All the IFCC activities are financed through the IFCC Treasury. An important source of income for the Federation is membership fees. Although the Federation has no category of individual personal membership, the contributions from the Full Member Societies are based on their number of individual members. Corporate Members also contribute significantly to the Federation and their dues are based on the world-wide turnover of the company's business in the field of Clinical Chemistry and Laboratory Medicine. Affiliate Members pay modest membership dues to IFCC. Careful investment of the reserve funds has become an important source of income. Congresses sponsored by the IFCC make valuable contributions to the revenue of the Federation, with the local organisers and IFCC sharing the surplus.
On several occasions IFCC has received grants from various sources for special assignments. Corporate Members have sponsored several IFCC activities, including the Visiting Lecture Programme, various conferences and workshops.
The scientific and administrative work carried out for IFCC is provided on a voluntary basis, and the financial value of resources put into IFCC by individuals and their employers does not show in the accounts of the Federation. Without this indirect and significant support from the Clinical Chemistry and Laboratory Medicine community, the work of IFCC could not be possible. Much of this scientific and administrative work is carried out by mail, FAX or E-mail, but occasional meetings are necessary. Travel costs represent a significant expenditure since it is general policy to select specialists from many different countries, reflecting the international quality of the Federation. The IFCC Office and its activities are supported from its own resources.
The legal domicile of the Federation is in Switzerland and therefore all financial transactions are carried out in Swiss Francs (CHF). The income is handled by various banks to maximize investment income and the turnaround time of of expense claims.
The IFCC Treasurer chairs the Financial Advisory Committee. The President, Past-President and the Representative of the Corporate Members are members. For the period 2015-2017 members of the Financial Advisory Committee are:
Prof. Tomris Ozben
Akdeniz University Medical Faculty
Department of Clinical Biochemistry
Antalya - Turkey
Tel: +90 242 2496895
Fax: +90 242 2496903
Prof. Maurizio Ferrari
Professor of Clinical Pathology
University Vita-Salute San Raffaele
Director of Clinical Molecular Biology and Cytogenetics Laboratory
Head of Unit Genomics for Diagnosis of Human Pathologies
IRCCS San Raffaele
Milan - Italy
Tel: +39 02 26432303
Fax: +39 02 26432640
Dr. Rolf Hinzmann
Head of Global Medical & Scientific Affairs
Glucose Monitoring and Science
Roche Diabetes Care GmbH
Sandhofer Straße 116
68305 Mannheim - Germany
Tel: +49 621 759 2254
Fax: +49 621 759 78 2254