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What is ASF doing to assure proper use of the donated funds?
The Albanian Scholarship Foundation has established the following safeguards to protect the misuse of funds:
  • Annually the Oversight Committee reviews ASF's activities and finances and submits a report which is available to the public
  • Funds are received only through legal means.  No cash-in-hand donations will be received.
  • Dispersing of scholarship funds is also processed in legal means, through bank-to-bank transfer.  When possible scholarship funds will be paid directly to the education institution where the scholarship winner is studying. 
  • ASF's Financial Reports will be made public.
  • Scholarship winners are also announced publicly.
  • Contracts are made between ASF and scholarship winners, spelling out the responsibilities of both parties.
 
For more read ASF's Transparency Statement .
Annual Financial Report
ASF's Annual Financial Report.


©2005 FSHB