strength - Women for Women International
Transcription
strength - Women for Women International
STRENGTH WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT S 2011 ANNUAL REPORT 2 STRENGTH TO STRENGTH: A LETTER FROM OUR CHAIR 3 STARTING THE CONVERSATION: A LETTER FROM PRESIDENT AND CEO AFSHAN KHAN 4 WHAT WE DO STRONG LIVES IN FRAGILE COMMUNITIES WOMEN AT WORK 6 WHERE WE WORK AFGHANISTAN BOSNIA AND HERZEGOVINA THE DEMOCRATIC REPUBLIC OF THE CONGO IRAQ KOSOVO NIGERIA RWANDA SOUTH SUDAN 24 WHY IT MATTERS BY THE NUMBERS LIVES TRANSFORMED 26 WHO MAKES IT HAPPEN PORTRAIT OF SISTERHOOD CHRIS RUD AND JOSEPHINA TWISENGE NYAKAMWE BOARD OF DIRECTORS SUPPORTERS 34 WHAT IT TAKES 2011 AUDIT REPORT ince 1993, Women for Women International (WfWI) has worked to provide women in countries affected by war with the resources to move from crisis and poverty into stability and self-sufficiency. WfWI delivers these resources through a tiered, yearlong program that begins with identifying those communities that are most socially marginalized and working with women to reach their full potential. Participants learn about their legal rights and receive life-skills training such as health awareness, numeracy, budgeting and saving, decisionmaking, negotiation, and civic participation. The women also learn business and vocational skills, and gain access to income-generating activities where they can apply those skills and begin moving towards economic stability. Along with supporting more than 370,000 women in war-ravaged nations to build lives of dignity, stability, and self-determination, WfWI uses its voice to call global attention to the unique role that women play in advancing peace throughout society. WfWI works in Afghanistan, Bosnia and Herzegovina, the Democratic Republic of the Congo, Iraq, Kosovo, Nigeria, Rwanda, and South Sudan. STRENGTH TO STRENGTH A MESSAGE FROM THE CHAIR OF THE BOARD Women for Women International posted solid operational results for 2011, and finished the year strongly positioned to meet our challenges and to seize the many opportunities that lie before us. I am proud to report that Women for Women International (WfWI) has made considerable efforts to use resources more efficiently. In 2011, we decreased the percentage of the budget allocated to administration from an already-lean 14 percent down to just 11 percent. Less money for administration means more money directly to the programs. And I am also very pleased to report that WfWI increased its institutional and government funding by more than 30 percent. This vote of confidence is a sure sign that policymakers are learning what our grassroots supporters have known for years: stronger women mean stronger, more stable societies. WfWI’s chief accomplishment of 2011 was successfully managing its first transition at the top. When Zainab Salbi, who had led WfWI since founding the organization 20 years ago, stepped down as CEO in June 2011, the board immediately went to work on the enormous task of finding Zainab’s successor. I believe it is a testimony to the work that everyone – the board, the staff, all our generous supporters, and Zainab herself most of all – has been doing for many years that Women for Women International was able to attract someone of Afshan Khan’s caliber. The rest of the board and I were delighted to welcome Afshan on board officially in mid-2012, and are looking forward to supporting her as she guides this institution into its next phase. One of the things we have already learned from Afshan is how favorably operating models like WfWI’s – hands-on, grassroots, deeply practical – are viewed within the elite 2 policymaking circles in which she moved during her 20-year career with the United Nations. That world increasingly understands that technocratic, top-down approaches are outdated. Hands-on institutions like ours are the real change agents. We are looking forward to drawing on Afshan’s wisdom to forge the kinds of public/private partnerships that can increase Wf WI’s impact even more – while always fostering the intimate connections between sponsors and participant sisters that gave Women for Women International its name and made us strong. As Afshan settles in and we continue to build the global team, I would like to thank the immediate past chair, Mary Zients, the rest of the board, and the entire staff for all they have done to keep Women for Women International strong and focused during the most important transition in our history. Women for Women International is moving from strength to strength, capitalizing on a history of impressive achievements and goodwill to build an institution that can serve ever-more women with ever-more powerful, life-changing outreach. I hope you are as proud as I am of all we have done together – and as excited about all the adventures still to come. On behalf of the rest of the board, the staff, and the hundreds of thousands of women we serve, thank you for all your support. Thank you, Lucy Lucy Billingsley Past Chair of the US Board of Directors WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT STARTING THE CONVERSATION A MESSAGE FROM OUR PRESIDENT AND CEO “ Women for Women International is moving from strength to strength, capitalizing on a history of impressive achievements and goodwill to build an institution that can serve evermore women with ever-more powerful, life-changing outreach. ” “ Most inspiring of all has been the chance to witness the power of the bonds between women that define this organization. ” I knew when I joined Women for Women International (WfWI) in June 2012 that my first priority was to meet the women with whom we work. My prior career with the United Nations had already taken me all over the world for more than 20 years. With UNICEF, I had the privilege of helping people rebuild lives upended by natural disasters, epidemics, or armed conflict. But every organization has its own character and every person has their own narrative. I wanted to hear directly from the women WfWI serves and the staff who make it happen. Afghanistan was my first stop, and there I had an interesting conversation early on with Country Director, Sweeta Noori. Sweeta and I had been talking about the importance of engaging Afghan men in Women for Women International’s work, and I asked Sweeta, “So how do you even start that conversation?” Sweeta responded, “We ask for their advice. We do not say ‘Come watch us and learn.’ We say, ‘Here is what we are trying to do, please tell us what you think.’ Before we can accomplish anything, we have to show that we respect their position in the community.’” When you pursue change that way, when you are willing to meet people where they are – instead of telling them where you think they ought to be, or where you wish they were – incredible things can happen. Hundreds of mullahs (religious leaders) have been invited to advise Women for Women International in Afghanistan. We have learned from them – and they have a better understanding from us of women’s rights, seeing firsthand the immense potential women possess when accorded their full dignity as citizens. Men also understand it at the personal level. What the Men’s Leadership Program does is change the dynamics between men and women to create an environment where shared decision-making becomes part of life. for all those who have built this organization. Founder Zainab Salbi took her personal experiences of surviving war and used them to build a global force for women’s empowerment. The welcome that Zainab extended to me could not have been warmer or more gracious. The same has been true of the board of directors, whose leadership has helped put WfWI on sound footing, and the staff, whose dedication, talent, and humor make WfWI a joyful place as well as a successful one. Most inspiring of all has been the chance to witness the power of the bonds between women that define this organization. On my second day in Afghanistan, I met with a group of women and asked them what they appreciated most about the program. One woman told me, “I was able to leave my house twice a week and talk with other women like me.” As another put it, “Now I finally know my neighbor.” I am profoundly grateful to all the men and women I met, and from each of them I learned what aspects of the program worked well and what the organization could do differently to improve its impact. What struck me most though was the fierce determination of women to create and build a better life for themselves, their children and communities. I am very proud to be a member of the network of Women for Women International supporters. Warmly, Afshan Afshan Khan President and CEO The sense of optimism I feel travelling throughout the Women for Women International network renews my gratitude WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 3 MODULE I INCOME AND ASSET MANAGEMENT N AI ST E SU M O EN C M IN O N A P W M RA RT G TA RO S 6 N O M TH • Participant Training Assessment • Business Training • Skills Training MODULE III FAMILY AND COMMUNITY DECISION-MAKING 9 N O M TH REAL CHANGE TAKES TIME THE WfWI CORE PROGRAM MODULE IV SOLIDARITY FOR SUPPORT AND PROTECTION E S AV K H OR ETS EN TW N M E Y O N ET W IA AF C S SO ND A Women for Women International exists to help the women of war-ravaged countries build stable, dignified lives for themselves, their families, and their community. Women bear the heaviest burdens of war. They are responsible not only for sustaining life during wartime but for rebuilding afterwards – often as widows trying to earn income to support their families. And in many of the communities where WfWI works, from the Balkans to Africa, the systematic use of rape as a weapon of war creates emotional devastation in women survivors that lasts long after physical injuries heal. 3 TH 12 • Graduation • Evaluation to Measure Impact Against Key Resources LASTING SOCIAL AND ECONOMIC CHANGE (THROUGH EXERCISING DECISION- MAKING POWER) N O M The WfWI core program lasts one year. The networks the women forge with one another, the skills they gain, and most important, the way they see themselves last years. The community impact shows lasting social change. From isolation to solidarity, from fatalism to hope, from “I can’t” to “I can” – Women for Women International helps women to transform their own lives. • Sponsorship • Launch of 12-Month Education in Women’s Rights • Numeracy, if needed (10 - 15 Hours) • Individual Participation Plan • Vocational Training (40 - 70 Hours) E RS AR KE EN A M -M O N W ISIO EC D In the countries where Women for Women International works, war leaves women all the more vulnerable, even years after the fighting has stopped. In country after country – for example, Rwanda, where 800,000 people were killed in a matter of weeks – the world has seen how quickly violence and conflict can destroy lives, and leave a legacy of death and destruction for an entire country. And we have also seen that while a society can be destroyed virtually overnight, the work to rebuild takes decades. Women for Women International’s program addresses the needs of women in war-torn countries in a holistic way. We provide emotional support, encouraging women to set aside the silencing effect of trauma and share their experiences with one another. We educate them about their legal rights. We provide life-skills training in health and hygiene, basic numeracy, and household budgeting. The life-skills program places great emphasis on the importance of savings, both to protect against the unknown and as a means to achieve specific goals: repairing the house, investing in business, and ensuring children’s education. As each woman advances through the program, she chooses an incomegenerating activity that suits her talents and interests, and WfWI teaches her the business and vocational skills she needs to succeed in her chosen field. Finally, WfWI provides access to the income-generating activities where she can apply what she has learned and actually start earning money and building long-term economic stability. N O M TH EN L M EL O W EW AR STRONG LIVES IN FRAGILE COMMUNITIES Forced marriage, domestic violence, death in childbirth, rape, and even sexual slavery remain widespread – to say nothing of the denial of education or employment, and the other forms of routine discrimination women and girls still face. MODULE II AWARENESS, PROTECTION AND PREVENTION WHAT WE DO In much of the world, it is dangerous to be a woman. • Community Assessment • Recruitment • Participation Agreement (Enrollment/Baseline Data Collection) = + ACCESS TO KNOWLEDGE AND EXPRESSION OF VOICE ACCESS TO AND CONTROL OF ECONOMIC RESOURCES 4 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 5 HOMESCHOOLING IRAQ One of the silent casualties that war inflicts on normal life is to children’s education. In Iraq, Women for Women International participants are providing a vital means for children to continue learning despite ongoing violence and displacement. Hundreds of WfWI-Iraq participants have completed intensive teacher training to prepare them to hold classes in their own homes. Training is highly participatory and experiential, and covers core curriculum, lesson plan preparation, childhood development and different learning styles, teaching techniques, classroom discipline and management, and insights into child psychology, with an emphasis on helping troubled children. WfWI-Iraq participants are also trained how to teach in a multi-grade classroom, since the homeschools must serve children of different ages. Despite the greater challenges of the homeschool setting (and the volatile security conditions that make it necessary), the WfWI WHAT WE DO WOMEN AT WORK Women for Women International takes a practical, community-based approach to its work of helping women recover from war and thrive even in countries living with the legacy of conflict. We understand that women need more than life skills and vocational training, important as those things are. They also need ways they can actually apply what they have learned and start earning income. WfWI’s income-generating initiatives help provide a pathway through that “last mile” each woman must travel from vulnerability and dependence towards confidence and economic empowerment. The businesses WfWI participants undertake vary based on their own circumstances (family responsibilities, interests and talents, physical strength) and on what the market demands. So program participants engage in everything from farming to handicrafts, from traditionally female activities such as food preparation to brickmaking and construction. 6 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT THESE WOMEN ARE NOW ESTEEMED PROFESSIONALS WITH A SKILL THAT HELPS THEM SUPPORT THEIR OWN FAMILIES AND STRENGTHEN THEIR NATION’S FUTURE. BEEKEEPING KOSOVO In a tiny country where nearly 60 percent of women are unemployed, WfWI-Kosovo participants are earning an estimated average income in excess of $80 per month – through beekeeping. This innovative program provides intensive training in keeping the bees healthy, handling them safely, collecting the honey, and marketing, distributing, and selling the product. With its usual attention to program integration, WfWI also trains its participants in the carpentry program to build the frames that house the beekeeping hives. By the end of 2011, one of the two beekeeping programs, the Bleta e Tices Association, had increased its number of beehives from 36 to 52. The other, Okarina e Runikut, jumped from 85 to 127. All told, the beekeeping operation produced an average of 10.4 kilograms of honey per member in 2011, and 60 percent of it sold (with the rest retained for household consumption). participants are committed to excellence and receive intensive training to understand the characteristics of an effective teacher. WfWI-Iraq graduates who have completed the training report teaching between 4 and 12 children in their homeschools, and earning between $150 and $250 a month, a viable wage in that market. In addition to using the professional preparation and materials WfWI-Iraq provided, the women report using the bookkeeping skills acquired during life-skills training in order to keep track of income and expenses. Many had also honed their Internet skills to stay up-to-date about teaching methods. All graduates expressed the special joy of enabling a struggling child to bring home good grades or qualify for national exams. These women are now esteemed professionals with a skill that helps them support their own families and strengthen their nation’s future. During the second half of 2011, the project training activities focused intensively on technical subjects of honey harvesting, post-harvest honey processing, use of medication to prevent parasites and keep the bee families healthy, and preparation and closing of beehives for the winter hibernation. These efforts paid off. WfWI technical experts report that not only has production increased, the quality of the honey has improved significantly. The women’s business skills have kept pace with their technical skills, and they are able to write business plans, apply for loans, and negotiate confidently with purchasers and suppliers. And thanks to the power of building networks and alliances, the two beekeeping associations are now linked with the relevant government ministries (agriculture, forestry, rural development, trade, and industry) that provide additional capacity training and market outlets. WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 7 WHERE WE WORK OUR GLOBAL FOOTPRINT Women for Women International works with socially excluded women in eight countries where war and conflict have devastated lives and communities. Each woman we serve has her own story–some of loved ones murdered, and others of physical and emotional trauma. Most have endured a struggle for survival. WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 9 AFGHANISTAN Afghan women fear that the gains of the past decade could be erased overnight if the Taliban return to power. Women’s economic and social rights have taken a back seat as political power brokers seek stability in Afghanistan. The NATO Summit held in the spring of 2011 to discuss post-2014 Afghanistan made no mention of the progress Afghan women have made during the past 10 years, and included no explicit commitment to enforcing the Afghan Constitution’s guarantee of women’s equality. 2002 Program Inception Women for Women International continues to provide Afghan women with access to resources to prepare for whatever the future may hold and to meet their present challenges – already considerable, in a country where more than 87% of women have experienced abuse or forced marriage (OXFAM, 2011) and 90% of rural women are illiterate (UNESCO). By the end of September 2011, the number of women graduates who were participating in community activities increased to 79%. WfWI-Afghanistan graduates post similar double-digit gains in terms of income and rates of savings. And while still in the pilot stage, the Men’s Leadership Program has had success in changing for the better the way men, including religious leaders, regard women’s rights. Along with rights awareness classes and emotional support, Women for Women International’s program in Afghanistan includes job-skills training in such courses as: • • • GEM-CUTTING: Taking advantage of Afghanistan’s rich natural resources and giving women a skill to help them earn an income by cutting gems for jewelry. POULTRY: Participants are trained in the care and feeding of the birds and in selling fresh eggs to local markets. VEGETABLE GREENHOUSES: Provide women with access to a source of fresh food as well as produce to sell at local market. Other vocational tracks include Goat keeping, Beekeeping, and Rug weaving. Among Women for Women International – Afghanistan program participants and graduates: AFGHANISTAN BY THE NUMBERS 10 ENROLLMENT GRADUATION* Average daily income $0.23 $1.02 Saving a portion of income 2% 79% Knowledge of nutrition 9% 91% Knowledge of rights 27% 94% Participating in social networks and safety nets 39% 63% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 8,698 37,908 5,503 68,131 $679,700 $26,327,297 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT (Excluding Microcredit) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 11 BOSNIA AND HERZEGOVINA For Women for Women International, Bosnia and Herzegovina was where it all began. Founders Zainab Salbi and Amjad Atallah were as horrified as the rest of the world upon hearing the early 1990s reports of the rape camps and the other atrocities committed against women during the Balkan Wars. But unlike so many others, our founders were moved to action, raising small donations among friends and churches and travelling to the Balkans personally to launch Women for Women International. Twenty years later, the program launched in Bosnia and Herzegovina has been proven effective and has been adapted to other conflict-affected countries. 1994 Program Inception In 2011, WfWI-Bosnia and Herzegovina adapted its program to listen to markets. Participants were taught cultivation of medicinal and aromatic plants, such as hyssop, calendula, chamomile, flax, and Echinacea. Other tracks include: • • • • • • Dairy production Greenhouse management Beekeeping Berry cultivation Elderly and child care Handicraft design Among Women for Women International – Bosnia and Herzegovina program participants and graduates: BOSNIA AND HERZEGOVINA BY THE NUMBERS 12 ENROLLMENT GRADUATION* Average daily income $1.57 $2.67 Saving a portion of income 30% 76% Knowledge of nutrition 95% 97% Knowledge of rights 79% 99% Participating in social networks and safety nets 2% 11% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 6,697 34,064 18,085 129,622 $459,850 $58,859,927 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT (Excluding Microcredit) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 13 THE DEMOCRATIC REPUBLIC OF THE CONGO Basic sanitation and clean drinking water are scarce in the DRC, especially in rural areas. In addition to poor physical health standards, WfWI program participants in the DRC experience tremendous psychological stress due to physical violence and the ongoing conflict. During WfWI’s 12-month program, women are trained in areas of physical and mental well-being. They are placed in groups that become a support network while they go through the intensive and life-changing experience. Then they choose from twelve income-generating tracks: 2004 Program Inception • • • • • • • • • • • • Agriculture Soap making Tie-dye Small business management Bread making Ceramics Tailoring Brickmaking Beauty care Cooking Tannery Basket making Among Women for Women International – DRC program participants and graduates: THE DEMOCRATIC REPUBLIC OF THE CONGO ENROLLMENT GRADUATION* Average daily income $0.64 $1.23 Saving a portion of income 14% 91% Knowledge of nutrition 4% 99% Knowledge of rights 5% 98% Participating in social networks and safety nets 10% 77% BY THE NUMBERS 14 *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 22,171 58,127 28,692 155,656 $1,900,066 $7,477,889 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 15 IRAQ Nine years after the fall of the Iraqi dictatorship, chaos has replaced totalitarian rule and chronic violence is essentially the new normal. For younger Iraqi women coming of age, displacement and the constant threat of harm are all they have ever known. Many struggle to meet basic needs. Women for Women International provides women with opportunities for self-sufficiency through rights awareness classes and vocational training in: • • • • • • 2003 Homeschooling (see related story, page 7) Hair dressing Embroidery Date canning Beekeeping Candle making Program Inception Among Women for Women International – Iraq program participants and graduates: IRAQ BY THE NUMBERS 16 ENROLLMENT GRADUATION* Average daily income $0.02 $1.76 Saving a portion of income 3% 60% Knowledge of nutrition 45% 98% Knowledge of rights 31% 94% Participating in social networks and safety nets 10% 57% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 5,213 10,999 1,145 6,894 $317,250 $1,243,106 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 17 KOSOVO Although Kosovars are proud of their recent independent status, major challenges remain in a country where average annual income is among the very lowest in Europe and unemployment among the highest – nearly 60 percent among women (UNDP 2012). Women for Women International in Kosovo works to enhance the status of women in the family, to make their needs more visible and more of a priority. As part of this effort, WfWI-Kosovo works to release women from the fear and shame they feel about their wartime experiences. Kosovo was the site of some of the most savage violence against women, but to date only a small number of rape victims have sought the help they need. As the women heal, they begin to see themselves as capable citizens and economic actors. Among the vocational tracks: 1999 Program Inception • • • • Handicrafts Horticulture Beekeeping (see related story, page 7 Dairy production Among Women for Women International – Kosovo program participants and graduates: KOSOVO BY THE NUMBERS 18 ENROLLMENT GRADUATION* Average daily income $0.06 $0.43 Saving a portion of income 2% 31% Knowledge of nutrition 41% 78% Knowledge of rights 62% 68% Participating in social networks and safety nets 0% 6% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 2,753 28,569 3,671 69,108 $176,597 $3,142,412 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 19 NIGERIA Fostering women’s economic independence is of the highest importance, and one of the most successful WfWI incomegenerating projects has been the new Poultry Marketing Initiative. Poultry is a preferred food in Nigeria, and demand far outstrips supply – a great opening for the WfWI participants. WfWI-Nigeria women have demonstrated a high level of business responsibility, forming cooperatives to complete construction of the processing facilities, stepping up to assume leadership roles, and forging market partnerships with local grocers, hotels, and restaurants. Other tracks include pig-raising and trading. 2000 Program Inception Among Women for Women International – Nigeria program participants and graduates: NIGERIA BY THE NUMBERS 20 ENROLLMENT GRADUATION* Average daily income $0.56 $1.42 Saving a portion of income 61% 96% Knowledge of nutrition 21% 91% Knowledge of rights 23% 89% Participating in social networks and safety nets 68% 97% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 11,965 40,996 17,025 177,658 $643,252 $4,920,531 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 21 RWANDA Nearly 20 years after a genocide that stunned the world, Rwanda is at peace and women are leading the way. They hold almost 60 percent of the seats in parliament and head one-third of the households. Most of those female-headed households, however, are seriously impoverished, making WfWI’s income-generating support critical. An example of a successful partnership in Rwanda is with Gahaya Links, a broker of export-quality traditional baskets, home décor, and jewelry, which currently employs more than 200 graduates of the WfWI-Rwanda program. Working an average of four hours a day, these women earn a daily average of $1.00 to $1.67 – compared to an average of just $0.48 prior to program enrollment. Along with the Gahaya Links partnership, other vocational tracks include: 1997 Program Inception • • • • • Tailoring Hair plaiting Livestock Brickmaking Bread making Among Women for Women International – Rwanda program participants and graduates: RWANDA BY THE NUMBERS 22 ENROLLMENT GRADUATION* Average daily income $0.48 $0.95 Saving a portion of income 44% 99% Knowledge of nutrition 34% 86% Knowledge of rights 27% 90% Participating in social networks and safety nets 44% 86% *Results from a survey of women who graduated between January 1, 2011 and December 31, 2011. 16,403 49,466 13,993 151,341 $791,042 $5,661,788 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 23 SOUTH SUDAN July 2011 brought official independence to South Sudan – but not the peace-dividends many had hoped for. For women, the odds of dying in childbirth are greater than the odds of learning to read or write. Most Women for Women International participants in South Sudan choose upon graduation to earn income by running their own small business, often tied to agriculture (selling eggs, milk, or produce). 2006 Program Inception Among Women for Women International – South Sudan program participants and graduates: SOUTH SUDAN BY THE NUMBERS 24 ENROLLMENT GRADUATION* Average daily income $0.20 $0.85 Saving a portion of income 23% 84% Knowledge of nutrition 17% 61% Knowledge of rights 58% 74% Participating in social networks and safety nets 9% 89% * South Sudan enrollment data is representative of graduates from January to March 2012. South Sudan graduation data is representative of graduates from April to July 2012. 4,649 9,209 1,959 8,704 $323,791 $1,072,871 women served in 2011 Cumulative women served (through mid-2012) Letters exchanged during 2011 between sponsors and participants (includes only those letters processed by WfWI headquarters) Cumulative number of letters exchanged (through mid-2012) Total funds distributed 2011 Cumulative total funds distributed (through mid-2012) WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 25 WHY IT MATTERS For 20 years, Women for Women International has been helping women and building networks to support them. Women for Women International is helping to build a more just and peaceful world. When 10% more girls stay in school, a nation’s GDP increases on average by 3%(1). And nations where women hold at least 30% of the seats in the political bodies are more egalitarian, democratic, and stable.(2). IN 2011, WOMEN FOR WOMEN INTERNATIONAL REACHED MORE WOMEN WITH MORE AND BETTER PROGRAMS. (1) World Bank, as cited by Council on Foreign Relations, 2004. (2) UN Millennium Project WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 27 2011@ A GLANCE $108.7 MILLION distributed in training stipends and other program services LASTING CHANGE CAN ONLY OCCUR WHEN WOMEN HAVE ACCESS TO KNOWLEDGE AND TO (OVER $5.3 MILLION IN 2011) 1993 LETTERS EXCHANGED BETWEEN SISTERS 1 RESOURCES. SO WOMEN FOR WOMEN INTERNATIONAL’S PROGRAM IS ORGANIZED INTO THREE STAGES: 1 DIRECT AID COUNTRIES WHERE WE WORK 767,000* WHY IT MATTERS CREATING AWARENESS: Improving women’s access to knowledge about their own value. Awareness of the importance of women’s rights and societal roles. PROMOTING BEHAVIOR CHANGE: Encouraging a woman’s willingness to actively make 2 decisions in her family and community, apply knowledge to maintain physical and psychological wellness, to form or join women’s and community groups, and take advantage of economic opportunities. ENABLING ACTION: Providing opportunities to develop personal and group plans for action to allow 3 women to become active citizens individually and in solidarity with other women. Women obtain access to essential financial services (especially savings), legal assistance, income-generating activities, and social networks. (90,073 IN 2011) 2003 *All cumulative figures as of June 2012 6 1 WOMEN SUSTAIN AN INCOME Globally, graduates reported an average daily income of $1.47, compared to just $0.68 at enrollment Globally, 83% of graduates reported saving some portion of their income, compared to 27% at enrollment WOMEN ARE DECISION-MAKERS 2011 8 351,000 TOTAL WOMEN SERVED 2 93% of graduates reported that they knew and understood their rights, compared to 34% at enrollment 73% of graduates reported voting in recent elections, compared to 53% at enrollment 67% of graduates reported educating another woman on her rights, compared to 8% at enrollment 3 WOMEN ARE WELL 93% of graduates reported having knowledge of good nutrition, compared to 36% at enrollment WOMEN HAVE SOCIAL NETWORKS AND SAFETY NETS 4 76% of graduates reported attending community activities, compared to 37% at enrollment 61% of graduates reported participation in social networks, compared to 23% at enrollment (78,549 IN 2011) Please note that global outcome data is representative of all women who graduated from the WfWI program in 2011, with the exception of South Sudan. South Sudan enrollment data is representative of graduates from January to March 2012. South Sudan graduation data is representative of graduates Represents 10,000 Women 28 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT from April to July 2012. WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 29 WHO MAKES IT HAPPEN PORTRAIT OF SISTERHOOD More than 80,000 people have chosen to become sponsors and sisters since Women for Women International was founded. Together, they have exchanged more than 730,000 letters, sharing practical and moral support, getting to know each other, finding common ground. Here is one of their stories. BOARD OF DIRECTORS SUPPORTERS WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 31 PORTRAITS OF SISTERHOOD CHRIS RUD VICTORIA, MINNESOTA Chris Rud figured out early that she was not cut out to be a full-time stay-at-home mother. Married at 19, Chris had two children by the time she was 23. Now 62, she says she remembers clearly having “the talk” forty years ago with her husband, whom she still describes as the love of her life. “Stan came home from work one evening and I said ‘I have got to get out of this house a little or else one of us could end up dead!’” Chris recalls saying half-jokingly to him. What started out as a bid for sanity became a serious career and a lifelong passion for women’s economic empowerment. Chris went back to school, earning a two-year degree, and then found a job. A few years later, she went back to school again for a bachelor’s, and then for a master’s from Pepperdine University. Her chosen career was the then-nascent field of human resources. From her own experience, she knew how little support – practical or moral – was available to women who wanted or needed to work outside the home. Chris says her own husband supported her ambitions completely, not only providing the necessary financial resources but stepping up his own efforts to keep the household running smoothly. But in those days in the 1970s, she also faced stigma and judgment, including from her own mother. And she was struck by the countless subtle ways the workplace was culturally designed to recognize and reward men. These early experiences set Chris on a lifelong path of research and advocacy for women’s issues, a path she had already long been travelling when she and Stan tuned into the television show 60 Minutes a few years ago. They saw a segment on Women for Women International, and after doing a little online research, Chris decided to become a sponsor. “I appreciated the way Women for Women International stresses incomegenerating as part of empowerment,” Chris 32 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT JOSEPHINA DEMOCRATIC REPUBLIC OF THE CONGO says. “Whether a woman is working for money or not at any given moment, self-sufficiency means knowing that you can take care of yourself.” Chris remembers clearly the day that she knew that she could support herself and her daughters on her own. It was a defining moment in her life. Certainly that is a principle that Chris’s Congolese “sister,” Josephina Twisenge Nyakamwe, takes very much to heart. (See related story.) Thanks to Chris’s sponsorship, Josephina was able to expand her farming activities beyond the subsistence level, increasing the size of her goat herd and purchasing an additional tract of land on which she grows cash crops. Josephina also diversified into manufacturing a form of fuel briquettes through a program sponsored by the Congolese government. The briquettes provide an additional source of income for Josephina and a more environmentally conscious fuel source for her community than the typical charcoal or firewood. In the meantime, Chris is hard at work on a book project, interviewing corporate board members and “C-suite” (chief executive, operating, and financial officers) executives about the experiences of women on the top team or in the boardroom. The book argues that some of the differences between the ways men experience the workplace and the ways women do stem from innate gender differences. The challenge is for the workplace culture to become gender neutral. “It’s not about doing women some big favor,” Chris stresses, “and it’s not as if men’s ways are right and women’s are wrong, or vice versa. But the differences between men and women are real, and until now, it’s been up to women executives to fit into the business culture, men’s culture. The research proves that we are past the point where that will work anymore.” A LETTER OF HOPE My dearest friend Rud, Hello. I am Josephina. I am 31. I am a cultivator and seller of beans. My husband’s name is Sengiyunva Masumbuko. He is 38 and he is a cultivator. I have 7 children. 1. Muhire Neema: She is 13. She is a pupil. 2. Samson: He is 10. He is a pupil. 3. Salama: He is 8. He is a pupil. 4. Mariamu: He is 6. He is a pupil. 5. Nikuze (A girl): She is 4. She hasn’t started studying. 6. Amani (A boy): He is 3. 7. Rahati (A girl): She is 1.5. I thank you for the help that you sent me. It helped me to sell beans and have my fields cultivated. Sincerely Yours, Like everyone in the Rubare area of the Democratic Republic of the Congo, or DRC, Josephina Nyakamwe and her husband, Sengiyunva Masumbuko, have been affected by the recurring conflict that has plagued the region. The territory has long been a stronghold for paramilitary forces whose presence has led to heightened instability for civilians. Extortion, harassment, and looting have been chronic dangers resulting in widespread internal displacement of the local population. When a fragile peace first came to Rubare about two years ago, Josephina wasted no time. She enrolled in Women for Women International’s (WfWI) program to improve her agricultural skills and increase her family’s economic stability. Josephina eagerly followed all the life-skill topics and was especially motivated by the sessions about household finance, in which women are encouraged to earn income and be productive. With support from her WfWI sponsorship funding from her “sister,” Chris Rud, Josephina bought a goat in May 2010. Today she has expanded her herd to five goats (three female, two male), all of which are healthy and reproducing. While enrolled in the WfWI program, Josephina also learned about another program offered by the ICCN (the Congolese Wildlife Authority) which was training women to manufacture fuel briquettes. The briquettes provide a more environmentally conscious alternative to charcoal and firewood, the two fuel sources that are most widely used but which produce harmful air pollution and deforestation. As soon as she heard about the ICCN opportunity, Josephina seized that as well. After going through her ICCN training, Josephina received a briquette-making machine and was designated as one of the official briquette suppliers for her locality. So far, she has delivered more than 75 sacks of the briquettes. At $5 per sack, she has already earned $375, a considerable sum in the DRC where average annual income is $210. After graduating WfWI’s program, Josephina decided that she should have a farm of her own. She purchased a 1,750 sq meter tract on which she cultivates cassava, maize, and a type of local bean known as kabulangeti. The proceeds from her farming operation increase her income by more than $290. Thank s to the skills and confidence she acquired with Women for Women International, Josephina has created a much more economically stable and hopeful future for herself and her family. Her school-age children are all enrolled, and she continues to expand her businesses, recently becoming one of the briquette suppliers for two ICCNsponsored bread-baking operations. She is proud to be part of a Congolese initiative to reduce tree-cutting in the environmentally sensitive Virunga Park and to be generating needed income for her family at the same time. Josephina WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 33 MAJOR CONTRIBUTORS LEADERSHIP 2011 US BOARD OF DIRECTORS Mary Menell Zients Chair Christine Fisher Vice-Chair Leigh Comas Treasurer UK BOARD OF TRUSTEES Deborah David Chair Lady Anne Greenstock Vice-Chair Celia Cattelain Treasurer Katherine Borsecnik Secretary Jewelle Bickford Deborah Maxwell Chande Amjad Atallah Andrea Bernstein Jewelle Bickford Lucy Billingsley Jan Brandt Deborah David Karen Fitzsimmons Deborah L. Harmon Danuta Lockett Sharon Marcil Len Middleton Barbara Perlmutter Nancy Rubin Cynthia Ryan Zainab Salbi Sheryl Sandberg Elizabeth Clark Zoia Jonathan Da Costa Christine Fisher Penny Holmes Diana Saghi Kawkabani Andy McQuin Lady Hannah Lowy Mitchell Elizabeth Padmore Zainab Salbi Mercedes Zobel INDIVIDUAL DONORS List reflects individuals whose 2011 donations exclusive of sponsorship totaled $1,000 or more. We regret that space limitations prevent us from listing all our supporters, including the 30,000+ sponsors of individual ‘sisters’ and the dedicated volunteers who collectively donated more than 3,400 hours during 2011. A Anonymous (18) Mussarat Abidi Hermine Aborn Amy Peck Abraham Liaquat and Meena Ahamed Donna Alberti Jean Aldwell Frances Alexander Foundation Kay Allaire Patricia Allen Abby Alter Michael Altman and Alexandria Stewart Sonia Amira Faranak Amirsaleh Edwin Anderson Linda Anderson Michelle Anderson Victoria Anderson Cecelia Anderson-Malcolm Kyle Andrew Kathy Angele Jan Ankarcrona Priscilla Annamanthodo Matiki Anoff Alice Arlen Cinday Aron Debora Ashland Amy Askins Anne Aversa Yoko Ax B Jean Baderschneider Julia Bailey 34 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT Andrea Bainbridge Carol Baker Beth and Steven Bangert Joyce Banzhaf Sandra Barnes Cecily Bastedo Andrea Batista Cheryl and David Battan Beverly Battle Alice Beasley Steve Beck and Candice Eggers Susan Beck Virginia Beltrami Marc Benda Elisabeth Bengtson Dale and Max Berger Michael Berman Craig Bernfield Josh and Lisa Bernstein Tamara Bernstein Andi and Tom Bernstein Carolyn Bibb Jewelle and Nathaniel Bickford Alice Bierhorst Nancy Biggs Kjestine and Peter Bijur Lucy Billingsley Clara Bingham and David Michaelis Elizabeth Birch Lynn Bishop Cathleen Black Sam Blainey Michael Blanchette Terry Blanken and Dennis Swartzlander Susan Blaustein Arlo Blocher Barbara and James Block Carroll Bogert Linda Boggess Marie Bogues Alison Bommarito Binka Bone Claudia Bonnist Elise Scheck Bonwitt and Gil Bonwitt Katherine Borsecnik Robyn Bowden Alexandra Boyd Kathleen Boyes Dianne Brakarsh Elizabeth Bramwell Kim Brandstater Patti Breitman Alfreda Brewer Michelle Brimley Carolyn Brody Vanessa Bronfman Chad Brown Deborah Brown Joann Brown Lisa Brown Constance Broz Sharon Buckley Nina Buckley Anna Bulgari Sally Burlington Barbara Burns Catherine Burns Jane Bush Jeffrey Bussan Pamela Buzbee Diane Byerly C Stephanie Cabot Sara Cady Susan Caine Susan Caldwell Catherine Cameron and Stuart Oskamp Ian Cameron and Susan Rice Andrea Capachietti Suzi Carp Paula Carreiro Richard Carter and Mary Ann Walsh Barbara and Brian Robinson Heidi Casasco Roberta Case Molly Casey Geraldine Casey Celia and Nicolas Cattelain Vee Chandler Bobbie Chapman Polly Cherner Lynn Cherney Jolene Cherry Lois Chiles WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 35 MAJOR CONTRIBUTORS Diane Christensen Sammy Chu Anar Chudgar Nancy Rutter Clark and Christopher Dewey Deborah Clayman Martha Clifford Katharine Cloud Martin Cobb Susan Cochin de Billy Deborah Cochrane Ralph Cohen Marcy Cohen JoAnn Cohn and Mary Sue Rosenthal Joanna Coles Samantha Collins Dan and Leigh Comas Nancy Cooley Marsha Cooper Jill Cordes Regine Corrado Baker Jennifer Corzine-Pisani Catherine and Randy Coste Delores Cowan Joyce Cowin Benjamin Cranston Monica Craun Melissa Crawford Simon Crosby Lynda Crouse Bonni and Pete Curran Ann Curry Evelyn Cuttino Donna Cygan D Sharon D’Agostino Michael D’Amato and Susan McIntosh Luciana Damon Pamela Daniels Kathryn Daniels Jane Daniels Patricia Danner Leanne Darling Deborah David Kathryn W. Davis Jennifer Davis 36 Christopher and Sharon Davis Sarah Davis Juliet de Baubigny Leona DeBoer Barbera de Bruyn Therese DeGroot Sandrine DeLaage Catherine DeMassiac and Pedro Figueredo Laura Devlin Mary Dickie Katherine Dickson Linda Diehnelt Jean van Haaften DiMarino Lisa Donahue and John Patton Louise Donovan Paul Dooley and Winifred Holzman-Dooley Julie K. Dotterer Linda Douglass and John Phillips John Doumanian Beth and Ronald Dozoretz Charlotte Drew Dina Dublon Antonia DuBrul Lisa Duke Peggy Dulany Randi Dunn Consuelo Duroc-Danner Kira Faiman Susan Fant Tara Farrelly Francesca Fazzolari Evelyn Ferguson Lourdes Fernandez Joyce Fieldsteel Lori Finkel Audrey Finley Elizabeth Schussler Fiorenza Darin Fisher Mary Fisher E G Sophia Eberhart Martin Edelman Lynn and Wesley Edens Christina Elkins Suzanne Ellis Katharine and Thomas Ellis Christine Ellis Donna Ellis Rasha Elmasry Melissa Epple Anne Esbenshade Andrea Escher Ann Marie Etergino Fredda Evans Ruth Galanter Judie Ganek Mala Gaonkar Karen Garby Andy and Fiona Garland Peggy Gartner Elsa Gary Maureen and Ronald Gassner LaRae Gayler Deborah Geary Annette and Fred Gellert Jayne Germer Jaclyn Gerstein Ellen Ghasemi Paola Gianturco Kathryn Gilbert Patricia Gilberts F Barbara and Thomas Fabricius WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT Linda Fisher Christine and Todd Fisher Karen Fleiss Patricia Flores Kathleen Vignos Folsom Thomas Fontaine Kyle Forman Wendy Foster Jamia Foster Amy Fox Dara Freed Norman and Shirley Frees Dawn Frevert Barbara and David Fromm Evi Fullenbach MAJOR CONTRIBUTORS Terry Gilmore Karen Gilmore Denise Glassman Dan and Rhoda Glickman David Goldberg and Sheryl Sandberg Constance Golden Neal Goldman Carla Goldstein Victoria Gomez-Trenor Alejandra and Juan Gonzalez Penelope Goodfriend Eileen Goodis-Strom Susan Goodwin Jill Gordon Sonia Gordon Tamar Rochlin Gottstein Seymour Grabel Gavin and Odile Granter Kim Greenberg Stephen F. Greene George Greenfield Helen Greenspan Pamela Greer Marybeth Gregg Julia Griffiths Pamela Grissom Stephanie Gromek Margaret Guidici H Regina Hablutzel Lillie Hackney Sabiha Hai Francine Halberg Patricia Hall Heidi Hall Jane Halsey Alice Hameed Courtney Hamilton Jeanne Hamilton Hilary Hamlin Liz and Todd Hammer Lauren Hammock Shirl Handly Debbie Harmon Jane Harmon Joy Mclean Harris Maxine Harris Joy Harrison Charlene C. Harvey Wendy Hauenstein John Hawkins Alison Hawkins Agnes Hayden Cheryl and George Haywood Kristen Hazel Jan Hazelton Jamie Healer Laurie Jacobson Jones Mary Jane Jones Pamela Jones Elizabeth Jordan Victoria Joseph Linda Joyce Judy Judd Miriam Judlowe K Donna Healy Chris Hendrickson Rachel Hestilow Larry Heuer and Margaret Morrison Connie and Larry Hickle Frances Hieronymus Joseph Highland Alison Hodges Debi Hoffmann Hannah Holland Jeffrey and Sheila Hollender Jeffrey Holmes Sheryl Hoot David Hoover Roni Horn Beverly Howland Theresa Hursh Eleanor Huyman Propp I-J Mary Irwin Maxine Isaacs Jill and Kenneth Iscol Linda Jackson Patricia Jackson Christine Jacobs William Janetschek Christina Jennings Chandra Jessee Claire Johnson Colleen Johnson James Johnson Mari and Steven Johnson William Johnston Susan M. Kaanta Living Trust Carol Kabureck Mickey Kantor and Heidi Schulman Robert Katz Paramjit Kaur Linda Kaye Crysta Kearney Elizabeth Keffer Ross Kelman Donald Kendall Jr. and Kendall Ann Webb Jaideep and Rachel Khanna Chere Kilbane Albert Kirschbaum Larry Kitzman Meg Kiuchi Brooke Knapp Sarah Knowles Marjorie Koldinger Nancy Komick Holly Koncz Janie and Jason Konidaris Dottie Koontz Sarah Koss Mary Kostman Irene Kress Richard Kuhn and Kay Tarapolsi Bonnie Kulenkamp Barbara Kyse L Maria Lagomasino Melissa Jean Lambert WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 37 MAJOR CONTRIBUTORS Danielle LaPorte Catherine Larned Ken and Nancy Larner Jeanne Larssen Nancy Lashine Michelle Lasser Elaine Latkovic Denise Lavetty Stephen Lavine Karen Lawson Maacha Le Blanc Serge Learsy Megan Leboutillier Aileen Lee Nancy Lee Cindy Leech Lisa Lehman Jennifer LeMaigre Suzanne Lerner Martha Levine and Howard J. Sedran Morelle I. Levine Ping Li Barbara Lidsky Ellen Lieben Barri Lieberman Stephanie Listokin Deborah Lloyd Danuta Lockett Dorothy Lockspeiser Bette Lord Barbara Lord Rachel Lovejoy Barbara Lowery Dianne Lucas M Annie Maarleveld Clara MacNamee Jeanene MacLean Anne and Vincent Mai Paul Makley Barbara Malatesta Estate of Jeanne R. Mallet Falisha Mamdani Tonia Manley Mary Parke Manning 38 Sharon Marcil and Thomas Monahan Kathy Marshall Jean Martin Ruth Martin Kim Masone Dale and Edward Mathias Linda Mayne Mary Mazur Diane McArter Ashley and Avery McCall Paul McArthur Kelly McClain Eileen McDonagh Cara McFadden Betty McGovern Revocable Trust Rose-Ann McGregor Cleon and Sabrina McKnight Mary McMahon Maria McManus Victoria Meakin Christina Mednick Kenneth Mehlman Amy Meltzer Irene Menell Monica Menell-Kinberg Bernadette Menghini Joyce Menschel Toni Merrick Melissa Meyer Sandra Meyer Betsy Michel Janet Miller Susan Miller Tollie Miller Jocelyn Mini Elaine Mininger Elizabeth Mirza Sevil Miyhandar Elizabeth and John Monagle Medora Monigold David Monks Helen Moore Muriel Mora Susan Morgenthau Lori Morris Lea Morrison Patricia Moser WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT Toshiko Movi Nancy Moyle Mary Ann Mullaney Victoria Muller Ellen Murphy Lissa Muscatine Ed Myers and Susan Sterling N-O Beata Nasra Walter Negro Gesemia Nelson Ruta Nickson Darcy Nielson Christine Nusse Jane Oakes Patricia O’Connor Maura Odell Brendan O’Donnell Judy O’Donnell Bradley O’Halla Catherine O’Halloran Amy Olesky Rita Olson Patti O’Neill Susan Opengart Stephen Orr Joan Osborne Paul Ouzts Jeanna Owens P Gretel Packer Chris Paradysz Mary Heather Parch Cheryl Parrish Katya Partan Margaret Keon Partridge-Hicks Mary Patterson Vance Patterson Brian and Jessica Patton Barbara Perlmutter Margot Perot Ruth Peterson Rachael Pettus MAJOR CONTRIBUTORS Susan Phillips Julie Piepenkotter Gillette Piper Carole Pittelman Joanne Plunkett Kirsten Poler Stacy Polley Ramu and Uma Potarazu Jocelyn Pritchett Margot Pritzker Ana Priu Blanche Provenzano Soula Proxenos Q-R Sadaf Quddusi Michelle Quick Phillip Quinn Elise Rabekoff Larry Rail Emily Rales Steven Rales Rayme Ramanik Mark Ramsey Susan Randolph L.B. Rappaport Jane Rasmussen Margaret Ratheau Pamela Reck Eric and Katherine Reeves Amy Regan Betty and Gerard Regard Karen Reierson Polly Reynolds Grace Richardson Randolph Richardson Sr. Sherry Johnson Richardson Lisa Rico Ranny Riley Pilar Crespi Robert Arthur and Toni Rembe Rock Rita Rodriguez Mary Ellen Rogers Anna Lyons Roost Rick Rosenthal and Nancy Stephens, in conjunction with The Rosenthal Family Foundation Donna Ross Diana Rowan Miles and Nancy Rubin Donald and Shelley Rubin Jun Rung Amy Rush Beth Rustin and Lee Stettner Margaret Ryan Alison and John Shulman Alexandra Shuman Karen Shuman Sandra Shuster Jennifer Silberman Joshua Silverman Robin Simmons Andrée Simon Linda Simpson Daniel Slawson Nicki Smaldone Cherida Smith S Carolyn Sabat Diana Saghi Ellen Sahadi Mona Salah Sheri Salata Zainab Salbi Karen Saltus Deb and Michael Salzberg David Sandberg and Amy Schefler Carol Saper Marlene Sapinsley Dick and Pamela Sauber Mr & Mrs B. Francis Saul II Elizabeth Schaper Linda Schejola Laura Scheuer Cynthia Schroeder Tania Scotti Becki Seddon Lisa See Rene Sellen Andrew Senior Andrew Seputis Linda Settle Juliet Shackell Kathryn Shahani Janet Shapiro Donna Shaver Charlotte Shealy Sandy Shelton Julie Sherfinski Karen Sherman and Bill Wasserman Peggy Shiffrin Marc Shmuger Robyn Shore Christopher and Susanne Smith Jean Smith Jill Smith and Pearse Umlauf Julie Smith Kerry Smith Linda Smith Susan Smudz Rachael Solem Alpine Solomon Jennifer Allan Soros Stephen Sperber A.M.L. Spriggs Revocable Living Trust Elizabeth Steele Judy and Thomas Stein Diane and Norval Stephens Melinda Stephenson Mary Stites Kathleen Stiven Carol Stoddard Leila Straus Stacy Strehlow Nancy Strelau Adam and Valerye Strochak Maureen Sullivan Joan Sundstrom Susan Swanezy Roselyne Chroman Swig Steve Szymanski and Carli Zug T Nanette Taller Phyllis and Richard Taylor Grace Terlecki WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 39 MAJOR CONTRIBUTORS Irene Thalden Caroline Thompson Ancella and Tom Toldrian Julia Tolkan Gail Tomberg Nick and Rachel Tomczek Darlene Tovado Karen Trott Jean Troubh Rachel Turner U-V Meryl Unger Maryann Valbuena Mary Margaret Valenti Kathryn Van Vleit Ingrid T Van Winter Living Trust Christine Vanderpool Susan Vitka W Katherine and William Waddill Florence Wagner Jessica Wagner Sheila Wald Carolyn Walker Townsend Walker Janet Walkow Carol and Cooper Walls Elsa Walsh Randie Walton Sybil Walton Nancy Warfield Josephine Wasney Pamela Waters Daniel Weaver Mary Sandra Weaver Amy Wechsler Patricia Weinbach Brigitte Weinrott Margaret Weiser Phyllis Wender Alison Wheeler Kim Whelan Dana Whitaker Dawn White 40 Anita and Byron Wien Sandra Wijnberg Susan Wilen Andrew Williams Nancy Williams Natalie Williams Sarah Williams Suzanne Williams Diane Wilmot Marian Clair Wilson Mary Anne Wilson Marcia Wilson Priscilla Winslow Charlie Winters Leslie Wittmann Kristen Wolf Lisa Wolf Beth Wolfe Ellen Wolfensohn David and Rebecca Wood Jeff Wood Shirley Woolaway Christine Work Ellen Jacob Wraith Louise Wu Y-Z Linda Yerrill Peg Yorkin David and Kristin Zebrowski Lois Zenkel Phyllis Ziegler Alan Zients Jeffrey and Mary Zients Adam and Elizabeth Zoia WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT COMMUNITY ORGANIZATIONS Agape International Spiritual Center Austin College Church of Israel Church of the Good Shepherd Client 4770 Dartmouth College First Church in Wenham Congregational FirstGiving Gifts in Kind International Global Giving Foundation Global Impact Immaculate Heart Academy International Rescue Committee JustGive.org Mainstreet Moms of Point Reyes Station Mary Wood University Montessori Academy Network for Good Sacred Heart Church Santa Clara University, Women’s and Gender Studies/Student Production Team of the Vagina Monologues TisBest Charitable Gift Cards Wells Fargo Community Support Campaign Westhampton Beach High School CORPORATE AND FOUNDATION DONORS Anonymous (5) The Active Network, Inc. Adelson Family Foundation Agua Fund of the Community Foundation of Collier County Alerding Castor Hewitt LLP The Alexander Navab Charitable Trust Alpern Family Foundation, Inc. Alvin I. Brown & Peggy S. Brown Family Charitable Foundation American Equity Investment Life Ins. Co. MAJOR CONTRIBUTORS American Express Foundation The Anbinder Family Foundation The Andrassy Family Foundation Inc. Apifeni Inc. Ardeshir Falaki Foundation Artemis Real Estate Partners, LLC Avenue Capital Group The Baldwin Family Fund for Peace and Justice Bank of America Corporation Barbara N Rubin Foundation Bell-Clark Family Fund The Betsy and Alan Cohn Foundation, Inc. Blackbaud Inc. Bloomberg L.P. Bradley Charitable Fund Bridgewood Fieldwater Foundation Bristol-Myers Squibb Foundation By Boe Ltd. Cardinal Health Foundation Carnegie Corporation of New York Cascade Foundation of Southern Arizona, Inc. Causemedia Group Chanel Charles and Martha Stevens Charitable Trust The Charles Foundation, Bank of America Co-Trustee Chloe Productions, Inc. CNJ D’Arcy Foundation Community Counselling Service Co., LLC Compton Foundation, Inc. Conklin Family Foundation Corporate Executive Board Fund of the Community Foundation for the National Capital Region Cranbrook Fund Crown Family Philanthropies Danaher Corporation The DarMac Foundation Delaney Family Foundation Fund of the Community Foundation for the National Capital Region Derek and Ellen van Bever Foundation of the Alexandria Community Trust Downey McGrath Group, Inc. eBay Inc. Edens & Avant Investments LP Eileen Fisher Foundation The Ellis Fund Elno Family Foundation, Inc. Erika and Peter Marsh Charitable Fund Ferguson Family Charitable Donor Advised Fund The Fern L. Holland Charitable Foundation Fletcher Bay Foundation Forest City Enterprises Charitable Foundation, Inc. Jerome A. Kaplan and Deena L. Kaplan Family Foundation JFW Foundation, Inc. Joanne.D. Corzine Foundation John M Simpson Foundation Joyce Fund JWJ Family Foundation, Inc. Keare/Hodge Family Foundation, Inc. Knox Family Foundation Kovler Fund of the Community Foundation for the National Capital Region Krehbiel Family Foundation Fran and Ray Stark Foundation Friedlander Family Fund Gaea Foundation The Global Bridge Foundation Google Inc. Greenspan Charitable Fund at Dade Community Foundation GTC Law Group LLP The Harmon Foundation The Harris Family Foundation Helen and William Mazer Foundation Henry C. Beck Jr. Charitable Lead Trust The Herb Block Foundation Herman Miller, Inc. Hewlett-Packard Development Company, L.P. Hilton Hollender Fund of the Vermont Community Foundation Holly Peterson Foundation Home Box Office Inc. Horwitz Family Fund Howard Schreier Fund Hull Family Foundation Independent Talent Group Ltd. Inmarsat PLC Irwin Belk Educational Foundation, Inc. The James and Judith K. Dimon Foundation James and Mignon Groch Fund of the Chicago Community Trust Jane Decker Asmis Trust Jane Levin and Judith Reisman Charitable Fund Lakshmi Foundation Leaves of Grass Fund Leder Family Philanthropic Fund Leonard M. Greene Fund of The Vermont Community Foundation The LePere Family Foundation Inc. Limo Almi Foundation Linked Foundation The Lookout Foundation The Lumpkin Family Foundation Lundin Foundation Lynford Family Charitable Trust The Magner Family Foundation The Manny and Ruthy Cohen Foundation, Inc. Marie Claire The Marion Moore Foundation, Inc. Marisa Antonini Foundation Mark Family Foundation The Marx-Stark Family Foundation McCall Family Foundation Michael A. Peterson Foundation Michael Dunitz Crisis Foundation, Inc. Mr. and Mrs. James A. Tarabori Fund Nancy Browne and Charles Chadwell Charitable Fund Nancy Shafton Fund, a charitable fund of the Community Foundation for Southwest Washington New Hampshire Charitable Foundation Newman Charitable Trust Newman-Tanner Foundation Newton Family Fund The Noël Family Fund of the Triangle Community Foundation WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 41 MAJOR CONTRIBUTORS NoVo Foundation NYSE Euronext Foundation Oppenheimer Funds Distributor, Inc. The Oprah Winfrey Leadership Academy Foundation Oprah’s Angel Network Paradysz Pathways Transitions Programs, Inc. The Paul F. Albert Fund of Horizons Foundation Peek Family Foundation Inc. PepsiCo Inc. Philanthropista Piersol Foundation, Inc. The Pink Edge, Inc. Pittman Family Foundation Popli Khalatbari Charitable Foundation The Powers Foundation, Inc. The Pritzker Pucker Family Foundation The Pritzker Traubert Family Foundation Private Equity Foundation I, Inc. RBC Capital Markets, LLC The Redwine Family Foundation, Inc. Richard Nelson Ryan Foundation Rizavi Friedland Foundation, Inc. Robert M. Schiffman Foundation, Inc. The Roney Family Foundation Ross N. Hoffman and Dorothy D. Crawford Charitable Giving Fund Samuel & Grace Gorlitz Foundation Samuel J. and Ethel LeFrak Charitable Trust Sarah Knowles Charitable Fund of the Greater Saint Louis Community Foundation Schall Family Fund of the Minneapolis Foundation The Schooner Capital LLC Secure World Foundation Segal Family Foundation, Inc. Shared Vision Charitable Foundation The Sheares Family Charitable Foundation Signature Lifestyles Ltd. The Silver Mountain Foundation Simple Actions Family Foundation Small Society, LLC SMI Foundation, Inc. The Spohler Foundation, Inc. 42 Stephen A. and Diana L.Goldberg Foundation, Inc. Stewart R. Mott Charitable Trust The Summit Foundation SunTrust Banks, Inc. Susan and Richard Hare Family Foundation, Inc. Swarovski North America, LTD. The Tate Family Fund Thompson Habib Denison, Inc. Ting-Tsung and Wei-Fong Chao Foundation Tradeweb Markets, LLC Turtle and Hughes, Inc. 24 Seven, Inc. Tyler L. Rigg Memorial Foundation Tzedakah Fund Vodafone Vornado Realty Trust Wachs Family Fund The Wal-Mart Foundation The Westport Fund Wilfie & Nell LLC The William H. Donner Foundation, Inc. Woloson Family Foundation Women in the World Foundation The Women’s Foundation of Colorado MATCHING GIFTS Adobe Systems Incorporated Matching Gifts Program AIG Matching Grants Program Amgen Foundation Matching Gift Program AT&T United Way Employee Giving Campaign Bank of America Charitable Foundation Matching Gifts Bank of America United Way Campaign Bill & Melinda Gates Foundation Matching Gifts Program Black Rock Matching Gifts Program Charles Schwab Foundation Employee Matching Gifts Program Chevron Humankind Matching Gift Program Dell Direct Giving Campaign DST Systems, Inc. ExxonMobil Foundation WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT Foundation Open Society Institute Freddie Mac Employee Funds Freddie Mac Foundation Matching Gifts Gap Foundation Gift Matching Program GE Foundation Genentech Giving Station Give with Liberty Campaign Goldman, Sachs & Co. Matching Gift Program Google Matching Gifts Program Kaiser Permanente Community Giving Campaign Merck Employee Giving Campaign Microsoft Matching Gifts Program Oprah Magazine Division, Hearst Magazines Pfizer United Way Campaign PG & E Corporation Campaign for the Community Portland General Electric Company Employee Giving Proctor & Gamble Beauty & Grooming and Kendall Farr The Prudential Foundation Matching Gifts Qualcomm Matching Gift Program The Regence Employee Giving Campaign Sales Force.com Foundation Thomson Reuters TRUIST Altruism Connected Matching Gifts Tyco Electronics Matching Gift Program United Way of Greater Los Angeles United Way of New York City United Way of the Columbia-Willamette USAA Investments Wells Fargo Matching Gift Program MAJOR CONTRIBUTORS GOVERNMENT AND MULTILATERAL DONORS Canadian International Development Agency Denmark Ministry of Foreign Affairs United Kingdom Department for International Development United Nations High Commissioner for Refugees United States Agency for International Development United States Department of State / Bureau of Democracy, Human Rights and Labor United States Department of State / Bureau of Population, Refugees, and Migration World Food Programme HONOR AND MEMORY Melinda Byers, in honor of Rogee Byers Robert Clark, in honor of Dana L. Clark Dodson Family Charitable Fund, in honor of Run for Congo Women Diana Liu, in honor of Deborah Harmon Kenneth and Leslie Pucker, in honor of Sasha Zients Jim and Marie Seder, in honor of Debbie Harmon WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 43 MAJOR CONTRIBUTORS UNITED KINGDOM INDIVIDUAL DONORS Women for Women International gratefully acknowledges the generosity of our UK donors. Please note that contributions received via the UK office are not reflected in the financial statements accompanying this annual report which cover the US office and related entities. A-D Anonymous Rupert Adams and Nadja Swarovski Farah and Hassan Alaghband Jessie Astbury Allen Spindrift Al-Swaidi Celia and Edward Atkin Sarah Bailey Andy Barnes Matthew Barney Sofia Barratieri di San Pietro Akmaral Batalova Carolyn Benaroya Lavinia Beveridge Jewelle and Nathaniel Bickford Roger and Sally Bilboul David and Yana Blackwelder Valerie Boffy Francesco and Gael Boglione Barbara Broccoli Cecily Brown Joan Burstein (CBE) Lisa Butcher and Michael Jacobson Georgia Byng and Marc Quinn Celia and Nicolas Cattelain Clifford Chance Deborah and Manish Chande Chuck Close Carlo Comninos and Sophie Turner Laing Greg and Karen Conway Michael Craig-Martin Laurence and Stephane Custot Robin d’Alessandro Lord Dalmeny HE Mr John Dauth LVO Deborah David and Norman Kurland Tacita Dean 44 Alison and Paul Deighton Frank and Sylviane Destribats Caroline and Christopher Didizian E-G Ian and Lisa Edwards Marco Elser Tracy Emin Donna Etiebet Veronica Etro Anne and David Fass Sophie and Patrick Fauchier Teresita Fernandez Alberta Ferretti Rohini Finch Christine and Todd Fisher Lucy and Nick Fothergill Evi Fullenbach Mauro and Stephanie Gabriele Reita Gadkari Fabienne Game Fiona Garland Maysoune Ghobash Oxana Girko Christopher and Jacqui Goekjian L-N Flora Gordon Lenox Lady Anne Greenstock Zaha Hadid Ren and Spencer Harman Olivia Harrison Millie Harvey Mariana Haseldine Chris Hemblade Kevin Ho and Michelle Yue Sir John and Lady Penny Holmes Heather Jones Nagi Kawkabani and Diana Saghi Zoe Kuipers Erika Lederman Annie Lennox Dominique and Dominique Lesourd Dvora Liberman David Liu Celine and John Lowrey WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT Lord and Lady Lowy Mitchell Angela and Christian Lucas Cherie Lunghi Claude and Sofia Marion Becky Mayer Hardy and Helle McLain Andy McQuin Tracy Meller Beena and Pradeep Menon Elizabeth and Kayhan Mirza Angela Missoni Amalie and Guillaume Molhant Proost Ian Morley and Lyndsey Posner Michelle Mulholland Melissa and Stephen Murdoch Siri Nomme O-Z Liz Padmore Amy Parton Dwight and Kirsten Poler David Rimer Luigi and Olivia Rizzo Glyn Robins and Jackie Terry-Schuhmann Frederic and Lucia Rochat Barrie and Emmanuel Roman Alex Royall Jill and Paul Ruddock Theresa Sackler Jenny Saville David and Nina Schick Esther and Peter Smedvig Chris Smith Trudie Styler and Sting Andrew and Laura Sukawaty Ian and Tina Taylor Ruth Tyson Jolana Vainio Ben Vaughan Donatella Versace Natalie Vodianova Mark Wadhwa Rob and Simona Walters Barbara Whipp Fiona Williams Silke Ziehl MAJOR CONTRIBUTORS UNITED KINGDOM CORPORATE, FOUNDATION AND PUBLIC DONORS Acquedotto Romano Polo Club Added Dimension Ltd. Antara Spa Aston Martin Bank of Singapore Barclays Capital BE Bloomberg Browns Fashion Cartier International Chelsea Football Club Christie’s Cormac Capital LLC Crédit Suisse Group AG DANIDA Daphne’s California Greek Delaire Graff Estate Eight Strands Foundation Eon Productions Ltd. Four Seasons Hotel Gagosian Gallery of London Goldman Sachs Gives Google Governor’s Camp Halpern Ltd Harper’s Bazaar Human Dignity Foundation Independant Talent Group Inmarsat Inner Wheel Jimmy Choo Kate Spade, LLC KX Gyms Material Word Foundation Mountgrange Investment Management, LLP Neal’s Yard Remedies O’Melveny & Myers, LLP Paul Hastings LLP. Popli Khalatibari Charitable Foundation Pret a Manger Ltd. Rhubarb Food Design Ltd Signature Lifestyles Ltd. Simmons & Simmons LLP Simpson Thacher and Bartlett, LLP Skipps Florist Sotheby’s International Realty Affiliates LLC. Swarovski Thames Wharf Charity Thatcher+Co. The Beverly Wilshire The Chelsea Club The Ismaili Centre The Reed Foundation United Kingdom Department for International Development V-One Design Vovos Better World Fund Women of the Year Foundation Every effort has been made to ensure a complete and accurate list. We regret any errors or omissions and ask that they be brought to the attention of the Washington, DC office. WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 45 FINANCIAL STATEMENTS TO THE BOARD OF DIRECTORS OF WOMEN FOR WOMEN INTERNATIONAL AND AFFILIATES We have audited the accompanying consolidated statement of financial position of Women for Women International and Affiliates (collectively referred to as Women for Women) as of December 31, 2011, and the related consolidated statement of activities, functional expenses and cash flows for the year then ended. These consolidated financial statements are the responsibility of Women for Women’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. The prior year summarized comparative information has been derived from Women for Women’s 2010 consolidated financial statements and in our report dated June 15, 2011, we expressed an unqualified opinion on those consolidated financial statements. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Women for Women’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Women for Women as of December 31, 2011, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. Our audit was conducted for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The supplemental consolidating statements of financial position and activities are presented for the purpose of additional analysis of the consolidated financial statements rather than to present the financial position and changes in net assets of the individual entities. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the consolidated financial statements. The consolidating information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the consolidating information is fairly presented in all material respects in relation to the consolidated financial statements taken as a whole. RAFFA PC FINANCIAL HIGHLIGHTS 7% Cash and cash equivalents 14% 56% CURRENT ASSETS 23% Investments Contributions and grants receivable, current portion Accounts receivable, Prepaid expenses & deposits, Inventory, Other 8% Accounts payable and accrued expenses 50% CURRENT LIABILITIES 42% Current portion deferred rent & lease incentives, deferred compensation liability, refundable grant advances, other 4% 7% 21% Loan payable Individual contributions 68% REVENUE Foundation, multilateral and corporate contributions Government grants All others (including pro bono services), net Program 11% 19% 70% EXPENSES Fundraising Finance and administration Washington, DC June 6, 2012 46 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 47 FINANCIAL STATEMENTS FINANCIAL STATEMENTS FINANCIAL STATEMENTS FINANCIAL STATEMENTS 2010 CONSOLIDATING STATEMENT OF FINANCIAL POSITION 2011 CONSOLIDATING STATEMENT OF FINANCIAL POSITION Women for Women for Women Women International International U.S.* United Kingdom Women for Women International Afghanistan Microfinance Eliminating Entries 2010 CONSOLIDATING STATEMENT OF ACTIVITIES 2011 CONSOLIDATING STATEMENT OF ACTIVITIES Women for Women for Women Women International International U.S.* United Kingdom Total ASSETS Individual contributions $ Contributions and grants receivable, current portion 6,962,087 $ Intercompany Receivable 2,258,986 $ - $ - $ Government grants 2,320,401 - - $ - $ 21,997,727 99,989 - 6,951,896 - - - 2,320,401 - 338,011 - 338,011 - - - 228,200 - - 2,313,743 - - 280,241 1,071,911 - - (1,071,911) - Investment Income 228,200 Donated legal and professional fees 531,176 - - - 531,176 Other income 194,720 113,491 - - 308,211 - - - - - 3,805,773 - - - 3,805,773 453,540 62,810 - - 516,350 24,872 - - - 24,872 Other current assets 110,135 59,108 - - 169,243 14,659,537 2,743,669 - (1,071,911) 16,331,295 186,600 449,460 - - 636,060 3,071,473 6,113 - - 3,077,586 - $ (1,071,911) $ 20,044,941 Contributions and grants receivable, net of current portion $ 17,917,610 $ 3,199,242 $ Microlending income Net foreign currency transaction gains (losses) (151,348) 28,095 (62,765) - (186,018) Intercompany grant revenue 1,659,749 195,048 - (1,854,797) - 29,198,618 4,770,548 375,235 (1,854,797) 32,489,604 22,245,398 2,458,640 - (1,854,797) 22,849,241 TOTAL REVENUE AND SUPPORT EXPENSES Program Services Training and related programs Microcredit lending - - 625,334 - 625,334 286,089 - - - 268,089 22,513,487 2,458,640 625,334 (1,854,797) 23,742,664 Fundraising 5,866,682 754,231 - - 6,620,913 Finance and Administration 3,157,358 562,779 - - 3,720,137 TOTAL EXPENSES 31,537,527 3,775,650 625,334 (1,854,797) 34,083,714 (2,338,909) 994,898 (250,099) - (1,594,110) - (31,807) 176,879 - 145,072 17,443,333 894,900 (1,985,946) - 16,352,287 Media, communications and outreach LIABILITIES AND NET ASSETS Total Program Services Current Liabilities 2,275,401 $ 128,184 $ - $ - $ 2,403,585 Supporting Services Intercompany payable - 1,071,911 - (1,071,911) - Other current liabilities 20,575 - 40,718 - 61,293 Deferred rent and lease incentives, current portion 45,499 - - - 45,499 Deferred compensation liability 66,991 - - - 66,991 Refundable grant advances 12,811 141,156 - - 153,967 - - 2,018,448 - 2,018,448 CHANGE IN NET ASSETS 2,421,277 1,341,251 2,059,166 (1,071,911) 4,749,783 Foreign currency transaction gains (losses) Loans Payable Deferred rent and lease incentives, net of current portion 391,909 - - - 391,909 2,813,186 1,341,251 2,059,166 (1,071,911) 5,141,692 Undesignated 9,022,252 1,036,618 (2,059,166) - 7,999,704 Board designated 3,000,000 - - - 3,000,000 12,022,252 1,036,618 (2,059,166) - 10,999,704 3,033,922 821,373 - - 3,855,295 48,250 - - - 48,250 15,104,424 1,857,991 (2,059,166) - 14,903,249 - $ (1,071,911) Total Liabilities 2,621,383 $ 1,812,531 Total Current Assets Total Current Liabilities $ 5,039,376 827 Prepaid expenses and deposits $ 19,376,344 Foundation, multilateral and corporate contributions 361,938 Inventory Property and equipment, net $ 9,221,073 279,414 Microcredit loans receivable, net of loan reserve Investments Accounts payable and accrued expenses Total 1,951,805 Accounts Receivable TOTAL ASSETS Eliminating Entries REVENUE AND SUPPORT Current Assets Cash and Cash Equivalents Women for Women International Afghanistan Microfinance Net Assets NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR $ 15,104,424 $ 1,857,991 $ (2,059,166) $ - $ 14,903,249 Unrestricted Total unrestricted Temporarily restricted Permanently restricted Total Net Assets TOTAL LIABILITIES AND NET ASSETS $ 17,917,610 $ 3,199,242 $ $ Please see womenforwomen.org for the entire Consolidated Financial Statements and Supplemental Information. 20,044,941 *Figures shown for the U.S. entity in these columns reflect all Women for Women International programmatic offices and country operations. 48 WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT WOMEN FOR WOMEN INTERNATIONAL | 2011 ANNUAL REPORT 49 CONTACT US WOMENFORWOMEN.ORG US OFFICE 2000 M STREET, NW SUITE 200 WASHINGTON DC 20036 T. 202.737.7705 F. 202.737.7709 UK OFFICE 32 - 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