ASI Report

Transcription

ASI Report

2006 A N N UA L R E P O R T
INSIDE
Highlights of 2006
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Your Champion for Change: Protecting the
Most Vulnerable in Our Society
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Letter from the Chair
Letter from the Executive Director
We Can’t Do It Without You:
Volunteers, Benefactors and Donors
Recognition of Donors
AARP Foundation Board of Directors
AARP Foundation Leadership Team
Summary of Financial Information
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As the charitable
arm of AARP, the
AARP Foundation
offers programs that provide security, protection
and empowerment for older persons in need.
The Foundation is dedicated to ensuring that
people lead lives of independence, dignity
and purpose.
Caring and compassion are our bottom line.
We lead positive social change, and have
helped millions of people since our founding
in 1961.
Your Champion for Change
nelda barnett
Chair, AARP Foundation Board of Directors
Letter from the Chair
The Foundation has worked to build on the hard-earned respect the public gives
to AARP. As AARP’s philanthropic partner, the Foundation undertakes work that
is at once practical—we are in the trenches every day, whether providing legal advocacy, disaster relief, or financial advice—or simply helping get someone back on their
feet and into the job market.
While we focus on the practical, we are
reminded every day of the moral imperative
of our mission: we are committed to leading
for positive change—especially for those
for whom the journey has been long, the
path rough.
We also look toward fresh opportunities
and challenges, tapping resources to address
unmet needs. For 2006 that vision included
establishment of the Women’s Leadership
Circle, an evolving series of programs drawing
upon the expertise and energy of women
in philanthropy and business to address the
unique problems facing women as they age.
In 2006 we committed to strengthening our
existing programs, while maintaining the flexibility to move adroitly in times of crisis. Toward
that goal, we continued the important disaster
relief work begun in 2005, providing more than
$1 million in grants to those left especially
vulnerable in the wake of hurricanes Katrina
and Rita. Long after the news cameras were
gone, our volunteers remained on the ground
providing critically important services.
We continued the legal advocacy work needed
to protect 50+ workers. In doing so, we helped
build the economy of the future and promoted
the experience, knowledge and stability of
mature workers.
Shaping the workplace of the future is one goal;
another is planning and building the communities of the future. If we are to have communities
that are truly “livable” for individuals over age
50, we must re-tool our basic thinking about
how we live. The AARP Foundation, along with
a growing number of philanthropic and business
champions, is in the forefront of raising awareness about those issues and formulating the
practical solutions.
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AARP Foundation 2006 Annual Report
We will continue to pursue our ambitious goals,
proud of what we have achieved, but ever
mindful that there is much unfinished work.
Throughout all of our efforts, we were strengthened and sustained by a growing network
of volunteers. During 2006 more than 38,000
individuals provided what AARP’s founder,
Dr. Ethel Percy Andrus, called the “essential
human ingredient.” For all of our planning and
organization—important work, to be sure—it is
still the basic human contact that makes the
difference every day in the lives of those over
50 who are most in need—those who are too
often forgotten.
We hope you enjoy this report and the opportunity it presents to learn more about the people
who are making a difference in the lives of
those they touch.
Through the energy and hard work of those
committed volunteers, our dedicated staff
and a growing network of supporters, we met
our goals and fulfilled our mission.
Through the energy and hard work
of those committed volunteers, our
dedicated staff and a growing network
of supporters, we met our goals and
fulfilled our mission.
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r o b i n ta l b e r t
Executive Director
Letter from the Executive Director
We are proud of the AARP Foundation’s accomplishments in 2006. In addition to
strengthening and expanding our core programs, some with a history of more than
35 years of delivering quality services, we continued the groundbreaking crisisresponse effort launched in the wake of the devastation wrought by hurricanes
Katrina and Rita. We are especially proud of the fact that through our programs,
we were able to serve over 2.8 million people through direct service, by providing
them with the information they need to improve their health and financial well-being.
While we are pleased with the Foundation’s progress and growth, we constantly
remind us ourselves that there is much more work to be done.
Through our broad range of services—from
litigation to employment training, disaster
relief to consumer counseling—the Foundation
is re-defining expectations for how the future
will look for individuals 50+.
All of us at the
Foundation are
motivated by the
goal of restoring
the dreams of
those for whom
the future might
not be as bright.
We have continued to tap the creativity and
energy of some of the most successful women
from the corporate and nonprofit sectors to
raise awareness about the unique health and
financial challenges facing women as they age.
As the philanthropic affiliate of AARP, our
mission is to engage the vast network of volunteers—those individuals who understand the
fundamental principle of personal fulfillment
through giving back to their communities.
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In a year of
unprecedented
growth, 2006
witnessed our
charitable donors
reaching over
934,000.
As a tax-exempt charitable organization, we
complement and extend the reach of AARP by
engaging donors whose generous contributions
provide us with the tools we need to accomplish
our goals. In a year of unprecedented growth,
2006 witnessed our charitable donors reaching
over 934,000.
For some, life after 50 will be full of unlimited
promise, adventure and exploration; for too
many, however, the future is a day-to-day
struggle to make ends meet. All of us at the
Foundation are motivated by the goal of
restoring the dreams of those for whom the
future might not be as bright. Through providing
opportunities, justice and security, our work
is to make sure the future is one full of dignity
and hope for all.
Re-tooling the workplace of the future,
protecting against consumer fraud, bringing
more attention to the special needs of grandparents raising grandchildren and standing
ready to respond immediately to crisis… these
are just some of the challenges that inspire our
supporters and motivate our volunteers. With
their growing support and the hard work of our
dedicated staff, we are bringing world-class
solutions to those most in need.
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Highlights
of 2006
2006 was a year of dynamic growth for the AARP
Foundation, marked by new milestones in our
dedication to serving many of the most vulnerable
in our society.
Some highlights:
Foundation programs served more than
2.8 million people—through direct service
to 2.1 million, and through distribution
of information and other helpful resources
to another 705,000.
in Georgia and Missouri, while also protecting
vulnerable older homeowners across the
nation from predatory mortgage lending.
A total of 934,000 AARP members participated
in the 2006 development campaign.
The AARP Foundation Tax-Aide program
reached an important milestone of service
by deploying 32,000+ trained volunteers
to provide free tax assistance and preparation
to more than two million individuals with
low and moderate incomes.
The Foundation’s Disaster Relief and Recovery
Fund gave out $1.1 million to help victims of
the Gulf Coast hurricanes rebuild their lives;
this came on top of the $1.6 million in grants
awarded in 2005 to organizations for assistance to hurricane-affected people 50+,
most of whom had limited incomes.
The AARP Foundation Legal Advocacy
team fought and won important victories
in protecting the right to vote of citizens
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Your Champion
for Change:
Protecting the Most Vulnerable
in Our Society
are a paycheck away from disaster. A major
illness, loss of employment and death of
a spouse are examples of common life events
that move people quickly from a relatively
secure situation to one fraught with fear and
uncertainty. The Foundation is engaged in a
variety of activities intended to help individuals
avert such a crisis. Our community service
offerings, consumer education and information
and legal advocacy help thousands of people
like Mary, Victor, Phyllis and Lilly every day.
Mary always trusted others, until she was
scammed out of her life’s savings…
Victor never thought he would be searching
for a job at age 60…
Phyllis loves her grandchildren… she just didn’t
think she would be raising them on her own…
Lilly wanted to remain independent, but
failing eyesight left her unable to manage
her own finances…
Opportunity, justice and security best describe
what the AARP Foundation does every day to
improve the lives of people as they age. The
AARP Foundation is a catalyst for social change
and a champion for people 50+, particularly
those facing significant challenges in meeting
their basic needs. The Foundation is committed
to helping the most vulnerable members of our
society. Low-income individuals, women and
minorities are primary target audiences for
the Foundation’s programs and services.
By standing up for those for whom a secure
future is too often a fading dream, the
Foundation’s volunteers, staff and partners
deliver what our founder, Dr. Ethel Percy
Andrus, called “the essential human ingredient.”
For 45 years, the AARP Foundation has improved
the quality of life for millions of deserving
people. But, while we are proud of our accomplishments, we are restless. We cannot afford
to sit back, waiting for others to lead. This is
an unfinished journey and, along this journey,
we are accomplishing amazing things.
The AARP Foundation is dedicated to helping
people at risk of falling into poverty in the
second half of their lives. Millions of people
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Serving the Most Vulnerable
in Our Society
p r o f i l e : After Mary lost her husband of
46 years, she had to learn how to take care
of her finances for the first time. She thought
she could trust a man she met at her senior
center, who shared with her a tip for a way
to turn a $50,000 investment into a $1 million
return in just months. Grateful for his help
and enthusiasm, Mary soon wrote a check—
the last she’d see of her husband’s hard-earned
savings until the AARP Foundation intervened.
In Colorado and West Virginia, the Foundation
collaborated with the states’ attorneys general
to fight fraud and financial abuse. Through
education, training, a toll-free hotline, consumer
alerts and a database that tracks frauds and
scams, ElderWatch is helping innocent citizens
to avoid becoming victims.
A grant to the AARP Foundation from the
Investor Protection Trust Campaign for Wise
and Safe Investing enabled the use of AARP’s
many communication channels to inform
consumers in both English and Spanish about
investment fraud.
Protecting Vulnerable Consumers
Sadly, too many people who can least afford to
make a financial mistake are taken in by great
offers or hot tips that cost them dearly. The AARP
Foundation is their constant champion, through
programs and ongoing legal advocacy.
In 2006, the AARP
Foundation entered
the second year of
a five-year project to
create and manage
a nationwide consumer
fraud prevention
program.
In 2006, the AARP Foundation entered the
second year of a five-year project to create
and manage a nationwide consumer fraud
prevention program. Volunteers work from call
centers, reaching out to known and potential
fraud victims such as Mary. They offer tips
and information about telemarketing scams
and other forms of fraud. The program is
designed to make at least three million contacts
with older consumers by the end of 2009.
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Providing Opportunities
to Older Workers
SCSEP CLIENT PROFILE
In August 2006, a homeless shelter in Miami
recommended that one of its residents, Victor,
visit the AARP Foundation’s Senior Community
Service Employment Program (SCSEP) in
Miami. At 60 years old and permanently
disabled, Victor had a positive attitude and
wanted to work.
Workers over age 50 are an important and largely
untapped resource with much to offer—not
only to businesses, but to our entire nation.
Senior Community Service Employment Program
In 2006, the AARP Foundation achieved
a record placement rate for the Senior Community Service Employment Program (SCSEP),
which helps low-income job seekers age 55 and
older to gain the skills and experience needed
to work and be financially self-sufficient. SCSEP
served more than 23,000 clients in 2006,
achieving a 56 percent placement rate in paid
employment. This was the highest placement
rate of any national sponsor of SCSEP, and far
exceeds the 20 percent required by the U.S.
Department of Labor.
His determination was quickly apparent
to the SCSEP staff, because the wheelchairbound client had traveled over 15 miles in
the summer heat to meet with them.
The SCSEP staff assigned him to a local
agency to update his skills. Through SCSEP’s
guidance and funding, Victor enrolled in
security guard training and passed the
state of Florida’s qualification exam with
high scores. Soon after, he was hired by
a local agency and is now a security guard
at a hotel in Miami Beach.
SCSEP, which has been in operation for over
35 years, has served more than 400,000 people
nationwide. Through their community service
assignments, program enrollees contribute
more than 10 million hours of service in local
communities each year.
Through his personal determination and
help from SCSEP, Victor says he is on his
way to a fresh career and a better future.
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Workplace Flexibility Project
Through a generous grant from the Alfred
P. Sloan Foundation, the AARP Foundation
is working with AARP to help employers understand the value of the 50+ workforce. This twoyear project focused on the retail industry and
on helping employers in this high-growth
industry put into place the workplace flexibility
practices designed to meet the needs of an
aging workforce. This project is delivered
in cooperation with the National Retail
Federation (NRF) and NRF Foundation.
p r o f i l e : Lilly is a 76-year-old woman who
lives by herself. Because Lilly is alone most
of the time, she enjoys the company of others;
in fact, she is willing to have her good “friend”
write her checks to pay bills and open charge
accounts for her. The only problem is Lilly’s
“friend” has used Lilly’s charge card for her
own personal use and didn’t pay Lilly’s bills.
With the assistance of Protective Services
and the Money Management Program, Lilly
now has money to pay all of her bills and help
from a volunteer from the Money Management
Program who visits her regularly.
Pension Litigation
The AARP Foundation unleashed its world-class
legal advocacy team to defend and advance
the rights of mature workers. One such case
involved federal benefits laws, which are designed
to increase pension plan participants’ knowledge
about, and ability to follow, the procedures for
accessing their benefits. In Eastman Kodak
Company and Coyne v. STWB Inc. et al., the U.S.
Court of Appeals for the Second Circuit agreed
with AARP’s friend of the court brief that pension
plans should live up to their promises, and
should not change retroactively the rules
under which pension plan participants access
their benefits.
The AARP Foundation unleashed
its world-class legal advocacy team
to defend and advance the rights
of mature workers.
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The Foundation’s
efforts helped
improve the quality
of life for many
at risk in 2006.
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Promoting Health, Financial
Security and Independence
For too many Americans, the vision of a secure
future is eroding, along with their health care
and financial security. For many, the road has
been rough, the journey long. Their lives feel
not like the American dream, but a daily
struggle. The Foundation’s efforts helped
improve the quality of life for many at risk
in 2006.
In 2006, the AARP Foundation Tax-Aide program
reached an important milestone of service: more
than two million low- to middle-income individuals received free assistance with tax preparation
from more than 32,000 Tax-Aide volunteers.
Tax-Aide has a significant and beneficial
impact, not only on individual tax filers but
also on their communities. In 2006, dedicated
Tax-Aide volunteers helped their clients receive
nearly $150 million in Earned Income Tax
Credit payments.
Money Management
In 2006, the Money Management program
engaged over 4,400 volunteers through local
sponsor agencies and helped more than 5,800
low-income, older individuals to remain independent. Daily money management services
included budgeting, paying routine bills and
keeping track of financial matters. The program
also offers financial education resources and
tools to older adults and their caregivers.
p r o f i l e : An 85-year-old woman came to
a Pennsylvania Tax-Aide site for assistance.
Previously, she had been charged $75 by
a tax preparation service for a simple
return. After checking her annual income
(under $15,000), the Tax-Aide volunteer
determined that the woman qualified for
a $300 rent rebate. The impact of this seemingly small rebate was felt when the client
thanked the volunteer and said, “Now I can
buy my new glasses I've needed for so long."
Tax-Aide
The AARP Foundation’s Tax-Aide program has
assisted more than 40 million people since
it was established in 1968. Tax-Aide volunteers
help individuals file basic tax forms, avoid
preparation costs and receive credits, deductions
and benefits to which they are entitled.
Research indicates that tax refunds represent
an important opportunity for lower-income
people to save and develop assets.
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Legal Advocacy
Thanks to the AARP Foundation’s legal advocacy
team, courts ruled against lenders who charged
unreasonable interest rates or took advantage
of borrowers’ limited English skills.
AARP is a trusted
champion for
those who need
a little “navigation”
guidance.
The U.S. Court of Appeals for the 11th Circuit
dismissed payday lenders’ attempt to prevent
Georgia’s tough new payday loan law from
taking effect. The Foundation filed amicus
briefs for AARP in BankWest v. Baker, outlining
how payday lenders prey on people who are
desperate for small loans and cannot access
traditional lenders due to their low incomes
or blemished credit histories. In Florida, the
state’s top court ruled in McKenzie Check
Advance of Florida v. Betts that state usury
law governed payday loans made prior to 2001,
and that the law’s strict cap on interest rates and
fees applied.
Navigating Benefits and Communities
Experts estimate that nearly four million eligible
low-income older people are not getting the
benefits they deserve because they are not
familiar with criteria or the process of accessing
federal or state assistance to ease their monthly
financial obligations.
The AARP Foundation is a trusted champion
for those who need a little “navigation” guidance
—from identifying programs and benefits to
promoting safe-driving skills and vibrant
communities where people of all ages can
live more safely and comfortably.
An elderly, Samoan-born widow got her home
back from foreclosure, thanks to a settlement
achieved by the AARP Foundation legal team
and co-counsel. Miller v. Full Spectrum Lending
alleged predatory mortgage practices including
taking advantage of Ms. Miller’s limited English
capabilities and falsifying income in order to
qualify her for debt she could not afford.
Benefits Outreach Program
In 2006, the Foundation’s Benefits Outreach
program helped more than 21,000 people aged
55 and older with low or moderate incomes
to determine if they are eligible for public and
private benefit programs that help pay for
prescription drugs, doctors’ bills, property
taxes, groceries, heating bills and more.
Reverse Mortgage Education
The Foundation’s Reverse Mortgage Education
Project is the nation’s leading source of objective consumer information to help individuals
navigate the complex world of reverse mortgages. Through its publications, website and
referrals to trained counselors, the project
helps homeowners make informed decisions
about financial alternatives to tap into the
equity in their homes. The Reverse Mortgage
Education Project is sponsored in part by the
U.S. Department of Housing and Urban
Development.
The program also provides caregiving resources
to individuals who are currently or who may
face caring for a parent or other older relative.
Prepare to Care helps individuals understand
the issue and those topics important to discuss
with their parent or relative.
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VO LU N T E E R P R O F I L E
Here are other ways
in which the AARP
Foundation helps
support independence
by improving
communities.
Bryce Rathbone, 68, of Easton, CT, is
his state’s Foundation Benefits Outreach
program coordinator. He typically spends
one day each week generating greater
exposure for the program and maximizing
its volunteer efforts.
“The more I get involved, the more I learn.
Plus, I get a good feeling from trying to help
people. The Benefits Outreach program is
a great way for people to find out what state
or federal programs they may qualify for,”
he said. “Public assistance programs are
very complex and are not presented to
consumers in ways that are easy to understand. I spent a lot of time training for and
executing this program and it has been
a real education for me—there’s a lot of
depth to it.”
The Foundation supports the AARP Driver
Safety Program, which launched a popular
online driver safety course in 2006. This
important program helps people remain
independent by helping them refresh their
driving skills.
Since some nursing home residents are
unfortunately subjected to gross neglect
of their personal care and violations of their
dignity, it was good news that in Davis v. St.
Francisville Country Manor, the Louisiana
Supreme Court agreed with the AARP amicus
brief that the state’s Medical Malpractice Act
does not restrict plaintiffs from challenging
the basic care given a nursing home resident.
We helped persuade a Missouri appeals court
to uphold a state public utility commission
rule giving certain vulnerable consumers the
right to continue receiving natural gas service
during cold winter months, despite their
inability to pay.
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G R A N D PA R E N T S P R O G R A M P R O F I L E
Phyllis is a grandmother raising two grandchildren. Because she couldn’t find affordable
childcare for them, she lost her job, then lost
her apartment and moved to a hotel. Facing
eviction from that situation due to her dwindling
income, she called our Grandparenting National
Coordinator, who swung into action.
The National Coordinator contacted local assistance organizations on her behalf. Meanwhile,
staff from AARP and the local Senior Community
Service Employment Program contacted the
grandmother, offering assistance in helping
her find a job. This compassionate outreach
helped her re-connect with family members
and get the assistance she needed to support
her grandchildren.
Addressing the Needs
of Women as They Age
Addressing Needs of Grandparents
Raising Grandchildren
The AARP Foundation’s newest initiative
—the Women’s Leadership Circle (WLC)—
leverages the philanthropic power and passion
of women to improve and enhance women’s
lives as they grow older. Launched in April,
the WLC seeks to raise national awareness
of issues faced by women as they age and to
provide resources (both private and corporate)
to support initiatives that result in empowerment, protection and security for all women.
Grandparents play a vital role as caregivers
for millions of families. AARP Foundation’s
work includes a focus on the rights and
responsibilities of grandparents as primary
caregivers. We also provide information and
resources to help grandparents fully engage
with their grandchildren, including special
emphasis on helping low-income, minority
grandparents to access benefits and public
assistance resources.
Through its women’s programs, the AARP
Foundation is taking the steps necessary to
help women take more control of their health
and finances regardless of age or income.
Programs and activities designed to support
the WLC mission that women experience
financial security, health and social wellbeing in a society that values them as they
age include financial literacy efforts and
promoting fitness through walking and other
healthy behaviors.
Our Kin Caregiver New York program worked
to remove barriers to grandparents and other
non-parent relatives through outreach and
training and public education, reform and
coalition building. And we went to bat through
amicus briefs in support of grandparent visitation laws in Idaho and Pennsylvania, whose
top courts upheld those statutes.
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We Can’t Do It
Without You:
Volunteers, Benefactors and Donors
to provide disaster relief services such as
health, housing, legal assistance and more
to older victims of the 2005 Gulf Coast
hurricanes.
As your champion for change, the AARP
Foundation anticipates and researches emerging
trends among business and philanthropic
leaders who are searching for ways to enhance
their own lives by reaching back to those in need.
One way in which the Foundation is involved
included working with the Partners for
Independence (PFI) project to recruit boomers
willing to assist Gulf Coast residents affected
by hurricanes Katrina and Rita.
Volunteers play a vital role in the Foundation’s
efforts, devoting time, skills and experience to
help improve the quality of life for others in
their communities. Those who hold key volunteer leadership positions are helping to guide,
shape and advance the Foundation’s priorities.
Funded in part by a grant from the Corporation
for National and Community Service, PFI
is a unique partnership between the AARP
Foundation, Rebuilding Together and Faith
in Action. It is implemented at the community
level in the regions most affected by the storms.
The mission is challenging, but we know that
through the work of thousands of volunteers
our goals can be accomplished. Supported by
donors large and small, and strengthened by
a growing number of strategic partners,
we remain committed to helping others achieve
independence, dignity and purpose.
Boomer volunteers were recruited to provide
an array of recovery services such as home
repair and modification, consumer education,
daily living assistance (such as shopping and
errands), friendly visits and tax preparation.
Hurricane Recovery Update
A groundswell of individuals seeking to give
back to their communities inspired us as we
continued working in the Gulf of Mexico region
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l o u i s i a n a : Volunteers rebuilt homes in five
p r o f i l e : Wayne Barbetti, age 65, and his
wife, Anne, 66, set up a charitable trust and
donated the stock of the funeral home they
ran for 37 years to the trust, naming the
AARP Foundation as the beneficiary. This
provides the Barbettis with a livable income,
a charitable tax deduction, and a reduction
in capital gains taxes.
parishes (counties) along Louisiana’s coast.
In addition, the Foundation worked with
Faith in Action programs in Louisiana to
train and place volunteers to provide independent living services for hurricane
survivors. The Foundation also helped
residents navigate the state’s Road Home
program, which helps eligible homeowners
affected by hurricanes receive compensation
to make their homes habitable.
“I found out about the AARP Foundation’s
charitable trust program after reading about
it in AARP The Magazine and thought it would
be a good plan for my wife and me because
AARP is a good organization that runs many
excellent programs for seniors” said Wayne.
“Most people have families, and leave their
estates to their family, but we don’t have any
children so this seemed like a good choice
for us. We sold the business and the entire
proceeds went to the trust. That eliminated
all of our capital gains, which would have
been quite substantial.”
t e x as : Hurricane survivors who relocated
to the Houston area were helped by AARP
Texas, Partners for Independence and
two Faith in Action programs in Houston
and Fort Worth.
m i s s i s s i p p i : In Mississippi, program staff
have worked closely with a Faith in Action
program located near Hattiesburg, MS,
an area that received 22,000 evacuees after
the storms.
A Brighter Future
We are excited about the challenges and eager
to move forward. For those who have worked
with us, it’s has been quite an adventure. For
those seeking to become champions for change,
the AARP Foundation and its growing network
of donors and volunteers are ready to tackle
that unfinished work together.
The AARP Foundation’s mission is to be the
champion of this generation—and generations
to come. We strive to restore hope, rebuild
dreams and rekindle a sense of a brighter future.
But as champions of positive change, we can’t
rest on past accomplishments. We are restless.
There is much unfinished work.
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Donors
The AARP Foundation recognizes the following donors as of December 31, 2006:
Mimi Castaldi*,**
Janis Cheney*,**
Norman Napier
Frances Cumbee
Thomas Nelson**
Rhoda Hines Dalby
Jennie Chin Hansen
Robert Nobile
Helen DeBruler
Stuart Cohen**
Julianne Cohn*,**
Nella O'Grady *
Merlon Ellis
Frances Ogg
Margaret E. Wilson Emory
Jerald Cornelison
Aiyshen Padilla*,**
Otto Fredericks
Donna S. Crean
Sue Parks*
Elmer Fuehr
Cristina Danguillecourt
Joanne Disch*,**
Clarence Pearson**
Belle Galman
Abby Pirnie*
Paul Gardner
Russel Dooley
Poulos Family Foundation*
Patricia Garrett
Julia Dunphy *
George Rowan*
Eva Z. Gendron
Monica Estabrooke*,**
Patricia D. Shannon*,**
Edith L. Goranson
The Attias Family Foundation
Jean D. Shehan
Aileen Graves
Linda Fisher
Leo Idol
Donald Fitts**
Holton B. Shipman
Katrina Simkins*,**
A. James Forbes , Jr.
Genevieve Solorio
Allene Jeanes
Dominic J. Froio
Joseph S. Sprinkle
Mildred Johnson
Robert Gardner
Sy & Laura Sternberg*
Margaret Jones
Nancy George**
Mr. & Mrs. Gilbert Steward**
June Kinsman
Robert Gordon
Amy Goyer*,**
Lynn Straus*
Jules Klahr
Morton M. Kudebeh
William J. Hall
Marian Swain*,**
Dawn Sweeney*,**
Silver
($2,500–$4,999)
Christopher Hansen**
Harry Taber
Ferdinand LaPaglia
M. Hansen
James Tucker
Arthur Lerner
Celia Blalock*,**
Amy Hauser*,**
Neal Wallace
Goldie Lerner
Arthur J. Christian
Anne Herbster*,**
Louise Hay
Robbin V. Wilson*,**
Christine Lewis
Enid Horowitz
Randall Workman
Walter R. Lindner
Ellen Hollander*,**
Alvin E. Houser
Roland Zimany
Sarah Luddle
Andrew J. Honzel
William H. Jacoway
Katherine Zorn*,**
Mary B. Marr
John Zubar
Wayne Martin
15 Anonymous
Clifford McBride
David Petrie
Lois Quam
John Rainey
Robin Talbert
Catherine Reynolds
One Anonymous
the leadership
society
Gold
($5,000–$9,999)
Margaret Buckel
Kathleen Burch*,**
Helen Gardner Garrison
Teresa Smith*,**
Priscilla and Art Ulene
One Anonymous
Stella M. James
Maria Lampman
Nancy Jankowski
Elaine Jahnke
Heidi James*,**
Nancy LeaMond*,**
Laura Johnson*,**
Katherine Merritt
Robert Romasco
Ruth Mary Mikesell
Louise Simone
Nedra J. Jordan
Brenda Kelley*,**
Six Anonymous
Sterling Kerr Ph.D.**
Esther A. Immer
the andrus
h e r i tag e s o c i e t y
Israel A. Lesk
Gifts through Bequests
or Estate Plans
David E. Lipson
Lester Abrahams
R.P. Ashman
Ava Baker*,**
Carolyn MaGill**
Katharyn Marks*,**
Nelda Barnett
Jan May**
Corrine Barlag
Robert Bartholomew**
Bruce Mayor
David Betts
A. Becker
Mara Mayor*,**
Titiana Benton-Ellis*,**
Ronald Bridges**
Maeona Mendelson
Susan Miler*,**
Lester Buch
Sheela Mirmira*,**
Leslie Cahoon
Tonda Mullis *
John Caine II**
Afsoon Namini*,**
Bronze
($1,000–$2,499)
Nancy Baldwin
John D. Bolles
Iris Braus
Ava May Brown
Doris Carney
Lorraine T. Carson
Ethel Moss
Ethel L. Petka
Edward J. Powers
Charlotte E. Reynolds
Donald F. Ryan
Edgar J. Saltsman
Marion Sandomire
Sophie Schlauch
Sophie Schwartz
Winthrop Seelye
Elizabeth E. Shipherd
Ruth Smith
Rose Springman
Elizabeth B. Stebbins
20
page
˜ Deceased
Bill Novelli
** Leadership Society Founding Members
Pillars
($10,000–$24,999)
* Women’s Leadership Circle
the andrus societ y
Dawn Stegenga
Gloria W. Francoeur
Theodore and Eleanor Pirozek
Isaac H. Tuttle Fund
James H. Thompson
K.E. Freeman
Alfred A. Plonsky
MetLife Foundation
Hildur West Wallin
Sid and Betty Garvais
Ed and Jeanette Ray
New York Life Foundation
Harvey Walters
Alice S. Gillisse
Mary Ellen Reid
New York Life Inc.
Walther R. Volbach
Julie Robinson
Office of Hawaiian Affairs
Irving Zuckerman
P.K. Govind and Sally
L. Luckenbach
Frank and Maria Robinson
Ovations
Zuehlke Family Trust
Carmen Gutierrez
Mrs. Helen P. Rogers
Wayne O. Hall˜
F. Virginia Rohde
Neighborhood Reinvestment
Corporation
Ruth˜ and Ernie Hanford
Nick and Florence Rulli
Ethel G. Harris
Daniel and Audrey Schechter
Hazel E. Hart
H. Boyd Skelton
Mrs. Ray J. Harvie
Esther H. Smith
Alicia O. Hernandez
Louise Snyder˜
Jim and Sally Hershberger
Gordon Streib
Forrest L. Hirst
Lloyd W. Sutherland
Marjorie Hill Hoar
Thomas Tomkiewicz
Lu and Charlie Bangert
Rolph S. and Harriett
F.˜ Hofflund
Alexander Volk
H. Wayne and Anne
D. Barbetti
Robert R. Holmes
Gifts through Charitable
Gift Annuities, Charitable
Remainder Trusts, or
Charitable Lead Trusts
Ms. Alice E. Smith-Abaté
A.K.N. and Nilufar Ahmed
Angel (Yino) Antongiorgi
Kathe Arzdorf
Herman C. Bainder
Larry E. Barth
Ms. E.K. Bivens
* Women’s Leadership Circle
** Leadership Society Founding Members
˜ Deceased
Edwin Bock˜
Mahon B. Hughes
Myrtle T. Jackson
Harriet J. Brown
Lt. Col. Louis Janos,
USA (Ret.)
Frank Caliendo
Eric R. Jensen, Ph.D.
William and Barbara Camburn
Maryon Patricia Lears
Samuel and Annie Chadwick
Hazel A. Lewis
Michael Clement, M.D.
Janis Lewison
Col. James M. Compton
Rev. Raymond A. Ley
John R. Crane
Robert Luth
Christine M. Cruz
James B. Cunningham
Frederick R. and Virginia
McCammon
Charles C. Cuppy
Hugh W. McCarron
Richard W. Custer
Sara C. McGahan
Aila G. Dawe
Jennie R. Medlin
William H. and Vivian
C. deBrito
Elizabeth Anne Meek
Anthony H. Deller
Ann E. Michaelson
Pamela Detering
Kenneth D. Miller
James R. and Alice
J. DiMeolo
George Mitchell
Evelyn and George
F. Eckhardt, Jr.
Dr. Ed Mueller
Philip Ellgen
John C. and
Genevieve* Fairval
The Shaman Foundation
UnitedHealth Foundation
UnitedHealth Group
U.S. Internal Revenue Service
June Yip
U.S. Department of Labor
90 charitable gift annuitants
wish to remain anonymous
U.S. Department of Housing
and Urban Development
institutional
support
2006 support from
corporations, foundations,
U.S. government and state
agencies
Eugene D. Nasatir
Ruth Nolte
Hernando Pinzon-Isaza
The Home Depot
West Virginia Attorney
General’s Office
Western Union Financial
Services, Inc.
the andrus societ y
founding members
Pioneers
($25,000–$49,000)
William M. Myers, Jr.
Wilma S. Firsich
The Hartford
Glenn H. Wing
58 individuals wish to remain
anonymous
May Moore
Joseph Pavone
Alfred P. Sloan Foundation
Harvey M. Weitkamp
“Promises for Tomorrow” recognizes individuals who notify
the AARP Foundation that it is
named as the beneficiary of a
bequest or planned gift.
Mary M. Meurer
H. Feidelberg
Prudential
U.S. Department of Health
and Human Services,
Administration on Aging
L. Robert and Elise Warn
Steve Hornacek
Prince George's Black
Chamber of Commerce
Jim & Linda McIngvale
Pillars
($10,000–$24,999)
Judy Blades
Jennie Chin Hansen
AARP
Jerry Florence˜
Bank of America
Sheldon Goldberg—Honorary
Charles D. Smith, Jr.
Foundation
Lin MacMaster
Colorado Attorney
General’s Office
Donald Parker
Fran & Bill Novelli
Colorado Division of
Criminal Justice
Lois Quam*
Corporation for National and
Community Service
The Catherine B.
Reynolds Foundation*
Investor Protection Trust
Robin Talbert
John Rainey*
Two Anonymous
21
page
The AARP Foundation Board of Directors, 2006
The AARP Foundation Board of Directors is composed of members appointed
by the AARP Board of Directors. Each director serves a two-year term
and may be reappointed to serve a second two-year term.
Nelda Barnett
Tom Nelson
chair
Art Ulene
Clarence Pearson
vice chair
George Rowan
N. Joyce Payne
Fernando Torres-Gil
A.
James Forbes, Jr.
Board of Directors, from left back row: Clarence Pearson, George Rowan, James Forbes, (middle row) Fernando Torres-Gil,
Art Ulene, Tom Nelson, (front row) Nelda Barnett, Joyce Payne
22
page
The AARP Foundation Leadership Team, 2006
The AARP Foundation Leadership Team is composed of staff members who provide
the daily oversight and management of the AARP Foundation’s operations.
Robin Talbert
Edna Kane-Williams
executive director
director of integration
Kathleen Burch
Patricia D. Shannon
chief development officer
director of financial management
Stuart Cohen
Laura von Behren
director of legal advocacy
director of business operations
Susan A. Miler
director of programs
Leadership Team, from left back row: Kathleen Burch, Susan A. Miler, Stuart Cohen, Edna Kane-Williams,
(front row) Patricia D. Shannon, Robin Talbert, Laura von Behren
23
page
Summary of Financial Information
The summary of financial information has
been extracted from the AARP Foundation
audited financial statements for the year
ended December 31, 2006, and on which an
independent public accounting firm expressed
an unqualified opinion. The complete audited
financial statements can be downloaded from
our website at www.aarp.org/foundation.
TOTA L R E V E N U E
TOTA L E X P E N S E S
$149.1 million for the year ended December 31, 2006
$140.4 million for the year ended December 31, 2006
Management and General
5%
Charitable
Third-party
in-kind
14%
Fundraising
12%
10%
Grants
54%
AARP
Programs
18%
83%
Investment and other
4%
24
page
AARP Foundation Consolidated Statements of Activities
For the years ended December 31, 2006 and 2005 (in thousands)
2006
2005
REVENUES:
Grant revenue
Related party contributions
Contributions
Change in value of charitable gift annuities
Third party in-kind contributions
Investment income
Litigation settlements and other
Total revenues
$81,470
27,405
20,452
(493)
14,319
5,551
396
149,100
$83,329
33,687
14,057
(464)
15,035
2,319
103
148,066
EXPENSES:
Program services
SCSEP
Tax Counseling for the Elderly
Legal Advocacy
Other programs
Total program services
86,483
10,185
5,299
14,002
115,969
90,347
10,411
5,195
12,454
118,407
Supporting services
Fundraising
Management and general
Total supporting services
Total expenses
17,528
6,925
24,453
140,422
14,641
6,142
20,783
139,190
6,562
—
C H A N G E I N N E T AS S E T S
15,240
8,876
Net assets, beginning of year
Net assets, end of year
54,905
$70,145
46,029
$54,905
Increase in net assets resulting from
Pension Plan amendment
25
page
AARP Foundation Consolidated Statements of Financial Position
As of December 31, 2006 and 2005 (in thousands)
ASSETS:
Cash and cash equivalents
Cash and cash equivalents held as collateral
Deposit held with bond trustee
Contributions receivable
Grants receivable
Due from affiliates
Prepaid expenses and other assets
Property and equipment, net
Investments
Charitable gift annuity investments
Debt issuance costs
Total assets
LIABILITIES:
Accounts payable and accrued expenses
Grants payable
Securities loan payable
Deferred revenue
Due to affiliates
Accrued pension liability
Charitable gift annuity payable
Bonds payable
Total liabilities
NET ASSETS
Unrestricted:
Undesignated
Board designated quasi-endowment
Board designated operating reserves
Total unrestricted
Temporarily restricted
Total net assets
Total liabilities and net assets
2006
2005
$22,799
1,504
1
3,103
6,149
7,059
794
20,847
49,843
9,146
477
121,722
$48,678
308
1,802
1,269
3,685
7,180
649
21,462
17,168
7,929
495
110,625
$9,380
907
1,504
3,060
5,865
—
5,861
25,000
51,577
$12,908
1,292
308
1,825
2,537
6,562
5,288
25,000
55,720
33,900
14,839
8,900
57,639
12,506
70,145
$121,722
21,513
12,078
8,256
41,847
13,058
54,905
$110,625
26
page
our mission
The AARP Foundation is AARP’s
charitable organization dedicated
to enhancing the quality of life for all
as we age. We lead positive social
change and deliver value to those 50
and older with emphasis on those
at social and economic risk.
The AARP Foundation is AARP’s affiliated charity.
Foundation programs provide security, protection
and empowerment for older persons in need.
Low-income older workers receive the job training
and placement they need to re-join the workforce.
Free tax preparation is provided for low- and
moderate-income individuals, with special attention
to those 60 and older. The Foundation’s litigation
staff protects the legal rights of older Americans
in critical health, long-term care, consumer and
employment situations. Additional programs
provide information, education and services to
ensure that people over 50 lead lives of independence, dignity and purpose. Foundation programs
are funded by grants, tax-deductible contributions
and AARP.
photo credits
Pages 7, 9, 12, 16, 18: Blake Little
Page 15: Amy Etra
Page 19: James Wasserman
design
fuszion
a a r p f o u n dat i o n
601 E Street, NW, Washington, DC 20049
1-888-OUR-AARP (1-888-687-2277) to l l fr e e
www.aarp.org/foundation
D 18128 ( 5 07 )

ASI Report

Transcription

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