HOW ARE THE DONATIONS USED?
First, the full amount that you authorized PayPal to pay St Raphael Charity Foundation is electronically transferred to the St Raphael Charity Foundation Receiving account!
The received amount is then split in two parts! 95% goes to The St Raphael Charity Account! The remaining 5% is transferred to The St Raphael Charity Foundation Account! Monies designated for the Hospital or the University are deposited to their specific accounts! Then 5% of the deposit is transferred to the St Raphael Charity Foundation Account! The remaining 95% of the amount donated remains in the account!
The St Raphael Charity Account is used to support Projects and Charities as recommended by The Board of Payments and Contribution Ethics! The Foundation Board of Management then authorizes payment and when!!
The St Raphael Charity Foundation Hospital Account is used for Purchases and Construction Costs of the Hospitals!
The St Raphael Charity Foundation University Account is used for Purchases and Construction Costs of the Universities!
The St Raphael Charity Foundation Account is Used to pay for Purchases and Construction Costs of the Foundation!
The St Raphael Charity Foundation Operating Account is Used to pay Expenses and Salaries of the Foundation!
The St Raphael Hospital Named Operating Accounts are used for Purchases, Expenses and Salaries of the Individual Hospitals!
The St Raphael Universities Named Operating Accounts are used for Purchases, Expenses and Salaries of the Individual Universities!
The Foundation Board of Management then authorizes transfers and payments To And From accounts and when!!
