90 Account
Wilhelm Foundation has a 90-account, which means that we are controlled by the Swedish Fundraising Control
Pg 90 05 44-8, Bg 900-5448 and Swish 9005448
U.S. 501(c)(3) equivalency
Wilhelm Foundation also holds an Equivalency Determination on file with NGOsource, certifying that we are equivalent to a U.S. public charity under section 501(c)(3).
What does a 90 account mean for the gift giveer?
90 account is a confirmation to the donor that the collection is being handled responsibly and that the money goes to the purpose without unreasonable costs. Wilhelm Foundation's finances are reported under the section "about the fund" but also on the Swedish Fundraising Control - Svensk Insamlingskontroll's website.
Svensk Insamlingskontroll monitors that organizations with a 90 account use at least 75 percent of the revenue for the purpose and a maximum of 25 percent for costs for collection and administration. This is to ensure that donors' money gets through and does not disappear along the way.