GYF Annual Report 2006

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Global Youth Fund

2006 Annual Report

“Tell me and I’ll forget.Show me and I may remember.

Involve me and

I will understand.” ~ Chinese Proverb ~



Message from the Founder

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Plloaso mako nuto uf cakso dodtos

Global Youth Fund’s mission is toinvest in young people’s solutions forour changing planet.

Through global dialogue and peer-

to-peer learning, we help youthidentify and implement the best ideasfor creating positive change.

We act in the belief that the bestway to develop young leaders is to

follow them.





Year in Review: 2006The rst year of Global Youth Fund was devoted to getting the organization properly set up and recognized. Here are the major milestones:

Charity StatusWith help from our law rm, Bull, Housser & Tupper , we applied for charityregistration and was granted charity status in August 2006. This opens thedoor to nancial support from foundations and many corporations.

Funding & SupportOur charity status allowed us to apply and receive two grants from two strong

advocates of youth - The Steve Nash Foundation and the VancouverFoundation . We are grateful to both institutions for being the rst funders ofour young organization.

In addition, we are excited to have the Creative Visions Foundation providescal sponsorship in the U.S. and to have HellerEhrman adopt us as a pro bono client.

Last but not least, we are grateful beyond words to our rst individual donors:Elaine Munro, Amy & Jon Turteltaub, Bruce Johnson, and Brooke Kuhn.

Global Youth Fund s This I BelieveWe launched our very rst program, This I Believe - an international essayproject that promotes global dialogue and peer-to-peer learning among youth.Through word-of-mouth alone, we are receiving essays daily from youngpeople in 25 countries !

Global Youth Fund2006 Annual Report

Heller Ehrman LLP

The Creative VisionsFoundation



Financial Statement

Highlights of 2006 Financials :

Approval of two grants from the Steve NashFoundation ($4,356) and the VancouverFoundation ($7,000)

Individual donations totaling $10,887

Legal fees for incorporation and charityregistration totaling $4,980

Note: Due to limited activities in 2006, nancial statements are not audited.


GLOBAL YOUTH FUNDStatement of Activities (2006)

UnrestrictedTemporarily

Restricted 2006 2005REVENUE, GAINS AND OTHERSUPPORT

Foundation 11,356 11,356CorporationIndividual 1,050 5,672 6,722 4,150Interest and Divident Income 2 2Donations in Kind

Subtotal 1,052 17,028 18,080 4,150

Net Assets released from:Satisfaction of usage restrictionsTotal Revenue, Gains, andOther Support 1,052 17,028 18,080 4,150

EXPENSESProgram Services 0 0 0 0

Supporting ServicesGeneral and Administrative 0 0

Legal 4,995 0 4,995 0Fundraising

Total Expenses 4,995 0 4,995 0

CHANGES IN NET ASSETS -3,943 17,028 13,085 4,150

Net Assets at Beginning of the Year 4,150 0 4,150 0

NET ASSETS AT END OF THE YEAR 207 17,028 17,235 4,150

Lara Honrado, President

TOTAL



Financial Statement (cont.)


GLOBAL YOUTH FUNDStatement of Financial Position (2006)

2006 2005ASSETS

Current AssetsCash and Cash Equivalents 207 4,150Grants Receivable (Note A) 11,356Contributions Receivable (Note B) 5,672Other ReceivablesTotal Current Assets 17,235 4,150

Property and EquipmentOther AssetsLong Term Investments

TOTAL ASSETS 17,235 4,150

LIABILITIES AND ASSETS

Liabilities

Accounts PayableAccrued LiabilitiesOther Liabilities

TOTAL LIABILITIES 0

Net Assets

Unrestricted Undesignated 207 4,150

Temporarily Restricted 17,028Permanently Restricted

TOTAL NET ASSETS 17,235 4,150

TOTAL LIABILITIES AND NET ASSETS 17,235 4,150

Note A : Grants approved but not collected - one from the Steve Nash Foundation, theother from the Vancouver Foundation.

Note B : Individual donations issued but not collected by December 31, 2006.

GLOBAL YOUTH FUNDStatement of Functional Expenses (2006)

ProgramServices

General &Administrative Fundraising

Total 2006Expenses

Total 2005Expenses

EXPENSESLegal 4,995 4,995

TOTAL EXPENSES 0 4,995 0 4,995 0

GLOBAL YOUTH FUND

Statement of Cash Flows (2006)

CASH FLOWS FROM OPERATING ACTIVITIES 2006 2005

Changes in Net Assets 13,085 4,150

Adjustments to Reconcile Change in Net Assets To Net Cash Provided by Operating Activities

Unrealized (Gain)/Loss on InvestmentsRealized (Gain)/Loss on InvestmentsDepreciation and Amortization ExpenseAmortization of Premium on Long Term InvestmentsInvestment Income ReinvestedContributions Received in Kind

(Increase)/Decrease in:Grants Receivable (11,356)Contributions Receivable (5,672)Other ReceivablePrepaid Expenses and Other Assets

(Decrease)/Increase in:Accounts PayableAccrued LiabilitiesOther Liabilities

NET CASH PROVIDED/(USED) BY OPERATING ACTIVITIES (3,943) 4,150

CASH FLOWS FROM INVESTING ACITIVITES

Purchase of long term investmentsPurchase of short term investmentsProceeds from sale of stocks received as contributionsAcquisition of property and equipment

NET CASH PROVIDED/(USED) BY INVESTING ACTIVITIES 0 0

NET INCREASE/(DECREASE) IN CASH (3,943) 4,150

Cash and cash equivalents at Beginning of the Year 4,150 0

CASH AND CASH EQUIVALENTS AT END OF THE YEAR 207 4,150



Looking Forward: 2007The Pilot Year

Global Youth Fund s second year - 2007 - will be its dening moment. We will puttheory into practice and begin work on harnessing the collective wisdom of youth forpositive change.

We will focus our work in the following areas:

Changemakers Leadership ProgramGYF s core program, Changemakers will guide youth in a unique process to designand select their own campaign for global change - one that leads to concrete and

measurable change. Through meaningful dialogue and debate, they will help oneanother explore common challenges and solutions, and set collective priorities. Theprogram will expose youth to a powerful model of leadership for our globalized world.

This I Believe Essay ProjectWith grants from the Steven Nash and Vancouver foundations, GYF will scale up ThisI Believe and engage more youth in the essay project. We will build a new website toallow for more submissions, and launch a podcast to showcase high-qualityrecordings of the best essays.

PartnershipsGYF will forge strong partnerships in the new year with appropriate educationalinstitutions, non-prot organizations, and corporations to advance our mission. Thesepartnerships will be the key to our success - and our future sustainability.

We look forward to reporting back next year!




Global Youth Fund: At A Glance


Long-Term Goal: To engage 100,000 youth annually in GYF s global campaigns

Key Tenets: Peer-to-peer learningCollective wisdom and action

World Headquarters: Vancouver, Canada

Registered Charity In: Canada (81467 9346 RR0001)

Fiscal Sponsorship In: USA - Creative Visions Foundation 501(c)3

Ofces: Vancouver, CanadaLos Angeles, USA

Executive Team: Charles Tsai, Executive DirectorBrendan McKeown, Director of Fundraising

Board of Directors: Amy Eldon, Charles Tsai, Lara Honrado, Marlene Travis,Salimah Ebrahim, Simon Jackson

Legal Counsel: Bull, Housser & Tupper (Canada)HellerEhrman LLP (USA)

Contact: Global Youth Fund502-550 Pacic StreetVancouver, BC V6Z 3G2CANADA

Tel: +1 (604) [email protected]



Acknowledgment

FundersThe Steve Nash FoundationVancouver Foundation

Board of DirectorsAmy EldonSalimah EbrahimLara HonradoSimon JacksonMarlene TravisCharles Tsai

Founding CommitteeJames HagaAfton HalloranToranj KayvanDianna LouieNazmina MohammedHeddy NamSimon Pickup

Arash RahmanianAmber ZirnheltDonors

Elaine MunroAmy & Jon TurteltaubBruce JohnsonBrooke Kuhn

AdvisorsCam SylvesterMarcia GarriesEric Koester (HellerEhrman)Farzad Forooghian

In-Kind DonorsSalesforce FoundationBusiness ObjectsDebbie Riopel

SupportersThe Global Stewardship ProgramHellerEhrman LLPCreative Visions FoundationBorderless ProductionsBC Centre for International Education




Global Youth Fund550 Pacic Street, Suite 502

Vancouver, BC V6Z 3G2CANADA

Tel: +1 (604) 628-1807www.globalyouthfund.org

Documents

GYF Annual Report 2006