2014 YEAR IN REVIEW
Celebrating the Impact of
Corporate and Foundation Par tnerships
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“ Partners like you have enabled World Vision to provide effective, comprehensive help around the world, year after year.”
Richard Stearns President, World Vision U.S. Prior to becoming the president of World Vision U.S. in 1998, Rich Stearns had a corporate career that spanned a variety of industries, including serving as CEO for Parker Brothers Games and Lenox. He holds a bachelor’s degree in neurobiology from Cornell University and an MBA from the Wharton School at the University of Pennsylvania. Driven by a passion to raise awareness for poverty and justice issues, Rich is a prolific writer and speaker who has appeared on CNN, Fox, ABC, and PBS; written for The Wall Street Journal, The Washington Post, The Huffington Post, and other media outlets; and authored four books, including the award-winning The Hole in Our Gospel and Unfinished. Rich and his wife, Reneé, live in Washington state and have five children. 2
A message from the president This past year, the world has been confronted with a multitude of seemingly intractable issues. Conflict in the Central African Republic and South Sudan. Millions of Syrians seeking refuge from war in bordering countries. Minority groups persecuted in Iraq. Violence and unrest in American cities. Can anything be done to solve these complex problems—not to mention the incredibly complex puzzle of poverty? The truth is, we can do something. Real leadership responds to challenges and finds opportunities to make a difference—and corporations that want to make a lasting difference for those in most need are helping to lead the way. World Vision was founded on the belief that every child’s life matters. Today, together with our business partners, our strategy is to help transform the lives of individual children by equipping their whole communities to break the cycle of poverty. World Vision is a proven partner with many other organizations who share our vision to make a tangible impact for children and families. Joining with more than 400 American and U.S.-based companies like yours, we collaborate to apply our partners’ resources and commitment to social responsibility to solving some of the world’s most desperate problems. That support has resulted in significant, life-changing results in the communities where we work.
In 2014, we responded to 80 humanitarian emergencies, including natural disasters, food crises, and conflict— distributing aid from our warehouses around the world to devastated communities. And we worked in thousands of program areas to help families and communities address their unique challenges so that their children can enjoy health, education, and a promising future. These children rely on your generosity. Indeed, while giving to international causes has declined 16 percent in the last five years, partners like you have enabled World Vision to provide effective, comprehensive help around the world, year after year. Through our fiscal responsibility, global reach, integrated development model, and sustainable approach to solving the puzzle of poverty, we multiply the gifts entrusted to us to create lasting transformation for children. Thank you for partnering with World Vision to achieve tangible results that bring life and hope to children and their families, both here at home and around the world.
Richard Stearns President, World Vision U.S.
Our founding 65 years ago was a response to war and tragedy. Today, motivated by God’s love for all, we continue to go where the need is greatest—places like Syria and Iraq—so that those who are suffering the most might experience hope and a full life.
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Your support helped impact millions of lives in 2014 more than
2 million people
received access to safe water CLEAN WATER World Vision is the largest nongovernmental provider of clean water in the developing world, leading the industry with sustainable water sources.
“ World Vision has relied on the generosity of donors and partners for more than 60 years, including corporations, foundations, and individuals. That support is vital to advancing our mission. With your help, World Vision is able to continue to serve the poor and help transform communities across the globe.” —Chris Glynn, Sr. Vice President, Transformational Engagement
†
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Achievements made possible with the support of all World Vision donors around the world. Achievements not marked with this symbol were made possible with the support of World Vision donors in the U.S.
10.7million survivors of 80 humanitarian emergencies were
helped
EMERGENCY AID World Vision assisted millions of disaster survivors, refugees, and internally displaced people following 80 humanitarian emergencies around the world.†
1.7million people
nearly
in the U.S.
received assistance
U.S. PROGRAMS World Vision assisted children and adults in the U.S. through leadership training programs, disaster response, and access to basic necessities such as clothing, food, and school supplies.
4.3 million children received support through sponsorship CHILD SPONSORSHIP World Vision helped provide access to life-changing essentials like food, clean water, basic healthcare, and education for children registered in child sponsorship programs worldwide.â€
Thank you
for making a difference
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2014 Corporate Partnership Highlights more than
28,000 pallets of goods
WERE SHIPPED TO
38
countries
PALLETS OF DONATED PRODUCT Thanks to the generosity of hundreds of companies, World Vision shipped over 28,000 pallets of donated top-quality goods, including medicine, educational materials, personal care supplies, clothing and shoes, building materials, and more to domestic and international programs.
434
American and
U.S.-based companies
partnered with World Vision
WORLD VISION U.S. CORPORATE PARTNERS In 2014 more than 434 American and U.S.-based multinational companies offered financial support, product donations, and the power of their people, their customers, and their brands to support World Vision’s work.
World Vision received more than
$232 million
in gift-in-kind donations
REVENUE FROM GIFT-IN-KIND DONATIONS In fiscal year 2014, gift-in-kind donations to World Vision exceeded $200 million in booked value, and the tangible benefit to our programs was significantly greater. Unless otherwise noted, results and data included in this report reflect giving to World Vision U.S. from corporations, businesses, and corporate foundations in fiscal year 2014 (October 1, 2013 through September 30, 2014). It does not reflect family or other foundation giving to World Vision U.S.
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Corporate partners effect
43,822
43 companies supported
76 teambuilding events
creating
supply kits
EMPLOYEE AND COMMUNITY ENGAGEMENT KIT BUILD EVENTS World Vision’s hands-on philanthropic teambuilding program continued its popularity. More than 40 companies assembled nearly 44,000 supply kits to help people in need.
123 companies contributed more than
$20 million
to support relief, development, and advocacy work
FINANCIAL SUPPORT World Vision’s work around the world was furthered by significant financial donations from 123 companies, including cash grants and workplace giving, and matching gifts.
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Your partnership brings
hope
World Vision is profoundly grateful for each of our corporate partners. Here are just a few of the significant impacts made possible by our strategic collaborations.
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WORLD VISION PARTNERS SINCE 2014
Wrapping the world in warmth MISSION MATCH
HOW THEY ENGAGE
» Culture of Giving Back » Social Responsibility » Community and Global Outreach
» Customer Engagement » Cause-Related Marketing
In a unique collaboration, two corporations in the retail industry have partnered with World Vision to help support its growing Knit for Kids program. Specialty retailer A.C. Moore Arts and Crafts store and Premier Yarns—an international manufacturer and distributor of high-quality yarns—joined forces in the summer of 2014 to offer corporate resources to support World Vision’s efforts to bring warm clothing to children in need. The partnership is helping both companies give back while appealing to their customers’ interests and desire to make a difference. In 2014, Premier Yarns created an entire line of yarn and patterns for Knit for Kids. The yarn is sold at A.C. Moore’s 140 stores in the eastern United States—and proceeds are helping to facilitate the distribution of Knit for Kids items around the world. In addition, A.C. Moore is now a collection center for knitted items, allowing volunteers to save on postage. World Vision’s Knit for Kids program unites thousands of volunteer knitters to fight poverty with knitted items such as blankets, hats, and sweaters. In 2014, more than 77,000 handmade sweaters were distributed to children
» Financial Support
“ We are thrilled with the response so far from our customers and team Both of these mid-sized, members! Our hope is family-owned organizato continue to reach tions recognize the natural kids in need in all the connection between their communities that we customers’ creativity and are serving together.” World Vision’s Knit for —Pepe Piperno, Chairman, Kids program. By aligning A.C. Moore Arts and Crafts their brands with World Vision’s efforts to address the root causes of poverty and giving customers opportunities to make an impact, they are seeing increased customer engagement and return traffic as shoppers bring their handmade items back to the store. in need in the U.S. and around the world.
With an online marketing program in full swing, complete with Instagram contests and Pinterest boards, the duo hopes to collect 100,000 knitted items in the first year of their collaboration with World Vision, to “wrap the world in warmth,” one child at a time.
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WORLD VISION PARTNER SINCE 2005
Improving maternal and child health MISSION MATCH
HOW THEY ENGAGE
» Global Health » Women and Children » Raising Awareness
» Financial Support
A strong funding partner since 2005, the Bill & Melinda Gates Foundation is committed to helping people lead healthy, productive lives. In 2013, the foundation awarded World Vision a $5 million three-year grant creating the MOMENT project, focused on improving the survival and health of mothers and children through advocacy, community mobilization, and education in Kenya, India, Canada, and the United States. In the U.S. and Canada, MOMENT employs World Vision’s advocacy expertise to build champions for maternal, neonatal, and child health among government leadership, and encourage the U.S. and Canadian governments to maintain robust global health funding commitments. In the developing world, MOMENT is deploying one of the most cost-effective investments a country can make for its future—healthy timing and spacing of pregnancy/family planning (HTSP/FP)—to stem the tide of preventable illness and death. HTSP has been shown to improve child survival and women’s health, prevent unintended pregnancies, and reduce child and maternal morbidity and mortality.
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To increase women’s access to high-quality, voluntary FP services in Kenya and India, MOMENT is working through World Vision’s social accountability initiative Citizen Voice and Action. This initiative uses community-led meetings and mobilizes local networks, where communities have ownership of their program, and leaders are trained to the social and structural barriers that might hinder participants from adopting new practices. In Kenya, MOMENT efforts have reached approximately 120,000 people, including nearly 18,000 women and children under the age of two. In India, MOMENT has had an even broader impact, reaching 300,000 people and serving approximately 32,440 women and 13,750 children under the age of two. Bringing its advocacy and effective community mobilization work together with the support of the Bill & Melinda Gates Foundation, World Vision anticipates marked progress toward saving the lives of mothers and children in Kenya and India by the completion of the program.
WORLD VISION PARTNER SINCE 2004
Providing clean water on two continents MISSION MATCH
» Clean Water and Sanitation » Passion for Education
HOW THEY ENGAGE
» Raising Awareness » Global Outreach
The Coca-Cola Bottling Company of North Texas initiated a strong partnership with World Vision in 2004 with the provision of startup funds for a community outreach facility in Dallas, Texas. Since then, the collaboration with Coca-Cola has expanded globally to include two major water initiatives in India and Africa. This partnership combines Coca-Cola’s expertise and resources with World Vision’s size, scale, and proven success in water and sanitation work to help create stronger communities, better schools, and sustainable supplies of water in areas where Coca-Cola is invested. Coca-Cola India selected World Vision as one of the core partners to help implement its Support My School program, which is revitalizing hundreds of schools in India with clean, gender-separated toilets and access to water— promoting the health and dignity of nearly 100,000 students and improving school attendance rates, especially among girls. The Coca-Cola Africa Foundation is also partnering with World Vision on a comprehensive project called Replenish Africa Initiative (RAIN), which aims to improve access to clean water for 2 million people in Africa by 2015. World Vision, one of several RAIN partners, is utilizing its integrated development model and effective water and sanitation delivery systems to drill new borehole wells in
» Financial Support
rural areas, rehabilitate urban water points, build latrines, and train community members in safe hygiene practices. Together, these activities are reducing the incidence of water-related diseases, freeing children—especially girls—to go to school instead of trekking long distances for dirty water, and enabling parents to invest more time in income-generating activities. RAIN initiatives developed between Coca-Cola and World Vision are empowering more than 50,000 people in Ethiopia, Kenya, Tanzania, and Mauritania to protect their health and livelihoods. Altogether, nearly half a million people in Africa will benefit directly or indirectly from Coca-Cola and World Vision’s joint efforts, thanks to improved access to safe water and the establishment of legal protections that will control water price speculation. Coca-Cola and World Vision have built a robust partnership through their ongoing work in India and Africa. In the coming year, the partnership is poised to expand in many other countries around the globe, focusing on the integration of multiple sectors: water, economic development, education, and health, plus advocacy initiatives. This strategic collaboration is bringing long-term, sustainable transformation to areas of great need around the world.
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WORLD VISION PARTNER SINCE 2014
Building up women’s spirits with a groundswell of support MISSION MATCH
» Culture of Giving Back » Teambuilding
HOW THEY ENGAGE
» Women’s Empowerment » Community Outreach
Thirty-One Gifts—a leading direct-selling company in the U.S. focused on personalized totes, purses, home organization solutions, and more—takes community service to heart, particularly on behalf of women and girls. The fastest-growing woman-owned company in the world, Thirty-One Gifts is a faith-based company whose mission is to empower women by giving them the opportunity to own their own businesses. The organization’s charitable program, Thirty-One Gives, began partnering with World Vision in spring of 2014 by donating cosmetic bags embroidered with the word “Hope” and hosting a kit-assembling event at its leadership meeting. There, 180 consultants filled the bags with essential hygiene supplies, assembling 715 Hope Kits to support girls and women in distressed situations. The event built camaraderie—consultants danced as they worked to make a difference for other women, a key commitment of both Thirty-One and World Vision. Thirty-One immediately scheduled a second, larger event at its national sales conference in July, where senior consultants assembled more than 7,000 Hope Kits filled with items such as a toothbrush, shampoo, a hairbrush, and soap, as well as a note of encouragement for the woman receiving the kit. These kit-assembling events leveraged consultant enthusiasm and product donations to put Thirty-One’s values into
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» Kit Assembly Events » Cause-Related Marketing » Product Donation
action—ensuring that women in need will receive support and a boost to their self-esteem, thanks to World Vision’s programs and ongoing presence in communities.
“In our first year of partnership with World Vision, we were thrilled to engage our Thirty-One family to bless thousands of women across the U.S. with essential hygiene items, but more importantly, with hope, encouragement, and a boost of self-confidence.”
And just after Thanksgiving, Thirty-One was World Vision’s featured partner for Giving Tuesday, matching each of the first —Cindy Monroe, 3,100 donations made to Founder, President, and World Vision with the CEO, Thirty-One Gifts donation of a Hope Kit to a woman in need in the U.S. Altogether, Thirty-One has assembled more than 10,000 Hope Kits with its leaders, consultants, husbands of Thirty-One, and staff. In addition, it has generously donated 200,000 cosmetic bags to give other groups across America the opportunity to assemble Hope Kits for women in need in their own communities. This donation alone is valued at $7.6 million. With plans to complete thousands more Hope Kits at this year’s spring and summer meetings, Thirty-One is excited to be partnering with World Vision to achieve its goal to offer support and hope to even more girls and women.
WORLD VISION PARTNER SINCE 2005
Empowering women and fueling improved production MISSION MATCH
HOW THEY ENGAGE
» Women’s Empowerment » Social Responsibility » Raising Awareness
» Financial Support
Walmart and the Walmart Foundation have been dedicated to empowering women for many years, using their size and scale to make a positive impact for women across their global supply chain. As part of the Global Women’s Economic Empowerment initiative, in 2013, the Walmart Foundation selected World Vision to implement its Women in Factories (WIF) training program in El Salvador and Honduras, capitalizing on World Vision’s global reach and dedicated presence in communities in both countries to facilitate Walmart’s positive investment in the region. The WIF program involves direct collaboration with factories to prepare women for and support them in leadership roles, while also helping them to improve their quality of life and their careers. It also engages local stakeholders in the development of the program curriculum to carry out training sessions in factories, creating constructive space for conversation and ultimately strengthening the manufacturing industry as a whole. By the end of 2014, a total of 37 factories in El Salvador and Honduras were participating in the program, with 24,228 factory workers enrolled. The result has been newfound confidence as women learn they have a voice at work and at home, leading to greater productivity, career readiness, and the ability to contribute even more to their families and communities.
Factories have reported tangible improvements such as more transparency in the workplace and an increase in employees’ willingness to communicate their questions, struggles, and successes to their managers. Individuals are also attesting to the success of the program. “I liked and practiced the problem-solving methodology, assertive communication, and health practices that I learned in the training,” says Santos Adalinda Cruz, who completed the foundational program sessions. “I feel I have changed my attitude toward others and toward my work.” And the benefits aren’t just in the workplace. “I’ve had more assertiveness,” says Marisol Sabillon. “I have a better communication with my husband and children. [This] was something that did not happen before.” Through the WIF program, World Vision, Walmart, and the Walmart Foundation have facilitated quantifiable change that will improve the lives of 30,000 beneficiaries and their families and communities. This partnership leverages Walmart and the Walmart Foundation’s expertise and passionate employees together with World Vision’s expertise in gender equity and education and its ability to engage with local communities.
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Corporate Partner Impact Story
“ World Vision does their work in a responsible and transparent manner, ensuring that the product makes it into the right hands. Our partnership further promotes our Social Responsibility initiatives as a company, and we look forward to making these donations for years to come.” —Shane P. Berry, Vice President, Asset Protection, Abercrombie & Fitch
Bringing help and hope In the northern part of Malawi, farmers in Wovwe, a rural World Vision program area, put in long hours growing rice, maize, cassava, and bananas, and raising livestock. Before World Vision began working there, many of the children in this impoverished area were malnourished and at high risk of dying from preventable diseases like malaria. The region has also been affected by HIV and AIDS. Floods and drought often plague Wovwe as well, which can make it difficult for farmers to earn enough income to feed, clothe, and send their children to school. And during the rainy season, from November to April, the temperature is cooler, especially at night. But thanks to corporate partners like Abercrombie & Fitch, life has changed for the better in Wovwe. One day last year during the cooler season, with the sky a bright, clear blue, trucks piled high with boxes pulled into the community—boxes filled with sweatshirts and jackets donated by Abercrombie & Fitch. Pulling on the jackets and other items in the shade of the 14
mango trees, children and adults smiled broadly, hardly able to contain their joy and thankfulness for the donation of clothing. One woman raised her hands in happiness. Another group of people clapped and sang. Many of the recipients were very young children or older adults who are more vulnerable to the cold. One beneficiary, Estelle Harawa, said she was excited to receive her gift because she had been looking for something warm and comfortable to wear when it gets cold, especially at night. “This is a timely gift, and I am very grateful,” she said. World Vision is thankful for the generosity of our corporate partners like Abercrombie & Fitch, who are providing high-quality, warm clothing that would otherwise be difficult for families to afford, and are helping children and their parents thrive. Through a partnership with World Vision, your donations are making a powerful impact, transforming the lives of thousands of people in need around the world.
2014 Media Highlights
EXCERPTS FROM PRESS RELEASES
Federal Way, WA (January 7, 2014)
World Vision is partnering with Premier Yarns, an international manufacturer and distributor of high-quality yarns, to improve the lives of children around the world through World Vision’s Knit for Kids program. With this partnership, Premier Yarns is providing yarn customers an opportunity to help children around the world with their passion for knitting. The partners have a goal of collecting 100,000 handmade knitted items in 2014.
San José, Costa Rica/Ft. Lauderdale, FL (February 27, 2014)
Microsoft Corporation has donated over $10 million in software to World Vision … which will improve how the organization works to benefit the quality of life of 2,114,987 people living in 10,000 communities, in 14 countries where World Vision is present in Latin America and the Caribbean. The donation will empower and transform the way the staff works within World Vision in the region by improving communication, collaboration and connectivity with children living in faraway rural communities.
Seattle, WA (March 4, 2014)
The partnership between World Vision and Procter and Gamble (P&G) has resulted in 1 billion liters of clean drinking water shared with more than 6.5 million people in need around the world. A family at a World Vision program in Gberami, Ghana, received the billionth liter from the partnership. … More than 100 million P&G Purifier of Water packets have been given to families throughout World Vision communities in 34 countries.
Seattle, WA (November 13, 2013)
Royal Caribbean has committed to donate $250K to World Vision’s disaster response in the Philippines, as part of an overall commitment of $1M in Philippines support. Since the storm [Typhoon Haiyan], Royal Caribbean has taken steps to help crew members onboard all of its cruise brands’ ships attempt to communicate with relatives in the Philippines. Company executives also held a special meeting Monday morning with more than 200 Filipino crew members aboard Vision of the Seas, which was docked near the company’s headquarters in Miami, to let them know that more would be done, including matching contributions from employees dollar-for-dollar.
Press releases reflect World Vision’s fiscal year 2014 (October 1, 2013 through September 30, 2014).
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STORIES IN THE NEWS
Manufacturers and World Vision rally to fight Ebola in Africa The Wall Street Journal (Accra, Ghana and Chicago, November 24, 2014), USA Today (October 9, 2014)
Walmart Foundation gives big bump to its Women in Factories program Inside Philanthropy (November 15, 2014)
As the Ebola crisis intensified in West Africa, World Vision and partners responded to pleas for help from disease-stricken countries, providing scarce protective suits and gloves, as well as education efforts to help contain the spread of infection.
The Walmart Foundation announced that it is upping its total investment for its Women in Factories program to $10 million over five years. The training program, which officially rolled out in 2012, aims to help 60,000 factory working women in India, Bangladesh, China, El Salvador, and Honduras.
Water gets cleaner through World Vision partners Reuters.com (May 21, 2014) Over seven billion litres of clean drinking water have been provided by World Vision and other humanitarian organizations using P&G water purification packets, helping to save an estimated 39,000 lives in more than 75 countries.
No. 78 will feature World Vision at Kentucky Speedway
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NASCAR.com (June 23, 2014)
Scarce gloves help the Ebola-stricken
Furniture Row Racing supports World Vision by wrapping the No. 78 car of driver Martin Truex Jr. in World Vision colors to create awareness for the organization.
San Francisco Business Times (September 18, 2014) McKesson Corp. sent 4 million pairs of latex gloves to humanitarian partner World Vision in Sierra Leone, one of the nations hardest hit by Ebola.
SOCIAL MEDIA HIGHLIGHTS
World Vision USA
@WorldVisionUSA
World Vision USA
World Vision USA
1,032,437 Likes
343,000 Followers
5,524 Followers
4,274 Followers
WORLD VISION ON FACEBOOK
Post featuring World Vision’s partnership with Furniture Row and NASCAR Post featuring World Vision’s partnership with A.C. Moore and Premier Yarns
Post featuring World Vision’s partnership with P&G
WORLD VISION ON TWITTER
World Vision USA @WorldVisionUSA Thanks @Isaiah_Thomas2 for visiting Boze Elementary in Tacoma with @FirstBook and encouraging kids to read!
World Vision USA @WorldVisionUSA @ThirtyOne founder @CindyMMonroe builds Hope Kit for World Vision for #GivingTuesday!
World Vision USA @WorldVisionUSA Unveiled! The No. 78 @FR78Racing car with our logo for Sat! Be the 78th to Tweet us w/ #WorldVisionRacing and win!
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Endorsements
“As a social business, Camano Island Management searched for a global not-for-profit partner whose mission aligned with our business model—to serve the people in developing nations and in the U.S. We found that partner in World Vision. We are proud to be associated with an organization that understands the needs of a for-profit business and finds ways to connect their work to create opportunities to help our business grow and to provide greater assistance to the recipients of their services in 100 countries throughout our world.” —Jeff Ericson, Founder, Camano Island Management
“NASCAR fans are the heart and soul of the sport and their values around faith, family, and community are parallel to World Vision core values. In 2014, World Vision began sharing its stories with 30 million avid fans. What a great way to have Furniture Row Racing bring to life the World Vision story both on and off the track. The opportunity is real for World Vision to find their next long-term supporters, and the iconic orange will help keep World Vision top of mind with fans.” —Lars Ranger, Director, E Group
“Here at Denver Mattress, we believe that a better tomorrow starts tonight. As part of Furniture Row, we’re all committed to helping people create a world they love. By partnering with World Vision, we can help make a real and lasting difference in the lives of children, families, and communities. Knowing they will enjoy better tomorrows is incredibly humbling.” —Dan Visser, President, Denver Mattress Company
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“We at Kohler have consistently been impressed by World Vision’s distribution methods and their professionalism as they work alongside communities in need. We rely on them to help us as we look to support the most underserved areas in the U.S.” —Jim Gretina, Director of Field Sales, Kohler
2014 Financial Highlights » r evenue sources (in millions) private cash contributions public grants (food and cash) gifts-in-kind other income, net total revenue
2012 2013 2014
» net assets (in millions)
$567 $599 $600 175 179 195 259 196 232 18 8 11
total net assets: $143
$1,019
$982 $1,038
»o perating expenses (in millions) 2012 2013 2014 total program services fundraising management & general total operating expenses
» revenue sources
22%
$1,062 $971 $1,026
» operating expenses
58% private cash contributions 22% gifts-in-kind 19% public grants 1% other income, net
19%
$902 $805 $869 107 114 107 53 52 50
85% programs 10% fundraising 5% management & general
10% 1%
5%
$72 temporarily restricted $63 unrestricted $8 permanently restricted
World Vision’s objective for financial liquidity and reserves $8 is to operate in a prudent range of stability, while recognizing $63 the imperative of distributing $72 maximum funds to mission as quickly as possible. World Vision U.S. remains financially strong, with sufficient liquid assets to discharge ongoing program commitments and other obligations. Most of our shortterm investments are held in liquid marketable securities. Our investment strategy for long-term assets (primarily pensions, donor advised funds, and endowments) would generally be considered a conservative one.
» revenue and overhead trends (in millions) Total revenue for the organization grew by 6% during the year. While private cash donations grew slightly to $600 million, public grant donations increased by 9% and gift-in-kind revenue rose 18%. $1,200 $1,000
$1,041
$1,058
$1,019
$982
$1,038
$151
$152
$160
$166
$157
2010
2011
2012
2013
2014
Total revenue
$800
58%
$600
85%
$400 $200
In 2014, 85 percent of World Vision’s total operating expenses were used for programs that benefit children, families, and communities in need.
$0
Total overhead (fundraising, management, and general)
» overhead rate (percent of total revenue) » program services (in millions) total program services: $869
Fundraising, management, and general expenses (sometimes called overhead) decreased by 5% in 2014. Our overhead rate (overhead expenses as a percent of total revenue) decreased from 17.0% to 15.1%. 20%
international programs $794 domestic programs (U.S.) 70 public awareness and education 5
10% 0%
14.5%
14.4%
15.7%
17.0%
15.1%
2010
2011
2012
2013
2014
View our Consolidated Financial Statements online at worldvision.org/ar. 19
2014 WORLD VISION U.S. OFFICERS Rich Stearns : : President Larry Probus : : Chief Financial Officer and Sr. Vice President, Strategic Solutions Joan Mussa : : Sr. Vice President, Mobilization Julie Regnier : : Sr. Vice President, Human Resources Chris Glynn : : Sr. Vice President, Transformational Engagement Kent Hill : : Sr. Vice President, International Programs
For more information, please contact your World Vision representative. World Vision Corporate Engagement P.O. Box 9716 34834 Weyerhaeuser Way S. Federal Way, WA 98063-9716
1.866.850.HOPE (4673) worldvision.org/corp blog.worldvision.org facebook.com/worldvision
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TE147854_0315 Š 2015 World Vision, Inc.
World Vision is a Christian humanitarian organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice. World Vision serves all people, regardless of religion, race, ethnicity, or gender.