About NOTS


Organisation
Since 15 October 2008, NOTS consists of seven entities: the NOTS Foundation, the NOTS Investments foundation, NOTS Investments B.V. (a full subsidiary of NOTS Investments foundation), NOTS Renewable Energy B.V. (a full subsidiary of NOTS RE Investments foundation), NOTS Renewable Energy India Ltd. and NOTS Support B.V. (a full subsidiary of NOTS Investments foundation). Click here for an organization chart.

The primary function of NOTS Foundation is acting as tax-friendly intermediary for donations. The primary function of the NOTS Investments foundation is emitting the NOTS Microcredit Bonds. The primary function of NOTS Investments B.V. is channelling the monies that are raised by the NOTS Microcredit Bonds. The primary function of the NOTS RE Investments foundation is emitting NOTS Renewable Energy Bonds. The primary function of NOTS Renewable Energy B.V. is channelling and/or investing the monies that are raised by emitting the NOTS Renewable Energy Bonds. The primary function of NOTS Renewable Energy India Ltd. is to develop Renewable Energy projects in India.


Both foundations as well as NOTS Investments B.V. and NOTS Renewable Energy B.V. have no employees. In addition, all matters purchased for the foundations, NOTS Investments B.V., NOTS Renewable Energy B.V. and/or NOTS Support B.V. is be purchased by NOTS Support B.V. This six-entity structure was chosen to provide maximum transparency, keep the donations and costs flows  separate and minimise the operational risk. Additionally, the Dutch tax authorities require investments in microcredits and investments in renewable energy to be made by two separate entities.


Aside from the previously mentioned 100% interest, the NOTS Foundation owns 25% of Triple Jump B.V. shares. This firm was established in 2006 by NOTS, Oxfam Novib and ASN Bank. Triple Jump B.V. specialises in microcredit asset management and identifies, screens, contracts en monitors Micro Finance Institutions. This all benefits microcredit investment funds, including the NOTS microcredit bonds and the ASN Novib fund. As of April 2009, Triple Jump is managing around 170 million Euros.

NOTS investments is qualified by the Dutch Tax Authority as a social ethical bank. In addition, NOTS investments is  classified by the Dutch Bank as exempt from bank supervision. NOTS Renewable Energy is also qualified by the Dutch Tax Authority as a green bank and by the Dutch Bank asbank as exempt from bank supervision.