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East Europe Foundation Releases Annual Report for 2011

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EEF is proud to present its Annual Report for 2011. We want to thank our donors and partners for their support. We'd very much appreciate your feedback on current report as well as comments and recommendations on EEF activities. Please contact Communications department at [email protected] for additional information and questions.
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Page 1: East Europe Foundation Releases Annual Report for 2011
Page 2: East Europe Foundation Releases Annual Report for 2011

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .2

TABLE OF CONTENTS

Eurasia Foundation is a privately managed non-profit organization supported by the United StatesAgency for International Development (USAID) and other public and private donors. Since 1992,Eurasia Foundation has invested more than $380 million through more than 8,400 grants andoperating programs in Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, the Kyrgyz Republic,Moldova, Russian, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.

East Europe Foundation is a privately managed non-profit organization supported by Eurasia Foundation and other public and private donors. Launched in January 2008, EEF mobilizes publicand private resources for community, social and economic development in Ukraine and is a member of the Eurasia Foundation Network. For more information, please visit: www.eef.org.ua.

This publication is made possible by the support of the American people through the UnitedStates Agency for International Development (USAID). The contents are the sole responsibility ofEurasia Foundation and do not necessarily reflect the views of USAID or the United StatesGovernment.

About East Europe Foundation page 3

Board of Directors and Advisory Council page 4

Letter from the President page 5

Programs page 6-9

Financials page 10

Donors and Partners page 11

Page 3: East Europe Foundation Releases Annual Report for 2011

ApproachEast Europe Foundation works to achieve its mission by:

- identifying and strengthening partnerships between

nonprofit organizations, local authorities, businesses

and other local stakeholders;

- building the capacities of its partners to sustain their

missions by providing knowledge, skills, financial

assistance and other resources; and

- cultivating innovative development models and fos-

tering synergy among its programs and partners.

History East Europe Foundation (EEF) is a Kyiv-based interna-

tional charitable foundation established in 2008. Since

that time EEF has invested approximately $4 million

through grants and operating programs in 20 oblasts of

Ukraine. EEF carries on the development work of its

founder, Eurasia Foundation, which has invested more

than $47 million in Ukraine. With an independent board

of directors and a highly skilled staff, EEF implements

economic and social development programs with the

support of local and international donors, including

USAID, European governments, multilateral organiza-

tions, foundations and corporations.

Partnerships EEF depends on its network of highly motivated civic

leaders, community organizations, local governments

and technical assistance providers. It constantly seeks

new partnerships and opportunities to expand program-

ming to new communities. For more information about

partnership opportunities with EEF, please visit

www.eef.org.ua

About East Europe Foundation

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N .

MMIISSSSIIOONN

East Europe Foundation

empowers citizens to build

their own futures by mobilizing

resources, strengthening

communities and fostering

public-private cooperation.

3

Page 4: East Europe Foundation Releases Annual Report for 2011

Helen VolskaManaging Partner and DirectorEBS

Vitaliy SychChief EditorKorrespondent Magazine

Margarita KarpenkoManaging Partner DLA Piper Ukraine

Trond MoeChairmanEastern Europe Group

Adriaan Jacobovits deSzegedFormer Ambassador of the Netherlands

Yuriy SivitskyAdvisory Board Member Intecracy Group

Peter ChernyshovCEOSlavutich, Carlsberg Ukraine

Regina YanChief Operating OfficerPeterson Institute for International Economics

Sandra Willett JacksonCo-Founder and PrincipalStrategies & StructuresInternational

Alexei KredisovManaging Partner

Ernst & Young Ukraine

Steven PiferFormer US Ambassador Senior Fellow Brookings Institution

Victor LiakhPresident

East Europe Foundation

Dr. Serhiy KozachenkoDirector

International Centre for

Enterprise and Management

Development

Boris LozhkinGeneral Director

President

United Media Holding Group

Companies

Morgan WilliamsPresident/CEO

U.S.-Ukraine Business Council

(USUBC)

Natalie A. JareskoFounding Partner and

Chief Executive Officer

Horizon Capital

Marina StarodubskaGeneral Director and

Managing Partner

Mikhailov & Partners Ukraine

Strategic Communications

Consultancy

AADDVVIISSOORRYY CCOOUUNNCCIILL

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .4

Board of Directors

Timothy PylateSenior Vice President

for Development

The National Math and

Science Initiative

Page 5: East Europe Foundation Releases Annual Report for 2011

Dear Friends and Partners!

East Europe Foundation (EEF) is proud to present its annual report. Wehope that 2011 was a year in which you gained invaluable experience, estab-lished new partnerships and implemented interesting and productive projectsand initiatives as we did.

Strengthening EEF to become a leading organization which supports thesocial and economic development of Ukrainian communities brings newgoals and challenges for us to address.

Based on feedback from Ukrainian and international partners and otherstakeholders in 2011, EEF has developed a strategic plan for 2012-2014,according to which EEF will continue to implement programs focusing onfour key areas: Local Economic Development, Local Social Development, Gover-nance and Civil Society, plus Energy Efficiency and the Environment. The restruc-turing of our program portfolio is needed in response to priorities declaredon the national level as well as local community needs which EEF tries tomeet by developing and implementing new projects and initiatives.

We continue to focus on initiatives aimed at solving urgent social issues ofvulnerable communities as well as on projects that aim to create a solid foundation for further sustainable social development. Last year we activelyworked to improve social living standards, namely as regards the integrationof vulnerable youth into society, ensuring equal access for people with disabilities, and creating comfortable conditions and places in which the elderly can indulge in favorite pastimes and other activities.

We have also aimed our efforts to support local initiatives that help to ensureactive citizen participation in the development of local policy and agenda. ForEEF it is important to show innovation in priority areas, so to make the workof local authorities more transparent and accountable, we have introduced e-governance technologies and actively monitored the work of local deputies.

In 2011, EEF also focused on promoting ideas such as public-private partnerships, social entrepreneurship and corporate social responsibility. Inaddition, EEF furthered its work to improve energy efficiency and introducenew energy-saving technologies in public buildings, including kindergartens,schools, hospitals, libraries and more.

Current and future EEF projects are aimed at providing Ukrainian commu-nities with effective tools, expertise and skills to build their future and makeresponsible decisions.

We are extremely grateful to all our partners and donors, who supportedus and joined in our initiatives throughout 2011. EEF remains open to youand the synergies that can be created through our cooperation!

Sincerely,

Victor LiakhPresident

East Europe Foundation

Letter from the President

Page 6: East Europe Foundation Releases Annual Report for 2011

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .6

PP RR OO GG RR AA MM SS

EEEEFF PPRROOGGRRAAMMSS IINN 22001111

Local Economic and Social Development

Effective Governance

Corporate Social Responsibility and Responsible Philanthropy

Page 7: East Europe Foundation Releases Annual Report for 2011

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N . 7

The program strengthens public-private partnerships at the local

level and improves the capacities of communities to upgrade

communal infrastructure, introduce energy-saving technologies,

and provide social services and protection for vulnerable groups.

PPaarrttnneerrsshhiippss ffoorr CClleeaanneerr EEnneerrggyy

The goal of the three-year initiative is topromote energy saving and CO2 reductionin Dnipropetrovsk oblast. The project aimsto build the capacities of local governmentand business to design, evaluate, imple-ment, and measure community-driven ener-gy efficiency and CO2 emissions reductionstrategies and projects. The USAID Partner-ship for Cleaner Energy project is beingimplemented by EEF in partnership withthe Dnipropetrovsk Oblast Council, theDnipropetrovsk Oblast State Administrationand the DTEK company.

IN 2011 THE PROJECT HELPED:• Eight communities from Dnipropetro-

vsk oblast where energy-efficiencyequipment has been installed, in partic-ular: LED street lighting was installed inZelenodolsk and Bohdanivka; solar pan-els to heat water for a kindergartenswimming pool were installed in

Pavlohrad; basic energy efficiency meas-ures such as roof and wall insulation,windows and doors were replaced toimprove comfort and save energy in thekindergartens of Novooleksandrivka,Tomakivka, Loboikivka and Mezhova,and at a library in Devladove.

• More than 150 representatives of localauthorities and businesses responsiblefor decision making that led to theintroduction of energy-efficiency meas-ures attended training seminars.

• To develop approximately 30 publica-tions on energy efficiency as part of acontest for journalists.

• More than 2,000 people attended the11th annual Energoprom national expo,which aims to promote modern energy-efficiency technologies and to helpestablish cooperation between localauthorities, businesses, other potentialenergy users and producers of energyefficiency technology.

Local Economic and Social Development Program

Page 8: East Europe Foundation Releases Annual Report for 2011

IN 2011, AS PART OF THE EEF AND PARLIAMENTOF CRIMEA JOINT PROGRAM “ENERGY EFFI-CIENCY TECHNOLOGIES TO SERVE CRIMEANS”,THE PROJECT HELPED:• To assess possible sites for solar energy pilot projects

and to identify 140 public buildings where alternativesources of energy could work;

• To train 244 local government representatives andcommunity activists;

• 17 local authorities to receive consulting support;• To provide hot water supply to four educational estab-

lishments for youth:• a Kindergarten in Yevpatoria;• a Kindergarten in Poltavka’s Krasnohvardeysky distrist; • two Kindergartens in Pervomayske.

IN 2011, AS PART OF THE EEF AND SEVASTOPOLCITY STATE ADMINISTRATION JOINT PROGRAM“SUPPORTING RENEWABLE AND ALTERNATIVEENERGY”, THE PROJECT HELPED:• To develop and introduce facultative course for school-

children of grades 6-7 and 9-10 as regards alternativesources of energy;

• To conduct an energy audit of 74 city kindergartensand to prepare technical documentation on solar panelinstallation;

• To train 50 representatives from local businesses deal-ing with hotels, restaurants and other hospitalityindustries on how to attract investments to implementenergy-saving projects;

• To start installing solar panels at educational establish-ment #5 to provide hot water supply and establish spe-cialized classroom to demonstrate how these newtechnologies work.

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .8

MMuunniicciippaall PPaarrttnneerrsshhiippss ffoorr BBeetttteerr EEnneerrggyy UUssee

Since 2006, EEF and its founder have invested nearly$400,000 in 21 local initiatives in 11 oblasts of Ukraineto support partnerships between municipal governmentsand community groups that improve energy efficiency,install alternative energy technologies and share bestpractices in saving energy. EEF raises public awareness ofenergy-saving approaches among various stakeholders,

installs energy-saving equipment at hospitals, kinder-gartens, schools and museums, and facilitates local gov-ernment and community cooperation. To ensure the sus-tainability of local projects, EEF requires that no lessthan 50 percent of the funds for each initiative be raisedfrom local resources, and that savings be reinvested inenergy-saving plans.

Page 9: East Europe Foundation Releases Annual Report for 2011

This project creates opportunities for social engagementamong seniors and provides venues for theirpastimes/social activities so that local seniors can gather tosing, dance, enjoy various hobbies and spend time witheach other, as well as gain new skills through several spe-cific groups. The project also helps improve the standard ofliving of local seniors by offering various services, includinglaundry and hairdressing, as well as medical, psychologicaland legal consultations. In total, EEF has invested in thecreation of 11 such community centers for seniors acrossUkraine.

IN 2011 THE PROJECT HELPED:• To establish three new seniors’ centers in Cherkasy

oblast with 19 hobby groups and seven new socialservices, including massage, hairdressing and clothingrepair, laundry, aromatherapy and shower service.

GGRRAANNTTEEEESS• Care for the Elderly, Cherkasy branch of All-Ukrainian

charitable organization• “Zolotonosha municipal Charitable Foundation of Health and

Mercy” • Chornobay district Organization of Veterans of Ukraine

This project empowers vulnerable youth to better inte-grate into society by providing them with vocationaltraining, helping them to access educational and employ-ment opportunities, plus by improving social services. In2011, social orphans from Zhytomyr and Kharkiv oblastsreceived intensive vocational training and were providedwith information on employment and educationalopportunities. The project also facilitates cooperationbetween local employers, state agencies and NGOs toincrease their capacity and skills to jointly address theneeds of social orphans and youth with disabilities.

IN 2011 THE PROJECT HELPED:• More than 300 orphans from 18 Zhytomyr and

Kharkiv oblasts vocational schools to receive informa-tion, consulting and social support to better integrateinto society;

• More than 80 representatives of NGOs, teachers andsocial workers to receive new practical skills requiredto work with vulnerable youth;

• To install modern equipment in Kharkiv oblast’s Kupi-ansk and Izuim Vocational Schools and adopt an IzuimSchool for needs of youth with disabilities;

• To publish and disseminate a manual for trainersfocused on assisting vulnerable youth with integrationinto society;

• To publish and disseminate a practical guidebook forvulnerable youth on where and how to further theireducation and find meaningful work.

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N . 9

CCoommmmuunniittyy CCeenntteerrss ffoorr SSeenniioorr CCiittiizzeennss

EEvveerryyoonnee HHaass tthhee RRiigghhtt ttoo WWoorrkk

Page 10: East Europe Foundation Releases Annual Report for 2011

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .10

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Public-private partnerships, also known as PPP, repre-sent an approach to addressing community economicdevelopment problems through the combined efforts oflocal governments, private enterprises and local develop-ment organizations. EEF, in cooperation with the USAIDLINC project, is facilitating local community develop-ment by identifying and strengthening existing PPPs thatsupport regional economic investment, help to developnew PPP mechanisms, build the capacities of regionalchampions for PPP, and provide practical recommenda-tions and help to develop new PPP projects.

IN 2011 THIS PROJECT HELPED:• To develop and distribute one of Ukraine’s first practical

manual on the implementation of PPP mechanisms;• To train more than 150 local authorities and business

representatives from Chernivtsi, Volyn, Rivne, Luhanskand Odesa oblasts and the Autonomous Republic ofCrimea on PPP implementation;

• 17 local officials from six cites to receive practical skillswithin an intensive training program and study tours tolearn Ukrainian best practices on PPP implementation indifferent areas, including waste management, heatingsupply, medical services and tourism.

• Representatives of pilot cities (Odesa, Yevpatoria, Lutskand Stakhanov) were consulted during the developmentand preparation of their own PPP projects aimed at: theestablishment of an open-air museum featuring the oldcity (in Odesa); the development of a sports facility in arecreational zone around the Moinaki salt lake (in Yevpa-toria); and the reconstruction of existing buildings andestablishment of new hotels (in Lutsk).

EEqquuaall AAcccceessss ffoorr PPeeooppllee wwiitthh DDiissaabbiilliittiieess

This project helps ensure equal physical access to pub-lic buildings and services for people with special needsand increases the quality of services provided to them bypublic and private organizations.

GGRRAANNTTEEEESS:: • Podilska Hromada Vinnytsia charitable foundation • NGO “Harmonia” from Vinnytsia• Svit Informatsii Association of Library Users from town of Bar

(Vinnytsia Oblast)

IN 2011 THE PROJECT HELPED:• To make the Vinnytsia oblast Sadovski Drama Theater

accessible for people with special needs;• To improve mobility for people in wheelchairs and

people with visual impairments by providing specialescort and transportation services around the city;

• To expand the spectrum of library services and createan audio library for people with visual impairments.

SSoocciiaall EEnntteerrpprriissee DDeevveellooppmmeenntt

A social enterprise is a revenue-generating businesswhose surpluses are reinvested for social or charitableobjectives in the community. This is a relatively new con-cept in Ukraine, and EEF in partnership with the BritishCouncil in Ukraine, PricewaterhouseCoopers, ErsteBank, the American Chamber of Commerce in Ukraineand the International Renaissance Foundation, is work-ing to create a favorable environment for development ofthe social enterprise sector, as well as to provide thosewho want to run a social enterprise with the legal, finan-cial and consulting support they need.

GGRRAANNTTEEEESS::• Remisnycha Palata Krymu NGO• NGOs Association for Social and Economic Strategies and

Partnerships (Donetsk Oblast)• Sokal Agency for Regional Development (Lviv Oblast)

IN 2011 THE PROJECT HELPED:• Approximately 400 people interested in launching a

social enterprise to receive methodological and infor-mation support in specially established centers.

Page 11: East Europe Foundation Releases Annual Report for 2011

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N . 11

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Effective Governance Program

GGRRAANNTTEEEESS:: • ECO Dovkillya NGO• Vinnytsia oblast “A-Vestа” NGO for people with disabilities• Kharkiv “Creavita” NGO for people with disabilities • “Face to Face” NGO• Association of Support of Municipal Government Development • Crimea Development Institute • Poltava Business Development Center • Eremurus Ecological Club • “Rosa Vetrov” Sustainable Development Center • Center of Support for Economic and Social Development in

Ripky District • “Small Business Laboratory” NGO• Agency for the Development of Private Initiatives • Berdyansk Educators for Peace and Mutual Understanding

NGO• Bilozerka district branch of the Kherson oblast civic youth

organization “Youth Center for Regional Development”• Kherson Chamber of Commerce and Industry • Civic Initiatives Center charitable foundation, Perechyn

(Zakarpattska oblast)• Development of Sevastopol NGO• “Harmony” Civic NGO for Youth with Disabilities (Vinnytsya

oblast)• Ternopil Orphans Union Municipal Youth NGO • Tamarisk Center for Support of Public and Cultural Initiatives

(Dnipropetrovsk oblast)• Kharkiv Communities’ Development Association Ivano-

Frankivsk Economic Development Association.

The aim of this project is to support local-level advoca-cy that helps influence public policy, protects citizens’rights and holds government officials accountable throughthe work of active NGOs and citizens. In 2011, within 22grants 22 advocacy campaigns were conducted to bringchanges in the areas of government accountability, munic-ipal housing reform, citizen participation, effective citizeninput into local development planning, effective gover-nance and empowerment for disadvantaged groups.

Local project partners initiated the development of 31regulatory acts and public policies, 23 of which wereapproved. Among those, transparent mechanisms formunicipal funding of social projects were approved inDnipropetrovsk, instructions for 78 administrative serviceprocedures were approved by the Ivano-Frankivsk CityCouncil and are now used in the City Administrative Ser-vice Provision Center, and a Vinnytsia city program toachieve a barrier-free environment initiated by local NGOshas been continued through the end of 2015.

In 2011 UNITER partners announced a call for pro-posals encouraging NGOs to form coalitions to unite theefforts of local- and national-level Ukrainian NGOs toadvocate on behalf of citizens’ interests and drive nation-al reforms in areas important for Ukrainian society. Intotal, 61 coalitions uniting 299 organizations submittedprojects for consideration. UNITER partners conductedan intensive training program for semifinalists to teachapplicants how to build an effective coalition and how towork together. Grants will be awarded in 2012.

EEF helps improve the

accountability and

transparency of local

governance by assisting in

designing public policies,

implementing national

reforms and increasing the

participation of civil society

organizations in the public

policy-making process.

Page 12: East Europe Foundation Releases Annual Report for 2011

This project aims to enhance the capacities of Ukrain-ian NGOs and citizens to influence local political life byreceiving access to information about elected officialsand monitoring the work of such elected officials. Elect-ed officials use newly established online resources as achannel to inform citizens about what they do – siteswhich also allow citizens to comment or provide recom-mendations on how to improve the work of local coun-cils and deputies.

IN 2011 THE PROJECT HELPED:• To create “Your local representative” websites

(www.dep.org.ua) in eight regions where detailedinformation on the composition of 87 pilot local coun-cils and other important information is provided. Intotal, 4,671 special pages on local deputies were creat-ed. These pages summarize information on eachdeputy, including biography, political views, contactinformation and working hours.

• The websites created were visited by approximately210,000 users, 880 of which registered to participatein discussions, forums and provide feedback. Approx-imately 1,500 comments on the work of local councilwere left by users of such sites.

• To accompany the websites, special pages on socialnetworks where created and united around 900 activeusers.

GGRRAANNTTEEEESS::• Odesa oblast branch of All-Ukrainian public organization "Com-

mittee of voters of Ukraine"• Volyn oblast - Center for Political Analysis and Electoral Con-

sulting• Chernihiv Oblast - Center for Social Prosperity 'Dobrochyn' • Donetsk Oblast - Donetsk Oblast Organization of Committee of

Voters of Ukraine• Luhansk Oblast - East-Ukrainian Center of Civil Initiatives• Kharkiv Oblast - Foundation for Local Democracy• AR Crimea - NGO "Crimea Development Institute"• Ternopil Oblast - Nivroku Art Youth Union

This project promotes transparency and accountabilityamong government authorities and municipalities byimproving government communications and enhancinggovernment services for citizens through the computeri-zation of various governmental administrative proce-dures.

IN 2011 THE PROJECT HELPED:• To develop and test administrative services set for the

Odesa State Oblast Administration to provide serviceson the registration of interested foreign investors,developing investment proposals, plus supporting andmonitoring implementation of investments plans. Anewly developed website, http://invest.odessa.gov.ua,now helps investors and those interested in investingas well as significantly decreases the time needed toreceive services. In addition, the circulation of docu-ments between local officials has been digitalized.

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .12

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IInnnnoovvaattiioonnss iinn EE--ggoovveerrnnaannccee

Page 13: East Europe Foundation Releases Annual Report for 2011

By means of a weekly e-bulletin called “CSR inUkraine”, EEF informs its more than 7,000 readers,including representatives of large companies, SMEs,international development organizations, local authori-ties, NGOs and the mass media, on the best UkrainianCSR practices, international standards, non-financialreporting, new initiatives in this area and more.

EEF is one of the founders and an active supporter ofthe Ukrainian Philanthropists Forum, a network of morethan 26 charitable foundations. EEF together with theUPF focuses on the enhancement of effective philanthro-py nationwide by participating in the development of anational agenda and the sharing of best Ukrainian andinternational practices in philanthropy. They also helpcreate a favorable legislative environment for the trans-parent and meaningful development of philanthropy.

In 2011 EEF jointly with local and international partnersorganized two international conferences on corporate volun-teering. More than 500 participants discussed key conferenceissues such as current trends, challenges and prospects forcorporate volunteering development, plus best internationaland Ukrainian models and practices.

For the second time EEF conducted its National Cor-porate Volunteer Contest in partnership with the UNGlobal Compact Network in Ukraine, the UN VolunteersProgramme, the European Business Association, theAmerican Chamber of Commerce in Ukraine, the U.S.PeaceCorps and the Ukrainian Philanthropists Forum.

The contest, which aims to recognize and celebratebusinesses with employee volunteer programs that helpto solve vital problems in society, resulted in approxi-mately 20 applications representing corporate volunteer-ing programs being implemented by local and interna-tional companies in Ukraine.

Corporate Social Responsibility and Responsible Philanthropy Program

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N . 13

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CCuullttiivvaattiinngg CCoorrppoorraattee VVoolluunntteeeerriinngg

This program helps to form partnerships between local authorities, Ukrainian and international business, and NGOs

to encourage sustainable decision-making and positive changes to the development and well-being of Ukrainian

communities. EEF believes that CSR programs and social investments provided by business and their fruitful

cooperation with local authorities will result in the further sustainable development of local communities. EEF

promotes international standards and best practices with respect to CSR, advocates for a better legislative and

regulatory framework for the advancement of CSR, and encourages corporate philanthropy.

Page 14: East Europe Foundation Releases Annual Report for 2011

E A S T E U R O P E F O U N D A T I O N . A N N U A L R E P O R T .14

Financials

TOTAL REVENUES $950 953,74 (100%) TOTAL EXPENDITURES $1 328 688,21 (100%)

U.S. Government $479 111

Grants $228 245,20

Programs and Program Support$854 513,31

Administrative Overhead $245 929,70

International Organizations $134 422,43

Individual Donations$19 932,04

2,10%

Private Companies$244 905,98

25,78%

Foreign Embassies$53 683,19

5,65%

52,32%

17,18%

64,31%

18,51%

14,15%

EEF REVENUES BY FUNDER, 2011 EEF EXPENSES BY FUNCTION, 2011

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2011

ASSETS

CASH IN BANK $443 406

GRANTS AND CONTRIBUTIONS RECEIVABLE $2 239 011

PREPAID EXPENSES $12 551

TOTAL ASSETS $2 694 968

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES

ACCOUNTS PAYABLE $13 391

GRANTS PAYABLE $44 048

ACCRUED SALARIES AND VACATION $18 850

TOTAL LIABILITIES $76 289

NET ASSETS

UNRESTRICTED $140 374

TEMPORARILY RESTRICTED $2 478 305

TOTAL NET ASSETS $2 618 679

TOTAL LIABILITIES AND NET ASSETS $2 694 968

INDEPENDENT AUDITORS' REPORT

Page 15: East Europe Foundation Releases Annual Report for 2011

A N N U A L R E P O R T . E A S T E U R O P E F O U N D A T I O N . 15

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PPaarrttnneerrss

British Council

Business in the Community

Civic Campaign New Citizen

Committee of Voters of Ukraine Cherkasy branch

Erste Bank

Expert Ukraine Magazine

Foundation for Socio-Economic Development of

Sevastopol

International Renaissance Foundation

Internews Ukraine

John Smith Trust

Microsoft Ukraine

National Assembly of People with Disabilities

PH International in Ukraine

Platinum Bank

PricewaterhouseCoopers Ukraine

U.S.-Ukraine Business Council

UUkkrraaiinniiaann GGoovveerrnnmmeenntt PPaarrttnneerrsshhiippss

Berdychiv City Employment Center

Bogdanivka Village Council (Dnipropetrovsk

Oblast)

Crimean Republic Committee of the ARC on Fuel,

Energy and Innovation Policy

Dnipropetrovsk Oblast State Administration

Dnipropetrovsk Oblast Council

Yevpatoria City Council

Kharkiv Oblast State Administration Main

Kharkiv District State Administration

Department of Education and Science

Loboykivka Village Council (Dnipropetrovsk

Oblast)

Ministry of Labour and Social Policy of the ARC

Mezheva District Council (Dnipropetrovsk Oblast)

Novooleksandrivka Village Council

(Dnipropetrovsk Oblast)

Pavlohrad City Council

Pervomaysk City Council

Poltavka Village Council (AR Crimea)

Odesa Oblast State Administration Main

Department of Foreign Economic Affairs and

European Integration

Sevastopol City State Administration

State Employment Center

State Social Service for Family, Children and

Youth

Tomakivka District Council (Dnipropetrovsk

Oblast)

Trostyanets City Council (Sumy Oblast)

Verkhovna Rada Autonomous Republic of Crimea

Zelenodolsk City Council (Dnipropetrovsk Oblast)

Zhytomyr Oblast Employment Center

MMeemmbbeerrsshhiippss iinn CCooaalliittiioonnss,, AAssssoocciiaattiioonnss

aanndd NNeettwwoorrkkss

American Chamber of Commerce

Business in the Community Global Partnership

Network

European Business Association (EBA)

Ukrainian Philanthropists Forum

UN Global Compact Network in Ukraine

OUR SPONSORS IN 2011Names in bold indicate a direct donation of $10,000 and more

Page 16: East Europe Foundation Releases Annual Report for 2011

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