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<h2>About Us</h2>
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<h1 id="pagetitle">Financial Data and Accountability </h1>
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<h3> Financial data </h3>
<p>The Russian Children�s Welfare Society is a public charity exempt from income, gift, and estate taxes under section 501©(3) of the Internal Revenue Code. Its federal tax identification number is <strong>13–5562332</strong>.</p>
<p>We are able to channel 100% of our donations to help sick and needy children with overhead being met in its entirety through internal sources.</p>
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<h3>Accountability</h3>
<p>RCWS has put in place a thorough system of checks and balances to make sure that grants are used for their intended purpose:</p>
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<li>Organizations must provide a complete application detailing the project for which they are seeking support as well as a budget</li><br>
<li>RCWS issues an official agreement stating the dollar amount of the grant and how it is to be spent</li><br>
<li>Russian banks will not authorize a release of funds without such an agreement and require invoices from grantee organizations that match items and services designated in the agreement</li><br>
<li>The Director of our Moscow office regularly visits grantee organizations to check up on the Society's projects</li><br>
<li>RCWS representatives in Russia, as well as RCWS Board members periodically visit </li><br>
<li>Organizations are required to submit mid year and final reports detailing expenditures and overall achievements </li>
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Site copyright ©2017 Russian Children's Welfare Society<br>
<a class="copyright" href="aboutus_privacy.htm">We encourage you to review our Privacy Policy.</a> </p>
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