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The name Unda Foundation is chosen because the flag shows a golden yellow 'wave' in a white field. Unda is Latin for wave. |
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The foundation is part of the art work and aims to propagate a specific idealistic notion: Compassion. |
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The Foundation has invited the Netherland Red Cross to donate the profits made from the sales of the Flag during the Sonsbeek 2008: Grandeur exhibition in Arnhem, to a humanitarian organisation of its choice. The donation will go to Myanmar. |
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2012 © undafoundation
Foundation
The Flag is administered by the Unda Foundation.
The members of the board are distinguished people from different worlds: law, publicity, politics, finances and art.
This expressses the idea that not one person but a group of professionals are responsible for the idea behind the Flag of Compassion and its finances.
On August 29, 2008 the memorandum of association of the Unda foundation was passed. In the statutes the aim has been described: managing and propagating the Flag of Compassion.
The foundation, i.e. the board, functions as the conscience of the Flag. The members of the board preserve the idea behind it and supervise the profit from sales.
Profits from sales are meant for supporting charitable trusts. The Foundation decides about which charity the profits will be donated to.