Finance in 2021

Financial Accountability

In 2021, the LWF spent 86 percent of its total operating expenses in initiatives that directly benefited people confronted with varying humanitarian need, and in strengthening the churches’ capacity for holistic mission.

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

LWF Finances

In 2022 LWF total income was EUR 178 million, which was EUR 15 million or 8 percent higher than the previous year.

The LWF spent EUR 176 million to implement its programs and projects around the world. The overall annual expenditure grew from EUR 153 million in 2021, representing a sixteen percent increase.

The growth was mainly driven by more designated funding to LWF’s humanitarian response, response to the situation in Ukraine, additional funding for mission-related work and revenue from patient services provided by the Augusta Victoria Hospital (AVH) in Jerusalem.

LWF Annual Report 2021 - Income by Source

LWF Annual Report 2021 - Income by Source

LWF Annual Report 2021 - Expenditure

LWF Annual Report 2021 - Expenditure

LWF Annual Report 2021 - Expenditure by ZEWO Classification

LWF Annual Report 2021 - Expenditure by ZEWO Classification

Stewardship

The LWF is committed to responsible and accountable Christian stewardship in managing the funds entrusted to it. Assets are invested according to ethical and social criteria. We pledge accountability in the use of membership fees. We seek unrestricted revenue sources alongside on-going fundraising. We work towards a budget and operational plan that is balanced and sustainable.

Management and Control

The LWF operates in many difficult countries and is exposed to various financial risks that could adversely affect our financial results and performance. Risks are managed through an internal control system as per Swiss regulations.

Gift of Faith

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Endowment Fund

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Our Endowment Fund provides extra support for LWF activities over the long-term.

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