Annual report

MARINUS PLANTEMA FOUNDATION – REPORT 2025

General

World politics changed a lot with the arrival of a new President in the USA in 2025. The Make America Great Again is all about putting the USA in first place/ driving seat and show the rest of the world that old agreements and friendships were to be renegotiated. This was made clear with Trade tariffs, NATO contributions and the wish to buy Greenland, by some confused with Iceland. During 2025 the General Assembly of NATO was held in the Hague. It gave the King and Queen of the Netherlands the opportunity to show the attendees the century-old history of the Netherlands. They enjoyed dinner in the salons surrounded by the paintings that tell the history.

That being said the politics in the Netherlands are unstable with the consequence that the new government under the leadership of a non-politician did not hold for a full year. In the meantime new elections have taken place with the result that there is no government based on a majority in Parliament. This is new in the Netherlands, but in Denmark this has worked.

On September 25^th President Prabowo Subianto visited the King and Queen of the Netherlands a.o. to consolidate the excellent relationship between both countries in the field of culture and science. By the way that is exactly the field of attention of the Marinus Plantema Foundation!

During 2025 many events happened that are worthwhile. Between Indonesia and the EU the CEPA was signed a Comprehensive Economic Partnership. The WHO (world health organization) declared the polio epidemic that started in Aceh in 2022 for ended. Indonesia became an official member of BRICS, which shows the improvement of the Indonesian economy in the world. However a less fortunate development is the number of natural disasters that hit Indonesia as a whole. President Prabowo Subianto started his MBG program, that provides children at school free food. Indonesia puts itself on the international map through participation in UN peacekeeping missions.

In 2025 too, the board received a great deal of interest in the Foundation’s objective, as evidenced by the multitude of applications.

The board met three times, namely on January 26^th by ZOOM, April 27^th in Amersfoort and October 5^th in Amersfoort. Further exchange of thought took place by e-mail and telephone to speed up the decision making process.

In the beginning of 2026 a full review was made about the activities in the past five years. The conclusion is that the foundation is well positioned to help smaller projects come to fruition. It was also decided to stay away from large projects and concentrate on projects that would not be happening without our contribution. In the Board Meeting of 11-6-2026 also the new Policy Document for the 5-years period 2026-2030 has been adopted.

After grants and some banking charges of ca € 42.000 the Foundations capital increased by almost € 56.000 to €2.178.503.

Financial Report 2025

During the reporting year, the Foundation disbursed a total amount of €41,311 in grants.

This relates to the following 12 projects:

Sjahrir is Here – Isabelle Boon

2,500

Colonial Heritage Engagement – Remco Vermeulen

3,000

Gongs & Songs – Widosari

2,500

Lyrical Vengeance Workshop – W. van Oldenborgh

4,000

Merging Worlds in Architecture – Indonesia & Amsterdam School

2,500

We Are Shadows Searching – Eef van Breen

2,500

Classical Singing Master Degree – Madeline Suputra

6,311

Indie Hilang, Indonesia Datang – Translation of book by Prof. Wertheim

4,000

Otemba Daring Women – Holland Festival

4,000

Parade – Su Tomesen

2,250

Master Public Health – Iman Apriyadi (KIT Fund)

6,000

Walking off the Map – B. Fakhamzadeh

1,750

During the reporting year, the Foundation received 21 funding applications totaling €285,759. Eight applications from the reporting year were approved. In addition, three applications from 2024 were approved. In total, an amount of €37,733 was approved in 2025.

Of the remaining 13 applications, 12 were rejected and one is still under consideration. Of the total of 11 approved applications, nine relate to the cultural sector. The remaining two are related to education and science.
At year-end, the total amount of grants yet to be disbursed is €34,358. This relates to 10 projects, five of which date from previous years. The Foundation has no other financial obligations at the end of the reporting year.

The reporting year showed a volatile pattern in terms of investments. After a particularly poor first half of the year, securities markets recovered, allowing the year to close with a positive result. The investment result amounted to €98,115, representing a return of 4.85%. Management costs amounted to €15,461 (0.7%). The realised investment result was €19,395.

The table below shows the composition by asset class as at year-end 2025 and 2024:

Category	Assets at year-end 2025	%	Assets at year-end 2024	%
Shares	1,273,200	58.5	1,345,367	63.4
Bonds	896,117	38.8	484,938	22.8
Cash	59,187	2.7	292,242	13.8
Total	2,178,503	100	2,122,547	100

The equity portfolio achieved a gross return of 7.3%, while bonds returned 2.9%.

In February and November, minor adjustments were made to the securities portfolio in line with the allocation advice of ABN Amro. In February, this concerned a “rebalancing” (reduction of the equity allocation following strong performance in 2024). The term deposit was also reinvested in bonds upon maturity. In November, the adjustment involved a shift within the bond category. Upon maturity in February, the deposit generated interest income of €689.

The Foundation has a moderately offensive (moderately growth-oriented) risk profile. This corresponds to an allocation of 50.0% in equities and 35.5% in bonds. The bandwidth for equities ranges from 20% to 75%.

The Foundation’s assets are managed by ABN Amro Mees Pierson, Institutions & Charities, through the “Sustainable Investment Advisory” mandate with an “ESG Starter” profile. This means that the Foundation primarily invests in products classified as sustainable. Each quarter, the Foundation receives a report on the extent to which its investments meet the defined sustainability criteria.

The companies in which the Foundation invests had an ESG Risk Score of 19. This score indicates whether a company has its ESG risks under control. A score below 20 indicates low risk. The benchmark is 18.

During the reporting year, the Foundation’s assets increased by €55,956 to €2,178,503, representing a growth of 2.7%. This is insufficient to maintain a capital base in real terms, as the CPI index for 2025 is 3.3%.

For several years, the Foundation’s capital has structurally remained below the desired base capital, which amounted to €2,437,056 as at year-end 2025. The main cause is the record-high inflation in 2022 (11.6%), which the Foundation has not been able to offset through its investments.

The capital shortfall now amounts to €258,553, or 10.6%. To date, the Foundation’s policy has been aimed at maintaining a capital base in real terms. Given the structural nature of the undercapitalisation, the Board will reconsider the sustainability of this policy in the coming year and will develop a new Policy Plan for the period 2026–2030. Meanwhile a new Policy Document has been adopted.

During the reporting year, the Board again prioritised smaller projects in its grant allocation policy. The average contribution per approved application was €3,430 in 2025, almost equal to the previous year.

The Statement of Income and Expenditure shows no other income than the aforementioned investment result. Operational expenses of €1,537 mainly relate to the maintenance and updating of the website.

The table below shows the Statement of Income and Expenditure: