Financial Summary
The KiMe Fund was formed December 3, 2010 through a $5,000 donation to the East Tennessee Foundation (ETF), a 501(c)(3) nonprofit community foundation that was established in 1986.
The KiMe Fund has adopted the following Standards to ensure that funds are spent honestly, prudently and in accordance with statements made in fund raising appeals. The Fund will:
- Spend at least 65% of its total expenses on program activities.
- Spend no more than 35% of related contributions on fund raising.
- Avoid accumulating funds that could be used for current program activities.
- Prepare annual financial statements in accordance with generally accepted accounting principles.