This policy outlines the financial management practices of daCi, emphasising transparency, accountability, and strategic use of funds to support its mission in promoting dance education worldwide.

Purpose: The Finance Policy of daCi establishes guidelines and procedures for financial management, including budgeting, fundraising, grants, donations, sponsorship, bequests, and expenses related to the travel of daCi Advisory Board members to the Interim Meeting. This policy ensures transparency, accountability, and prudent stewardship of daCi’s financial resources to support its mission of promoting dance education globally.

Budget Items: daCi’s budget includes strategic use of funds as approved by the Advisory Board allocations for essential operational expenses, programs, events, and strategic initiatives such as:

• Administrative Costs: Including salaries, office supplies, IT (Information Technology) expenses and bank charges. utilities.
• Program Development: Funding for projects, seed money for conferences, and educational resources.
• Marketing and Communications: Promotional materials, website and social media maintenance, and outreach activities. • Research and Publications: Support for research projects, publications (open access publications preferred), and scholarly activities.
• Membership Services: Member benefits, networking events, and support services (refer also to daCi Membership Policy).

Fundraising: daCi engages in various fundraising activities to generate additional revenue and support its programs:

• Events: Organising fundraising events such as daCi Day fees, conference materials, performances, and auctions.
• Campaigns: Conducting annual giving campaigns and targeted fundraising drives.
• Corporate Partnerships: Establishing partnerships with businesses and corporations for financial support.
• Grant Applications: Writing proposals and applications for pursuing grants from foundations, government agencies, and international/philanthropic organizations.
• Online Donations and Sponsorship: Facilitating online donations and sponsorship through daCi’s website and fundraising platforms.

Philanthropy: daCi actively seeks philanthropic support to fund specific projects and initiatives that align with its mission:

• Philanthropic Support: Cultivating relationships with individual donors and philanthropists who are passionate about dance education.
• Endowments and Bequests: Accepting endowments, bequests, and legacy gifts from supporters who wish to leave a lasting impact on dance education.

Sponsorship: daCi welcomes sponsorship and donations from individuals, businesses, corporations, and organisations that wish to align their brand with daCi’s mission:

• Benefits: Offering sponsors visibility, recognition at events, and opportunities for corporate social responsibility.
• Customised Packages: Developing tailored sponsorship packages that meet the sponsor’s marketing objectives and daCi’s priorities.
• Mutually Beneficial Relationships: Building long-term partnerships that support daCi’s programs while providing sponsors with meaningful engagement opportunities.

Travel Expenses: Travel expenses are managed prudently to support daCi’s global outreach and educational activities:

• Budgeting: Allocating funds for travel expenses related to conferences, workshops, and international collaborations. External funding and distance travelled will be taken into account when determining the amount of travel expenses granted.
• Expense Approval: Requiring advance approval and adherence to daCi’s travel expense policies for all travel-related expenditures.
• Documentation: Maintaining detailed records and receipts for transparency and financial accountability.

Policy Review: This Finance Policy is reviewed every three years and updated by daCi’s finance committee to ensure compliance with financial regulations, alignment with organisational goals, and responsiveness to changing economic conditions and donor expectations.

Conclusion: The Finance Policy of daCi provides a framework for responsible financial management, fundraising, and resource allocation to support the organisation’s mission of advancing dance education globally. By adhering to these guidelines, daCi aims to sustainably enhance its impact and ensure the effective use of financial resources for the benefit of its members and stakeholders.

Approved by daCi Advisory Board, July 2025