Finance and procurement
Finance
Holding a Zewo certification since 2019, LWF World Service is committed to handling finances with integrity, accountability and transparency. Donors can trust that their support reaches the communities that are most in need.
2023 Financial Overview
Ensuring a sustainable future
The LWF World Service financial statements consistently show that out of every euro spent, at least 89 cents go directly towards helping the most vulnerable people, the refugees, IDPs, returnees and communities at risk who are at the center of our strategy.
LWF World Service has a proven track record of using donations efficiently and effectively. We keep administrative costs low with a clear objective of putting more funds on direct program expenses.
We are pleased to report that our funding has remained strong in the year 2023, despite a decrease by 9% compared with 2022 from Euro 170 million in 2022 to Euro 154 million in 2023. The funds came from the long-term supporters, the Related Agencies and the Lutheran member churches who have traditionally funded the diaconal work of the LWF. Other important funding sources were the United Nations and Government agencies who have consistently supported our humanitarian and development work over the years. Expenditures from received funds were in line with the 2019-2024 strategy. We thank you and we cherish all of our supporters.
Procurement
LWF World Service procurement practices use the most efficient and effective controls and models, ensuring both donor compliance and value for money in our work of solidarity with the most vulnerable.