Financing the Journey
On Jan 1st 2019 the foundation has invested capital of 2 300 000 SEK (€ 230 000) and available in cash 500 000 SEK.
In September 2013, the association Kultur för Livet (Renewal Arts Sweden) decided to put their capital into creating the foundation “For a new world”.
The money had been a gift to the association after the sale in 2001 of Alnäs, the MRA home in Stockholm.
The remaining 3 148 000 SEK (slightly less than € 314 800) was invested securely in a way that was not contrary to the spirit of the purpose, but at a low interest.
Since 2013 some 348 000 SEK (approx. € 34 000) plus individual gifts has been used to launch the project of the internet platform “For a new world”. So far this includes 6000 volunteer hours and 375 hours of paid time for technical know-how at an average cost of 340 SEK/hour, in order to present the now available draft Alpha version.
A further 500 000 SEK (approx. € 50 000) is a rough estimate at the cost needed to bring about the second stage of the project. The foundation has decided to release that money from the invested capital in order to make sure that bills can be paid for the essential technical know-how but will depend to a very large extent on more volunteers to arrive at the goal.
By reducing the capital to 2 800 000 SEK minus 500 000 SEK = 2 300 000 SEK ( € 230 000) the foundation will be at the point where the interest will barely cover the essential, yearly administrative costs of different internet subscriptions, chartered accountant, some office and archive space, but will cover no paid help, of any kind.
The capital will therefore be reduced annually, unless people who believe in the project would like to help with financial gifts.