Public Financial Disclosure ｜ 2024 Financial Statements

2024 Financial Statements

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

1. The information mentioned in the preceding two paragraphs that has been filed for record with the competent authority shall be disclosed within one month after such filing. However, this shall not apply to foundations funded by the government whose disclosure would prejudice national security, diplomatic and military secrets, overall economic interests, or other major public interests, provided that the competent authority has granted consent.

2. The lists of subsidies and donations received and grants and donations paid for the preceding year, disclosing only the names of the subsidizers, donors, grantees, and donees, as well as the amounts of the subsidies, grants, or donations. However, this shall not apply if the subsidizer, donor, grantee, or donee has expressed opposition in writing in advance, or if disclosure would obstruct or seriously affect the operations of the foundation, provided that the competent authority has granted consent.

3. Other information designated by the competent authority 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 and disclose all or part of the information required to be proactively disclosed under the preceding paragraph.

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