Western Union || Foundation

Reports & References

With every grant, the Western Union Foundation is changing lives, fostering hope and helping to set the world's needy on the path to a brighter future.

Our 2007 financial reports are featured below.

Statement of Activities Year Ended December 31, 2007

Unrestricted Temporarily
Restricted
Total
Support and revenue:      
Amounts raised 4,197,625 1,640,713 5,838,338
Less amounts raised for others (1,019,919) - (1,019,919)
In-kind contributions 215,988 - 215,988
Special event revenue 371,375 - 371,375
Less Direct expenses (60,073) - (60,073)
Total Contribution 3,704,996 1,640,713 5,345,709
       
Interest income 114,328 - 114,328
Net assets release from restrictions due to satisfactions of expenditure restrictions 1,640,713 (1,640,713)  
Total support and revenue 5,460,037 - 5,460,037
       
Expenditure      
Program services:      
Grants 4,531,979 - 4,531,979
Grant making 288,890 - 288,890
Total program activities 4,820,869 - 4,820,869
       
Supporting activities (note 6):      
General and administrative 462,895 - 462,895
Fundraising and development 796,087 - 333,192
Total supporting activities 5,616,956 - 5,616,956
Total expenditures (156,919) - (156,919)
       
Change in net assets 1,780,739 - 1,780,739
       
Net assets at beginining of year, as previously reported (462,427) - (462,427)
Cumulative effect of change in accounting basis (note 1b) 1,318,312 - 1,318,312
Net assets at beginning of year, as restated      
       
Net assets at end of year 1,161,393 - 1,161,393

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