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This study is about seven women's organizations in Belgrade, Serbia and their relations to domestic and international donors during the period 2003-2006. My main research questions focus on their choices of either domestic or international cooperation partners. How and why did the women organize themselves? What factors were essential when selecting donors? In what ways were the organizations influenced by donors? Through interviews, with organization representatives' concepts such as gift and reciprocity, power and dependency, trust and mistrust and collective identity emerged. These concepts were used as points of departure for developing deeper understanding of women organizations' choice of cooperation partners. The women organizations' basically had two alternatives for cooperation: cooperation with foreign donors which offered funds, organizational development and social networks. Alternately, cooperation with local donors, which offered the equivalent except for the organizational development. Cooperation with the foreign donor has resulted in more professional attitudes to the work that have been desired by other international donors. A result is that they can compete with other women's organizations' for international funding. Cooperation with local donors has led to fewer resources but more independent working practices. For these women organizations' independence was important so they choose partners who, they felt more respected this allowing them to write articles or discuss gender in the media with little external influence. Regardless of the chosen donor the reciprocity is embedded in the relation between the donor and the receiver of aid, which in various ways is beneficial for both parties.