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UNICEF has made significant headway against this grim toll. By doing whatever
it takes wherever it is needed, UNICEF has saved more children’s lives than any
other humanitarian organization.
Good news like this heralds even more progress for children in the future, if we
all work together. With your continued support, UNICEF and the U.S. Fund will
strive to roll back the number of needless child deaths all the way to zero.
It’s been a truly momentous year here at the U.S. Fund for UNICEF. Thanks to
your commitment and generosity, we were able to make significant strides in the
fight for child survival.
All over the world, your contributions have helped UNICEF counter grave threats
to children, giving them the chance to thrive and grow.
After a cyclone lashed Myanmar — and then, ten days later, an earthquake hit
parts of China — you helped UNICEF speed medicines, clean water, and school
supplies to vulnerable children in both disaster zones.
In Haiti, Sierra Leone, Zimbabwe, and Eritrea — where the food crisis has fueled
deadly malnutrition — your support means that children can get the therapeutic
foods they need to survive.
In countries like Swaziland, Belize, Jamaica, and Nepal — where AIDS continues
to claim the lives of so many children and leave so many others orphaned — your
contributions have helped expand treatment, care, and prevention programs.
Your support enabled the U.S. Fund to reach a total revenue for fiscal year 2008
of nearly $450 million. With your help, we have seen great success. Thank you.
But we can’t stop now. Consider this: If you see ten children drowning … do you
stop and pat yourself on the back after you have rescued five … or do you refuse
to rest until zero children are in danger?
Now let us join together and work toward a day when every child survives and
has a promising future.
Organized under the laws of New York State as a not-for-profit corporation, the U.S. Fund for UNICEF is exempt from tax under Section 501 (c) (3) of the Internal Revenue Code
and is governed by an independent and non-salaried board of directors. The U.S. Fund for UNICEF qualifies for the maximum charitable contribution deduction by donors. U.S.
Fund for UNICEF activities for the year ended June 30, 2008, are described in this report, which also includes a summary of financial highlights for the year.
Your critical donations are put to smart and thoughtful use, saving and improving
children’s lives through innovative and low-cost methods. For instance, UNICEF
is one of the world’s largest buyers of insecticide-treated mosquito nets and
distributed over 18 million nets last year. This inexpensive intervention protects
children and their families from malaria-carrying mosquitoes and can reduce
cases of that deadly disease by 50 percent. UNICEF also reaches 55 percent of
the world’s children with lifesaving immunizations against other killer diseases
like measles and tetanus. In fact, due to the efforts of UNICEF and its partners,
measles deaths in Africa dropped by 91 percent between 2000 and 2006.
UNICEF was founded in 1946 to help children in post-war Europe, China, and the Middle East. Today, as the United Nations Children’s Fund, it serves children and families in
developing countries worldwide and depends entirely on voluntary contributions. The U.S. Fund was established in 1947, the first of 36 national committees set up globally to
support UNICEF through fundraising, education, and advocacy. Since its inception, the U.S. Fund has provided UNICEF and various NGOs with more than $3.3 billion in cash
and gifts-in-kind.
UNICEF’s mission is simple: give every child the basics for a safe and healthy
childhood. But threats to children in many parts of the world are so numerous,
so serious, and so persistent that getting the job done is often far from simple or
easy. UNICEF has the resolve to remain undaunted by war or conflict, disaster
or disease, geography or logistical complexity. Harnessing over 60 years of
experience as well as its trademark innovation, efficiency, and expertise, UNICEF
consistently meets challenges to child survival on many fronts. What follows is a
look at UNICEF’s primary program areas — along with examples of notable U.S.
Fund contributions and partnerships. Also included are some stories of children
and families whose lives have been transformed by UNICEF’s work.
HIV/AIDS 6.4%
Other 1.1%
Health
Utilizing its extensive supply network, UNICEF distributes these and other
proven health interventions by any means available — via train, truck, plane,
boat, donkey, camel, motorcycle, and on foot — to reach children in the
most remote regions of the world. Through its Accelerated Child Survival and
Development program, UNICEF also works with governments,
non-governmental organizations, and community leaders to deliver health
services in a comprehensive package that includes childhood immunizations,
vitamin A supplementation, prenatal and postnatal care, and prevention and
treatment of disease.
Nutrition
The current global food crisis has endangered the lives of millions of children
around the world as families who are already struggling to survive face soaring
food costs. UNICEF is combating malnutrition by providing essential vitamins
and micronutrients, as well as lifesaving therapeutic foods like Plumpy’nut®,
to help undernourished children gain weight. Plumpy’nut — a ready-to-use
peanut paste containing protein, minerals, and vitamins — has the power to
almost instantly bring a child back from the brink of starvation. In 2007, UNICEF
acquired $50 million worth of nutritional products to fight acute malnutrition,
doubling its procurement of ready-to-use therapeutic foods. These life-sustaining
supplies were delivered to 41 countries to help keep children nourished and
healthy.
Water is essential to life. Yet 1 billion people do not have a safe water supply,
and 2.6 billion people — nearly half of humanity — live without proper sanitation.
Every year, 1.5 million children die before their fifth birthday because they lack
clean water and adequate sanitation. UNICEF supports water, sanitation, and
hygiene programs in 93 countries and is recognized as a world leader in tackling
water problems. In 2007, UNICEF procured some $68 million worth of water
and sanitation supplies: everything from large, solar-powered well systems to
tiny purification tablets. Following the Myanmar cyclone, UNICEF rushed more
than 4.5 million of those tablets, as well as myriad other purification tools, to the
Irrawaddy Delta to avert an outbreak of waterborne diseases like cholera. Since
1990, thanks to the work of UNICEF and its partners, at least 1.2 billion people
have gained access to clean drinking water.
Child Protection
An estimated 300 million children bear the physical and emotional scars left
by violence, exploitation, and abuse suffered at the hands of adults. Some of
the grimmest stories emerge from the worst forms of child labor — including
grueling work in factories and mines — and from the experiences of child
soldiers and sex slaves. UNICEF uses its access and influence to work with
governments, non-governmental organizations, civil groups, and communities to
protect children from harm and ensure that their rights are upheld. It advocates
for legislation that safeguards children from abuse and exploitation, helps
establish monitoring systems that document and track cases of abuse, and
supports rehabilitation and recovery programs for victims.
In the wake of emergencies like the earthquake in Sichuan, China, UNICEF sets
up family tracing systems to register children separated from their parents and
creates protective centers known as “child-friendly spaces.” UNICEF also steps
in to aid children in the crosshairs of conflict, war, or other manmade disasters.
In the Democratic Republic of the Congo and other countries where the use of
sexual violence as a weapon of war has become systematic, UNICEF is pushing
for laws that protect girls and women and is helping survivors heal through
medical treatment, psychosocial counseling, schooling, and job skills training.
Gloria was just twelve when she and her brother were taken from their family home in rural Antioquia, Colombia, and press-
ganged into service as soldiers for an armed group. In conflict zones around the world, forcible recruitment of children by militias
and other armed factions is horrifyingly common, and youngsters who should be going to school and playing with friends find
themselves marching with rifles and fighting for their lives. Frequently, girls like Gloria become the victims of sexual assault
as well. After two years, Gloria was able to escape. But for many child soldiers, freedom does not mean their ordeal has ended;
they are deeply traumatized by all they have seen and endured. UNICEF helps former child soldiers recover with counseling and
job skills training. In Colombia, Gloria was able to enter a UNICEF-supported program that provided her with support from a
psychosocial team as well as a monthly economic stipend, so she could begin to put her life back together.
HIV/AIDS
For more than a quarter-century, the AIDS epidemic has preyed upon young
and old alike, hampering development and shredding the fabric of whole
communities. Though important progress has been made in combating AIDS,
the disease is still just as merciless today — and millions of children remain in
its path. In 2007, an estimated 2.1 million children under the age of fifteen were
living with HIV, and 290,000 died of AIDS. UNICEF and the U.S. Fund have placed
children center stage in the fight against the virus, committing millions of dollars
to prevention, care, and treatment. In 2007, UNICEF delivered medicines and
other HIV/AIDS-related supplies to more than 65 countries.
UNICEF’s efforts — along with those of its many partners — have yielded some
heartening results. At the end of 2007, nearly 500,000 women were able to
receive antiretroviral therapy (ART) to prevent transmission of the virus to their
unborn children — up from 350,000 in 2006. Also last year, 197,000 children were
receiving ART, compared to 127,000 in 2006. Despite these improvements, the
vast majority of those in need of treatment are still not getting it. Meanwhile,
AIDS continues to take hundreds of thousands of young lives each year and to
rob millions of children not only of their parents, but also of teachers, role models,
and future opportunities. Protecting these children is a major UNICEF priority.
In collaboration with governments and communities, UNICEF supports children
affected by AIDS with counseling, nutritious meals, health care, and education.
Education
In India, children who live on the streets or in great poverty now have access
to school, thanks to Mobile Learning Centers — buses specially designed by
UNICEF and equipped with laptop computers, audio-visual equipment, and a
full range of teaching and learning materials. In total in 2007, UNICEF provided
over 12 million students and more than 100,000 teachers with indispensable
educational kits and supplies.
Emergencies
In the last decade, millions of children have died as a result of emergencies, and
countless others have been physically and emotionally damaged by the violence
and chaos of natural and manmade disasters. When it comes to helping children
in emergencies, it’s not just that UNICEF gets there fast — it’s that UNICEF
is there already. With permanent programs in so many countries, UNICEF can
instantly deploy pre-positioned supplies, giving children and their families a
crucial lifeline of aid to see them through the crisis. In Myanmar, where UNICEF
has been working for more than 50 years, field staff began responding to
Cyclone Nargis while the brutal storm was still tearing through the Irrawaddy
Delta. Just over a week later, UNICEF helped survivors of the massive China
earthquake — delivering relief supplies, including 16 tons of tents, 15,000
blankets, and 60,000 school kits.
With an extensive global supply network that reaches more than 150 countries,
UNICEF is uniquely equipped to save and improve children’s lives in every
corner of the globe. And because of its influence and reach, UNICEF is able
to overcome not just physical barriers, but political and cultural ones as well.
Following is a list of regions and countries in which UNICEF works.
The Americas and the Venezuela, Bolivarian Congo, Democratic Sudan Cook Islands
Caribbean Republic of Republic of the Syrian Arab Republic Fiji
Antigua and Barbuda Côte d’Ivoire Tunisia Indonesia
Argentina Eastern and Southern Equatorial Guinea United Arab Emirates Kiribati
Barbados Africa Gabon Yemen Korea, Democratic
Belize Angola Gambia People’s Republic of
Bolivia Botswana Ghana Central and Eastern Lao People’s
Brazil Burundi Guinea Europe and the Democratic Republic
British Virgin Islands Comoros Guinea-Bissau Commonwealth of Malaysia
Chile Eritrea Liberia Independent States Marshall Islands
Colombia Ethiopia Mali Albania Micronesia, Federated
Costa Rica Kenya Mauritania Armenia States of
Cuba Lesotho Niger Azerbaijan Mongolia
Dominica Madagascar Nigeria Belarus Myanmar
Dominican Republic Malawi Sao Tome and Principe Bosnia and Nauru
Ecuador Mozambique Senegal Herzegovina Niue
El Salvador Namibia Sierra Leone Bulgaria Palau
Grenada Rwanda Togo Croatia Papua New Guinea
Guatemala Seychelles Georgia Philippines
Guyana Somalia Middle East and North Kazakhstan Samoa
Haiti South Africa Africa Kyrgystan Solomon Islands
Honduras Swaziland Algeria Macedonia, the former Thailand
Jamaica Tanzania, United Bahrain Yugoslav Republic of Timor-Leste
Mexico Republic of Djibouti Moldova, Republic of Tokelau
Montserrat Uganda Egypt Montenegro Tonga
Nicaragua Zambia Iran, Islamic Romania Tuvalu
Panama Zimbabwe Republic of Russian Federation Vanuatu
Paraguay Iraq Serbia Vietnam
Peru West and Central Africa Jordan Tajikistan
Saint Kitts and Nevis Benin Kuwait Turkey South Asia
Saint Lucia Burkina Faso Lebanon Turkmenistan Afghanistan
Saint Vincent and the Cameroon Libyan Arab Jamahiriya Ukraine Bangladesh
Grenadines Cape Verde Morocco Uzbekistan Bhutan
Suriname Central African Occupied Palestinian India
Trinidad and Tobago Republic Territory East Asia and the Maldives
Turks and Caicos Chad Oman Pacific Nepal
Islands Congo Qatar Cambodia Pakistan
Uruguay Saudi Arabia China Sri Lanka
What follows beginning on this page is a look at some of this year’s creative educational programs, public information
initiatives, and advocacy campaigns that raise awareness about child survival and support UNICEF’s global work. On
pages 25-27, you will find highlights of the year’s fundraising initiatives, which have provided key assistance to UNICEF’s
Sources of Support
lifesaving programs.
The U.S. Fund’s total public support and revenue this year reached nearly $450 million. What follows is a bird’s-eye
We thank all of our donors and partners for helping UNICEF do whatever it takes to save children’s lives all over the world. view of this year’s extraordinary fundraising activities.
For a more extensive roster of U.S. Fund contributors, please refer to the supporter lists that begin on page 30. In
addition, for a comprehensive look at contributions by category and type, please see page 29.
• More than 2,200 volunteers joined the Tap Project (see page 27), contributing an estimated 60,000 hours to recruit
• Pampers’ “One Pack = One Vaccine” international initiative to help protect women and their newborn babies from tetanus
restaurants, promote the campaign in their local communities, and dine at participating restaurants.
was launched in the U.S. and Canada in the spring of 2008 (see page 9 for more information).
• Trick-or-Treat for UNICEF, the U.S. Fund’s flagship fundraising campaign, has raised over $144 million to date in the U.S. One
• The GE Foundation extended its commitment to UNICEF through an additional $700,000 for emergency relief in Darfur.
of the nation’s longest running youth philanthropy programs, it is often a child’s first experience with volunteerism and helping
others. This year’s campaign raised money to help support UNICEF’s global programs with the aid of thousands of children, • U.S. Fund corporate partners once again offered generous product support this year. In particular, Merck provided its medicine
parents, teachers, community and faith-based groups, and corporations around the nation. Mectizan for the treatment of river blindness; it also contributed vaccines to fight a mumps outbreak in Moldova. Pfizer
increased its donations of the antibiotic Zithromax to treat trachoma, a leading cause of preventable blindness.
• Our Office of Public Policy and Advocacy in Washington, D.C., leads a citizens’ campaign every year to help secure the U.S.
Government’s annual contribution to UNICEF. And thanks in part to these dynamic efforts, Congress approved a $129 million • In 2007, American Express unveiled The Members Project®, which brought American Express Cardmembers from across
contribution in fiscal year 2008 — its highest funding recommendation ever for UNICEF. In addition, advocacy activity with the the country together to vote on one project concept they wanted American Express to fund. The winning idea: supply safe
U.S. Coalition for Child Survival and the non-profit grassroots organization RESULTS helped the U.S. Fund secure further drinking water to millions of children in the developing world. UNICEF was selected to bring the idea to life, with a $2 million
congressional funding for bilateral maternal and child health programs. Advocacy collaboration with Rotary International and donation to the U.S. Fund from American Express.
Kiwanis International helped ensure appropriations for polio eradication and iodine deficiency elimination campaigns.
TOTAL SUPPORT AND REVENUE
• The U.S. Fund’s Campus Initiative continues to expand. On over 65 U.S. campuses, club members support UNICEF’s work by FOR FY 2008 BY PROGRAM
conducting panel discussions, fundraising for specific programs, raising awareness of UNICEF’s work, and creating grassroots
Corporations* 73.6%
engagement in support of UNICEF activities.
Individuals 19.9%
• Over 15,000 people are registered as volunteers through the U.S. Fund’s Online Volunteer Center. Volunteers conduct
Foundations 1.4%
fundraisers, organize Halloween parties, host book clubs discussing issues related to child survival, respond to advocacy
alerts, and more.
Trick or Treat 1.2%
for UNICEF
• A first-ever national pilot study group for the U.S. Fund focused on the effectiveness of TeachUNICEF lesson plans in the Greeting Cards 0.9%
classroom. The group consisted of middle and high school students from across the country using lesson plans on the topics
NGOs 0.9%
of child labor, poverty, and the impact of armed conflict. The successful results led to the refinement of lesson plans based on
UNICEF’s annual flagship publication, The State of the World’s Children. Ninety-seven percent of the teachers responded that
Other Public 2.1%
Support
they would likely use the materials in the future, and 65 percent of the students stated that they would take action with the
information they learned. *Includes cash and in-kind support.
• Overall this year, the U.S. Fund received donations, large and small, from more than 500,000 individual contributors. An mothers in Angola, Liberia, Tanzania, and Mozambique benefited from the bed nets provided by MNM’s grant and the
anonymous donor contributed $5 million in unrestricted funds to support UNICEF programs worldwide. This is the largest matching funds. MNM also made a grant of $2 million for programs in Tanzania, and an additional grant of $165,000 for nets
unrestricted gift from an individual to the U.S. Fund in our 60-year history. More than 380 major individual donors contributed and distribution support in Madagascar.
$10,000 or more in fiscal year 2008 — a 10 percent increase from fiscal year 2007. Total giving from this important group of
• For 57 years, millions of children and adults have participated in Trick-or-Treat for UNICEF (TOT), the U.S. Fund for UNICEF’s
supporters increased by $3.4 million — from $14.4 million last year to $17.8 million in fiscal year 2008. In addition, the U.S.
signature campaign. In 2007, thousands of trick-or-treaters, teachers, parents, communities, groups, and corporations helped
Fund received bequest contributions totaling more than $10.5 million.
raise more than $4 million. Key Club International continued to support Trick-or-Treat for UNICEF by raising funds to help
• Individual donors participated in a wide variety of educational events this year. Groups of individual supporters from around the children in Swaziland, and Cartoon Network returned as the national premier sponsor. Procter & Gamble once again served
country traveled to Angola, Brazil, Indonesia, Vietnam, and Rwanda to see UNICEF’s lifesaving work firsthand. Closer to home, as national sponsor, contributing $250,000 and featuring TOT and UNICEF in its P&G brandSAVER™ insert distributed to over
donors participated in a record 67 events nationwide, which took place in 22 cities including Atlanta, Boston, Chicago, Denver, 57 million households nationwide.
Houston, Los Angeles, New York, and Seattle. The events ranged from spectacular galas to in-depth luncheon discussions
• The innovative Tap Project, which asks diners at participating restaurants to pay $1 for the tap water they would normally get
with global leaders and UNICEF staffers from around the world. The U.S. Fund was also proud to host three events for major
for free, expanded last year from a New York pilot program to an exciting national campaign. More than 2,300 restaurants in
donors at its new office space in New York City’s Financial District, including an intimate luncheon with President and CEO
44 states took part in Tap, which raised $555,000 in the U.S. to support UNICEF’s lifesaving water and sanitation programs. In
Caryl M. Stern, who spoke movingly about her recent experiences in Darfur and Vietnam.
New York, more than 500 youths supported Tap by participating in the NYC Water Walk.
• The U.S. Fund website, www.unicefusa.org, was redesigned to expand the functions offered to visitors. The revamped site
• Foundation partnerships remain an important source of support for the U.S. Fund. The Bill & Melinda Gates Foundation
includes new features, personalization options, tools for social bookmarking, and personal fundraising pages. This year, the
provided more than $3.9 million for malaria research and prevention programs as well as humanitarian emergencies in West
website generated more than $11.8 million in online donations.
Africa. American Idol’s Charity Projects Entertainment Fund donated $6 million to support UNICEF child survival and
• The lighting of the UNICEF Snowflakes in New York City and Beverly Hills kicked off yet another wonderful holiday season. education programs in sub-Saharan Africa. The Ford Foundation awarded the U.S. Fund $1 million to aid children in Vietnam
And the celebration continued, with two black-tie galas that collectively raised a total of $4.25 million for UNICEF’s work in living with disabilities. Ford’s generous grant was matched dollar for dollar by U.S. Fund donors, doubling the amount of
the field. This was an exceptional year: Hallmark Cards became the Snowflake Project’s first national sponsor, signing on support for these vulnerable children. Other key supporters included the Richard and Rhoda Goldman Fund, the Kind World
with a $200,000 donation, and Tiffany & Co. supported the New York Snowflake lighting with a donation and cause-marketing Foundation, the Stavros Niarchos Foundation, The ELMA Philanthropies, The Ceil and Michael E. Pulitzer Foundation,
partnership that totaled $150,000, plus in-kind donations. and The Summit Foundation.
• Partnerships with non-governmental organizations yielded significant results this year. Malaria No More (MNM), an • UNICEF greeting cards and products accounted for more than $3.2 million in net revenue this year. Long-term partners Pier 1
organization dedicated to ending malaria deaths, provided $3 million in a challenge grant for insecticide-treated bed nets and Imports and IKEA U.S. once again sold UNICEF holiday greeting cards in their nationwide stores and gave 100 percent of sale
other malaria interventions in Africa. Our donors responded generously, returning more than $3 million. Children and expectant proceeds to the U.S. Fund. For the first time, Barnes & Noble sold UNICEF cards year-round in their stores across the country.
2008 2007
Total Total
Fiscal Year 2007/2008 represented the third year that the U.S. Fund for UNICEF has been engaged
Public Support
in strengthening its internal control documentation and testing intended to address many of the best Contributions
Corporate $17,690,430 $13,535,472
practices essential to maintaining and strengthening effective internal controls and procedures. Major gifts 24,863,900 21,114,971
Foundations 12,703,266 5,022,543
Private volunteer organizations (NGOs) 5,845,014 3,449,374
The financial summary on page 29 represents highlights from the U.S. Fund for UNICEF’s financial Direct marketing 35,262,887 36,502,970
statements, which were audited by KPMG. A complete set of the financial statements, including the Trick-or-Treat for UNICEF 4,174,863 4,511,877
Internet 11,840,634 7,124,246
related notes with auditors’ opinion, is available upon request. This is our first year with KPMG, and we Other 2,145,207 1,920,601
Gifts-in-kind 316,804,231 254,113,460
are confident that our relationship will result in continued improvement in documentation and application Contributed Services 0 2,839,199
Special events income 5,278,145 3,311,621
of solid controls and financial processes.
Bequests and legacies 10,584,613 9,473,531
Total public support 447,193,190 362,919,865
The Audit Committee of the Board of Directors, in concert with U.S. Fund management and its internal
Revenue:
auditor, continues to focus on matters of compliance, accountability, and risk that could affect the Greeting cards revenue, net 3,267,123 3,445,342
Investment income and other income (1,413,872) 5,766,133
internal control systems of the organization. Total revenue 1,853,251 9,211,475
Under the direction of the Audit Committee, U.S. Fund management and the internal auditor have Total public support and revenue 449,046,441 372,131,340
again implemented testing of internal control effectiveness, the findings of which are reported back to
Percent of Total Percent of Total
Support and Revenue Support and Revenue
the Audit Committee on a quarterly basis. In addition, we have applied the same rigor in reviewing our
Expenses:
Information Technology systems. Program services:
Grants to UNICEF and other not-for-profit organizations 393,113,042 88% 317,201,857 85%
Public Information and Advocacy 8,489,146 2% 7,924,330 2%
We believe that the existing internal controls of the U.S. Fund for UNICEF, combined with the Total program services 401,602,188 90% 325,126,187 87%
enhancements we are implementing and our periodic testing, provide reasonable assurance regarding Supporting services:
the reliability of financial reporting and the preparation of financial statements for external purposes in Management and general 12,761,754 3% 11,161,336 3%
Fundraising expenses 29,325,008 6% 27,984,639 8%
accordance with generally accepted accounting principles. Contributed Services - fundraising 0 0% 2,839,199 1%
Total supporting services 42,086,762 9% 41,985,174 11%
Total expenses 443,688,950 99% 367,111,361 99%
Caryl M. Stern Edward G. Lloyd
Change in net assets 5,357,491 1% 5,019,979 1%
President and CEO Executive Vice President of Operations and Net assets at beginning of year 35,748,028 30,728,049
Chief Financial Officer Net assets at end of year $41,105,519 $35,748,028
Note 1
Through the Office of Public Policy and Advocacy in Washington, D.C., the U.S. Unrestricted net assets are used to account for public support that is
Fund for UNICEF acts as an advocate for the well-being of the world’s children. unrestricted in nature. Temporarily restricted net assets are used to
One of the specific functions of the Public Policy Office is to advise both the account for contributions that have donor-imposed restrictions that have
administration and Congress about the importance of the voluntary contributions not been fulfilled either in time or by purpose. Permanently restricted
made to UNICEF by the U.S. Government. The U.S. Fund for UNICEF’s efforts net assets are utilized to account for true endowments, whereby the
in this regard helped to get Congress to direct the U.S. Government to allocate donor has permitted the U.S. Fund for UNICEF to use the income for
$129 million to UNICEF in 2008. This funding is provided directly to UNICEF operations but has prohibited the use of principal. Temporarily restricted
and is not reflected as Revenue in the Summary of Financial Highlights. Related net assets will be used to fund various projects such as the Global
expenses are included in total program services. Mercury Emergency Fund, support for HIV/AIDS, Education, Child
Survival, and the campaign to eliminate Global Malaria.
Note 2
The U.S. Fund for UNICEF has total net assets of $41.1 million that consist of: Note 3
Amount $ This summary was prepared by the U.S. Fund for UNICEF from its
Unrestricted 22,814,076 financial statements, which were audited by KPMG, LLP. The complete
Temporarily Restricted 16,850,614
financial statements, including the related notes and auditor’s report, are
Permanently Restricted 1,440,829
Total $41,105,519 available upon request.