FONDATION CHANEL
Financial health, per its FY2021 accounts
The accounts state that the charity reported a net surplus of US$29,846,384 for the period ended 31 December 2021, with total unrestricted funds carried forward of the same amount. The trustees note that the charity has ample unrestricted funds to meet current and future commitments and is solely funded by the Chanel Group, with no reliance on public fundraising.
What the accounts disclose
“During the reporting period, Fondation Chanel received donated income of US$33, 305, 697 from the Chanel Group comprised of monetary donations and donated services and facilities as outlined in note 2. Monetary donations of US$9, 200, 009 were received in cash with pledged donations payable in future years of US$22, 125,000 remaining outstanding.” — page 21
“The Charity operates from Chanel Group office premises. Grant and charity administration was undertaken by employees of the Chanel Group who are seconded to the Charity. Both staff and usage of office facilities and equipment utilised during the period were donated in-kind to the Charity and valued at US$1, 980,688.” — page 21
“During the reporting period, Fondation Chanel received donated income of US$33, 305, 697 from the Chanel Group comprised of monetary donations and donated services and facilities as outlined in note 2. Monetary donations of US$9, 200, 009 were received in cash with pledged donations payable in future years of US$22, 125,000 remaining outstanding.” — page 21
“The Charity operates from Chanel Group office premises. Grant and charity administration was undertaken by employees of the Chanel Group who are seconded to the Charity. Both staff and usage of office facilities and equipment utilised during the period were donated in-kind to the Charity and valued at US$1, 980,688.” — page 21
“During the reporting period, Fondation Chanel received donated income of US$33, 305, 697 from the Chanel Group comprised of monetary donations and donated services and facilities as outlined in note 2. Monetary donations of US$9, 200, 009 were received in cash with pledged donations payable in future years of US$22, 125,000 remaining outstanding.” — page 21
“The Charity operates from Chanel Group office premises. Grant and charity administration was undertaken by employees of the Chanel Group who are seconded to the Charity. Both staff and usage of office facilities and equipment utilised during the period were donated in-kind to the Charity and valued at US$1, 980,688.” — page 21
Structured financials (annual return, FY ending 09/07/2024)
Trustees
- Elizabeth Broderick
- Katharine Wylie
- Latanya Frett
- Mabel van Oranje
- Ndidi Nwuneli
- Philippe Blondiaux
- Renaud Bailly
- Yana Peel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 09/07/2024 | £2.4m | £19.7m |
| 31/12/2023 | £100.5m | £25.1m |
| 31/12/2022 | £86.2m | £12.9m |
| 31/12/2021 | £24.5m | £2.5m |
Common questions
Is FONDATION CHANEL financially healthy?
The accounts state that the charity reported a net surplus of US$29,846,384 for the period ended 31 December 2021, with total unrestricted funds carried forward of the same amount. The trustees note that the charity has ample unrestricted funds to meet current and future commitments and is solely funded by the Chanel Group, with no reliance on public fundraising. Its FY2021 accounts were audited by Ernst & Young LLP.