At The Gaza Fund, we have a strict 100% Donation Policy.
8 October 2023 – 30 September 2024: To ensure this goal, we at The Gaza Fund track and separate all our expenses, which is paid for, by us, from our own pocket, rather than the donations received.
Over the last twelve months, (8 October 2023 – 30 September 2024), we raised HK$1,561,763 for Gaza with 100% spent on the poor and needy in Gaza.
| 8 Oct 2023- 30 Sept 2024 | HK$ | US$ | £ |
| TOTAL RAISED | 1,561,763 | 201,135 | 151,414 |
We also incurred at least HK$109,202 (£10,920 or US$14,000) in expenses involving bank transfers, cash transfers, transport, drivers, accounting, auditing, administration, website, photos, videos and banners for donor reporting. To ensure, aid is being properly spent, we also had to pay real volunteers on the ground. However 100% of the expenses were paid for by us, The Gaza Fund.
While we have maintained a reasonably high standard of disclosure since the beginning (29 January 2021), we will continue to raise our disclosure standards further by exceeding statutory requirements, now that we are a registered company (since June 2023). Our full audited financial report will be published in late January 2025.
CASH BALANCE IN GAZA:
| Oct 2024 | HK$ | US$ | £ |
| CASH IN HAND (TGF’s Surplus): Project # 14 | 68,073 | 8,767 | 6,599 |
CASH BALANCE IN HK:
| Oct 2024 | HK$ | US$ | £ |
| CASH IN BANK (Donations unspent): | 637,472 | 82,099 | 61,803 |
| Oct 2024 | HK$ | US$ | £ |
| CASH IN BANK (Non-donation related): | 209,909 | 27,033 | 20,350 |
Summary: We managed to raise HK$1,561,763 for Gaza since 8 October 2023. Excluding expenses, we have spent HK$924,291 (100% on charity projects) in the last 12 months. We now have a remaining balance HK$637,472 to spend on charity. We are watching Gaza closely and will time our projects whenever it is possible to provide some form of aid relief, at the minimum costs to reach maximum number of people.
TOTAL AMOUNT RAISED:
BY YEAR:
| YEAR | HK$ | % |
| 2021 | 705,516 | 24.15 |
| 2022 | 400,828 | 13.72 |
| Until 30 Sept 2023 | 253,293 | 8.67 |
| Oct 2023- 30 Sept 2024 | 1,561,763 | 53.46 |
| (Note: The final amount may vary due to FX rates) TOTAL | 2,921,400 | 100% |
MARKETING POLICIES:
1. We understand our limitations and do not claim to be able to help all 2.3 million residents of Gaza but we are committed to doing whatever we can.
2. Our goal is not to raise record amounts year-after-year. This is partially why we have zero social media presence. Keep our heads down and focus on delivering cash aid, food aid packs, cash handouts, medicine, and whatever else is needed.
3. Our goal is to focus on the people of Gaza. We will continue to (A) regularly review all our projects; (B) (re)questioning its impact; & (C) remain mission-driven.
BY TYPE:
| 2021 | 2022 | 2023 | 2023-2024 | TOTAL | % | |
| Zakah | 345,085 | 278,565 | 125,568 | 462,519 | 1,211,737 | 41.4 |
| Sadaqah | 139,189 | 51,375 | 41,600 | 685,869 | 918,033 | 31.4 |
| Mixed Sadaqah & Zakah | 0.00 | 0.00 | 0.00 | 186,629 | 186,629 | 6.3 |
| Regular Donation | 0.00 | 0.00 | 0.00 | 226,742 | 226,742 | 7.7 |
| Qurban | 113,896 | 64,678 | 70,125 | 0.00 | 248,699 | 8.5 |
| Education | 54,437 | 6,500 | 15,000 | 0.00 | 75,937 | 2.5 |
| Water Filter | 51,807 | 0.00 | 0.00 | 0.00 | 51,807 | 1.7 |
| Fidya | 0.00 | 1,470 | 0.00 | 0.00 | 1,470 | 0.05 |
| RAISED (2021-2024) | 2,921,054 | |||||
| Expenses Fund | 142 | 0.00 | 3494 | 24,949 | 28,585 |
LAST 12 MONTHS:
| 8 October 2023 – 30 September 2024 | 2023-2024 | % |
| Zakah | 462,519 | 29.6 |
| Sadaqah | 685,869 | 44 |
| Mixed Sadaqah & Zakah | 186,629 | 11.9 |
| Regular Donation | 226,742 | 14.5 |
| Note: The final amount may vary due to FX rates | 1,561,763 | 100 |
| Expenses Fund(from Donors) | 24,949 |
OUR EXPENSES:
| HK$ | 2021 | 2022 | 2023 | 2023-2024 | TOTAL (HK$) |
| Expenses | -53,838.44 | -17,081.60 | -28,191 | -109,202 | -208,312 |
| Ratio | 7.5% | 4.3% | 11.5% | 11.81% | 8.7% (AVG) |
| DONATIONS | (3,636) | ||||
| DONATIONS | (24,949) | ||||
| –179,727 |
We are 100% funded by the founder, and DO NOT HAVE access to any external philanthropic donors, governments or groups.
DONATION TOWARDS OUR EXPENSES:
| DONOR/DATE | US$ |
| 2021 | 142 |
| March-Sept (US$64) 2023 | 3,494 |
| 2024 | 24,949 |
| Total | 28,585 |
| Net Expenses (Deficit) | HK$179,727 |
If you wish to donate towards the expenses fund, please click here (quicker response time) or email keffiyeh@thegazafund.com
EXPENSES IN 2023-2024:
The last 12 months have been incredibly difficult. While sending money and organising aid in Gaza has always been difficult, the war made things very dangerous, difficult and challenging for charities, big and small. In 2023, we incurred substantial expenses in sizeable bank and broker fees in order to send money into Gaza, as all banks were closed. The quickest way to send money to Gaza was to pay such exorbitant broker fees. The other cheaper option was to use multiple bank accounts of individuals we know and others we got to know, vetted and verified – to comply with regulations from a governance perspective. In any case, all measures were put in place to comply with our regulatory policies.
| EXPENSE ITEM (2023-2024) | PROJECT | HK$ |
| US$1200 Fee (Sending US$20,000 for Evacuation) via Ixxxm | # 4 | -9,360 |
| US$700 Expenses (US$11,000 Cash Aid) via Axxm | # 1 | -5,460 |
| US$408 (RM1700) Fee (RM48,300 Gaza Municipality) | # 5 | -3,148 |
| US$522 Expenses (US$9478 Cash Aid) via Axxm | # 6 | -4,071 |
| US$1832 Expenses (US$5579 Fresh Chicken) | # 3 | -14,290 |
| U$1800 Expenses (US$6000 Fresh Chicken) – unconfirmed | # 7 | -15,000 |
| US$200 Fee (US$10,000 Al Azhar University) | # 9 | -1,560 |
| US$200 + US$400 (Dr Hxxxm (Tent/Food) – US$10,267 | # 14 | -4,680 |
| US$356 (FX loss Dr Hxxxm (Tent/Food) – 80,000 – 77,218 | # 14 | -2,782 |
| US$389 – Bank Charges (Oct 2023 – 30 September 2024) | -3,022 | |
| Amount Deducted by Stripe (8 Oct 2023 – 30 Sept 2024) | -19,246 | |
| IRD Registration Expenses | -2,200 | |
| TGF (TGF) – Website Domain (17 Feb 2024) | -150 | |
| GiveWP Subscription – US$349 (18 October 2023) | -2,722 | |
| Website Axxxs 1 (US$600) | -4,680 | |
| Website Axxxs 2 (US$576) | -4,500 | |
| Website Axxxs 3 (US$250) | -1,943 | |
| TGF (icondemn) – Domain Site (14 Sept 2024) | -2,388 | |
| Boycott Research 1 via Mxxxxa (RM2500) | -4,000 | |
| Boycott Research 2 via Mxxxxa (RM2500) | –4,000 | |
| TOTAL EXPENSES (8 Oct 2023 – 30 Sept 2024) | -109,202 |
EXPENSES IN 2023:
In 2023, we had the usual range of expenses (HK$28,191) including website, company registration, cash transfer fees, token payments to volunteers in Gaza, etc., Most notably we set aside a HK$12,000 token payment to an IT expert to help build a front to backend donor management system that details how much every single donor has donated, purpose and when. This is expected to go live in the 1Q of 2024.
| EXPENSE ITEM | US$ | 2023 | HK$ |
| The Gaza Fund (Domain & Website) | -473 | 15/2 | -3,713.05 |
| #6 Ramadan 2023 (2% Transfer Fees US$10,200) | -220 | 22/4 | -1,727 |
| #6 Ramadan 2023 Volunteers, Photos/Video, Transport | -576 | 22/4 | -4,521.60 |
| TGF Registration Fees | -296 | 26/4 | -2,320 |
| Qurban Expenses | -306 | 27/6 | -2,402.10 |
| Transfer Fees | -192 | 27/6 | -1,507 |
| Donation CMS System (Paid 30 March 2024) | -1,529 | 27/6 | -12,000.00 |
| TOTAL EXPENSES (2023) | –28,191.00 |
EXPENSES IN 2022:
In 2022, as donations received nearly halved, our expenses (HK$17,081) fell by one-third. Apart from the unavoidable cash transfer fees and token payments to volunteers (for food aid packs and cash handouts) accounting for a large portion of our expenses, we bought a large cooker and oven for a soup kitchen which continues to cook food for those in need.
| EXPENSE ITEM | US$ | 2022 | HK$ |
| Large Cooker & Oven for Soup Kitchen | -270 | 14/2 | -2,119.50 |
| The Gaza Fund (Domain & Website) | -116 | 16/2 | -910.60 |
| #5 Ramadan 2022 (3% Transfer Fees US$16,550) | -494 | 29/3 | -3,893.60 |
| #5 Ramadan 2022 Volunteers, Photography, Video, etc., | -550 | 22/4 | -3,893.60 |
| #5 Ramadan 2022 (1% Transfer Fees US$9,450) | -142 | 28/4 | -4,317.50 |
| #3 Qurban 2002 (slaughtering, volunteers & transport) | -302 | 10/7 | -2,370.70 |
| #5 Ramadan +Qurban Expenses (Volunteer Pay) | -300 | 26/9 | -2,355.00 |
| TOTAL EXPENSES (2022) | –17,081.60 | ||
EXPENSES IN 2021:
We incurred substantial expenses in 2021 (HK$53,838) while setting up in Gaza, including transport, banners, photography, videos, cash transfer fees, token payments to volunteers and engineers for the procurement, monitoring and installation of advanced water filters across multiple locations in Gaza, as well as during the disbursement of cash handouts (involving independent background checks of volunteers), etc., among other expenses. Again, we have a 100% donation policy and every single expense was shouldered and paid for, by the founder of The Gaza Fund.
| EXPENSE ITEM | US$ | 2021 | HK$ |
| WordPress Site (50% off – HK$368) | -47.4 | 18/3 | -372.09 |
| Cash Transfer Fee | -400 | 29/3 | -3,140 |
| Engineer (to oversee procurement) – 2 filters | -400 | April | -3,140 |
| Photos/Videos | -300 | April | -2,355 |
| Transportation | -100 | April | -785 |
| Two x Volunteers (2 days) | -200 | April | -1,570 |
| Others (Banner, Car rental, Boxes, Plastic bags, Stickers) | -200 | April | -1,570 |
| Photos/Videos (Project #1) | -150 | May | -1,177.50 |
| Transport, Banner, etc., | -100 | May | -785 |
| HK$265 X 5 Bank Fees (12+19/2; 8/3; 24+25/5) | -170 | May | -1,334.50 |
| Cash Transfer Fees | -350 | 6/5 | -2,747.50 |
| Engineer (to oversee procurement) – 3rd filter | -200 | 6/5 | -1,570 |
| Cash Transfer Fees @6% (Project #2) | -1,448 | 26/5 | -11,366.80 |
| Photos/Videos (Project #2) | -350 | 31/5 | -2,747.50 |
| Uniforms x 4 | -80 | 1/6 | -628 |
| Cash Transfer Fees (6.1%) – HK$7,092 | -914 | 10/6 | -7,174.90 |
| FX Loss while making a transfer (HK$2816) | -363 | 10/6 | -2,849.55 |
| Slaughter Expenses (Project # 3) | -654 | 21/7 | -5,133.90 |
| Cash Transfer Fees (US$82) | -82 | 5/8 | -643.70 |
| Engineer/Photos (Water Filter # 4) | -350 | 23/9 | -2,747.50 |
| TOTAL EXPENSES (2021) | –53,838.44 |
Accountability is not a once-a-year affair but an ongoing process of being transparent. The Gaza Fund therefore believes in engaging all stakeholders and opening ourselves to scrutiny by all our donors. For feedback and comments, please get in touch.
Our first audited annual report for the period October 2023 – March 2024 is now available. Please email keffiyeh@thegazafund.com to receive a copy. Our second audited annual report for April 2024-March 2025 will be published in May 2026.
To view our consolidated annual report for 2021-2023, please download the PDF below: