AnnuAl report - Love Without Boundaries

L O V E W I T H O U T B O U N D A R I E S 2 0 1 1 A N N U A L R E P O R T
FINANCIALS
Dear Friends and Supporters of LWB,
With a paused economy in the U.S., a debt crisis in Europe, and tragedies occurring in places like Japan,
the world continued to struggle financially in 2011. While these macroeconomic factors continued
to impact Love Without Boundaries, we are pleased to report that LWB did see moderate growth in
contributions over the year. Total income was up 17% to $1.8 million* for the year ended December 31.
Our balance sheet remains strong with over $900,000 in cash, cash equivalents and marketable securities.
Encouragingly, we continue to expand globally, with donations coming in from over 25 countries.
Part of our success in 2011 was due in part to new and innovative
Love Without Boundaries ways our supporters raised funds. Our team at LWB Spain participated
continues to expand in, and ultimately won, a televised lip sync contest, bringing in
globally, with donations about $14,000 for the foundation. One of our key volunteers won a
coming in from over contest sponsored by Ford, and she raised $15,000 by driving a Ford
Focus 10,000 miles across the country and creating a video. We saw
25 countries.
supporters ask for donations in lieu of their own wedding gifts, and
one special young person sold her stuffed animals to raise funds. LWB
supporters also continued to fundraise through marathons and other races in places like Washington,
D.C., Dublin, Los Angeles, and Philadelphia.
As 2011 remained challenging, the Board of LWB continued to focus on being fiscally prudent to ensure
that appropriate funds were available for both our existing and new programs. While we remain cautious,
we are cautiously optimistic, and understand that the need for our services has never been greater.
As 2012 begins, the LWB Board will continue to seek out new ways to bring in funds to support our
programs.
Copies of LWB’s audited financial statements for 2010 and prior years, as well as LWB’s 990 forms
can be found at http://www.lovewithoutboundaries.com/annual-report. 2011 audited statements will be
posted as soon as they are completed.
On behalf of the Board of Love Without
Boundaries, thank you for your continued
support of the children who benefit from our
programs.
Respectfully,
Chris Ingoldsby, CFA
Board Member/Treasurer
*Financial Statements for 2011 are currently unaudited.
Audited statements are anticipated to be completed
in May and will be posted to our website at that time.
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