 1a, paragraph 3, letter j and 7.)