UNESCO. Funds-in-Trust

Identity area

Type of entity

Corporate body

Authorized form of name

UNESCO. Funds-in-Trust

Parallel form(s) of name

  • UNESCO. Fonds-en-dépôt

Standardized form(s) of name according to other rules

Other form(s) of name

  • FIT

Identifiers for corporate bodies

Description area

Dates of existence

1960 -

History

The Funds-in-Trust (FIT) co-operation modality was initiated in 1963, following on the approval of the the 1961-1962 Budget and Programme at the 11th General Conference which featured a new clause in the Appropriation Resolution covering the receipt of ‘other funds’. The first two projects were funded by France, for the training of educational administrators in Africa, and by Sweden, for the development of education for girls and women in Africa. Funds-in-trust are cash contributions made available by Governments, organizations, private companies or individuals to enable UNESCO to carry out specific programmes and projects on behalf of the donor within the Organization’s fields of competence. Funds-in-trust contributions may be self-benefiting, if they are intended for activities within the donor’s own territory; if they are intended for activities elsewhere, they are called donated funds-in-trust. Funds-in-trust are operated on the basis of a specific agreement between the donor and UNESCO, or of a specific agreement between the donor and UNESCO on the one hand, and the benefiting Government and UNESCO on the other. Projects and programmes are proposed by member states or by UNESCO acting as a link between member states requesting assistance, and member states and organizations willing to provide the assistance. FIT is said to represent an amalgamation of bilateral and multilateral aid. Implementation of a funds-in-trust project is the responsibility of the project officer, whether at Headquarters or in a field office. Project officer reports are submitted to donors after review by the relevant programme sector. UNESCO’s services may consist of provision of personnel assistance, analysis and advice, the organization of training activities (including the administration of fellowships), the procurement of equipment, or other services consistent with the Organization’s mandate and requested by the donor. The associate expert scheme, under which young professionals are made available to UNESCO for two or three years, is operated as a funds-in-trust arrangement. FIT was most recently evaluated in 2012 and was studied by a Special Committee of the Executive Board in 1974.

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Dates of creation, revision and deletion

Created by AWT upon data-entry of legal instruments April 2013.

Language(s)

Script(s)

Sources

-UNESCO. (2000). Funds-in-trust financing of UNESCO's activities for development co-operation, 1999-2000: report. August 2000. BER.2000/WS/1. Available online in UNESDOC, accessed 15/04/2013: http://unesdoc.unesco.org/images/0012/001214/121437eo.pdf
-UNESCO. (1964). Report of the Director-General on the activities of the Organization in 1963, communicated to Member States and the Executive Board in accordance with article VI.3.b of the Constitution. CPG.64/I.18A. UNESCO Archives, AG 4 General Conference Documents.
-UNESCO. (7 November 1997). 545 – Funds-in-Trust. In the UNESCO Manual. Item 545. Issue No. 1483. UNESCO Archives, AG 6 Secretariat Documents.
-UNESCO. (27 November 1985). 2420 – Field Project Posts Financed by Extra-Budgetary Sources. In the UNESCO Manual. Item 2420. Issue No. 1157. UNESCO Archives, AG 6 Secretariat Documents.
-UNESCO. Executive Board, 94th Session. Special Committee. (1974). Report of the Special Committee. Annex VI. 94 EX/5 Add. Annex VI. Available in UNESDOC, accessed 15/04/2013: http://unesdoc.unesco.org/images/0000/000085/008584eb.pdf
-UNESCO. Executive Board, 94th Session. Special Committee. (1974). Report of the Director-General : In-depth study of the topics which the Special Committee has to consider, taking as its basis the activities of the Organization in 1973, and Report of the Special Committee thereon. Paris, 27 March 1974. 94 EX/SP/5. UNESCO Archives, AG 5, Executive Board Documents.
-UNESCO. General Conference, 36th Session. (2012). Financial Regulations. In Basic texts: 2012 edition; including texts and amendments adopted by the General Conference at its 36th session, Paris, 2011. SCG-2012/TEXTES FONDAMENTAUX. Part E, p. 97-110. Available in UNESDOC, accessed 16-04-2013: http://unesdoc.unesco.org/images/0021/002161/216192e.pdf
-UNESCO. General Conference, 18th Session. (1974). Report of the Director-General on the activities of the Organization in 1972 - Communicated to Member States and the Executive Board in accordance with Article VI.3.b of the Constitution. 18 C/3-2. Part III, Chapter 9 Funds-in-Trust. P. 265-271. Available online in UNESDOC, accessed 15-04-2013: http://unesdoc.unesco.org/images/0001/000121/012174eo.pdf
-UNESCO. General Conference, 11th Session. (1960). Approved Programme and Budget for 1961-1962. 11 C/5 Approved. Appropriation Resolution, page 6. Available in UNESDOC, accessed 16-04-2013: http://unesdoc.unesco.org/images/0016/001605/160504eb.pdf

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