THE M

ARGA

RE

T McNAMARA MEMORIAL FUND

EDUCATION IS A WOMAN’S RIGHT

ANNUAL REPORT

July 1, 2011-June 30, 2012

The Margaret McNamara Memorial Fund®

(MMMF)

Tel: 202-473-8751Fax: 202-522-3142

mmmf@mmmf-grants.orgwww.mmmf-grants.org

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Message froM the president

What an extraordinary experience it is to serve on the Margaret McNamara Memorial Fund Board of Directors! The many women who have received grants from the Fund—205 as of 2012—are what inspires and motivates the MMMF volunteers to work so hard. Now that we can more easily stay in touch with grantees and help them network, we are further impressed by their strength in the face of adversity and leadership in improving the lives of women and children.

Yet the opportunities to interact with other Board members and volunteers also motivate us. The 2011 MMMF International Crafts Fair involved eight months of organizing by the Fair Chairs, and many more volunteers to carry out its three days of sales. The equally important fundraising effort undertaken by MMMF Friends to ask our loyal donors to continue their direct financial support will be partly folded into the World Bank’s Community Connections Campaign in 2012, hopefully growing our base of donors.

Two Selection Committees and their respective Panels again found excellent candidates for this year’s 19 grants. The grantees’ trajectories are detailed in this report. MMMF’s story was chronicled in 2011 both in the publication of our history book “30 Yearsof Supporting Women’s Education: the Margaret McNamara Memorial Fund,” and in our short video, both available at our website www.mmmf-grants.org. A pilot grant program for Latin America was launched.

We thank not only these volunteers and donors, but also the World Bank and the World Bank Family Network for their invaluable in-kind support. We are grateful also for the Bank-Fund Staff Federal Credit Union’s generous donation and for pro-bono legal advice from WilmerHale. I express my sincere appreciation to the officers and members of the Board and advisors for assuring yet another successful year of grant-making to support education of women from developing countries, and wish my successor, Andree Wynkoop, great success in leading this exceptional volunteer organization.

Charlotte Jones-Carroll, MMMF President 2011-2012

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“ I t c e r ta I n ly I s a t r I b u t e to m y m o m t h at s u c h a g r e at I d e a w h I c h s ta r t e d w I t h a s ma l l b u t d e d I c at e d a n d d e t e r m I n e d g r o u p o f l a d I e s h a s g r o w n a n d s u cc e e d e d o n s u c h a s c a l e . s h e w o u l d h av e b e e n v e r y g r at e f u l a n d h a p p y to b e h e r e I n 2011 to s e e t h e r e s u lt s .”

K ath leen mcnamara ; board member

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who we are

The MMMF was founded in 1981 in honor of Margaret Craig McNamara’s life-long commitment to women and children and her advocacy of education. The MMMF is affiliated with the World Bank Family Network and, except for one staff member, all are volunteers. The Board of Directors makes policy and raises funds; Selection Committees process applications; and separate Selection Panels select candidates who are presented to the Board for final approval. The MMMF is a tax-exempt, not-for-profit public charity based in Washington, DC. Contributions are tax deductible in the US to the extent permitted by law under section 501(c) (3) of the Internal Revenue Code.

what we do

The Margaret McNamara Memorial Fund (MMMF) provides grants to women from developing countries to help further their education and strengthen their leadership skills to improve the lives of women and children in developing countries. The MMMF considers applicants who are at least 25 years of age, demonstrate a commitment to women and children, and plan to return to their countries within about two years after completing studies financed by the grants. Since 1983, the MMMF has awarded over 200 grants, totaling over $1.6 million, to women from 61 developing countries.

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2012 grant recipients

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PATIENCE A. AFULANI

ghana

ms. afulani is a phd candidate in public health (2014) at university of california, los angeles. her thesis will identify community-based approaches to maternal and child health based on a case study of the nutrition and malaria control for child survival project in ghana. coming from one of ghana’s most deprived regions, she organized and participated in health outreach programs mainly for women and children in deprived communities. ms. afulani plans to return to ghana to teach, engage in research and a public health practice, and continue to work as a primary care clinician.

Sukriye Karaosmanoglu

Grantee

PATIENCE M. C. AKIH

cameroon

ms. akih is an med candidate in computer Integrated education (2014) at university of pretoria. her thesis will identify pedagogical best practices in teaching mathematics using information and communication technology (Ict). coming from a deprived background, ms. akih had to teach to pay for her undergraduate studies. realizing that cameroon lacks educational materials for effective teaching and learning of Ict in the classroom, she plans to become a vocational education teacher. ms. akih plans to return to cameroon to develop the curriculum and documentation to train women and girls in Ict.

TUTI ALAWIYAHindonesia

ms. alawiyah is a phd candidate in social work (2013) at university of texas, austin. her thesis will examine the impact of social capital on the health and quality of life of low-income Indonesian women. she has been involved with several women’s organizations. she co-founded a women students’ organization to raise awareness about gender equality and promote women’s rights at her university. she plans to teach social work, do research, and help establish a community-based organization to improve the lives of women and children through counseling, empowerment, and microfinance.

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BoIPoLo FREUDE

Botswana

ms. freude is a phd candidate in rural development planning (2014) at university of pretoria. her thesis, which will rank households in limpopo province, botswana, by their food insecurity and vulnerability status, aims to link research with policymaking and programs. she completed her bsc on a scholarship and her msc in germany, using her own savings. ms. freude has set up an ngo to improve policies and interventions for rural women and malnourished children. she plans to pursue research that benefits the poorest and food insecure groups, including small-scale farmers.

SAMPHoAS HUY

cambodia

ms. huy is an ma candidate in International relations (2012) at rutgers university. her thesis will research how cambodian women dealt with atrocities, struggled for justice, and rebuilt post-genocidal cambodia after the Khmer rouge (Kr) fell. she worked in the courts of cambodia and the genocide education project of the documentation center, gaining research skills and knowledge of the trials of cambodians under Kr rule. after graduating, ms. huy will research and lecture on human rights and genocide and raise funds to educate talented young girls from the cambodian countryside.

Charlotte Conable Grantee

SANDRA SHERILA JATooNAHMauritius

ms. Jatoonah is an msocsc candidate in social development (2013) at university of cape town. her thesis aims to identify the support currently available to caregivers in non-profit organizations and the support they need to work efficiently and balance work and family needs. she found her purpose in life in 2007 when she volunteered in shelters and programs for children, young mothers, and the elderly – the most vulnerable groups in mauritius. ms. Jatoonah plans to work with the government and ngos to develop projects to improve the lives of women, children, the battered, and the abused.

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LUz JIMENEz QUISPEBolivia

ms. Quispe is a phd candidate in education (2013) at university of arizona. her thesis will analyze how bolivia’s urban aymara youth use indigenous languages, spanish, and english in many areas including cyberspace. she has promoted programs for poor indigenous women in urban areas. ms. Quispe plans to return to bolivia to help prepare youth for academic and political leadership through higher education in indigenous universities, research, and education policies. she also plans to work with the education ministry to develop new curricula for indigenous and poor children.

BFSFCU Grantee

MAKoNDo MIYoBA KABINGA

Zambia

ms. Kabinga is an mphil candidate in public policy and administration (2012) at university of cape town. her thesis assesses whether privatization of urban water services has improved access, efficiency, tariff levels, affordability, and cost recovery in Zambia. despite extreme hardship, she completed her ba and gained admission into the honors and masters programmes at cape town university on the strength of her exceptional academic record and part-time work. ms. Kabinga plans to work as an administrative officer at the Zambian health ministry and lecture at the university of Zambia.

TAATSU P. KAPEWANGoLo

namibia

ms. Kapewangolo is a phd candidate in biochemistry (2013) at university of pretoria. her thesis will explore plant species, particularly the lamiaceae family, to identify less toxic treatment options for hIv/aIds. she did her msc research in europe and two african countries under an eu funded project. she plans to set up the first laboratory in namibia to identify and screen medicinal plants for treating hIv/aIds and train students. ms. Kapewangolo will team up with farmers and traditional healers, who know about medicinal plants, to set up farms and train women and children to grow them.

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SEoN MI KIM

rep. of south Korea

ms. Kim is an msw/phd candidate in social work (2013) at university of Illinois, urbana-champaign. her thesis will investigate whether inequality in the configuration of social capital keeps women out of many microenterprise fields. she worked for ten years to eradicate gender discrimination in s. Korea. ms. Kim also did research on microenterprise training programs for low-income immigrant women in the us. she plans to teach and conduct research on social work, help develop social welfare policies and programs for low-income and single women, and assist women’s movements at the community level.

CHRISPINA S. LEKULE

tanzania

ms. lekule is a phd candidate in education (2014) at university of windsor. her thesis will examine the experiences of vulnerable children in school, the challenges teachers face, and the strategies they use to meet the children’s needs. having helped needy women and children in a variety of ways such as mentoring and arranging scholarships, ms. lekule is committed to improving their lives through teaching, research, and community development. she plans to work as a university professor and researcher in tanzania and hopes to influence public policies for women and children.

NATALIA LoBo GUERRERocolombia

ms. lobo-guerrero is an ma candidate in professional studies (2013) at pratt Institute. her thesis will study the impact of art therapy to reduce post traumatic stress disorders in displaced women in colombia. working with female artisans in slums, she created and managed a cultural program at the fundacion granitos de paz, an ngo. ms. lobo-guerrero plans to make art therapy an integral part of treatment programs for children battling life-threatening diseases. she also plans to work pro-bono to provide psychological aid to women and children affected by the war.

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NAFISA MoHAMMADIafghanistan

ms. mohammadi is an mba & ma candidate in economic development (2014) at clark university. her consulting project, for her dual degree program, will develop a market niche for afghan women’s handicrafts. she worked as a consultant on a project for immigrant women entrepreneurs in worcester, massachusetts; helped destitute widows and families run businesses in afghanistan; and provided access to education and financial support for afghan youth. she will return to afghanistan to develop business opportunities for small enterprises and entrepreneurial women and set up her own consulting /business projects.

JoANNE KINYA MUGAMBI

Kenya

ms. mugambi is an ma candidate in social work (2013) at university of calgary. her thesis will investigate the challenges that prevent african youth from integrating in north americansociety as well as identify interventions for schools and other such service providers. she has worked extensively with refugees for six years, in ten countries, and fifteen cities. she also hopes to use her skills as a writer and an artisan to help women heal. she plans to work as a counselor and facilitator in refugee camps across africa with women and children recovering from trauma.

NIHAL oMAR A NAToUR

west Bank & gaza

ms. natour is a phd candidate in human nutrition (2014) at mcgill university. her thesis will study the correlation between bone health, insulin sensitivity, vitamin d, and diet among aboriginal people in canada. she attaches priority to the well-being of poor women and children, focusing on allergy, asthma, diabetes, and osteoporosis. ms. natour plans to return to the west bank & gaza to work on health projects and do research on food security and nutrition during pregnancy and childhood and the incidence of disease among marginalized women and children.

Leila zlaoui Memorial Grantee

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VULEDzANI P. NDANGANENI

south africa

ms. ndanganeni is a ba honors candidate in augmentative and alternative communication (aac, 2013) at university of pretoria. while studying for her honors degree, she is providing early aac intervention to children with severe communication and physical disabilities, as well as speech therapy and audiology services to women. ms. ndanganeni intends to pursue an ma in early communication Intervention. she plans to train staff in schools and centers for people with disabilities and do pro bono work in communities that need funding for high technology aac devices.

HADDY NJIE

the gambia

ms. njie is a phd candidate in educational leadership and policy studies (2013) at florida state university. her thesis will study the uses of literacy skills among women in peri-urban areas of banjul, the gambia’s capital. she has focused on deepening her understanding of the situation of african women, including such issues as genital mutilation and early marriage. ms. njie plans to return to the gambia as a faculty member in the national university, link students and faculty with local women’s and community development associations, undertake research, and advocate policies on gender bias in education.

KEFILoE AUDREY SELLo

Lesotho

ms. sello is an ma candidate in social anthropology (2012) at university of cape town. her thesis will analyze the efficacy of Information and communication technology services (Icts) for lesotho’s rural women. despite her disadvantaged background, she was able to obtain admission in the universities of lesotho and cape town. as a student, she took the lead in volunteering and setting up ngos. she plans to help women through university teaching in lesotho; conducting research; working with ngos; and promoting small do-it-yourself projects, distance learning, and Ict skills.

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RAKHAT zHoLDoSHALIEVA

Kyrgystan

ms. Zholdoshalieva is doing a doctorate in education (2013) at university of toronto. her thesis explores the changing relationship between education and Kyrgyzstan’s society and economy, particularly labor markets, in the context of the country’s rapid social transformation since independence. she has taught in teacher education programs and researched the gender aspects of education in Kyrgyzstan and pakistan to help inform policy makers and practitioners. ms. Zholdoshalieva plans to join a university to develop a culture of research and support gender-based reform in Kyrgyzstan.

seLection coMMittees & paneLsAfrica chairDebra Byam BB co-chair Melanie Jaya AzMaria Alcover ESMehrunnisa Bashir USTembi Chikosi zWCorrie de Blocq van Scheltinga (Bridgeman) zAMadeleine de Kock zAKhetsime Dlamini zACecile Ferri FRPeta Hellmann zAPatrick Kabuya KENalinie Kouame SLFrancine Last UKElizabeth Medina Tata PHPhindile Ngwenya SzBinny Saker UKSelene Sopelana Loyo MXElize vander Linde zAJudy Wolf US

US/Canada chairMadeleine de Kock zA co-chairReiko Niimi JP Toyin AdenijiMaria Alcover ESBetsy Alley US/ UKClaudia Alvarez CoIsabelle ChattertonGlaucia Fernandes BRGabrielle Herderschee-Hunter AULori Jacobson CAAda La Forgia DoSamalie Nambuuya UGDorine otieno KEAna-Maria oviedoJacqueline Rivero VESwati Srivastava INAlex WellsteedJudy Wolf USMarcia YuJuan zhang CN

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“ w e a r e s o p l e a s e d to h av e m o v e d t h e w h o l e s e l e c t I o n p r o c e s s o n l I n e t h I s y e a r , t h u s h e l p I n g r e d u c e o u r c a r b o n f o ot p r I n t ! ”

madele ine de K ock

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the seLection process

For women studying in the US and Canada, the Selection Committee normally comprises 15 international members and carries out its work completely independently of the Board until the final stages. After a four-month period in which applications are received, the Selection Committee begins two rounds of screening, narrowing the field to a short list of candidates. These are passed to the Selection Panel, which consists of a subset of the Committee plus five new people—World Bank staff or retirees. The panel concludes which candidates to propose to the Board, which makes the final decision. For women studying at the Universities of Pretoria and Cape Town, a separate Selection Committee carries out the work, following a similar process.

fundraising

The 2011-12 annual request for donations from Friends of MMMF has raised over $48,000 for MMMF programs. Generous donors to the Friends campaign have generated over $600,000 since 1993 and allowed expansion of the grant program to many more women. In addition to a donation from the Bank-Fund Staff Federal Credit Union funding an additional grantee annually, the MMMF gratefully receives contributions from World Bank staff in lieu of their retirement parties.

Family members of the late Leila zlaoui, a Bank staff member, supported by many of her friends and former colleagues, have established in 2012 a multi-year MMMF fund to enhance the grant funding available to women from North Africa and the Middle East.

In october 2011, the 26th MMMF International Crafts Fair was held In the main World Bank complex. once again, dozens of vendors offered tantalizing goods during the three-day Fair, which was supported by many volunteers. overall, the Fair brought in over $41,000.

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“ I h av e n ot l e t m y p o v e r t y o r g e n d e r d e t e r m I n e m y d e s t I n y.”

vio let yebei , K enya , 2007 grantee

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the foruM, KnowLedge exchange and networKing

The 19 women selected to receive MMMF grants in 2012 were invited to ceremonies in Washington, DC and South Africa. The main event is the Forum, in which each recipient shares her story and goals with MMMF supporters, Bank staff and guests. These visits also provide an opportunity for the grantees to meet MMMF Board and Selection Committee members as well as each other. often this initiates relationships and networking among the grantees, particularly those who are pursuing similar goals. MMMF is currently also strengthening its network of earlier grantees to link those who might be in the same professional field or country. While the US/Canada grantees are in Washington, MMMF tries to take advantage of the World Bank’s deep knowledge base by identifying experts in specialized fields, such as health, education and social capital, to meet with grantees or serve as future contacts. The women also learn about the Development Gateway program, a means to access up-to-date sector development knowledge.

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“ m m m f I s c h a n g I n g t h e w o r l d, o n e w o ma n at a t I m e ”

grace handy, s r i lank a , 2009 grantee

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south africa prograM 2012 grantees in pretoria

“Normally, women are shy in doing technology work and our world is a technological world. I want the women, the youth and the girl-child to be empowered in this area.” Patience Akih (Cameroon)

“I am studying issues of vulnerability to food security because rural women and children tend to suffer more when there are livelihood shocks, such as high food prices or HIV/AIDS.” Boipelo Freude (Botswana)

“ I’m pursuing a Master’s in Public Policy as it will help me hone the skills I need to get where things are happening. I hope to help in the drafting of policy and decisions and later legislation to actually empower women and children.” Makondo Kabinga (zambia)

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recipients’ data

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a recipient ‘s story

“Receiving the grant was one of the major achievements of my life, but the greater realization of the impact of the grant was made clearer when I arrived in D.C. It was for the first time in my life that I felt that my passion for educating the marginalized children who are disabled, victimized by poverty and war was finally recognized and appreciated and by others, and not just others, but women who have dedicated their lives to making a difference in the world. Thus far this road I traveled felt lonely at times; full of sleepless nights, ridicule, countless tears and hardships. There was a time when no one believed in what I wanted to do. Many times I had come very close to giving up. I had only my faith and the thoughts of the children whom I wanted to serve that kept pushing me forward.”

“The one thing I will never forget about this experience is that I had the privilege of meeting a group of women [MMMF Family] who have committed their lives to helping women like me. I will never forget that within the large somewhat overwhelming buildings of the World Bank, somewhere in a small corner office are a small group of women who are building bridges of change, love, acceptance and service; a group of women who are making a difference in the world, one woman at a time.”

Grace Handy, Sri Lanka, 2009 MMMF Recipient

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recipients by degree (1983–2012)

Bachelors1%

others4%

Doctorate/PhD60%

Masters35%

recipients by year (1983–2012)

19821984

19861988

19901992

19941996

19982000

20022004

20062008

20122010

2 01 81 61 41 21 086420

No.

of R

ecip

ient

s

In the first five years of grant-making, MMMF was still working hard to build the financial foundation, and made only one $3000 grant each year starting in 1983. In recent years, 16-19 grants were the norm.

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recipients’ area of study (1983–2012)

Social Work6%

Health26%

Agriculture + Environment7%

International Studies6%

other13%

Social Sciences20%

Education21%

regional distribution of recipients (1983–2012)

Middle East/North Africa5%

Europe/Central Asia5%

Sub-Saharan Africa53%

Asia25%

Latin America12%

Though the emphasis on fields that help women and children generates many grantees that specialize in health and education, other specialties also emerge: water engineering, film making, agricultural extension, human rights advocacy, law and public policy.

opening our South Africa program five years ago intensified the Africa regional concentration. Currently, MMMF is developing a pilot program in Latin America to enhance the diversity of national origin of grantees.

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directors, officers, advisors & chairs

“ e a c h y e a r , h u n d r e d s o f v o lu n t e e r s d o n at e t h e I r t I m e , e n e r g y a n d e x p e r t I s e to r a I s e f u n d s f o r m m m f.”

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2011-2012 oFFICERS President Charlotte Jones-Carroll US Vice- PresidentSarah Brau US/DE TreasurerJayati Datta- Mitra IN SecretaryKris Martin AUS Program CoordinatorAparna zaveri IN (Feb 12–Jun12) Martina Adank CH (Jul11–Feb12)

DIRECToRS Nadereh Chamlou IRJoanne Garrity USAndrea Gianoulades Anayiotos GRDominique Lallement FRKathleen McNamara USSuman Mehra INTalaat Moreau PKElna van Greuning zAMonica Vidili ITHilary Welch UKAndree Wynkoop US

ADVISoRS Georgine Ahmad NLCaroline Berney UK/ USGilda Dadush FRJean-Louis Sarbib FRHada zaidan LB

AUDIToR John Mullins Councilor, Buchanan & Mitchell, PC

INVESTMENT ADVISoRS ozgur KaraosmanogluRaymond James and Associates

LEGAL ADVISoR Barbara Kirschten WilmerHale

HoNoRARY MEMBERS Harriet Baldwin USCharlotte Conable USSukriye Karaosmanoglu TRPatsy Preston USCarla Scearce ITRuby Wingate CAHanna Woicke DE/ USElaine Wolfensohn US

HoNoRARY ADVISoRS Sigrid Blobel DELois Khairallah USPriscilla Linn US

FRIENDS ChairNadereh Chamlou IR Financial SecretaryChristine Stover US

FAIR Co-chairsGeorgine Ahmad NL Caroline Berney UK/ US Kris Martin AUS

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donors & Benefactors

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MMMf donors 2011-2012

BENEFACToRS George & Harriet Baldwin Helen & Tom Clausen Robert & Kathleen Hindle Charlotte Jones-Carroll ozgur & Lori Karaosmanoglu David A. Klaus Dominique Lallement

Margaret Mendelsohn & Colin Warren Augusta Molnar & Kent LupbergerJoanne SalopNicholas SternHasan Tuluy & Andree Wynkoop Aydin Tuncer

PATRoN Eduard Brau Julia Brau Jayati Datta Mitra & Gautam Datta Frank & Dorothy Farner Cecile Fruman & Ahmet Tokpinar

Brigid Holleran Mary Lou & Joseph Ingram Edward & Victoria Jaycox Iza Lago Silva Hilary G. Welch

SPoNSoR Anonymous (6) Elizabeth Adu Anja Brau Nicholas R. Burnett Cynthia C. Cook Deborah J. Danker Asmaou Diallo-Bah Marcello Estevao Filho Mr. & Mrs. J.M. Finger Alice Galenson & Lou Thompson Hillegonda J. Goris S. Ben Hui Margaret Lane

Nancy Eisold Lindsay Katherine Marshall Kim Marshall Kristine & William Martin Talaat & Luc Moreau Barbara & Mike Ruddy Robert Saum Rhoda Schneider Alexander Shakow Baljeet K. Singh Vittoria V. Winterton Barbara Wolff Searle

ASSoCIATE Anonymous (7) Faheen Allibhoy & Mohammed Khaishgi Sarah Brau Lloyd & Mary Ann Briggs Nadereh Chamlou Mr. & Mrs. William R Cline Gilda Dadush

Susan Dennison Susan Fennell Andrea Gianoulades Anayiotos Elaine Gravatt Ann Hammond Elaine A Hubert John & Yvonne Kendall Fons & Anna Marcelis

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Suzanne F. Morris Helen M. ondik Patricia V. o’Neil Kenlee Ray James & Thywill Sackey Mary oakes Smith Christine A. Stover

Horst Struckmeyer Carolyn S. Tager Alexander H. ter Weele Linda L. Thompson John Waterston Jiping zhang & Jin Fu zhou

MEMBER Anonymous (3) Douglas & Rapeepun Adkins Caroline & Richard Berney T. Mark Bowyer Ilona Carroll Robert & Joanne Garrity Bee Ean Gooi Hiroko Imamura Ann E. Kerr

Karen o. Mason Suman Mehra Alan Miller Katharine Panfil Jan H. & Elna van Greuning George & Hada zaidan Fred King M. El-Ashry

CoNTRIBUToR Anonymous (2) Luis Abello Georgine Ahmad Sonia Berrios Carroll Richard Blumm Louis Boorstin & Alissa Stern Annemarie Brink olsen Anne C. Dickerson

Avoki Emungania-Jackson Robin L. Glantz & Anthony Giccone Francis S. & Margaret A. Harvey Lottie Mae Jones Evan Prucha William V. Todd Rose zaeske

WoRLD BANK STAFF RETIREMENT DoNATIoNS Theodore AhlersMauricio Carrizosa Kristi Cruzat Ulka Desai C. Izquierdo-Gonzalez P. S. Kalsi Nicole La Borde

Ngozi N. okonjo-Iweala Hock Chye ong Padmanabhan Srinivasan Hsiao-Yun Elaine Sun Lynn Thornton Baljeet K. Singh Asmaou Diallo-Bah

oTHER DoNoRS Bill & Melinda Gates FoundationBank Fund Staff Federal Credit UnionDevelopment Economics Unit, Vice-Presidency, WBGIMF Helping Hands

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Robert & Margaret C McNamara Foundation #3 Wolfensohn Family FoundationThe zlaoui Family

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SUMMARy FINANCIAL STATEMENT Fy12

contributions and other revenues $

Cash contributions 151,835

In-kind contributions 52,983

Special fund-raising events 43,091

Less: direct expenses (2,558)

Miscellaneous revenue 173

total revenues (a) 245,524

expenses

Program services

Educational grants and other recipient expenses 178,772

other program expenses 34,924

Supporting services

Fundraising expenses 37,014

Management and General expenses 31,592

total expenses (B) 282,302

Decrease in net assets before net investment income (C=A-B) (36,778)

Net investment income (D) (62,806)

Increase (decrease) in unrestricted net assets (C+D) (99,584)

Unrestristed net assets at beginning of year 2,437,065

unrestricted net assets at end of year $2,337,481

Notes: Full audited financial statements are available for inspection upon request. The following non-monetary (in-kind) contributions totaling $52,983 were received and are included above in both revenues and expenses: $45,696 from WBG for office space, communications, printing and administrative/event support; and $7,286 for pro bono legal support. MMMF also benefits from significant volunteer time to carry out its management and program. Cash donations include Leila Zlaoui Memorial Fund.

Pictures from the 2012 Forum courtesy of Alain Cornet

Design and Layout Gilda Dadush and Monica Vidilli

Copyright of the Margaret McNamara Memorial Fund®

all rights reserved

printed in the usa, 2012