2015ANNUAL REVIEW

CREATING CHANGE TOGETHER

MEXICOCOLOMBIAPERUBRAZILARGENTINA

GHANANIGERIAS. AFRICA

CHINAVIETNAMPHILIPPINESINDONESIA

TURKEY

INDIA

RUSSIAIstanbul

Delhi

NEW YORK

LONDON

HONG KONG

GLOBALLYOUR 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.

CHANGE YOU CAN SEE

EMPOWER OFFICES:

NEW YORK

LONDON

HONG KONG

IN-COUNTRY PROGRAM OFFICER:

ISTANBUL

DELHI

PROGRAM AREAS:

LATIN AMERICA

AFRICA

TURKEY & RUSSIA

ASIA

WHAT DOESCHANGELOOK LIKE?

149,000+lives were touched

28% increase in one year

10,849youth increased life skills such as critical thinking,

problem-solving, teamwork

9,650youth built ‘social capital’ – a support network of peers or adult mentors

22,732youth increased their

knowledge and capacity to protect their health

YOUNG PEOPLE AS CHANGEMAKERSThere are more young people today than ever before. Nearly 90% of the world’s population under age 30 live in emerging market countries.

Adolescence and the transition to adulthood is a particularly critical period that can determine a young person’s future. It is at this juncture, with those young people who are most “at-risk,” that EMpower believes we can make a difference.

Our work focuses on the key areas essential to youth development:

Education LivelihoodsHealth and Well-being

15,271youth progressed in secondary school

70% increase in one year

55,000young people directly impacted 13,821

youth strengthened their self-confidence

3,539youth improved their prospects for employment, many by acquiring vocational or business skills

CHANGE THRIVES THROUGH PARTNERSHIP AND COLLABORATIONShattering Stereotypes: Nontraditional Job Paths for Young Women

EMpower brought together experts from nine community-based organizations in six countries, mostly grantee partners, for an EMpower Learning Exchange in New York City. For four days, they worked collaboratively to share knowledge and problem-solve on universal challenges that women face when seeking opportunities for better income, job-security and decision-making power in jobs and sectors traditionally seen as “male-only.”

With and For Girls

EMpower was a founding partner of this Collective, that included Stars Foundation, Malala Fund, Global Fund for Children, Nike Foundation, NoVo Foundation, Plan UK and Mama Cash. The Collective designed a new award to find, fund and increase the visibility and reach of girl-centered organizations world-wide. $1 million was awarded to 20 grassroots organizations in 2015, with the same amount committed for 2016. Importantly, girls are a central part of the awards decision-making, including girls from EMpower’s Adolescent Girls Learning Community in Mumbai.

The Adolescent Girls Learning Community in Mumbai

The Adolescent Girls Learning Community in Mumbai, initiated by EMpower and led by grantee partner Vacha Trust, was begun in 2012, and is now a vibrant, strong community of young women and girls from 8 organizations.

Now entering its fourth year, the Community has just published its Impact Report that compiles data from 2012-14 quantifying impact on the lives of girls, mentors within member organizations, and their local communities. The Learning Community has directly reached over 1,700 people, and influenced 22,104 more.

EMpower has developed a curated collection of the best available Youth Development Tools & Resources, including several by EMpower.

www.empowerweb.org

EMpower Grantee Partners Report Progress• Improvements in their program quality

and ability to assess effectiveness

• Development of their own fundraising and communications capabilities

• Scaling up of programs to reach more youth

• Partnerships with local government and others to replicate successful program models

• Significant national and international recognitions

50%of EMpower’s current grantee partnerships have lasted 5 years +

Investing in local organizations as true partners over time creates SUSTAINED CHANGE

FY2015 A YEAR OF GROWTH

IN FY2015

84 GRANTS

$3,403,250 AWARDED

20NEW GRANTEE PARTNERS

$40,500 MEAN ANNUAL GRANT SIZE

IN FY2014

72 GRANTS

$2,376,000AWARDED

13NEW GRANTEE PARTNERS

$33,000MEAN ANNUAL GRANT SIZE

MORE MULTI-YEAR GRANTSLonger commitments of financial resources enable stable, longer-term planning and growth

RAMPING UP CAPACITY-BUILDING WORKSupporting our grantee partners’ organizational development side-by-side

SPARKING INNOVATIONSmall “Spark and Ignite” grants awarded to current grantee partners enable them to pilot new approaches

43% INCREASE IN US DOLLARS AWARDED IN 2015

GRANTEE PARTNERS WITH ACTIVE GRANTS FY2015

Latin America

Acción y Desarrollo (AyD) Peru 4

Alternativa Centro de Investigación Social y Educación Popular Peru 4

Asociación Aurora Vivar (AAV) Peru 4

Asociación Kallpa para la Salud y el Desarrollo Integral (Asociación Kallpa) Peru 4

Associação ChildrensAid (Onda Solidaria) Brazil 4

Associação de Apoio as Meninas E Meninos da Regiao Se (AA Crianca or AAC) Brazil 4

Associação Luta Pela Paz Brazil 4

Centro de Educación e Investigación para el Desarrollo Comunitario Urbano y Rural (CEDECUR) Colombia 4

Centro de Promoción y Defensa de los Derechos Sexuales y Reproductivos (PROMSEX) Peru 4

Centro Mujeres AC Mexico 4

Centro para los Derechos de la Mujer Nääxwiin A.C. Mexico 4

Centro Yanapanakusun (Yana) Peru 4

Corporación para la atención integral de la Niñez (Corpolatin) Colombia 4

El Hombre Sobre La Tierra (HST) Mexico 4

Fundación Artística y Social La Familia Ayara Colombia 4

Fundación Cruzada Argentina (FCA) Argentina 4

Fundación Cruzada Patagónica (FCP) Argentina 4

Fundación Defensores del Chaco (Defensores) Argentina 4

Fundación Nordelta Argentina 4

Fundación Tiempo de Juego (TJ) Colombia 4

Fútbol con Corazón (FCC) Colombia 4

Puente a la Salud Comunitaria Mexico 4

Solidaridad Internacional Kanda, A.C. (SiKanda) Mexico 4

Africa

Afrikids Ghana Ghana 4

Amandla EduFootball South Africa 4

Challenging Heights Ghana 4

Education as a Vaccine Against AIDS (EVA) Nigeria 4

Equal Education South Africa 4

Etafeni Day Care Trust South Africa 4

Girls Power Initiative Nigeria 4

Ikamva Lisezandleni Zethu (Ikamva Youth) South Africa 4

Mamelani Projects South Africa 4

Network of Women in Growth (NEWIG) Ghana 4

NORSAAC Ghana 4

REALISTIC South Africa 4

Songtaba - Women's Rights Coalition Ghana 4

SOZO Foundation Trust South Africa 4

The Isiqalo Foundation (Isiqalo – Waves for Change (W4C)) South Africa 4

United Through Sport (Umzingisi Foundation) South Africa 4

Urban Agriculture Network Ghana 4

Wilderness Foundation South Africa 4

Turkey & Russia

Alternative Life Association (AYDER) Turkey 4

Gelecek Daha Net (GDN) (The Future is Brighter) Turkey 4

Hisar Anadolu Support Society (HADD) Turkey 4

Husnu M. Ozyegin Foundation (HMOV) Turkey 4

Tarlabasi Toplum Merkezi (TTM) Turkey 4

Autonomous Non-Commercial Organization for Social and Cultural Services (Upsala Circus) Russia 4

Big Brothers Big Sisters of Russia Russia 4

Bolshaya Peremena (Big Change) Russia 4

Charity Fund of Social Projects Galaxy (Galaxy Fund) Russia 4

Doctors to Children Russia 4

Community to Children Russia 4

India

Aangan Trust India 4

Akshara (Front for Rapid Economic Advancement-India (FREA-India)) India 4

Azad Foundation India 4

Chintan Environmental Research and Action Group India 4

Committee of Resource Organisation for Mass Programme of Functional Literacy (CORO) India 4

Creating Resources for Empowerment in Action (CREA) India 4

Feminist Approach to Technology Society (FAT) India 4

Ibtada India 4

Jabala Action Research Organisation India 4

Jan Sahas Social Development Society India 4

Lend a Hand India India 4

Medha Corp. India 4

Navsarjan Trust / Dalit Shakti Kendra India 4

Nishtha India 4

Parivaar Education Society India 4

Saath Charitable Trust India 4

Schools and Teachers Innovating for Results (STIR) (Ark UK is fiscal agent) India 4

Swechha We For Change Foundation (Swechha) India 4

Vacha Charitable Trust India 4

Vidhayak Sansad India 4

East/Southeast Asia

Action Center for City Development (Action for the City) Vietnam 4

Blue Dragon Children’s Foundation Vietnam 4

Know One, Teach One (KOTO) Vietnam 4

Lighthouse China 4

Pacific Links Foundation Vietnam 4

Pamflet (Perkumpulan Pamflet Generasi) Indonesia 4

Qi Chuang Social Work Service Center China 4

ROLE Foundation Indonesia 4

Roots of Health (Ugat ng Kalusugan) Philippines 4

VANGO (Vietnamese American Non-Governmental Organization Network) Vietnam 4

Vibrant Communities (formerly Included) China 4

Yayasan Ekoturisme Indonesia (East Bali Poverty Project) Indonesia 4

Yayasan Kusuma Buana (YKB) Indonesia 4

Yayasan Pembinaan Anak dan Remaja Indonesia (YAPARI) Indonesia 4

Yunnan Youth Development Center China 4

Zone One Tondo (ZOTO) Philippines 4

Organization Name Country Organization Name CountryEducation LivelihoodsHealth and Well-being

Education LivelihoodsHealth and Well-being

FY2015 FINANCIAL STATEMENTSFY2015 FINANCIAL HIGHLIGHTSStatement of Financial Position as of 30 June 2015

US UK HK Total FY 2015* Total FY 2014* AssetsCash and Cash Equivalents 1,133,550 1,972,322 640,639 3,746,511 4,034,448 Accounts Receivable - 52,522 5,349 57,871 1,212,503 Unconditional Promises to Give 412,416 - - 412,416 -Amount due to/from affiliated companies 16,772 - 252,431 269,203 290,652 PrePaid Expenses 10,948 32,237 - 43,185 71,328 Property, equipment and website, at cost, net of accumulated depreciation and amortization 17,169 - - 17,169 18,743

Security Deposit 30,445 - - 30,445 30,445 Total Assets 1,621,300 2,057,081 898,419 4,576,800 5,658,119 Liabilities and Net AssetsAccounts Payable and Accrued Expenses 82,580 30,330 13,354 126,264 240,228 Amounts due to related companies 19,330 - - 19,330 44,245 Grants Payable 474,500 755,950 232,000 1,462,450 1,340,167 Deferred Income 30,000 - - 30,000 Total Liabilities 606,410 786,280 245,354 1,638,044 1,624,640 Net AssetsUnrestricted 370,334 1,270,801 653,065 2,294,200 2,834,839 Temporarily Restricted 644,556 644,556 1,198,640 Total Net Assets 1,014,890 1,270,801 653,065 2,938,756 4,033,479 Total Liabilities and Net Assets 1,621,300 2,057,081 898,419 4,576,800 5,658,119

Statement of Activities Year Ended 30 June 2015US UK HK Total FY 2015* Total FY 2014*

Changes in Unrestricted Net Assets Support and RevenueContributions 443,700 1,809,760 1,107,718 3,361,178 4,066,638 Event Income 549,900 779,616 - 1,329,516 1,099,893 Less: Direct Event Expenses (164,324) - - (164,324) (195,698)Donated Services 26,047 - - 26,047 36,190 Grant Administrative Fee 544,846 - - - -Interest & Misc. Income 10,848 798 11 11,657 2,943 Net Assets Released from Restrictions 700,100 - - 700,100 678,118 Total Unrestricted Support and Revenue 2,111,117 2,590,174 1,107,729 5,264,174 5,688,084 ExpensesProgram Services 1,874,333 2,458,167 974,623 4,804,384 3,682,307 Supporting Services Management and General 273,009 193,692 43,345 458,519 337,869 Fundraising 170,425 277,798 84,309 541,952 374,215 Total Expenses 2,317,767 2,929,657 1,102,277 5,804,855 4,394,392 Increase (Decrease) in Unrestricted Net Assets (206,650) (339,483) 5,452 (540,681) 1,293,692 Changes in Temporarily Restricted AssetsContributions 146,016 - - 146,016 907,438 Net Assets Released from Restrictions (700,100) - - (700,100) (678,118)Increase (Decrease) in Temporarily Restricted Net Assets (554,084) - - (554,084) 229,320 Increase (Decrease) in Net Assets (760,734) (339,483) 5,452 (1,094,765) 1,523,012 Net Assets, Beginning of Year 1,775,624 1,610,284 647,613 4,033,521 2,510,467 Net Assets, End of Year 1,014,890 1,270,801 653,065 2,938,756 4,033,479

FUNDING BREAKDOWN BY SOURCES AND USES

Corporate 34%

Individual 57%

Private Foundation 9%

Fundraising 9%

Management 8%

Program 83%

GRANTMAKING BREAKDOWN BY REGION AND PORTFOLIO

Education 39%

Health and Well-being 26%

Livelihoods 35%

Latin America 33%

Africa 26%

India 17%

E/SE Asia 16%

Turkey & Russia 8%

EVERY DOLLAR DONATED TO EMPOWER IS IMPORTANT TO US. We are constantly working to maximize our impact by leveraging all of our funds. For EMpower’s stability, a Board Reserve and policies for its use were established several years ago. Additionally, our Underwriters provide funds for all of our operational needs, enabling us to assure our individual donors that 100% of their funds go to benefit at-risk youth in emerging market countries.

Financial Highlights

• Granted a record $3.4 million, a 43% increase over last year, drawing down on excess grantmaking reserves totaling $420,000 in the US and the UK, and putting more funds to work to benefit young people in EM countries

• Executed $700,100 worth of strategic program initiatives to benefit our grantee partners through dedicated funding for

adolescent girl programming from the Nike Foundation and the NoVo Foundation

– Learning Exchanges on effectively communicating girls’ stories of change in Mumbai, Delhi and Guangzhou

– Adolescent Girls Learning Community in Mumbai involving eight organizations, 11 staff mentors and 80 girls

– First-ever international exchange on “Shattering Stereotypes,” enabling young women to penetrate job sectors traditionally dominated by males that pay better and offer better security, benefits and opportunities

– Toolkits on evaluation for adolescent girls, and on helping young women enter non-traditional spaces

• Awarded the Charity Navigator 4-star rating for the third straight year, achieved by less than 13% of charitable organizations

*All figures in US$. These financial statements include inter-company eliminations and are shown combined for ease of presentation.

$100k+

Anonymous (3)*

Jonathan Bayliss*

Citi

Jeanie and Joey Lim

Liquidity Finance LLP*

Chris Milner*

Spinnaker Capital*

Lisa and Jim Valone*

The Bradley and Katherine Wickens Foundation

Helene Williamson*

$50k+

Black River Asset Management LLC*

Cargill Trade & Structured Finance

Credit Suisse

James Donald*

Emerging Markets Charity Ball Ltd.

Finisterre Capital*

Sam Finkelstein*

Maddy Foo*

Ben Hall*

Anton Likhodedov*

Llewelyn Charitable Trust

Ashur Nissan*

TPCG Valores*

$25k+

Kirk Alexander*

Marc Balston*

Veronica and Lars Bane

Nicky and James Bindler

Rayson Chung*

CQSM*

Paul Crean

Allison and Benjamin Falloon*

Jules Green

Neil Harvey*

Patrik Sandin and Aasha Pai*

Payden & Rygel*

Okan Pekin*

Greg Piccininno

The Principal Financial Group Foundation

Sole and Nick Riley

SC Lowy*

Elena and Ralph Sueppel

$10k+

Anonymous

Leonardo Arduini

Bank of America Merrill Lynch

Banu Basar

Eric Baurmeister

Rafael Biosse Duplan

Andres Borrego and Maria Paz Garcia-Cancho

Kevin Burke

Olgay Buyukkayali

John Carlson*

Kristin Ceva

Janet and Stephen Chang

Sonal and Rohit Chopra

Tom Cooper*

Xavier Corin-Mick

Credit Suisse Foundation

Lori and Eric Dannheim

Richard Deitz

Amy and Donald Ewer

Roland Fejfar

David Fernandez

Simon Flint

Frode Foss-Skiftesvik

Keith Gardner*

GaveKal

Dolores Garcia and Jaime Robles Gil

Stephen Glynn

Andress Goh

Heitman LLC

Richard Johnston

Mr. and Mrs. Jonathan Kelly

Kathleen Kinsella

Jessica and Nicholas Koh

Mike Lekan and Patty Mao

Michael and Michelle Marrese

MFS

Ricardo Mora

Matt Ryan

Santander

Andrew Seiz

Parvoleta Shtereva

Sophia Foundation

Maddy and Gerald Tan

Sean Tham

Karol Tokarczyk

Divya and Vishal Tourani

Alicia and Bob von Rekowsky

Jed Weiss and Ilana Braun Weiss

Christopher Wilder

Gareth Williams

Marcin Wiszniewski

$5k+

Anonymous

Katherine and Julian Adams

Guy America

Alexandre Barcinski

Pierre-Yves Bareau

Peter Bennett

Nicholas Bibby

Philip Blackwood

Lamine Bougueroua

Courtenay Brown

Manuel Canas

Richard Cohen

Saab Dash

Brett Diment

Matthieu Gervis

Tim Goodell

Anders Haagen

HSBC

Estella and Cliff Huang

Anya Kopyleva

Anjani Trivedi and Rahul Kotwal

Eric Lambi

Annisa Lee

Samuel Liu

Neha Bakshi and Ravi Mankude

Claude and Sofia Marion Foundation

Martin Marron

Mehmet Mazi

Emma McClintock

Colm McDonagh

Paul McNamara

Kayhan Mirza

Morgan Stanley

Ana Luisa and Jens Nystedt

Open Society Foundations

Fernando Ortega

Mark Painting

Manos Papatheofanous

Murray Roos

Michael Schwabe

Britt Shaw

Carsten Stoehr

Patrick Street

Morgan Sze

Khye Hee Tan

Ozan Tarman*

Corrinne Teo

Toru Tokoyoda

Tolga Tuglular

UBS

Bobby Vedral

Boris Vladimirov

Patrick Yeoh

Ka Hay Yip

Erin Wooters and Wai Yip

$2500k+

Anonymous

Hugh Abdullah

Kathleen Bacon

Selim Basak

Carl O Bautista

Kevin Bespolka

Katherine Boeck

David Bowen

David Burnside

Garry Collins

Anthony Correa

Edouard De Langlade

Helmut Englebrecht

David Feld

Mariana and Scot Fischer

Tom Fitzpatrick

Gideon Frank

Paul Gamble

Ignacio Gomendio

Edwin Gutierrez

Silvia Aruj-Haigh and Kay Haigh

Carolina Hatcherian

Florian Hellmich

The Hong Kong Indian Women’s Club

Yanina and Rupert Hope

Stephen Jefferies

Bibi Khonsari*

Howard Koh

Craig Kussel

Carey Lathrop

Chris Mikosh

Robert Milam

Anthony Normand

Luis Oganes

Evan Ouellette

James Parsons

Shelly and Matt Pecot

Pembroke Capital Advisors

Torsten Pfeifer

Graham Pilnik*

Ganesh Ramachandran

Lily and Andrew Riddick

Paul H Rogers and Rosa Lasaosa

Nadia Saliba

Tue Sando

Cristina Scolaro

Mandy and Dan Simmons

Claire and Simon Tallis

Stephanie Van Den Boogaerde

Christine Wang

Alex Williamson

Willie Wong

Tracey and Edward Wu

Brian Yoon

$1k+

Anonymous

Jonathan Abecassis

Patricia Ahn

Audry Ai

Artha Capital

Peter Attard Montalto

Tom Baluk

Derek Bandeen

Beautique International Limited

Amir Ben-Gacem

Gladys Benjamin

*FY2015 UnderwriterOUR DONORS (JULY 1, 2014 - DECEMBER 31, 2015)Thank you for investing in youth across the globe

Pedro Beroy

Andrew Bound

Bravia Capital

Butani Jewellery Limited

Chae and Roy Campbell

Thomas Carlone

Luis Carrillo

Ian Carton

Marco Casas

Marcel Cassard

Candice Wai Hung Chak

Ivan Chan

Anastasia Chunilai

Brian Corbat

Fernando Dammert

Jennifer Dax

Craig DeMaio

Kelsey Deshler

Steven Drobny

Yury Dubrovsky

John Early

Nerys and George Estes

Victor Manuel Gil

Stuart Giles

Carlos Gonzalez

Tracie Gunion

Cathy Hepworth

Michael Hirschhorn and

Jimena Martinez

Felix Hofmann

William Hunt

IFC/EMPEA Global PE Conference Speakers 2015

Alex Ingham

Eric Jayaweera

Tim and Susan Jenson

Stuart Kasdin

Christian Keller

Meryem Kessler

Harold Kim

Aristotel Kondili

Rob Kushen and Dinah Pokempner

Dave Kuufess

David Kuzmanich

Shakil Lalji

Richard Lancaster

Jean-Paul Larcheveque

May Lee

Steven Leininger

Jimmy Lim

Giselle and Jarrad Linzie

David and Myrna Lucey

Cole Mackay

Anju Mahajan

Nadir Mahmud

Warren Mar

Lucy Marriott

Caroline and Paul Masco

Charlotte McBride*

Frank McGann

Tom McManus

Brian McPartland

Shyamli Milam

Victoria Miles

Nelson Minier

Pracheesh Mishra

Murtaza Mohammedbhai

Carolyn and Andrei Morosanu

Guido Mosca

Alister Moss

Maurice Nadjar

Shanky Nanik

Dennis Neveling

Jamie Nicholson

Daniel Origel

Ella and Giles Page

Christina Park

Jay Parshottam

Amanda and Jon Pratt

Lupin Rahman

Tina Raja

Robert Rauch

Sabrina Ricci

James and Lisa Roche

Nick Rustad

Rosemary Safranek

Bruce Schoenfeld

Michael Seltzer and Ralph Tachuk

Kunal Shah

Nohshad Shah

Toland Sherriff

Mark Shuper

Matthew Sim

Leslie Simmons Brille

Prakriti Sofat

Bernard and Karina Steinberg

Michelle Leung and Derek Sulger

Sahil Tandon

Mohit Thakur

Kevin Tham

Dean Tyler

Tina Vandersteel

Bernardo Villela M. Silva

Darren Walker

Christopher Watson

Gregory Wells

Tom Weston

Kathy Shea Westra

Tzvi Whitman

Cheryl Wong

Rupert Wood

Dan Worth

Ben Wulfsohn

Julio Zamora

Tracey and Vincenzo Zinni

$500+

Anonymous

Gaite Ali Msim

Darren Arithoppah

Monica Hsiao and Jean-Marie Barreau

Laurent Benhamou

Martin Bercetche

Vijay Bhojwani

Thomas Blondin

Alexandros Bouzalis

Patricia Bown

Chris Buck

Ana Cabello

Martin Cameo

Khoon Yew Chuah

Elizabeth Chung

Glenn Clarke

Cyril Cottu

Steven Coulis

Charlotte Creager

Wyatt Crosswhite

Anita De

Jack Deino

Andrew Eklund

Francesca Fornasari

Sarvenaz Fouladi

Marina Galstyan

Peter Gillespie

Wike Groenenberg

Mitesh Gupta

Heather Hagerty

Jonathan Hinton

Valerie Ho

Andrew Howells

Michele Hyatt Schneidman

Andreea Koenig

Mousa Kolahdooz

Daniel Kovach

Eugene Krishnan

Craig Kussel

Richard Lawson

Jacqueline Leary

Jackson Leung

Caryn Leventhal

Marc Lewell

Armin Lindtner

Lou McCrimlisk

Jennifer Carver and John McLennan

Deepak Mirchandani

Derek Mo

Pierre Morel

Sam Morgan

Josephine Kai Mun Yuen

Veronica Neumann and Daniel Gutierrez

Ursula Newman

Mariano Pando

Satyan Patel

Adrian Petreanu

The Polyak Family Charitable Fund

Jim Ragusa

Ariana Robles

Chris Rokos

Stanley Rowe

Dino and Nina Saglimbeni

Larry Sanders

Alexander Schay

Michael Schuman

Eugene Seo

Guatam Setty

Eric Shapiro

Lucia Skwarek and Alex Gutierrez

Cady Stone

Kalpesh Suchdev

Peter Sullivan

Isin Sumengen Ziel

Michael Sun

Marcy Swank

Celeste Tambaro

Jack Tan

Jeff Tewlow

Richard Titherington

Clare Turnbull

Peter Urbanczyk

Theodora Vardis

James Vigani

Matthew Vogel

Raju Wadhwani

Peter Wadhwani

Lida Weninger

Ezequiel Weppler

TJ Yen

Linda Yu

Bo Zhao

institutional matching

Aberdeen Asset Management

Bank of America Merrill Lynch

Credit Suisse

DE Shaw

Expedia

Fidelity International

First State Investments

Goldman Sachs & Co.

Morgan Stanley

Noble Group Limited

PIMCO

UBS

donations in- kind

ICBC Standard Securities, Inc.

InVision Communications

OceanBarefoot

*FY2015 UnderwriterOUR DONORS (CONTINUED)

UNDERWRITERS

STAFF

BOARDUnited States

Tom Cooper, GMO

James Donald, Lazard Asset Management

Keith Gardner, WAMCO

Liquidity Finance LLP

TPCG Valores

Jim Valone, Wellington Management Company

United Kingdom

Jonathan Bayliss

Black River (UK)

Citi EM Group (Okan Pekin, Graham Pilnik, Paco Ybarra)

Deutsche Bank EM Group (Marc Balston, Charlotte McBride, Ozan Tarman)

Finisterre Capital

Sam Finkelstein

Devan Kaloo, Aberdeen Asset Management

Anton Likhodedov, Deutsche Bank

Liquidity Finance LLP

Chris Milner

JP Morgan EM Group (Bibi Khonsari, Ashur Nissan, Gergana Thiel)

Spinnaker Capital

Helene Williamson, First State Investments

Hong Kong

Kirk Alexander

Rayson Chung, JP Morgan

Benjamin Falloon, Morgan Stanley

Maddy Foo

Stephen Glynn

Sandeep Gupta, Broad Peak Investment Advisors

Ben Hall

Neil Harvey, Credit Suisse

Nicholas Petronko, Atlas Global Investment Management

Patrik Sandin and Aasha Pai

SC Lowy

United States

Marta Cabrera, President

Cynthia Steele, Executive Vice President and Global Head of Programs

Lee Takakjian, Marketing & Communications Director

Peter Chang, Controller

Carmen Morcos, Senior Program Officer for Latin America

Caitlin Mitchell, Assistant Program Officer

Ciara Masterson, Development Manager

Kayla Kohlenberg, Development & Communications Associate

Jinexa Rivera, Programs Assistant

Shelbi Goldman, Global Operations Assistant

United Kingdom

Neha Broota, Development & Engagement Manager

Theodoros Chronopoulos, Senior Program Officer for Africa

Holly Hawkins, Development & Communications Assistant

Hong Kong

Lucie Kucharova, Development & Engagement Manager

Gritt Richter, Senior Program Officer for East & Southeast Asia

Audrey Chan, Operations & Communications Assistant

Delhi, India

Nisha Dhawan, Senior Program Officer for India & Regional Advisor, Asia

Jayanthi Pushkaran, Assistant Program Officer for India

Istanbul, Turkey

Filiz Bikmen, Senior Program Officer for Turkey

United States

Banu Basar, Bank of America Merrill Lynch

Eric Baurmeister, Morgan Stanley Investment Management

Andres Borrego, Credit Suisse

Marta Cabrera, EMpower

Kristin Ceva, Payden & Rygel

Bill Connolly, Bank of America Merrill Lynch

James Donald, Lazard Asset Management

Beth Fredrick, Johns Hopkins Bloomberg School of Public Health

Michael Hirschhorn, International Human Rights Funders Group

Rupert Hope, Lazard Asset Management

Kathleen Kinsella, CIBC

Robert Kushen, Porticus Foundation

Bob von Rekowsky, Fidelity

Jaime Robles Gil, Citi

Matthew W. Ryan, MFS Investment Management

Jim Valone, Wellington Management Company

United Kingdom

Marc Balston, Deutsche Bank

Jonathan Bayliss

Rafael Biosse Duplan, Finisterre Capital

Marta Cabrera, EMpower

Xavier Corin-Mick

Eric Levine, Citizen Insight

Jeremy Llewelyn

Pontso Mafethe, Comic Relief

Chris Milner

Parvoleta Shtereva, Gemcorp Capital LLP

Ozan Tarman, Deutsche Bank

Gergana Thiel, JP Morgan

Aditi Thorat, Thomson Reuters Foundation

Brad Wickens

Gareth Williams

Helene Williamson, First State Investments

Paco Ybarra, Citi

Vincenzo Zinni

Hong Kong

Kirk Alexander

Marta Cabrera, EMpower

Stephen Chang, JP Morgan Asset Management

Benjamin Falloon, Morgan Stanley

David Fernandez, Barclays Capital

Maddy Foo

Stephen Glynn

Sandeep Gupta, Broad Peak Investment Advisors

Ben Hall

Neil Harvey, Credit Suisse

Richard Johnston

Deborah Lowy

Aasha Pai, Philanthropy Advisor

Marie Rosencrantz, Rosencrantz & Co Ltd

Andrew Seiz, Pine River Capital Management

Vishal Tourani

Lists are current as of March 31, 2016

I New York I London I Hong Kong I

EMpower – The Emerging Markets Foundation

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