Our revenue
In 2022 Friends of Europe’s funding revenue was € 6 316 645 . This money was contributed through participation fees (“memberships”), institutional and governmental subsidies, contributions to costs of events, reports or other projects.
Types of revenue
- Membership guarantees participation at all our debates, hard copies of our reports, and finally, networking opportunities. It goes without saying that Friends of Europe does not represent the interests of its members, most of whom in any case have competing or conflicting interests, and in that respect it is worthwhile stating that Friends of Europe members are paying an annual ‘participation fee’ without any other prerogative or role in the governance of Friends of Europe.
- Project sponsorship provides associated visibility linked to a specific project (such as a report or debate), and a possible speaking slot or op-ed contribution, with overall independence and balance of opinion contractually guaranteed by Friends of Europe.
- Programme/pillar partnership offers visibility and input into our annual work programme for a specific pillar or programme, again with independence and balance of opinion contractually guaranteed by Friends of Europe.
- Exceptional revenues (such as compensation of office rent, payment exchanges…)
Revenue breakdown
€6 316 645 broken down per source of funding as follows:
- European and international institutions: € 2 698 790 (43%)
- Diplomatic missions, national, regional and local authorities: € 1 885 695 (30%)
- Corporate sector (companies and trade associations): € 861 715 (14%)
- Private non-corporate (foundations and NGOs): € 584 141 (9%)
- Participation fees (“Membership”): € 286 304 (4%)
Membership guarantees participation at all our debates, copies of our reports, and networking opportunities. Friends of Europe does not represent the interests of its members, who pay an annual ‘participation fee’ without any other prerogative or role in the governance of Friends of Europe.
Membership fees are among the lowest in Brussels so as to stimulate as wide and heterogeneous membership as possible. Memberships are not ‘personal’, so any person employed by a member organisation can attend our debates and receive copies of our major reports.
Basic annual membership fees are as follows:
- NGOs: €550
- SMEs, trade associations, chambers of commerce: €1,070
- International organisations and diplomatic missions of G20 and European Economic Area (EEA) countries: €1,070
- Diplomatic missions of non-G20/EEA countries: €860
- Regional offices: €860
- Foundations: €860
- Corporations: €2,450
For project-related partnerships, Friends of Europe has opted from the beginning for transparent and open communication. All partners are systematically credited on the website and in our reports.
Project-related partners receive two key advantages: visibility in the communications campaign surrounding a debate or a report, and an opportunity to speak at an event or write for a report/publication.
Friends of Europe offers a platform to people from all backgrounds and opinion, including government and institution leaders, NGOs and lobbyists of all shapes and colours, but the editorial independence and the guaranteed balance of discussions are the exclusive responsibility of Friends of Europe, as contractually enshrined.
We write balanced reports or debate programmes, and bring in voices that disagree with one another. It is only by confronting ideas that Europe will find the best solutions for the challenges of our times.
It should be stressed that the objective of Friends of Europe’s activities is to foster discussion and debate among the EU’s leaders and citizens on the issues that shape their future and to debate and circulate useful ideas for a more forward-looking, inclusive and sustainable Europe, not to push any specific political or business interest
For the full details of revenues coming from Friends of Europe’s membership/participation fees, click here.
For the full details of other revenues, click here.
The Transparency and Independence Board helps define, refine and verify our credentials in terms of financial transparency and independence.
Fundraising guidelines
Financing is an essential part of any organisation’s existence, and Friends of Europe relies on it to be able to ensure the broadest possible platform for debate, reflection and analysis. To uphold our mission as an independent think-tank, we adhere to the following basic principles of independence and transparency.
Transparency: Friends of Europe openly credits all partners, and is transparent as to sources of its funding in relation to our various projects. We maintain open and direct visibility for all our partners.
Opposing views: Friends of Europe maintains partnerships with organisations and governments that clearly have opposing views. Offering a speaking slot to partners does not pose a problem in this respect, on condition that other relevant points of view are equally represented.
Editorial Independence: Friends of Europe remains at all times independent in its approach to any given policy issue. This principle is also legally enshrined in any contract with a partner: “Editorial and intellectual independence and the balance of events/reports shall at all times remain exclusive responsibility of Friends of Europe.”
Fundraising objectives
Inclusiveness: Friends of Europe’s main objective in fundraising is to finance the widest possible participation in high-quality debates and reports, combining the best available research, facts & figures. We aim to bring together all sides of a debate, and a spectrum of opinion that is as wide as possible. This includes conflicting political opinions, corporate as well as civil society and NGO voices, and a variety of specialists and media from throughout the world.
Communication: Friends of Europe’s activities are backed by our communications powerhouse to seek maximum exposure for its projects and therefore also for its authors, speakers and partners. That communication includes the publication and dissemination of articles and reports on our activities, available to our members and partners, the media and the general public. Adequate funding for this effort is highly important.
Reach: We aim to engage a wider audience beyond the “establishment” and the “Brussels bubble”, in an effort to inform people and fight political apathy and voter absenteeism. This is why we seek to expand paid partnerships across Europe and the world to extend our reach.
Independence and Transparency Board
To ensure the openness and independence of our organisation, Friends of Europe has created a panel of people from various walks of life to consider any potential issues. The board meets at least once a year in Brussels and whenever it is deemed useful.
The Transparency and Independence Board helps define, refine and verify our credentials in terms of financial transparency and independence.
As stated above, Friends of Europe welcomes as wide an array of opinions as possible, and we do not shy away from provocative exchanges between different stakeholders. However, we wish to clarify the following restrictions we have imposed on ourselves:
- Representatives from extremist parties which advocate racism, violence, or which have values that go against basic European values as delineated above, are not invited to write in our reports, to speak at our debates or to support our activities financially.
- In line with the WHO Framework Convention on Tobacco Control (FCTC), a legally binding international treaty that aims to reduce the damaging health and economic impacts of tobacco consumption, Friends of Europe refrains from working with the tobacco industry.
- While arms manufacturers can become members of Friends of Europe, a few limitations do apply. Friends of Europe will not offer them a high profile as partners of projects, nor accept partnership money from the production and sales of arms. As listed in SIPRI’s most recent annual report on arms producing, FOE defines “arms manufacturers” as any company having more than 50% of its sales coming from the production of arms. (FOE excludes companies only providing consultancy & IT services to intelligence agencies, armed forces or ministries of defence from this definition, such as BAH through whom FOE has received US government funding. SIPRI = Stockholm International Peace Research Institute).
- Friends of Europe refrains from accepting partnerships with fossil fuel firms which are responsible for the biggest cumulative carbon emissions as ranked by the Climate Accountability Institute. We will further adapt our fundraising policy in line with Client Earth’s report, Principles for Paris-alignment. This will allow us to look at the ‘Paris alignment’ or ‘net-zero’ strategies of fossil fuel companies and determine whether they are underpinned by basic principles of reasonability, transparency and accountability. This funding policy is specifically applicable to coal and oil companies. Many decarbonisation scenarios predict a role for natural gas in the transition to a climate-neutral Europe by 2050, therefore we do not automatically exclude natural gas companies. A decision to work or not work with a company is not permanent, since we understand that a company’s ambitions and approach to Paris alignment may evolve over time.
- Non-EU countries are eligible partners in an effort to engage in fruitful discussions that may help in certain cases at sharing best practices, or improving democratic and human rights conditions, as long as our intellectual credibility or that of a project are not endangered.