Lions Clubs International Foundation ANNUAL REPORT 2007-2008 Message From The LCIF Chairperson Last year was record setting for LCIF. Through Lions’ generosity, largely in response to Campaign SightFirst II (CSFII), LCIF reached a new record in contributions, allowing the Foundation to increase the number of people served through an increase in grants awarded. Total contributions to LCIF were US$78.46 million, an increase of more than $24 million over the previous year and several million over recent years. LCIF provided 570 grants totaling $40.93 million to address vital humanitarian needs. LCIF was named the number one non-governmental organization worldwide with which to partner, in a study released in July by the Financial Times, in association with the UN Global Compact. This was a year of many celebrations for LCIF. The Foundation marked its 40th anniversary in June with the successful conclusion of CSFII. The global three-year fundraising campaign was a monumental success, and the greatest fundraising victory in LCIF’s history. Lions and donors around the world rallied to surpass the minimum goal of $150 million, raising more than $200 million. These funds will continue and expand SightFirst, Lions’ renowned program to combat preventable blindness. LCIF addresses many other humanitarian needs through programs for youth, disability and health. The Foundation also continues to provide grants for Lions to respond to natural disasters. In addition to funding for immediate relief, the Foundation assists in long-term reconstruction, such as providing $3 million following the China earthquake. After reviewing all of LCIF’s accomplishments, I know you’ll share my pride in what we have accomplished together. Thank you for helping LCIF to change the lives of so many. It is through your continued support that we have achieved so much. Together “We Serve,” Jimmy Ross 2007-2008 LCIF Chairperson “The quality of life you offer is like night and day to see once again. I so appreciate everything you are all doing. Your programs and assistance are desperately needed and so very much appreciated.” Christine, Oregon, USA Lions Clubs International Foundation Executive Committee 2007-2008 Jimmy Ross, Immediate Past International President and Chairperson; Mahendra Amarasuriya, International President, Ex officio; Albert Brandel, First Vice President; Eberhard Wirfs, Second Vice President; Russell Sarver, Vice Chairperson; K.G. Ramakrishna Murthy, Secretary; Yoshitsugu Shigematsu, Treasurer, International Director; Ermanno Bocchini, International Director; Dr. Ashok Mehta, Past International President, LCIF Board Appointee; Asoka de Z. Gunasekera, Past International Director, LCIF Board Appointee LCIF Overview MAJOR CATASTROPHE EMERGENCY 6 disasters/$1.35 million 229 disasters/$1.93 million INTERNATIONAL ASSISTANCE 34 grants/$389,229 CORE 4 47 grants/$3.71 million SIGHTFIRST OTHER 42 projects/$21.14 million 69 grants/$5.89 million STANDARD 143 projects/$6.53 million We’re #1. As the global leader in humanitarian service, We Give 100 Percent. Every dollar donated to Lions Clubs International Foundation helps Lions members LCIF goes directly toward a grant. serve their community and the world community. Named the number one non-governmental organization in the world with We Partner. LCIF works hard to leverage all donations which to partner, LCIF is the official charitable organization of through partnerships with local and international organizations, Lions Clubs International. governments and corporations, stretching each contribution substantially beyond its original value. We Serve. Grants fund large-scale Lions humanitarian projects for sight, youth, disability, health and disaster. In You Gave. In fiscal year 2007-2008, LCIF received fiscal year 2007-2008, LCIF awarded $40.93 million for 570 $78.46 million in donations, including historic support for projects. CSFII. This was an increase of $24 million over the previous year.* Thank you for your support! We Provide. Since LCIF began in 1968, it has awarded 9,000 grants totaling $640 million. *Donations include cash received and pledges. **All funds reported in US$. Lions Clubs International Foundation Annual Report 1 Campaign SightFirst II A Victory for Vision CSFII Accomplishments At the 2008 International Convention, more than 14,000 Lions • More than $203 million raised • Largest gift from a foundation in LCIF history – $7.5 million from The Global Health and Education Foundation, USA • Largest gift from an individual in LCIF history – $3.2 million from Lion Aruna A. Oswal, India • 67 percent of Lions clubs worldwide contributed • 91 donations of $100,000+ and 123 gifts of $25,000+ • More than 3,400 Model clubs gave a minimum of $400 per-member on average from around the world gathered to celebrate raising more than $203 million for LCIF’s SightFirst program. Lions and donors had great reason to celebrate the largest fundraising campaign in the history of the association and Foundation. Funds raised through Campaign SightFirst II (CSFII) will continue and expand Lions’ SightFirst program to address the changing patterns of blindness CSFII was launched at the 2005 Lions Clubs International Convention. CSFII fundraising epitomized Lions’ dedication to the SightFirst program. A majority of Lions clubs from around the world participated in fundraising for the three-year, global campaign, as well as many corporate and government agencies. The funds raised through this effort are an extension of efforts Lions began more than two decades ago. Combined with the first fundraising campaign that launched the SightFirst program in the early 1990s, Lions have now raised more than $346 million for sustainable sight programs around the world. SightFirst Around the World Funds raised through Campaign SightFirst II are already continuing Lions life-changing work. Of the $203 million raised through the campaign, more than $100 million will support programs that control and eliminate the major causes of blindness, such as cataract, trachoma and river blindness. An additional $50 million will fund projects to combat emerging threats to sight, such as low vision, glaucoma and diabetic retinopathy. The remaining $50+ million will fund “Vision for All” by supporting new research initiatives and rehabilitation. 2 Building a Stronger Foundation, Creating a Better World Vision for All Lions Clubs International Foundation Annual Report 3 Landmark Donations Mrs. Aruna A. Oswal, Past District Governor In April 2008, the family of Mrs. Aruna A. Oswal pledged $3.2 million, the largest, single personal donation in the Foundation’s history. Oswal is a member of the Lions Club of Juhu in Mumbai, India and is a Lions past district governor. Global Health and Education Foundation In May, LCIF received a pledge of $7.5 million, the largest donation in its 40-year history. The donation was from Kenneth E. Behring, a U.S. philanthropist, and his foundation, The Global Health and Education Foundation. This gift will support the creation of Operation Global Vision (OGV), a $15 million partnership between LCIF and GHEF. Moorfields Eye Hospital Foundation Trust In March 2008, LCIF received a $4 million donation from Moorfields Eye Hospital Foundation Trust, a UK-based international center for the treatment of eye disease and a leader in vision-care research and training. The funds will directly support the construction and establishment of a new facility for the Korle Bu Eye Hospital in Accra, Ghana. 4 Building a Stronger Foundation, Creating a Better World “Now I can read the newspaper again, and my life is better because I see clearly. Before the surgery, I was unable to do routine household work. I have Lions to thank for the restoration of my eyesight.” Vasant Pandharinath Hawal, a cataract patient from India LCIF’s Unprecedented Opportunity A New Era for SightFirst LCIF is in a position of unprecedented developing long-range plans to guide opportunity. Now, more than ever, Lions the future of SightFirst programs. These worldwide are engaged in the work of LCIF. plans review public eye health programs The unwavering efforts of Lions throughout and recommend strategies for future Lions CSFII have further established the efforts specific to each disease. The SightFirst Advisory Committee is SightFirst program as a leader in the fight against preventable blindness, and In partnership with the World Health solidified LCIF as a prominent global Organization, LCIF awarded $3.75 million foundation. There is a better understanding to launch a childhood blindness program in of the need for the humanitarian service 2002. Funds established 30 need-based that only LCIF and Lions can provide. centers on six continents, which provide preventative, therapeutic and rehabilitative LCIF has provided a wide range of eye care services for 71 million children. humanitarian service to those in need This year LCIF gave an additional for more than 40 years. The SightFirst $879,000 for additional equipment and program is only one aspect of the expansion of the centers. Addressing humanitarian work of the Foundation. childhood blindness remains a key priority LCIF also combats disability, provides of the SightFirst program. disaster relief and supports the health and education of youth. Through LCIF, The first six grants from funds raised Lions develop projects that address the during CSFII have been allocated to immediate and long-term needs of their projects around the world. Through local and global communities. these six grants, Lions will fight trachoma in Ethiopia, provide eye care to the It is indeed an exciting time for LCIF and underserved in Paraguay, address Lions worldwide. The Foundation has not cataract in India, bring vision services to only been very successful in helping Lions people throughout West Africa, give sight serve others, but with expansion comes to children in Eastern Europe and address new opportunities for service. LCIF is uncorrected refractive error (URE) in North dedicating more resources to expand the America. Foundation, and a stronger LCIF that is committed to a core mission has the power to transform all aspects of Lions. Lions Clubs International Foundation Annual Report 5 SightFirst Vision Care Lions’ SightFirst program works in partnership with Lions clubs and organizations around the world to improve eye care and make the dream of a life free of blindness come true for millions of people. SightFirst has saved and restored sight to more than 30 million people through cataract surgeries, vision screenings, trachoma control, river blindness prevention programs and much more. In addition, hundreds of millions of individuals have received improved vision care. Lions have established themselves as world-renowned leaders in blindness prevention. On average, Lions can restore or save an individual from blindness for only $6. Despite Lions’ successes, more work remains. Experts have predicted that if SightFirst efforts come to a halt, the world’s blind population will double from 37 million to 74 million by 2020. SightFirst’s accomplishments since 1990: • Awarded 922 grants in 90 countries for a total of $231 million • Restored sight to 7.5 million people through cataract surgeries • Prevented serious vision loss for 30 million • Distributed 10 million doses of Zithromax® and provided 254,000 trichiasis surgeries to fight trachoma • Provided 114.7 million treatments for river blindness • Built or expanded 308 eye hospitals/clinics/wards • Upgraded 372 eye centers with equipment • Provided management training for 115 facilities • Trained 345,000 eye care specialists • Launched world's first-ever initiative to combat childhood blindness in partnership with the WHO for 30 pediatric eye care centers, impacting the lives of 71 million children 6 Building a Stronger Foundation, Creating a Better World “I’ve received excellent training that I will be able to take back to the people of Rwanda. I will be able to provide eye care where there was none available before. This would not have been possible without the Lions.” Emanuel, a student at the African Institute of Tropical Ophthalmology (IOTA) in Mali River Blindness Halted in Latin American Countries Transmission of the tropical disease onchocerciasis, or river blindness, has been halted in Colombia, marking the first time that the disease has been eliminated as a public health problem on a country-wide basis. LCIF is a member organization of the program to distribute the drug to control and prevent the disease. Lions help distribute Mectizan® and educate the local community on the need for the medication. Together with the Carter Center, Merck, and other regional partners Lions have helped distribute worldwide more than 114 million doses of the medication. Lions World Sight Day 2007 The Lions World Sight Day 2007 international event was held in Colombo, Sri Lanka. Vision screenings were conducted for more than 50,000 residents. Eyeglasses were provided to those in need and 1,500 people received cataract surgeries at the Lions Gift of Sight Hospital and the SightFirst Hospital Hendala. The surgeries were funded by LCIF. Lions also held a seminar on childhood blindness, a public meeting on the importance of preserving and restoring sight, and a walk in support of Campaign SightFirst II. KAP Study LCIF and the National Eye Institute (NEI) released national survey findings in 2008 that showed most adults value their eyesight and are aware of serious eye diseases commonly associated with visual impairment. However, they lack knowledge of how and when to seek timely detection and treatment of those diseases. These findings are from the 2005 Survey of Public Knowledge, Attitudes, and Practices Related to Eye Health and Disease, or KAP Study, funded by LCIF and NEI. The study’s findings reinforce the need to educate the public about common eye diseases, such as glaucoma, diabetic eye disease, and age-related macular degeneration. To raise awareness, LCIF has developed the Lions Eye Health Program, a community-based education program for Lions clubs. Milestone in Trachoma Treatments LCIF reached a major milestone in trachoma treatments in January when LCIF Chairperson Jimmy Ross distributed the 10 millionth dose of Zithromax® (azithromycin) to 16-year-old Messeleche Tilahun. The antibiotic, donated by Pfizer Inc, is a main strategy in the fight against the disease. Messeleche lives in the most trachoma-endemic part of Ethiopia, where an estimated 18 million are at risk. Representatives from The Carter Center, Lions clubs of Ethiopia, Pfizer, government of Ethiopia, and other partner organizations joined the celebration and are a part of the coalition working toward elimination of trachoma in the region by 2012. Lions in Ethiopia have been integral to achieving remarkable results in the country. The 10 millionth dose comes after just 18 months of full scale intervention and points toward meeting the elimination target date. Through SightFirst, LCIF has awarded numerous grants for trachoma control, outreach and training projects in Ethiopia and elsewhere in Africa. Lions Clubs International Foundation Annual Report 7 LCIF Responds Lions Aid China Major Catastrophes More than 68,000 died and 360,000 people were injured when a In June, extensive flooding along the Mississippi River massive 7.4 magnitude earthquake rocked the Sichaun province resulted in major flooding throughout Iowa, USA. More in central China in May 2008. Lions Clubs International Foundation than 40,000 residents were displaced for weeks and and Lions around the world quickly responded, mobilizing more entire towns were destroyed. LCIF provided $60,000 in than $3 million in funding and relief supplies. emergency grants to address immediate needs. LCIF also awarded $100,000 in major catastrophe grants, LCIF committed a major catastrophe grant for $1 million. Lions in which is helping to rebuild two senior citizen centers. Guangdong, Shenzhen, Hong Kong and Macau raised more than $1 million and traveled to the affected areas to deliver relief supplies More than 3,500 people died and millions were left including tents, medicine and food. In addition, Lions assisted with homeless following the November cyclone in reconstruction efforts. Working with the Chinese Red Cross, Lions Bangladesh. LCIF mobilized $224,000 for reconstruction purchased 10 relief vehicles and ambulances. efforts, including the building of two shelters that will double as schools. Central and southern Peru was Three Lions districts and the China Council of Lions Clubs extensively damaged following a massive earthquake in established a committee to oversee immediate and long-term August. LCIF responded with $136,000 in relief funding relief projects. LCIF and Lions from Sweden provided more than and 145 homes are nearly complete. After wildfires 3,000 tents to erect a Lions tent village and provide temporary destroyed significant portions of California, USA, LCIF shelter for relief workers. issued several emergency grants for short and long term reconstruction efforts. In Weicheng, Lions are rebuilding a kindergarten and primary school to benefit 1,500 students. Lions donated more than 800 LCIF also awards emergency grant funding totaling nearly desks and chairs and stationery. Lions from Shenzhen drove three $2 million annually for immediate needs such as food, straight days to erect a school in Longfeng in less than 72 hours. water, clothing and medicine. They are working with the Chinese government to construct a permanent school and dormitory for 360 students. Lions are constructing a Lions Village in PengHua, where the entire community was destroyed. They are helping to rebuild roads, homes, a school and water supply system with the government that will benefit 66 families; where the average income is less than $1 a day. Lions Clubs International is the only official volunteer service club organization in China. LCIF and Lions have experience in disaster relief, having mobilized more than $20 million for the tsunami and Hurricane Katrina as well assisting in long-term reconstruction for numerous other major disasters. 8 Building a Stronger Foundation, Creating a Better World Lions Clubs International Foundation Annual Report 9 Core 4 Grants Focus Areas Serving Those with Disabilities Mahendra Amarasuriya, Lions International President, and Serving people with disabilities is one of the four major focus Jimmy Ross, LCIF Chairperson, joined world leaders at a areas of LCIF’s Core 4 grants, which provide funding for large- Global Policy Summit in October 2007 in China to discuss the scale projects in four major focus areas: sight, disability, health challenges and opportunities for full inclusion of people with and youth. Two examples of LCIF’s commitment to aiding intellectual disabilities. At the summit, LCIF also announced a those with disabilities are partnerships with Habitat for $1 million grant to continue the Opening Eyes partnership Humanity International and Special Olympics Opening Eyes program through October 2009. Program. 1000th House Built through Habitat for Humanity Partnership In June 2008, the 1,000th house was built through LCIF’s partnership with Habitat for Humanity. The home served as a benchmark for the partnership program, which officially began in 2000. LCIF has pledged $12 million to Habitat for Humanity International to build houses for individuals and families living with physical and mental disabilities. Funding from LCIF and Lions members has enabled families in 24 countries worldwide to experience new freedom. Lions are committed to providing for populations in need. Through LCIF grants and the service of Lions from around the world, families have a new sense of hope for the future. Opening Eyes Partnership The Special Olympics-Lions Clubs International Opening Eyes partnership program began in 2001. Since then, LCIF has provided $10 million in funding to expand the program globally. More than 100,000 athletes have been screened and more than 44,000 have received glasses or sports goggles. More than 8,000 Lions have volunteered at the screenings worldwide. 10 Building a Stronger Foundation, Creating a Better World “I automatically apply what I’ve learned through Lions Quest, like not giving in to peer pressure and taking on responsibility for my actions.” Marius, Reinstadt, Germany Lions Quest Continues to Expand Worldwide Lions Quest, a school-based, comprehensive, positive youth development and prevention program, unites the home, school and community. Today, more than 11 million youth have participated and more than 400,000 educators and other adults have been trained to implement the program. Lions Quest cultivates capable and healthy young people of strong character, through social-emotional skills, character education, positive behavior and service-learning education. LCIF provides grants to Lions districts to implement or expand the program in area schools. LCIF has expanded its successful partnership with the U.S. State Department, receiving a second five-year contract in excess of $1 million for implementing Lions Quest in Central and Eastern Europe. LCIF also expanded its partnership with the Organization of American States (OAS) for additional Lions Quest prevention work in Latin America. Lions Quest Major Accomplishments in 2008: • Expanded to 50 countries by adding programs in Austria, Bangladesh and Mexico. • Received recognition from the California Department of Education and California Healthy Kids Resource Center. • Conducted service learning workshops with Rutgers University's Social and Emotional Learning Laboratory and their Developing Safe and Civil Schools (DSACS) Initiative, designed to build local educational resources for improving Social and Emotional Learning conditions in participating school districts. • Joined Community Anti-Drug Coalitions of America (CADCA) to enhance local community coalition building around helping youth resist alcohol and other drugs. Lions Clubs International Foundation Annual Report 11 Grants International Assistance Grants (IAG) Standard Grants are approved for large-scale provide matching funds from $5,000 to $30,000 for project humanitarian projects and are the most common type partnerships between Lions clubs in a developed country and of grant awarded. LCIF provides matching funds of up Lions clubs in a developing country. IAGs support basic health care; to $75,000 to expand or initiate Lions’ humanitarian education and literacy; clean water and sanitation; rural development projects. Standard grants have funded projects for and self-sufficiency programs; services for the blind and disabled; mobile health units; hospices; nursing homes; medical and environmental protection projects. Grants are also awarded for and eye clinics; street children's homes; centers for the Lions’ international missions and support Lions’ eyeglass recycling blind and disabled; and schools in developing countries. center efforts. Uruguay Japan A grant for $50,000 purchased a CAT Scan for Artigas A grant for $30,000 supported Japanese Lions 34th medical mission Hospital, located in one of the most remote cities in to the Philippines. Lions from District 334-E, Japan, traveled to Uruguay. The CAT Scan will strengthen healthcare Manila to conduct medical screenings with the help of Lions from services in the region, and it will aid more than 1,000 District 301-D2, Philippines. More than 10,000 people benefitted people benefit annually. from the mission. New Zealand Republic of Korea With a grant for $50,000, Lions of District 202-J, The Kota Kinabalu Host Lions Club in District 308-A2, Malaysia, New Zealand constructed and equipped a family partnered with District 354-D, Korea, and the Seoul Hanam Lions guest house for cancer patients from the region. Club to bring running water and an improved quality of life to the Approximately 1,000 patients and their families will people of two rural villages. LCIF matched the Lions’ contributions use the new Lions apartment each year. with a $20,000 grant. Kentucky, USA A $20,190 grant from LCIF renovated bathroom facilities at Camp Crescendo. The camp, which serves children of all ages with disabilities, serves approximately 2,500 people annually. 12 Building a Stronger Foundation, Creating a Better World “As a fellow Lion, I want to tell you how proud I am of your success. This has been one of the most gratifying partnerships of my life.” Former U.S. President and Nobel Laureate Jimmy Carter speaking of Lions and LCIF’s SightFirst program Partners/Donors LCIF would like to express its gratitude to the following partners that helped to further Lions’ humanitarian mission and leverage its resources. These partners also helped propel LCIF to be named the number one non-governmental organization worldwide to partner with, according to the Financial Times independent survey. Partners share a dedication to improving the lives of individuals in need around the world. Alcon Allergan, Inc The Carter Center Community Anti-Drug Coalitions of America The Conrad N. Hilton Foundation Eil Lilly & Co. Essilor of America The Global Health & Education Foundation Habitat for Humanity International Johnson & Johnson Asia & Corp. LensCrafters Merck & Co, Inc. Moorfields Eye Hospital Foundation Trust National Eye Institute Organization of American States Inter-American Drug Abuse Control Commission Pfizer Inc. Rexton, Inc. Special Olympics International United States Agency for International Development U.S. State Department Women’s Eye Health World Health Organization Top 25 Districts with the Largest Percentage Increase in Donations District Country %Increase H-3 Peru 8802 LC-4 Brazil 5458 315-B4 Bangladesh 4762 121 Poland 3383 305-N1 Pakistan 1714 LD-6 Brazil 1668 LB-1 Brazil 1637 S-2 Bolivia 1428 S-1 Bolivia 1403 D-4 Costa Rica 1364 107-F Finland 1351 B-8 Mexico 1307 315-B2 Bangladesh 1260 300-F MD 300, Taiwan 1197 LD-2 Brazil 1046 R-3 Dominican Republic 973 124 Romania 968 321-C1 India 948 T-4 Chile 918 323-G2 India 903 103-CC France 834 51-C Puerto Rico 823 B-2 Mexico 702 308-B2 Malaysia 689 324-D2 India 679 Top 25 Contributing Districts in 2007-2008 District Country 334-A Japan 330-A Japan 335-B Japan 336-A Japan 337-A Japan 354-D Rep. of Korea 335-C Japan 330-B Japan 336-C Japan 333-A Japan 333-C Japan 336-B Japan 336-D Japan 331-A Japan 334-B Japan 111-BS Germany 354-B Rep. of Korea 334-D Japan 337-C Japan 334-C Japan 337-D Japan 330-C Japan 355-D Rep. of Korea 355-A Rep. of Korea 108-IB1 Italy Donations (US$) 1,603,306 1,220,567 975,991 936,527 931,911 841,597 771,906 730,228 689,817 665,238 650,688 618,308 606,043 546,792 539,079 536,320 517,232 511,610 502,332 492,268 482,235 466,938 465,930 462,554 437,531 Lions Clubs International Foundation Annual Report 13 Supporting LCIF Perform Miracles The Melvin Jones Fellowship Program was established in 1973 in honor of Melvin Jones, the founder of Lions Clubs International. Melvin Jones Fellowships (MJF) are given to individuals in recognition of unrestricted donations of $1,000 to LCIF. Such contribution illustrates a significant commitment to humanitarian service and allows LCIF to perform miracles through service. For each additional $1,000 donation, MJF Progressive status is accrued. There are 100 levels of the progressive program. When every member in the Lions club becomes a Melvin Jones Fellow, within a fiscal year, the club becomes a 100 percent MJF Club. Melvin Jones Fellows in 2007-2008: 22,994 Total Melvin Jones Fellows: 284,875 Progressive Melvin Jones Fellows in 2007-2008: 10,079 Total Progressive Melvin Jones Fellows: 51,045 Total 100 percent Melvin Jones Fellow Clubs: 216 There are many additional ways to support LCIF. The LCIF Cruise with the Chairperson is an annual cruise to benefit the Foundation. For the last 10 years Lions from the around the world have joined the LCIF Chairperson on an exciting cruise. The Contributing Membership program is an annual program that recognizes three levels of initial support: $20, $50 and $100. For each level, there is a different annual pin. Lions who make a planned gift of any size or type are eligible to join the Lions Legacy Program. The planned giving society was established by LCIF to acknowledge those who make bequest or lifetime gifts. Through the Matching Gifts program, Lions have their gift matched by their employer, greatly increasing a donation’s value. U.S. government employees can make donations to LCIF with automatic payroll deduction through the Combined Federal Campaign. Shoppers can contribute to LCIF with each online purchase at GiveBackAmerica.org For information on supporting LCIF’s efforts worldwide, please visit www.lcif.org or telephone 630-571-5466. Credit card donations can be made online at www.lcif.org/donate. 14 Building a Stronger Foundation, Creating a Better World Lions Clubs International Foundation STATEMENT OF ACTIVITIES Year ended June 30, 2008 Unrestricted Temporarily restricted Permanently restricted Total Revenue, gains and other support Contributions General Campaign Sight First II Charitable gift annuity, net Lions-Quest, net Investment return Net gain on currency exchange Net assets released from restrictions Total revenue, gains and other support $ 2,970,782 – – 789,372 (18,992,486) 250,737 29,519,264 14,537,669 $ 3,242,337 72,253,231 (3,796) – – – (29,519,264) 45,972,508 $ – – – – – – – $ 6,213,119 72,253,231 (3,796) 789,372 (18,992,486) 250,737 – – 60,510,177 Expenses and losses Program-related expenses Grants SightFirst, net of grants adjustments of $1,258,965 and discount adjustment of $413,611 Standard, net of grants adjustments of $160,941 Core 4, net of grants adjustments of $74,061 and discount of $35,710 Emergency, net of grants adjustments of $134,524 International assistance, net of grants adjustments of $13,592 Designated, net of grants adjustments of $20,783 Major catastrophe Humanitarian Seed Program services SightFirst Lions-Quest Other 23,218,016 23,218,016 6,371,771 3,595,653 – – 6,371,771 3,595,653 1,790,476 – – 1,790,476 375,637 5,636,756 1,350,000 200,000 29,840 – – – – – – – – – – 375,637 5,636,756 1,350,000 200,000 29,840 2,440,431 1,247,966 656,896 – – – – – – 2,440,431 1,247,966 656,896 46,913,442 – – 46,913,442 4,472,462 8,403,932 – – – – 4,472,462 8,403,932 Total non-program-related expenses 12,876,394 – – 12,876,394 Total expenses and losses 59,789,836 – – 59,789,836 CHANGE IN NET ASSETS (45,252,167) 45,972,508 – 720,341 Net assets at beginning of year 215,042,603 70,881,847 1,643,442 287,567,892 $169,790,436 $116,854,355 $1,643,442 $288,288,233 Total program-related expenses Non-program-related expenses Administrative Development Net assets at end of year Lions Clubs International Foundation Annual Report 15 Lions Clubs International Foundation Lions Clubs International Foundation STATEMENTS OF FINANCIAL POSITION STATEMENTS OF CASH FLOW Years ended June 30, 2008 June 30, 2008 2008 ASSETS 2008 2007 Cash and cash equivalents Accounts receivable Pledges receivable, net Due from non-United States Lions Clubs districts Due from The International Association of Lions Clubs Accrued interest receivable Inventory, net of reserve of $239,345 in 2008 and $388,048 in 2007 Investments Property and equipment, net Goodwill Other assets $ 28,011,123 154,075 16,807,697 $ 12,977,052 263,937 5,027,711 2,970,493 1,042,997 2,095,710 1,787,645 3,392,528 1,206,788 922,533 288,331,359 1,873,061 943,839 467,513 922,477 308,497,467 2,756,188 982,755 494,214 TOTAL ASSETS $344,435,048 $337,564,114 LIABILITIES AND NET ASSETS Accounts payable Accrued expenses Grants payable, net Charitable gift annuities Total liabilities Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets TOTAL LIABILITIES AND NET ASSETS 16 $ 608,142 20,910 55,198,569 319,194 56,146,815 $ 14,972 49,730,943 250,307 49,996,222 169,970,436 116,854,355 1,643,442 215,042,603 70,881,847 1,643,442 288,288,233 287,567,892 $344,435,048 $337,564,114 Building a Stronger Foundation, Creating a Better World Cash flows from operating activities Change in net assests $ 720,341 Adjustments to reconcile change in net assets to net cash provided by operating activities Depreciation and amortization 951,344 Net realized and unrealized (gains) losses on investments 35,354,314 Changes in operating assets and liabilities Accounts receivable 109,862 Net pledges receivable Interest receivable (580,857) Due from United-States Lions Clubs districts (1,927,496) Inventroy (70,056) Accounts payable and accrued expenses 614,081 Grants payable 5,467,626 Charitable gift annuities 68,887 Due to/from The International Association of Lions Clubs 1,296,818 Net cash provided by operating activities 2007 $ 49,740,293 1,016,823 (36,481,742) 5,081 (101,164) (644,388) (325,697) (12,825) 1,265,799 18,294 (2,056,063) 30,224,878 9,973,606 Cash flows from investing activities Change in investment cash (15,188,207) (6,541,507) Net purchases of property, plant and equipment (2,600) (41,882) (15,190,807) (6,583,389) 15,034,071 3,390,217 12,977,052 9,586,835 $28,011,123 $ 12,977,052 Net cash used in investing activities Increase in cash and cash equivalents Cash and cash equivalents at begining of year Cash and cash equivalents at end of year “Building a Stronger Foundation, Creating a Better WORLD.” LIONS CLUBS INTERNATIONAL FOUNDATION 300 W. 22nd Street Oak Brook, Illinois 60523-8842 USA 630.571.5466 www.lcif.org Editors: Nicole Brown & Alecia Dimar Design: Lisa Smith Photography: Daniel S. Morris, LCIF Staff
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