The report covers the period from the very establishment of the Fund in 2018 and into the third quarter of 2021, and consists of two main parts: narrative report and financial statements.
Lesia Hasydzhak, Director of the Holodomor Museum International Fund, tells:
“Starting in March 2020, raising funds for non-health and non-life-support projects has been a challenge. That is why every hryvnia donated by benefactors became financial support to the Project from Ukrainian businesses that supported creation of the Holodomor Museum Main Exhibition following the first official presentation in 2019. It is an extremely valuable contribution to the Project, for which we are grateful to each of the thousands of Ukrainians.
In the narrative report you can find the history of the Holodomor Museum Fund establishment, resumption of phase II construction of the Holodomor Victims Memorial Complex, the Holodomor Museum itself, and boundaries of the parties’ responsibilities:
- The Cabinet of Ministers of Ukraine finances and takes responsibility for construction of the museum building;
- The Charitable Fund is responsible for financing creation of the Museum Main Exhibition with the raised charity non-public funds.
The Report also sets out the Holodomor Museum Fund’s mission: to be a partner to the State for implementation of the Project to create the world’s first modern museum complex commemorating Holodomor victims, in particular, its main exhibition according to the highest world standards.
Ivan Vasiunyk, Chairman of the Supervisory Board comments:
“The project to create the Holodomor Museum’s main exhibition is unprecedented and sustainable. It has been going on for three years and over two years of active, interesting and extremely intense teamwork lie ahead. Never before in the history of Ukraine have young Ukrainian museum workers and museum exhibit designers recognised in Europe and the world worked side by side on a museum project: Haley Sharpe Design, United Kingdom and Nizio Design International, Poland.”
The narrative report also contains sections telling about:
- the institutional activity (refers to a number of documents that guide the Fund in its operations)
- programme activities (provides principles and outcomes of fundraising projects)
- the launch and first results of the crowdfunding platform Grains of Truth (the platform developed by the Ukrainian IT company SoftServe as part of its CSR activities with creative digital agency Postmen responsible for branding and communication support)
- the Fund’s communication activity in the first three years of operation
- the image-building achievements (awards at the competitions Ukrainian Creative Stories 2021, XI Competition in Corporate Social Responsibility (CSR) Cases, national competition Charitable Ukraine 2020)
The second part of the Report contains comprehensive information on the Holodomor Museum Fund’s financial performance from 2018 and into the third quarter of 2021. During this period:
- UAH 31 million of funds was raised from private benefactors
- 4,500+ benefactors from around the world donated through the Grain of Truth crowdfunding platform;
- close to 40,000 benefactors from the parishes of the Ivano-Frankivsk and Ternopil-Zboriv Archdioceses of the UGCC and other parishes, who made charitable contributions online.
Another important section of the financial report deals with results of the audit of the Fund’s financial statements for 2019. The audit was carried out by Baker Tilly Ukraine LLC, a member of the Baker Tilly International Ltd global network. Independent auditors acknowledged that as of 31 December 2019, the Fund was operating in compliance with Ukrainian law and was not breaking it in financial reporting and accounting matters.
Between July and September 2021, as decided by the Fund’s Supervisory Board, the Fund’s annual financial statements for 2020 were audited by Deloitte & Touche USC LLC and a positive conclusion was obtained.
Thanks to the donations received, the Fund has already paid UAH 14.8 million to the international design consortium which is working on the design project of the Museum’s main exhibition. Before that, UAH 4.5 million more was spent on engaging
Nizio Design International and paying for its services during development of the architectural design of the Holodomor Museum building.
According to the schedule, by the yearend the Fund is to pay UAH 12 million more for the draft Introductory Artistic Concept of the Holodomor Museum’s main exhibition, the work on which is nearing completion and will be ready for public presentation in the near future.
Read the full text of the Holodomor Museum Fund 2018 to 2021 performance report >>
Share
