Carrefour Foundation - 2017 Annual Report

Four steps of a project Funding For each project, the Carrefour Foundation defines the financial and technical support needed by the association, in coordination with solidarity teams in each country. The Board of Directors decides whether or not to support the various projects according to their alignment with the Foundation’s missions, the suitability of the initiatives and the resources available. An agreement is then signed with the association and support for the project begins. Identification Initiated and implemented by local associations, selected projects have to correspond to the missions of the Carrefour Foundation. Carrefour teams are on the constant look-out for potential projects in each of the countries where the Group is present. These are then forwarded to the Carrefour Foundation for selection. Every year, the Carrefour Foundation receives almost a thousand project proposals. Selection To make its selection, the Foundation consults with teams in the various countries to evaluate the projects, using a set of objective criteria: verification of the association’s statutes, its missions and budgeted targets, a detailed budget, identification of the project’s innovative components, etc. The applications are analysed and then submitted to the Foundation’s Board for approval. Monitoring and assessment The Foundation’s team and the country‘s management teams are then responsible for implementing the projects correctly and setting up regular monitoring, support and evaluation, free of any commercial interest. The Carrefour Foundation makes sure that the resources allocated are being properly used and that the expected outcomes are being achieved. This assessment enables the project’s impacts and benefits to be measured, and its future prospects considered. Depending on the project’s outcomes and needs, a new funding application can be made to continue support in the mid- or long term. 3 1 2 4