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Empowering Young People

EMpower2013 Annual Update

our mission EMpower supports local organizations in emerging market countries that provide at-risk youth with the tools and resources they need to lead healthy, productive lives.

our vision We believe that young people are a critical resource for every country. Our strategic investments in locally-led organizations unlock the potential of young people to change their lives and world.

2013: Where we are today

SOME RECENT YEARLY RESULTS: 3,035 youth were able to stay in or complete

secondary school.

2,090 youth received 21st century skills, such as

computer and international languages.

4,260 youth increased their “social capital,”

providing a safety net of friends or adult mentors.

8,495 youth learned how to protect their health,

including how to prevent pregnancy and HIV.

2,845 youths’ prospects for employment

increased due to improved skills and links to the

job market.

350 youth received support and training to launch

micro-businesses.

IN FY13:

• $2,029,500 awarded• 61 grants• 11 new grantee partners• 50 renewal grants• Mean annual grant size: $28,000

To Date: 128,000+ youth directly impacted; 540,000+ lives “touched”

We strategically focus on at-risk young people in emerging market countries to close opportunity gaps.

TOTAL AMOUNT AWARDED

2001 2006 2011 2013

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

EMPOWER GRANTMAKING OVER TIME

$47,500(5 grants)

$644,440(24 grants)

$1,887,800(58 grants)

$2,029,500 (61 grants)

TO DATE:

• 411 grants• $12,930,000

WHY INVESTING IN YOUTH MAKES SENSE:Strong social networks prevent school

drop-out, chronic absenteeism, drug and

alcohol abuse and “risky” behavior.

Over 70% of all preventable deaths globally

result from health-related patterns and

behaviors that began during adolescence.

1 extra year of schooling boosts girls’

eventual wages by 10-20% and boys by

5-15%.

40% of the world’s unemployed are under 25

= 75 million.

Organization Name Country

Africa

Challenging Heights Ghana

Network of Women in Growth (NEWIG) Ghana

Northern Sector Action on Awareness Centre (NORSAAC) Ghana

Savana Signatures Ghana

Education as a Vaccine (EVA) Nigeria

Girls Power Initiative Nigeria

Kudirat Initiative for Democracy Nigeria

Linking Youth through Exchange Nigeria (LYNX) Nigeria

Amandla EduFootball South Africa

Equal Education South Africa

Etafeni Trust South Africa

Future of the African Daughter (FOTAD) South Africa

Ikamva Youth South Africa

Mamelani Projects South Africa

United Through Sport (Umzingisi Foundation) South Africa

Wilderness Foundation South Africa

Asia

A Bridge for Children International China

Qichuang Social Work Service Center China

Yunnan Youth Development Center China

Roots of Health (Ugat ng Kalusugan) Philippines

Zone One Tondo (ZOTO) Philippines

Action Center for City Development (Action for the City) Vietnam

Blue Dragon Childrens Foundation Vietnam

Know One, Teach One (KOTO) Vietnam

India

Aangan Trust India

Azad Foundation India

Chintan Environmental Research and Action Group India

CREA India

Ibtada India

Grants Approved in FY 2013

Organization Name Country

IndiaJabala Action Research Organisation India

Lend a Hand India India

Navsarjan Trust / Dalit Shakti Kendra India

Nishtha India

Parivaar Education Society India

VACHA Trust India

Vidhayak Sansad India

Latin America

Fundación Cruzada Argentina (FCA) Argentina

Fundacion Nordelta Argentina

Associacao de Apoio as Meninas E Meninos da Regiao Se (AA Crianca or AAC)

Brazil

Luta Pela Paz Brazil

Projeto Uere Brazil

CEDECUR Centro de Educacion e Investigacion para el Desarrollo Comunitario Urbano y Rural

Colombia

Fundación Formación d’ Futuros (FFF) Colombia

Fundacion Tiempo de Juego (TJ) Colombia

El Hombre Sobre La Tierra (HST) Mexico

Puente a la Salud Comunitaria Mexico

Asociacion Aurora Vivar (AAV) Peru

Asociacion Kallpa Peru

Centro Yanapanakusun (Yana) Peru

Russia and Turkey

Bolshaya Peremena (Big Change) Russia

Community to Children Russia

Galaxy Fund Russia

Love's Bridge/Zashita Russia

Upsala Circus Russia

Hisar Anadolu Support Society (HADD) Turkey

Grantmaking breakdown by region and portfolio

EMpower 2013

Funding breakdown by sources and uses

Latin America37% Africa

22%

Asia28%

Russia & Turkey 13%

Individual 65%

Corporate14%

Private Foundation 5%

Program 87%

Fundraising 8%

Management 5%

FY 2013 and FY 2012 Financial Statements

CorporateFoundation

16%

Health andWell-being

33%

Leadership and Community

Engagement 22%

Education20%

Livelihoods25%

India22%

S/SE Asia13% Latin America

28%

Africa30%

Russia& Turkey 7%

Leadership and Community

Engagement 22%

Health and Well-being

23%

Education27%

Livelihoods28%

Statement of Financial Position as of 30 June 2013EMpower US EMpower UK EMpower HK Total FY 2013* Total FY 2012*

AssetsCash and Cash Equivalents 1,785,943 1,133,248 107,882 3,027,073 2,619,261

Accounts Receivable 109,341 360,355 14,846 375,201 236,577Unconditional Promises to Give: Unrestricted

Restricted to Future Programs/Periods 85,978116,287

--

--

85,978116,287

93,8251,241,892

PrePaid Expenses 19,015 112,332 4,418 135,765 50,713Property, equipment and website, at cost, net of accumulated depreciation and amorts

25,149 - - 25,149 12,308

Security Deposit 30,720 - - 30,720 7,095

Total Assets 2,172,433 1,605,936 127,146 3,796,174 4,261,671

Liabilities and Net Assets

Accounts Payable and Accrued Expenses 48,550 71,193 8,814 128,557 172,849

Amounts due to related companies - 109,007 4,984 4,984 39,703

Grants Payable 638,000 413,500 101,000 1,152,500 934,500

Total Liabilities 686,550 593,700 114,798 1,286,041 1,147,052

CommitmentsNet Assets: Unrestricted

Temporarily Restricted516,563969,320

1,012,236-

12,348-

1,541,147 969,320

1,652,224 1,462,395

Total Net Assets 1,485,883 1,012,236 12,348 2,510,467 3,114,619

Total Liabilities and Net Assets 2,172,433 1,605,936 127,146 3,796,508 4,261,671

Statement of Activities Year Ended 30 June 2013EMpower US EMpower UK EMpower HK Total FY 2013* Total FY 2012*

Changes in Unrestricted Net AssetsSupport and Revenue

Contributions 450,664 1,601,242 418,729 2,470,635 2,172,222

Event Income 263,950 521,974 - 785,924 832,422

Less: Direct Event Expenses (115,619) - - (115,619) (96,947)

Donated Services 44,190 - - 44,190 11,126

Grant Administrative Fee 734,603 - - - - Interest 4,959 1,099 2 6,060 1,580 Net Assets Released from Restrictions 521,075 - - 521,075 365,998

Total Unrestricted Support and Revenue 1,903,822 2,124,315 418,731 3,712,265 3,286,401

Expenses Program Services 1,662,899 1,982,792 373,632 3,284,720 2,893,935 Supporting Services: Management and General

Fundraising170,893 133,466

66,528 108,703

8,141 50,891

245,562 293,060

206,192 197,162

Total Expenses 1,967,258 2,158,023 432,664 3,823,342 3,297,289

Increase (Decrease) in Unrestricted Net Assets (63,436) (33,708) (13,933) (111,077) (10,888)

Changes in Temporarily Restricted Assets Contributions 28,000 - - 28,000 328,394 Net Assets Released from Restrictions (521,075) - - (521,075) (365,998)

Decrease in Temporarily Restricted Net Assets (493,075) - - (493,075) (37,604)

Increase (Decrease) in Net Assets (556,511) (33,708) (13,933) (604,152) (48,492)Net Assets, Beginning of Year 2,042,394 1,045,944 26,281 3,114,619 3,163,111

Net Assets, End of Year 1,485,883 1,012,236 12,348 2,510,467 3,114,619

*These financial statements include inter-company eliminations and are done in the aggregate for ease of presentation. There is no control between the entities and should not be consolidated.

(all figures in US$)

Underwriters Board

Staff

United States

John Carlson, FidelityTom Cooper & George Estes, GMONick Cournoyer, MontpelierCredit Suisse EM GroupJames Donald, Lazard Asset ManagementKeith Gardner, WAMCOTPCG Valores

United Kingdom

Avantium Investment ManagementKasper Bartholdy, Credit SuisseJonathan BaylissBlack River (UK)Citi EM GroupCredit Suisse EM LondonDeutsche Bank EM GroupFinisterre CapitalSam FinkelsteinJP Morgan – EM GroupDevan Kaloo, Aberdeen Asset ManagementLiquidity Finance LLPChris MilnerSpinnaker CapitalHelene Williamson, First State Investments

Hong Kong CQS Asset ManagementRayson Chung, JP MorganBenjamin Falloon, Morgan StanleyMaddy Foo, BTG PactualBen HallNeil Harvey, Credit SuissePatrik Sandin and Aasha Pai

United States

Banu Basar, BAMLAndres Borrego, Credit SuisseMarta Cabrera, EMpowerJohn Carlson, FidelityJames Donald, Lazard Asset ManagementGeorge Estes, Grantham, Mayo, Van Otterloo & Co.Moctar Fall, Private InvestorBeth Fredrick, Johns Hopkins Bloomberg School of Public HealthMichael Hirschhorn, International Human Rights Funders GroupRupert Hope, Private InvestorKathleen Kinsella, Royal Bank of ScotlandRobert Kushen, Open Society InstituteRobert von Rekowsky, FidelityJaime Robles Gil, CitiMatthew Ryan, MFS Investment ManagementMichael Seltzer, Philanthropic AdvisorJed Weiss, Fidelity

United Kingdom

Marc Balston, Deutsche BankJonathan BaylissRafael Biosse Duplan, Finisterre CapitalMarta Cabrera, EMpowerEric Dannheim, Moore CapitalKhadijah Fancy, Philanthropic AdvisorAngella HeathJeremy Llewelyn, Black RiverChris MilnerMaurice Nadjar, Barclays CapitalParvoleta ShterevaOzan Tarman, Deutsche BankBrad Wickens, Spinnaker CapitalGareth Williams, NomuraHelene Williamson, First State InvestmentsPaco Ybarra, CitiKarim Zahmoul, Barclays CapitalVincenzo Zinni

Hong Kong

Paul Angwin, People and PlanetMarta Cabrera, EMpowerStephen Chang, JP MorganBenjamin Falloon, Morgan StanleyMaddy Foo, BTG PactualBen HallNeil Harvey, Credit SuisseAasha PaiBrian Pohli, CQS Asset ManagementVishal Tourani, Central Asset Investments

United States

Marta Cabrera, PresidentCynthia Steele, Executive Vice PresidentJasmine Charbonier, Operations AssistantNisha Dhawan, Program Officer for IndiaLydia Holden, Communications Lead, Grassroots Girls InitiativeDenis Koljenovic, ControllerCaitlin Mitchell, Program AssociateCarmen Morcos, Senior Program Officer for Latin AmericaLee Takakjian, Marketing & Communications Director

United Kingdom

Theodoros Chronopoulos, Senior Program Officer for AfricaLucie Kucharova, Operations Manager, EMpower UK

Hong Kong

Elise Lee, Asia Regional Officer, EMpower HKCeline Lai, Hong Kong Operations Assistant

As of February 2014

EMpower – The Emerging Markets Foundation

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Cover photo: EMpower grantee partner, Education as a Vaccine (EVA), Nigeria