All the NGOs Accredited by the Loyalty Foundation have been analyzed and comply with the 9 Principles of Transparency and Good Practices. These are recommendations that cover multiple aspects of the functioning of NGOs and that respond to the information requirements of donors when collaborating with them.
The Principles of the Loyalty Foundation do not constitute any type of legal regulation. It is the organizations that voluntarily decide to implement them in their management. For its design in 2001, the Foundation adapted internationally accepted standards to the reality of the NGO sector in Spain and current legislation. Its application places us at levels similar to those of other countries with a greater philanthropic tradition; in some of them, such as Germany or the United States, the transparency of NGOs has been externally assessed for over one hundred years.
Spanish donors are also increasingly demanding and require more information about the organizations with which they collaborate. In the case of NGOs accredited by the Loyalty Foundation, they know that these entities focus their efforts in the areas in which they have experience, that their communication is reliable and does not lead to error or that they can know the percentage of expenses that they allocate to their mission, among other indicators. In order to offer them relevant and complete information, the Principles of Transparency and Good Practices of the NGOs are broken down into 43 subprinciples that specify and specify the general aspects to which they refer. In the case of NGOs with a budget of less than 300,000 euros and that do not have related entities, an adapted methodology is applied in their analysis, which includes 35 of the 43 subprinciples.
Know what the 9 Principles of Transparency and Good Practices of the Loyalty Foundation are and what they are.