Public Financial Disclosure | 2023 Financial Statements

Pursuant to Paragraph 3, Article 25 of the Act Governing Foundations, foundations shall proactively disclose the following information:

1. The materials in the preceding two paragraphs that have been filed with and acknowledged by the competent authority shall be disclosed within one month after such acknowledgment by the competent authority. However, for foundations endowed by the government, if their disclosure would jeopardize national security, diplomatic and military secrets, overall economic interests, or other major public interests, and with the consent of the competent authority, they shall not be disclosed.

2. The rosters of subsidies and donations received and subsidies and donations paid for the preceding year, disclosing only the names or titles of the subsidizers, donors, grant recipients, and donees, as well as the amounts subsidized, donated, or granted. However, if the subsidizer, donor, grant recipient, or donee has expressed opposition in writing in advance, or if disclosure would obstruct or seriously affect the operations of the foundation, and with the consent of the competent authority, they shall not be disclosed.

3. Other information designated by the competent authority as necessary to be disclosed within a specified time limit for the purpose of facilitating public supervision.

For foundations whose financial statements are required to be audited and certified by a certified public accountant under Paragraph 2 of the preceding article, the competent authority may establish a website and require them to upload all or part of the information required to be proactively disclosed under the preceding paragraph to that website for disclosure.

Regulations governing the format, items, compilation methods, matters to be recorded, and other compliance requirements for the work plans, budget estimates, work reports, and financial statements that foundations under the preceding paragraph are required to submit to the competent authority for filing pursuant to Paragraph 1 shall be prescribed by the competent authority.