Our Funding
As a Bermuda Registered Charity, BFIS is solely funded through pledges and donations. These come mainly from insurance companies but also include those that do business with and for the insurance sector. A number of individuals closely involved with the industry have also made significant personal donations.
PLEDGES AND DONATIONS
The majority of our funding comes from companies pledging an annual payment over a period of five years. BFIS Members are those who pledge or donate over $10,000 per year. Members are entitled to name a representative to vote on their behalf at the Annual General Meeting. This representative will be kept in touch with the Foundation during the year.
US TAX DEDUCTIBLE DONATIONS
If you are a U.S. Taxpayer and would like to make a U.S. tax-deductible donation please read the U.S. Taxpayer form. BFIS can receive U.S. tax-deductible donations if they are first sent to the International Charitable Fund of Bermuda, Inc., which has 501(c)(3) status. The Sample Letter gives information necessary for the ICFB.
PUBLICITY Each donor has the option to receive public recognition for their support through press releases to Bermuda media and the international insurance related media. Donors company names are listed in all BFIS publicity material including links from this web-site and can also have their company logo displayed on the BFIS website.