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.
| 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 |