echoing green 2010 annual report

8/8/2019 Echoing Green 2010 Annual Report

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annual report 2010


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echoinggreen

unleashesNEXTGENERATIONTALENTto solvethe worldsbiggestproblems Rural China Education Foundation (Fellowship Class of 2007 )Credit: Marco Flagg


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dear FriendS,

For those o us interested in the work o social entrepreneurs, the past year witnessed anexplosion o activity rom all quarters. The work o innovative, new organizations has beenthe catalyst or important conversations about value creation and the kind o world in whichwe all want to live.

For decades, the social sector has been bedeviled by the lack o simple, all-encompassing measures o success like return on investment and effi ciency that are the common currencyo business. As social innovators search or a way to communicate the power o their newsolutions, they are attempting to reconcile these compelling business measurement constructswith the messy reality o societal change and its hard-to-assess outcomes. Echoing Greencontinues to be on the rontline o these critical debates.

In particular, many in our community are deeply engaged in the attempt to create a new assetclass called impact investing, which generates returns or investors that are simultaneously

nancial, social, and environmental. Our community is part o the discussions that are setting expectations or the marketplace o investments, pushing the eld to develop better metrics,and pressure-testing tradeo s between growth and exit strategies, and impact and pro t.Our work with young people on college campuses and beyond is infuencing (and being infu-enced by) their sense o how business and social objectives should come together in the world,

refecting their ocus on harmonizing economic success with meaning ul service to theircommunity. The Echoing Green community continues to in orm the way institutions o higherlearning think about their roles in preparing tomorrows talent to take on and solve todayschallenges. And we continue to both spark and engage in dialogues that bring diverse audiencestogether, sharing our unique perspective on a human capital approach to social innovation.

Your collective e orts have propelled us to a new level o leadership requiring a more robust organi-zational response. A multimillion-dollar, multiyear capacity investment by the W. K. Kellogg Foundation has provided us with the growth capital to do just that. We remain grate ul or andinspired by your vision or what solutions-oriented civic engagement can unleash around the world. And we look orward to our continued work together as we think big, act boldly, and drive change.

Sincerely,

david c. hodgSoncHAir, EcHOiNG GrEEN

cheryl l. dorSeyPrEsidENt, EcHOiNG GrEEN1992 EcHOiNG GrEEN fELLOw


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Think Big. Be Bold. Drive Change. These are the maxims of social change.To think big is to imagine the world as it might be.It is to dig into root causes and push past the status quo.

It is to be fueled by possibility.

Echoing Green invests in next generation leadersEchoing Green Fellowswho think big. Fueled withpurpose and fuent in the issues they are addressing,our Fellows and Alumni see social, economic, andmoral value in the orgotten and marginalized.

Since 1987 , we have provided$30 million to nearly500 FellowS driving change inForty-two countrieS onFive continentS .Sixty-six percent o the organizations have reachedsustainability. Their highly leveraged ideas continueto spur innovationdi using into the mainstreamand changing the way the world addresses theirsocial issues.

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One Acre Fund (Fellowship Class of 2006)


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Our EcOsystEmOf changemakingOver more than two decades, Echoing Green has builta robust ecosystem supporting the worlds most prom-ising visionaries and their bold ideas or social change. A dynamic and synergistic community o talented people,ideas, and resources, this innovation hub works becauseit incents and celebrates innovation, takes but manages

risks, and accepts and learns rom the inevitable ailuresthat accompany great leaps orward.

Our open and broad networkone that crosses genera-tional, ideological, sectoral, and geographic boundariesis the oundation o Echoing Greens ecosystem o innovation. Recognizing the true wisdom o the crowd,Echoing Green marshals the time, talent, and treasureo our social innovators, skills-based volunteers, engaged

donors, community scouts, and pro bono partners.In 20092010, we engaged close to 1000 people inEchoing Greens ellowship selection process, technicalsupport activities, and events. Our nearly 350,000Twitter ollowers are another indicator that Echoing Green continues to grow as a dynamic hub and gathering place or young people everywhere to think big.

tALENtidEAs

rEsOurcEs


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As a social innovation seed funder,Echoing Green is positioned to spot

trends before they mainstream.Recently, we have seen a growthin and supported the developmentof products designed for users at

the base of the pyramid. These big ideas are transforming lives andrevolutionizing the marketplace.

text meSSageSthat protect against counter eit drugsUp to 5 percent o drugs sold in developing countries arecounter eit. Nathan Sigworth (2008 Echoing GreenFellow) o PharmaSecure launched a technology plat ormthat allows consumers to check the authenticity o theirmedication via SMS.

Sanitary padSmade rom banana bersElizabeth Scharp , a 2008 Echoing Green Fellow and

ounder o Sustainable Health Enterprises (SHE), islaunching emale-run ranchises to manu acture anddistribute low-cost sanitary pads made out o banana

bers. Ultimately, she aims to dramatically reducethe hundreds o millions o dollars in lost income andproductivity that result rom women in developing countries missing school and work during menstruation.

an inFant incubatorless than one percent the traditional cost Jane Chen and Rahul Panicker2008 Echoing GreenFellows and co- ounders o Embraceare designing anddistributing this portable product in developing countrieswith the potential to save over 100,000 low-birth-weightbabies in ve years.

a point-oF-Sale SyStemon a mobile phoneDavid del Ser (2009 Echoing Green Fellow) o Frogtekcreates mobile applications or micro-retailers in emerging markets. His rst application is a point-o -sale system or

shopkeepers that helps them better manage their inventoryand improve their pro ts.

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My a liation as a member o Echoing Greens board inspired meto leave my day job and create B Lab with two o my best riends.Certi ed B Corps care as much about creating social and environmental

bene t as earning pro ts. What connects these two parts o my li e is how we in use capital with purpose.The purpose o my capital is to help build a market-

place o ideas and talent that improvesthe conditions or every human beingand the earth we collectively inhabit.

The rst working prototype o the corn sheller gave me a big sense o accomplishment. We sold 1000 products in our rst year and we plan to

spread our work across East A rica over the next ve years

through local partnerships and community innovation initiatives. EchoingGreen helped me dream a lot bigger. A ter all,there is a global market o 1 billion bicycles.

andrew kaSSoy B LAB When Andrew Kassoy joined Echoing Greens board in 2004, he had spent thirteen years in the private equity sector. As a mentor, he helps Fellows develop the best structurefor their social enterprises nonpro t, for-pro t, or innovative hybrids. More recently, he seized a big idea by creating B Lab, a nonpro t that de nes and certi es a new class of corporationsB Corporations

that use the power of business to solve social and environmental problems.

Jodie wu GLOBAL cycLE sOLutiONs As an MIT engineering student, Jodie Wu (2010Echoing Green Fellow) brought her idea for an income-generating bicycle to Tanzania.Trial and error led to a corn sheller, a mobile phone charger, and other simplemachinesall of which are bicycle-poweredthat transform the daily lives of subsis-

tence farmers around the world, while retaining the full function of the bicycle.

infusemy capitalwith purpose

create

businesseson bikes

think big to...


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our Selection proceSS:crowd-Sourcing For talent As one o the ew unders o early-stage socialventures, we know that big ideas are germinating everywhere. Echoing Green invests in promising

leaders with potential or signi cant long-rangereturns. We are open to any geographic ocus,sector, social issue, or project type nonpro t,

or-pro t, or hybrid structure. In act, 40 percento our 2010 Fellows ramed their bold ideas as

or-pro t social enterprises.

It is to own a problem in the world and pursue nothing less than transformation.Bold leaders align their hearts with their heads and convert obstaclesinto opportunities to realize their visions.

To be bold is to embrace risk.

the 2010 echoing green FellowSThis year, Echoing Green selected twenty-onepromising social entrepreneurs who bring boldapproaches to health, human rights, education,poverty, environment, and agriculture.

Each Fellow receives up to $90,000 in seedunding, supplemented by health insurance and

pro essional development stipends and hands-onmentoring rom Echoing Green sta , eld experts,and thought partners. Fellows also bene t

rom our technical support, communicationsconsulting, and skills-building con erences.

Bold ideas need champions. We surround Fellows with a community o like-minded social entrepreneurs and businessexperts. We also o er the gi t o time so thatthey can test ideas be ore accelerating and scaling to the next level.

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( 3 ) selection Expert judges interviewed thirty

nalists over a selection weekendto help select the class o 2010.

( 2 ) application evaluation 300 volunteersAlumni, board, donors,and riends elded the applicant pool inseveral rounds o reading.

( 1 ) self-nomination

Received 1100 applications rom seventy-three countries.Hundreds o scouts helped identi y this emerging talent.


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We created a unique social incentive structure a link between a school or girls and desperatelyneeded services or all. Now the community

associates these serviceswith girls education. Echoing Green believed

in us. Were proud and humbled to be part o this community.

kennedy odede and JeSSica poSner sHiNiNG HOPE fOr cOmmuNitiEs Kennedy Odede (2010 Echoing GreenFellow), who is pursuing studies at Wesleyan University, is the rst person from one of Africas largest slums,Kibera, Kenya, to attend a four-year college. Jessica Posner (2010 Fellow) moved to Kibera after graduating fromcollege, partnering with Kennedy to create Shining Hope for Communities, the rst tuition-free school for girls thatalso offers community members basic services including healthcare, water, computer training, and adult literacy.

change thevalue placed onwomen in africa

end

povertyin india

When I became an Echoing Green Fellow in 1998,micro nance was still a novel concept in theUnited States. Without Echoing Green, SKS would

not have gotten of the ground when it did. SKS has now

provided more than 7.5 million poor women in India with accessto nancial services, and we continueto reach more people.

vikram akula sKs micrOfiNANcE Vikram Akula is a 1998 Echoing GreenFellow and founder and chair of SKS Micro nance, the largest micro-

nance organization in the world to issue an IPO. His 2010 book, A Fistful of Rice, tells the story of how he combined philanthropy and capitalism

to help Indias poor transform their lives by becoming business owners.

be bold to...


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JaSon arambururE:cHArenvironment Build cost-effective distributed carbon-negative power plants that produce energyfrom waste and replenish soils in ruralfarming villages in Sub-Saharan Africa andLatin America.

anna elliotBAmyAN mEdiAcommunity improvement and economic development Produce reality TV competitions indeveloping countries to celebrate socialentrepreneurs and educate millionsof viewers on what it takes to buildsuccessful social ventures.

ben cokeletPOdErcommunity improvement and economic development Develop civil society stakeholders in LatinAmerica as corporate accountabilityguarantors by effectively utilizing businessintelligence, transparency technology, andgrassroots organizing.

deepa gangwanitOGEtHEr As ONE (tAO)community improvement and economic development Develop a waste-to-energy socialenterprise that builds demand forsegregated waste and generates incomeopportunities for highly marginalizedcommunities in India.

Jacob donnelly andbrian caouettefArm BuiLdErsagricultureReduce poverty in Liberia by providing smallholder tree crop farmers withmanagement services and access to long-

term investment capital.

rebecca hellerirAqi rEfuGEE AssistANcEPrOjEctcivil and human rightsCreate a system of legal representationfor Iraqi refugees living in dangeroussituations overseas to ensure their timely

resettlement in safe third countries.

nick ehrmannBLuE ENGiNEeducationEnable low-income high school students

to graduate with the skills they need tosucceed in college and career by training

teams of recent college graduates to serveas high dose tutors.

iSaac holeman andJoSh neSbitfrONtLiNEsms: mEdichealthEmpower health workers in poor countries

to communicate, coordinate patient care,

and provide diagnostics using low-cost technology.


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aShni mohnotENzieducationReduce the nancial barrier to educationby enabling people to invest in studentshigher education in exchange for a share infuture income for a xed period of time.

a. latham StapleSEmPOwEriNG sPirits fOuNdAtiONcivil and human rights and community improvement Fight negative stereotypes of LGBTindividuals by organizing communityservice projects that join together LGBTand non-LGBT individuals to work togetherside-by-side, fostering collaboration andencouraging nonconfrontational dialogue.

JeSSica poSner andkennedy odedesHiNiNG HOPE fOr cOmmuNitiEscommunity improvement and economic development Combat intergenerational cycles of povertyand gender inequality by linking tuition-free schools for girls to essential socialservices in the Kenyan slum of Kibera.

Scott warrenGENErAtiON citizENeducation and youth leadershipExpand democracy by empowering historically under-represented youth toparticipate in the political process through anaction-based student-led curriculum in ournations high schools.

david Schwartz and anim SteeltHE rEAL fOOd cHALLENGE food, nutrition, agricultureBuild a healthy, fair, and green foodeconomy by harnessing the political powerof youth and the purchasing power of

universities to shift demand toward sociallyresponsible farm and food enterprises.

Jodie wuGLOBAL cycLE sOLutiONseconomic development Transform the bicycle into a vehicle forincome-generation and innovation for the500 million smallholder farmers around theworld earning less than one dollar per day.

abhiShek Sen and aman midhaBiOsENsEhealthPrevent 1 million anemia-related maternaland infant deaths that occur in developing

countries each year by introducing anaffordable, effective, and noninvasivescreening and monitoring device.

Jamie yangEGG-ENErGycommunity improvement and economic development Offer poor households and smallbusinesses in Tanzania a comprehensive

battery subscription service that willprovide electricity for health, safety, andeducation bene ts.


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To create social innovation is to drive changesthat generate dramatic, not just incrementalimprovements in communities and the sector.Here is a sample o some o the trans ormativechange sparked by our 500 Fellows.

one acre FundFounded by 2006 Echoing Green Fellow Andrew Youn,One Acre Fund provides a proven investment package tohelp A rican armers and their amilies permanently de eatchronic hunger. From a pilot o orty arm amilies, theorganization has grown to directly serve 30,000 amilies,doubling their arm income on every planted acre.

SkS microFinanceFounded by Vikram Akula (1998 Echoing Green Fellow),SKS is the largest micro nance institution in India and the

rst to go public there. Leveraging capital markets to achievescale, SKS was able to reach 7.5 million clients in twelve years(it took Grameen Bank thirty- ve years to reach 8 million).

the Seed FoundationFounded by 1998 Echoing Green Fellows Eric Adler andRajiv Vinnakota, The SEED Foundation has opened urbanpublic boarding schools or the most at-risk youth in Washington, D.C. and Maryland. Ninety-one percent o SEED students graduate (compared with 62 percento A rican Americans nationally)and 96 percent o SEEDgraduates are accepted to our-year colleges and universities.

To drive change is to relentlessly pursue outcomes.These leaders enlist hearts, minds, and resources,making their causes our causes

to improve the world.


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drive change to...include morevoices inthe public

conversation

When I became an Echoing Green Fellow in 2008, American editorial pages were dominated 85 percent

by men. In act, the range o voices (and brains) we hear romin the world almost everywhereonline, on TV, in Congress

is incredibly narrow: mostly western, white, privileged,and overwhelmingly male. This suggests a tremendous

opportunity: what would be the return to societyi we could harness all o our brain power?

katie orenStein tHE OPEd PrOjEct The OpEd Project believes that if we hear the best ideasfrom all kinds of peoplewomen includedwell have a smarter, better world. Nearly 4000 womenhave been trained and connected to a national network of mentors in the media. They have a 25percent success rate publishing opinion pieces in major outlets, including The New York Times,The Wall Street Journal, and National Public Radioand they have reached tens of millions of readers.

At EcHOiNG GrEEN,Our core purpoSe cONtiNuEs We identi y and ampli y next generation leadership. We orti y outsizedideas with seed unding, cutting-edge knowledge, mentors, connections,and public visibility.

Like many in the social innovation arena, we recognize that networksunction as the critical unit o change. Everyone in our Echoing Green

communityFellows, Alumni, board members, donors, partners,and riendscontributes to this lively, network-based intelligence.

Our ecosystem or innovation is stretching across sectors and generations.

All o us Thinking Big, Being Bold, Driving Change.

fELLOwsANd ALumNi

dONOrs

PArtNErs


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Senior StaFFCheryl L. DorseyPresident1992 Echoing Green Fellow

Lara GalinskySenior Vice President

Rich LeimsiderDirector of Fellow and Alumni Programs

John WalkerDirector of Finance

development committeeCathy BacichMike BalabanVanessa BurgessGuy de Chazal (Board)Marie KellyMaria KourepenosAnne PollackDavid SicherEmily Susskind

Social inveStment councilThe Social Investment Council isa community o nearly 100 young pro essionals who invest as engageddonors and volunteers. Councilmembers support Fellows as mentorsand pro bono consultants at ourhands-on Communications Auditsand Brain Trusts in which smallteams address a Fellows speci cbusiness challenge.

board oF directorSDavid C. Hodgson, ChairGeneral Atlantic LLC

Maya Ajmera, Vice ChairThe Global Fund for Children1993 Echoing Green Fellow

Esther Benjamin, TreasurerUnited States Peace Corps

Peter CampbellEducation Capital Partners

Guy de Chazal

Cheryl L. DorseyEchoing Green1992 Echoing Green Fellow

Betsy FaderDoris Duke Charitable Foundation

Marianne Gimon

Andrew KassoyB Lab

Diana Propper de CallejonExpansion Capital Partners, LLC1990 Echoing Green Fellow

Jerome C. VascellaroTPG Capital, L.P.

Daniel WeissSt. Martins Press

Special adviSorSCarter F. BalesNewWorld Capital Group, LLC

Michael BrownCity Year1991 Echoing Green Fellow

Richard CavanaghHarvard Kennedy School

William E. FordGeneral Atlantic LLC

Paul GravesThe Goldman Sachs Group, Inc.

Rosanne HaggertyCommon Ground

Michael LoebLoeb Enterprises, LLC

Mario MorinoVenture Philanthropy Partners

Bill ShoreShare Our Strength1991 Echoing Green Fellow

William Shutkin

University of Colorado Boulder1993 Echoing Green Fellow

Our LEAdErsHiP


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drive change by...

brian dunlap Brian Dunlap represents the third generation of GeneralAtlantic leadership support since it founded Echoing Green. His work analyzing new investments and providing operational support to portfolio companies in

the U.S. and Latin America complements his role as co-chair of the SocialInvestment Council.

katherine boaS Katherine Boas is a manager at McKinsey & Company andco-chair of Echoing Greens Social Investment Council. She also runs the BarefootMBA, an adaptable tool she created to teach basic business to anyone, anywhere.

I grew up in a amily where givinginvolved more than money, so Ive never elt com ortable just

writing a check and walking away. EchoingGreen has been something to run, not just walk, to.

From evaluating Fellowship applications toworking directly with Fellows in rural Rwanda, Echoing Greenhas broadened my opportunities or giving while creatingopportunities to show others what engaged philanthropy can be.

applying mybusiness skillsin a new way

redefininghow togive

Part o the reason I was so enthusiastic to work or General Atlantic was its association with EchoingGreen. Ive been able to use my business skills to

help Fellows develop strategies that promote sustainability. My grandmasaid, Siempre adelante. Always

orward. Social entrepreneurs are orward-looking in a way ew others are, and its uniquelyrewarding to help them actualize their visions.

Sara Horowitz,1996 Echoing Green Fellowand 2010 Social InvestmentCouncil Be Bold Awardee


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$1,000,000 A D UPGeneral Atlantic LLC W. K. Kellogg Foundation

$500,000-$999,999David C. and Laurie B. Hodgson The Pershing Square Foundation

$100,000$499,999Anonymous (5)Alwaleed Bin Talal Foundation Peter Bloom and Janet Green eld Steve and Roberta Denning Flora Family Foundation Andrew Kassoy Nozomi Terao and Joshua S. Levine

$25,000$99,999Anonymous (1)American Securities Capital PartnersAnnie E. Casey FoundationKitty and Guy de ChazalCharlotte and Bill Ford*Chandra and Paul GravesThe Harvard Business School Club

of New YorkLisa and David IssroffPaul, Weiss, Rifkind, Wharton &

Garrison LLPThe Seinfeld Family Foundation

$10,000$24,999Anonymous (1)Joel AckermanThe Altschul FoundationBlue Ridge Foundation New YorkJohn C. Burchett*Credit SuisseDeloitte Services LPThe Dinyar and Aashish Devitre FoundationEdwin Gould FoundationGermeshausen FoundationThe Glastenbury FoundationGrabe Family Foundation, Inc.HBORussell Kling and Jelena GmitrovicThe Lamont Family FundSteven B. MalkensonMaurice Amado FoundationMario MorinoMorrison and Foerster LLPPeter MullerNathan Cummings FoundationRed Crane FoundationShiva Sarram and Drew PearsonAmy and Jeffrey SilvermanFranchon and Gloria Smithson*Mary and Jerome VascellaroPatti and Rick Wayne

$5,000$9,999Anonymous (2)Eli Aheto Maya Ajmera and David HollanderCathy Bacich and Ed SchallertFrank V. BuquicchioElizabeth A. Cassidy Kathryn Corro

Charlotte and Rory CowanEmpire Blue Cross Blue ShieldBetsy Fader*General Electric CompanyMarianne A. Gimon and Alessandro

dAnsembourg Katie and Peter Ginsberg Nellie and Robert GipsonWilliam HelmanAdam and Jules JanovicEllen Jewett and Richard KauffmanKaye Scholer LLPKekst and CompanyAlex and Kristen KlabinKristen and Jonathan KorngoldMiles and Elizabeth Lasater Lee and Cynthia Vance FoundationLinklaters LLPMcKinsey & Company, Inc.mergermarketMurray R. MetcalfeMorgan StanleyRonnie Planalp and Stephen TrevorDiana Propper de CallejonPaulo Ribeiro and Walter Cain*Rita J. and Stanley H. Kaplan Family

Foundation Inc., Scott Kaplan BelskyDavid and Dorrie Rosenstein*

Echoing Green is supported by private contributionsfrom corporations, foundations, and individuals. We extendour deepest thanks to our donors, whose generositymade our accomplishments in scal year 2010 possible.

Our iNvEstOrs


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Senator Investment Group LPTom C. TinsleyJenny and Philip TrahanasRobbert and Jenny Vorhoff*

$2,500-$4,999

Karen Duf n Brian Dunlap*Richard E. CavanaghCheryl DorseyDiana ElghanayanExpansion Capital Partners, LLCAaron M. Goldman*Lauren Hubbell I Do Foundation

Journey Charitable FoundationMichael and Marjorie LoebLone Pine Foundation, Inc.Susie NoddleAnne PollackBrett Rochkind*Marc and Stacey Saiontz TPG Capital, L.P.Sarah Zion and Tushar Shah

$1,000-$2,499Tushar Aggarwal M. Fraz Ahmed Alvarez and Marsal Holdings LLCMatthew T. AnestisMichael BalabanMatthew Barbas Conor Barnes Ken Bartels and Jane CondonGeorge BealRichard K. BendetsonEsther T. BenjaminLisa Berkower and Mitchell RubinJordan A. Bettman Jessica E. Bloomgarden Katherine Boas Laura Bogomolny Calvert Asset Management Co., Inc.Sybille and Peter CampbellMarc Casale

Christine P. Chan*Wymen Chan Alison Cherry The Cornell Family FundStonington Cox*Timothy J. Croak and Kevin Hogan

Christopher Dambrosia*Pooja Dhargalkar Jenna Dreher Steven H. Druckman Joseph Fernandes Jarrod R. Fong Mike and Tracy FreedmanFreelancers UnionRene and Dr. Barry Gordon

Ananda Grant Sarah Greenhill Guidepoint Global, LLCGulsun Gul and Jeff BaumAndrew Gustin Tian He Health Design PlusJerome J. Hershey Amy B. Herskovitz

Kirstin Hill Dylan and Molly HixonAndrew E. HolmCourtney IrwinJill and Ken IscolThe John C. and Katherine M.

Morris FoundationMichael T.M. Jones and Dana

Wallach JonesJanice J. Kim Jin-Young Kim Robert Kopera Ashish K. Lal Addison Lanier III Christopher G. Lanning*Cindy Law Cindy and Bruce LevineScottye D. Lindsey Eric C. Liu Margaret Loeb

Susan McPhersonSamuel Meehan Stephen Meyer Jason and Hyewon MillerJason Morimoto Antonia Scott Ness

Megumi OkaWilliam OrisCarol Ostrow and Michael GraffAmy Pan Monika Parekh Brad and Sue Parish*Marco Persico Pamela and Paul PopeJohannes C. Reuter*

Elliot Ross Elizabeth and Gidon RothsteinMichael Sand Ned Schwartz Brennan Shaffner Douglas ShawBrynn Sherman Scott Shih-yau Shiao Linda and David Sicher

Jason ToddGraves Tompkins*Rachel Tronstein Robert Tsai David L. Waldman Jennifer Wang Josh Warren Brandon F. Warshaw Dede WellesEric Wilmes

I -KI D SUPP RTERSBoston Consulting GroupCredit SuisseKaye Scholer LLPKekst and CompanyLex Mundi Pro Bono Foundation

* Denotes total gift amount including matching gift

Denotes total amount of a multiyear gift

Denotes Social Investment Council member


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Statement oF Financial poSition

ASSETSCash and Cash Equivalents

Unrestricted $2,180,948Temporarily restricted $548,518Permanently restricted $239,335

Unconditional Promises to GiveUnrestricted $311,785Restricted $2,482,872

Other assets $81,085Total Assets $5,844,543

LIABILITIES A D ET ASSETSLiabilities

Fellowship grants payable $1,564,979

Accounts payable and accrued expenses $54,860Total Liabilit ies $1,619,839

Net AssetsUnrestricted $953,979Temporarily restricted $3,031,390Permanently restricted $239,335

Total et Assets $4,224,704Total Liabilities and et Assets $5,844,543

Statement oF activitieS

SUPP RT A D REVE UEContributions $5,366,691Bene t event income $164,815Less: Direct bene t event expenses ($19,051)Donated goods and services $58,000

Interest income $3,161Other income $28,791

Total Support and Revenue $5,602,407

ExPE SESProgram services $2,739,881Supporting services

Management and general $280,898Fundraising $613,612

Total E penses $3,634,391Increase in Net Assets $1,968,016Net Assets, Beginning of Year $2,256,688

et Assets, End of Year $4,224,704

June 30, 2010

32%board

20%FoundationS

26%individualS

21%corporationS

1%earned income

contributionS

More than half of what Echoing Green raised in 2009-2010 camefrom individual contributors.

* Condensed nancial information is based upon audited nancials, a full copy ofwhich is available from Echoing Green at the address listed on the back cover.

This chart is presented on a cash-basis and prepared from unaudited statements.

fiNANciAL summAry


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A Single Drop for Safe Water (Fellowship Class of 2007)

Front Cover: Gardens for Health International (Fellowship Class of 2009),Mercado Global (Fellowship Class of 2004) Credit: Suzanne Becker Bronk

Back Cover: Shining Hope for Communities (Fellowship Class of 2010)


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echoing green 2010 annual report

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