Consolidated income for the year was EUR 170 million. This was a decrease of 6% from the previous year.
The main sources of unrestricted income were membership fees from the LWF member churches, distribution from the LWF Endowment Fund; main sources of program funds were church related organizations, the United Nations agencies (in particular, UNHCR), European Union governments, the United States of America government, ecumenical partners, as well as individual donors.
![LWF Council 2022 - Session on finances, budget and Endowment Fund during the LWF Council 2022 in Geneva. Photo: LWF/S. Gallay Session on finances, budget and Endowment Fund during the LWF Council 2022 in Geneva. Photo: LWF/S. Gallay](/sites/default/files/styles/ino_plain_1x_xs/public/2024-04/LWF%20Council%202022%20-%20June%2009%20-%2008%20Finances%20Report%2002.jpg.webp?itok=MddXTspQ)
Session on finances, budget and Endowment Fund during the LWF Council 2022 in Geneva. Photo: LWF/S. Gallay
Expenditure for the year was EUR 177 million, which is the same as was spent in 2022. This expenditure was mainly for implementing the programmatic work of the LWF as well as for infrastructure costs.
The total income for the year was EUR 7M lower than the total expenditure. This primarily stems from operations at the Augusta Victoria Hospital which were significantly impacted by the war in Gaza, leading to increased costs and a decrease in revenue. The shortfall in income was covered by the restricted reserves of the AVH.
The 2023 consolidated financial reports were audited by PricewaterhouseCoopers SA from Geneva, Switzerland. The accounts were issued on 29 May 2024.
LWF’s consolidated financial reports are prepared in compliance with the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS) and the Swiss regulatory standards.
The LWF Endowment Fund
Established in 1999, the LWF Endowment Fund (LWB Stiftung) provides financial stability for LWF’s work. On 31 December 2023 total assets of the fund amounted to CHF 14.5 million. Part of its investment income is allocated annually to the program and project activities. The Endowment Fund board approved a distribution of CHF 91,332 to LWF’s budget for 2024.
![Gift of faith Gift of Faith](/sites/default/files/styles/ino_plain_1x_xs/public/2024-02/49621890813_00c8267707_o_0.jpg.webp?itok=eSsqXSI8)
Donations and Payments
Visit our Payment page for other payments including membership fees, archives, publications
- Gift of faith
- Support humanitarian and development projects
- Support member churches
- Support theology projects
- Invest in the future
For questions, please contact us via our form or at [email protected]
![Support our Humanitarian and Development work](/sites/default/files/styles/ino_plain_1x_xs/public/2024-04/global_aboutus_communion_Bowl%20and%20bread%20and%20stones_1_3.png.webp?itok=s-WHeBJl)
Endowment Fund
Help ensure a strong financial future for the LWF.
Our Endowment Fund provides extra support for LWF activities over the long-term.
Contacto
Get Involved
Share with us your stories, photographs and insights using the #LWF