We are a Registered, United States 501 C-3 Non-Profit Organization
Funds donated to the DJGG World Language and Business Challenge go directly towards creating the largest cash prize purse possible to be awarded to the participants at our New York and Dubai annual competitions.
Our goal is to maximize the winner’s purse, so as to encourage high incentive to learn and then look forward to participate in the competitions and be awarded for the time and effort spent in preparing to compete.
How our fundraising process is set up and how the funds are managed
Our fundraising calendar is defined as follows:
From June 01 of year X-1 to June 30 of year X.
Then, the competition in which the funds which have been raised during this fundraising period are used, will be held on:
USA North American Finals are held in New York in July of Year X
International Finals are held in Dubai in January of Year X+1
The total funds raised during the period are then distributed for use as follows:
30% of the funds raised during the fundraising season are allocated to payout to the winners in the USA North American Finals in New York held in year X.
60% of the funds raised during the fundraising season are allocated to payout to the winners in the International finals held in Dubai in year X+1.
10% of funds raised during the fundraising season are allocated to cover non-travel, administrative cost of running the foundation (office administration, equipment, consumables such as paper, ink, etc) and the competition.
Nota: Our officers and staff, as part of their volunteer service to the Foundation, personally cover their own travel and expenses to the Competitions and any other travel required by the Foundation for their work for the Foundation.
Thus, the prize money awarded each year will vary, depending on the funds raised throughout the year. The more funds raised, the larger and more attractive the winners cash purse. The more attractive and exciting for the participants.
The Board of Directors reserves the right to cap the awards (for example at USD 25 000 per winner) should the amount of funds raised in a given year become very large (a dream situation!) and roll over all excess funds into the fundraising funds for the following fundraising years. The cap amount is reviewed yearly by the Board of Directors which will raise or keep the cap as it deems fit to keep the incentive very attractive to the participants.
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