We are committed to being a lean organization with limited overhead. Our aim is for 80% of our income from donations to go directly to research – the feasibility of this will depend on how much we can raise; the more donations, the lower we can keep the % of overhead costs.
The 80% rule does not apply to 2024, because of the significant start-up costs that are associated with founding a new organization, such as legal and accounting fees, website building, equipment and software costs, social media ads, and more. However, these start-up costs were all financed by Sven Köllmann, co-founder and Executive Board member, thus allowing donations from other people to be earmarked predominantly for research.
Tinnitus Quest has not yet started disbursing funds for research. We are currently in the fundraising stage and hope to open our grants program in early 2025. Our aim is to raise USD 1M for the first round of grants. Over the years, we hope to ramp up this number to several million in grants disbursed per year.
You can learn more about the type of research we aim to fund on our Research page. We are in the process of defining specific rules and requirements for research projects to get funding from us – we will publish these on the website once ready.