Global Solidarity Fund

What it reported doing in 2024

The gsf's main areas of focus will be women and girls, families, and health care. Within this framework there are four strategic pillars of work: global health, including but not exclusively noncommunicable diseases -capacity building -people on the move/displaced people, with a specific focus on family and child protection entrepreneurship/job creation, with emphasis on unlocking economic opportunities for women and girls. The gsf is committed to ensuring a data-driven and data-supported implementation, as well as a strategic approach guided by filling existing gaps and maximizing results of existing networks creating new entities. In 2024, the global solidarity fund expanded their programme support on a vision of a world where everyone has access to social and economic opportunity and a healthy life, and where essential human dignity is fully respected. The gsf organization's first stream of work is to connect catholic networks with partners to drive systemic change for the most vulnerable, starting with migrants, especially women and children. In 2024, gsf worked with their local partners to expand their efforts in ethiopia and started similar initiatives in colombia and nigeria. These projects launched an integrated approach with congregations that combines economic empowerment and job creation, health, and education for the poorest and most vulnerable, with a special focus on women and families. The gsf organization's second stream of work is to focus its efforts in creating partnerships and opportunities that further empower catholic sisters' leadership to shape development efforts for those in need. To improve the recognition of women religious' work, 2 policy papers were produced to strenghten the sisters' advocacy efforts against human trafficking and protecting the environment in line with the cop27 event in late 2024. The gsf organization's third stream of work is to build alliances and tell the story of the catholic church's development contribution. The gsf has responded to the call to action with urgency, with its network drawing from its diverse strengths to support this leadership via the following actions: a. Laudato si movement - a campaign for the launch of a documentary, developed in partnership with the vatican, focusing on climate change. B. Voices of the migrants - a campaign to communicate the projects under the care of women and men religious and missionaries in order to promote migrant people's inclusion in the work field.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: $0.91 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Fail
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -5,391.3%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 0.15; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 16; 16th percentile among comparable filings
• Officer compensation ratio: 1.3%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: -25% per year; rating input score 0; 16th percentile among comparable filings
• Asset growth: -11.7% per year; rating input score 0; 12th percentile among comparable filings