Funding

BGOASA is a private initiative which seeks funding from people and organisations who oppose the FCA for whatever reason.

Funding is required to cover expenses which will be incurred in terms of:

1. Organisational expenses

2. Travel expenses

3. Public relations and advertising expenses

4. Legal expenses to cover consultation on matters pertaining to the FCA and possible legal actions against the FCA

5. Expenses in support of local BGOASA organisations in SA

Initially BGOASA will operate as a VA (Voluntary Association) which is a recognised legal structure for a Non-Profit Organisation* under common law of South Africa.

If found necessary BGOASA will ultimately be registered as a Section 21 Company, which is a 'not for profit' company.This will be undertaken as soon as practicable dependent on funding and after necessary legal advice is obtained.

In addition to funding by members,BGOASA will seek funding from donor and other sources, to the extent that additional funding becomes necessary to carry the fight against the FCA forward.

* Definition of a NPO

Non-profit organisations provide some public service or have some public purpose that goes beyond serving the personal interests of the members of the NPO (such as the promotion of social welfare, economic development, religion, charity, education or research).

Non-profit organisations may make a profit, but may not distribute their property or profits to their members. They use any profits they make to further their public interest objectives.

Non-profit organisations frequently do not generate enough income to cover all their expenses, so they fundraise from the public or donors.

Non-profit organisations on dissolution, any surplus assets, after payment of all debts, are given to an NPO with similar objectives. Assets are not distributed to the members.