Funding
How is Micah Network funded?
Micah Network's initial funding was sourced from a private trust and from some of its initial members. A private trust has also generously donated funding to meet the International Coordinator's salary for the first two years.
The Micah Network aims to keep costs low, however as the network becomes increasingly active and embarks on more initiatives, funding from member organisations will be required to meet the cost of maintaining the coordination office and major initiatives of the Micah Network.
Membership contributions
Micah Network seeks to meet all of its core costs from member contributions and relies on some external funding to support new initiatives and key projects.
For 2006, the Micah Network Coordinating Group has set the following scale for membership contributions, in recognition of our members’ differing resources and with reference to our 2006 budget.
Associate membership
|
Type of Associate Member |
Suggested minimum annual contribution (USD) |
|
Agency or individual |
$50 - $1000 |
|
Theological college |
$100 |
|
Church |
$100 |
|
Network |
$100 to $1000 |
Main members
|
Member annual income (US$)* |
Suggested contribution |
|
Under $1 million |
$50 - $100 |
|
$1-3 milllion |
$500 |
|
$3-5 million |
$2500 |
|
$5-10 million |
$5000 |
|
$10-15 million |
$7,500 |
|
$15-20 million |
$10,000 |
|
$20-30 million |
$15,000 |
|
$30-40 milion |
$20,000 |
|
Over $40 million |
$25,000 |
*We also recognise that some implementing agencies who are part of Micah Network may have comparatively high annual income, but may have little discretionary income. In this case, we encourage the agency to determine an amount that is reasonable in these circumstances.
