investing in opportunity - Global Partnerships

investing in opportunity - Global Partnerships

INVESTING IN OPPORTUNITY 2017 ANNUAL REPORT A bc c Seattle Current GP investment Current GP officeGP Investment GP office ABOUT GLOBAL PARTNERSH...

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A bc c


Current GP investment Current GP officeGP Investment GP office

ABOUT GLOBAL PARTNERSHIPS Haiti Dominican Republic Honduras Guatemala Nicaragua El Salvador Colombia Panama

Global Partnerships (GP) is an impact-led investor whose mission is to expand opportunity for people living in poverty. GP’s portfolio spans Latin America, the Caribbean, and sub-Saharan Africa, with field offices in Managua, Nicaragua and Nairobi, Kenya and headquarters in Seattle, WA.




Kenya Tanzania

Peru Bolivia Paraguay

GP is guided by the belief that with access to the right tools, resources, and information, people have the power to earn a living and improve their lives.



Impact Investments

Social Enterprise Partners


High-Impact Products and Services

“Friendship Bridge is a stronger and better organization because of our relationship with Global Partnerships. We first reached out to GP to learn from their success in serving people who live in poverty in a sustainable way. They shared their learnings, best practices, and knowledge. They became one of our first institutional debt lenders and recently helped us launch our health services program. As a result of our partnership with GP, today we serve over 20,000 women in Guatemala like Doña Yolanda.” Karen Larson President & CEO Friendship Bridge


People in poverty empowered to earn a living and improve their lives


This year, I’m pleased to report outstanding social impact and strong results. It was a year of broader opportunity, sound Fund performance, and innovation in how impact-led capital can be used to make a difference. Most importantly, our investing brought meaningful opportunity into the lives of more than 2 million people. GP’s work continues to be rooted in a holistic understanding of the needs of people living in poverty, and a belief that market-based approaches have an essential role to play in bringing opportunity to those we serve. GP now invests across 13 different initiatives – from solar lights to women-centered finance with education, from home improvement finance to health clinics. Each initiative represents a different kind of opportunity for people living in poverty, empowering them to earn a living, provide for their families and improve their lives. By the numbers, GP invested $36 million this fiscal year, bringing cumulative impact investments to $252 million. As of June 30, 2017, GP had active investments with 59 partners in 16 developing countries. Most importantly, this year, GP’s investments resulted in 2.4 million lives impacted, the highest level of social impact we have achieved in a single year. GP’s Social Investment Funds continue to perform. Social Investment Fund 5.0, a $50 million debt fund, is fully deployed across Latin America and the Caribbean. Social Investment Fund 6.0 has $32 million invested, toward its goal of $75 million, including partners in Kenya, Uganda, and Tanzania. GP has a significant and growing presence in sub-Saharan Africa. In July 2016, GP launched its seventh impact-led fund,

the Social Venture Fund (SVF). Unlike GP’s debt funds, which use loans to support established social enterprises that serve the poor, the SVF focuses on bridging the pioneer gap. It helps startup social entrepreneurs attract seed and early stage capital, along with the advisory and Board level support they need, so they can innovate and grow, ultimately bringing essential goods and services to millions of people. The SVF has made seed and early stage investments in five social enterprises, and each is making progress against its respective business plan. These social enterprises offer fuel efficient cookstoves, basic sanitation in urban slums, affordable primary care to poor Kenyan families, digital study materials to children with limited access to books and teachers, and valuable information on crops and inputs to subsistence farmers. In this first year of operation, the SVF has already delivered social impact to more than 500,000 lives, toward a goal of 5 million. All of GP’s work is made possible by the dedication and commitment of our team, partners, investors, and philanthropic supporters. Collectively, we’re making a difference. With gratitude,

Rick Beckett President & CEO Global Partnerships


Our Social Impact This Year From July 1, 2016 to June 30, 2017

2.4 million lives impacted

$36 million in impact investments


83% of our partners’ clients are women and

impact investments made Partnered with 17 new social enterprises and expanded to 3 new countries: Panama, Tanzania and Uganda

74% of clients live in rural areas (as of June 30, 2017)

Our Track Record From inception to June 30, 2017


6.8 million


lives impacted


in impact investments



160 $133MM

120 $98MM


social enterprise partners




countries reached






$252 million impact investments made


$70MM $49MM $32MM

40 $23MM







0 2006













As an impact-led investor, Global Partnerships invests in social enterprise partners through a growing number of investment initiatives. Each initiative represents an opportunity for households to tackle various dimensions of poverty.

Our partners use our capital to deliver high-impact products and services which empower people to earn a living and improve their lives. This fiscal year, our impact-led capital was active across 59 partners who are on the ground in 16 countries.


Women-Centered Finance with Education

Solar Lights

Health Clinic Services

Women-Centered Finance with Health

Smallholder Farmer Market Access

Rural-Centered Finance with Education

Home Improvement Finance

Smallholder Farmer Inputs Cookstoves

Urban Sanitation

Digital Study Materials

Essential Medicines

Artisan Market Access


BOLIVIA CRECER IDEPRO ProMujer, Bolivia Sembrar Sartawi

COLOMBIA Amanecer ECLOF Colombia


GUATEMALA CDRO FECCEG Friendship Bridge FUNDEA PROFASA SHARE Vision Fund, Guatemala KENYA Arifu* ECLOF Kenya Eneza Education* Juhudi Kilimo KWMB PayGo Energy* Penda Health* Sanergy* Sollatek HAITI Fonkoze

HONDURAS ADEPES IDH Vision Fund, Honduras MEXICO Cesmach Conserva Pro Mujer, Mexico SOFIPA VisionFund, Mexico

NICARAGUA Aldea Global COPROEXNIC FDL FUNDENUSE MiCrédito Pro Mujer, Nicaragua PANAMA Procaja

PARAGUAY Arasy Bioexport

PERU ADRA Alternativa (Peru) APROCASSI CenfroCafe Coop Sol y Café Norandino Pro Mujer, Peru TANZANIA FINCA Tanzania BRAC Tanzania UGANDA BRAC Uganda Fenix NuCafe

GLOBAL Greenlight Planet

Initiatives and partners as of June 30, 2017 *Social Venture Fund partner: Seed stage investments to help launch early stage social enterprises in East Africa.

Social Impact WOMEN-CENTERED FINANCE WITH HEALTH An estimated 1.3 billion people worldwide do not have access to effective and affordable health services. This lack of access and burden of disease continue to be shouldered disproportionately by women. We invest in microfinance institutions that deliver basic health services and education, combined with credit and savings, to improve the health and economic position of women and their families.

SOLAR LIGHTS Roughly 1.2 billion people worldwide do not have access to electricity. They spend an estimated $27 billion annually on dangerous alternatives such as kerosene lamps, candles and batteries. We invest in manufacturers and distributors of quality, low cost solar lights and home systems. These affordable solutions improve the economic position and quality of life of households living beyond the grid.

RURAL-CENTERED FINANCE WITH EDUCATION An estimated 2 billion adults lack access to formal financial services. 58 percent of the world’s rural population does not have access to any sort of financial services account. We invest in financial institutions that deliver credit and tailored business education to improve the livelihoods and well-being of rural households.

179,568 Lives Impacted $7,625,462 New Impact Investments 13 Partners

[New Partner: ASEI]

87% Women Clients

1,339,235 Lives Impacted $3,000,000 New Impact Investments 4 Partners

[New Partner: Fenix]

139,355 Lives Impacted $9,925,000 New Impact Investments 18 Partners

[New Partners: Adepes, ECLOF Colombia, ECLOF Kenya, FINCA Tanzania]

68% Rural Clients

Results from July 1, 2016 to June 30, 2017 7

Women-Centered Finance with Education Lourdes grew up in Lima Peru, but moved to Ecuador as a young adult to build her future. She met her partner and started a family. When her partner grew violent, she left with her two young sons and returned to Lima to live with her mother. Lourdes left behind everything that she and her sons owned to build a new life together. She started working as a day laborer in Lima, but her wages barely covered food for her family and transportation to and from work. Lourdes knew she could earn a better living, sewing and selling clothes. But she could not save money needed to buy materials and still cover her family’s basic living expenses. She sought a loan from the local bank, but they turned her away. She didn’t have the required documents, collateral and credit history to qualify for a loan. Lourdes learned of the village bank model from a woman in her community who had joined a lending group led by our partner Alternativa. Lourdes was invited to join the group. She secured a $100 loan to buy fabric and sewing materials to start making clothing. Four years later, she is now earning almost $12,000 per year. Through multiple loans and the solidarity of her village bank group, today Lourdes is using her income to grow her business and build a permanent home for her family.

“Women always look for ways to go forward. I say, ‘Wow!’ How did I do this? I thought I wouldn’t be able to.” GP’s Women-Centered Finance with Education investment initiative invests in partners like Alternativa who not only provide financial services through the village bank model, they also provide business education and life skills. These empower clients like Lourdes to make the most of their loans and savings. Alternativa manages hundreds of village banks in the hillside slums around Lima. Thousands of women like Lourdes learn how to start a business, grow their income and save money, and most importantly, they are empowered to pursue their dreams. Today, Lourdes shares a workshop and living space in her mother’s home. Her father worked in construction, and he taught her how to build. She is very proud to be building her own home next door, with “my own two hands,” she says. Her goals are to finish her home, run her business and care for her sons. PARTNER PROFILE:

Alternativa Country Reached: Peru

Number of Clients: 4,181

Year Founded: 2001

Social Impact WOMEN-CENTERED FINANCE WITH EDUCATION An estimated 2 billion adults lack access to formal financial services. The unbanked are disproportionately female, with 42 percent of women worldwide living without access to a bank account. This is our largest initiative. We invest in microfinance institutions that deliver credit and savings alongside education. This empowers women living in poverty to improve their economic resilience.



363,983 Lives Impacted $7,425,000 New Impact Investments 23 Partners

[New Partners: ASEI, BRAC Tanzania, BRAC Uganda, ECLOF Dominican Republic, VisionFund Guatemala]

93% Women Clients

95 Lives Impacted

Low income households regularly spend a large portion of their time and income buying and transporting harmful cooking fuels such as kerosene and charcoal. Each year, 4.3 million people die from inhaling indoor air pollution, adding up to more deaths than malaria, tuberculosis and AIDS combined. We invest in manufacturers and distributors of affordable, fuel-efficient cookstoves to improve household health and reduce fuel expenses.

$100,000 New Impact Investments


23,415 Lives Impacted

1.3 billion people lack access to effective & affordable health services. Women and their families are often forced to go untreated or rely on poor-quality care from unqualified providers, resulting in distrust, increased costs, complications and, all too often, death. We improve the health and economic position of households living in poverty by investing in primary and specialty care clinics that provide high quality, low cost health services.

1 Partner

[New Partner: PayGo Energy]

$410,000 New Impact Investments 2 Partners

[New Partner: Penda Health]

13 Total Clinics in Operation Results from July 1, 2016 to June 30, 2017 9

Smallholder Farmer Market Access Francisco is an organic sesame farmer in the Leon department of Nicaragua. Smallholder farming is a demanding and unstable livelihood full of long days of manual labor and long seasons working towards a harvest. Francisco struggled to make ends meet, with small margins of profit on his crops. Our partner, Coproexnic, encouraged Francisco to convert his farm to organic so that he could sell his crops for higher prices. Many of the farmers near him have not converted their farms to organic because it is more time consuming to cultivate with natural pest control and manually cut out weeds. Organic farming is harder, as Francisco says, but he credits Coproexnic with guiding him through every step of the transition. They even helped him earn his organic certification. Coproexnic provides international market access to smallholder farmers in Nicaragua who grow sesame, peanuts and other crops. They also partner with six small cooperatives that provide financing and technical assistance to these smallholder farmers.

Global Partnerships invested in Coproexnic as part of our Smallholder Farmer Market Access investment initiative. Our investments in this initiative aim to connect farmers like Francisco to larger organizations that will equip them with the economic resources and knowledge they need to thrive. With Coproexnic, Francisco’s organic sesame can now be found in tahini products sold in supermarkets throughout the United States. Francisco has become an ambassador for organic farming in his community. He is proud to be blazing a trail for other farmers to adopt organic farming practices. PARTNER PROFILE:

Coproexnic Country Reached: Nicaragua

Number of Clients: 420

Year Founded: 2001

Social Impact SMALLHOLDER FARMER MARKET ACCESS Smallholder agriculture is the predominant form of farming in the developing world. Smallholder farming is often characterized by lack of access to markets, fair prices and quality agronomic technical assistance. To improve the economic position of smallholder farmers and their families, we invest in agricultural businesses that provide them with market access and technical assistance.



Worldwide, 2.5 billion people lack access to hygienic sanitation. Inadequate and unhygienic sanitation is the second largest cause of disease in the world. We aim to improve the health and economic position of urban and peri-urban households through our investments in sustainable waste value chains, including sanitary toilets with waste management services.



There are an estimated 500 million smallholder farmers in the world. Limited access to quality agricultural inputs and information hinders smallholder production and income. We aim to increase incomes and food security of smallholder farmer families by investing in organizations who deliver affordable, high-impact inputs, such as improved seeds, alongside technical assistance including via cell phone.

32,383 Lives Impacted $6,265,762 New Impact Investments 10 Partners

[New Partner: NuCafe]

100% Rural Clients

51,108 Lives Impacted $445,000 New Impact Investments 1 Partner

[New Partner: Sanergy]

5,348 Lives Impacted $100,000 New Impact Investments 1 Partner

[New Partner: Arifu]

Results from July 1, 2016 to June 30, 2017


Digital Study Materials Imelda is a primary school student in Kenya. She lives with her mother Jane Wanjiku, who works hard to care for her daughter. Imelda loves learning. But Imelda was failing her classes because her mother could not afford textbooks and Imelda did not have enough opportunity for feedback from her teachers during class. There are not enough teachers to adequately serve the needs of students, particularly in remote areas in Kenya, where the student-to-teacher ratios can reach 100 to 1. The challenge is greater for impoverished households, as textbooks and other learning materials can be prohibitively expensive. As a result, almost half of Kenyan primary-age students are not enrolled in school. To address some of these challenges, GP launched a new initiative this year – Digital Study Materials – and invested in Eneza Education as our first partner. Eneza’s products act as a digital tutor to supplement the shortfall of teachers and study materials. Eneza puts educational content that mirrors national curriculums into the hands of every student across Africa. Imelda’s teacher told her about Eneza’s service. Jane noticed Imelda was constantly borrowing her cell phone. Jane was concerned she was playing mobile games. “She told me she was studying,” Jane said. Imelda was using Eneza’s service to read digital study guides, take SMS-based tests and even

send questions to a network of teachers who provided her with individualized feedback. Today, Imelda accesses an average of 50 Eneza lessons daily during school days and three times that during the holidays. Her love of learning is so active that her mother was able to purchase her a separate mobile phone to support her learning. Imelda’s grades have improved dramatically. At her end of year exams, Imelda earned the highest score in her class. She is thinking about becoming an accountant or journalist when she grows up. Imelda is one of more than a million students who use Eneza’s platform. Eneza users have experienced a 23 percent improvement in learning outcomes. Eneza began in Kenya and expanded to Ghana and Tanzania this year. Global Partnerships’ initiative and our partnership with Eneza are designed to improve youth graduation rates, literacy, cognitive skills, and ultimately, provide the opportunity for children to reach their potential. Just like Imelda. PARTNER PROFILE:

Eneza Education Countries in GP’s Portfolio: Kenya, Tanzania

Average Monthly Active Users: 253,022

Year Founded: 2011



Poverty keeps more than 50 million school age children out of school in sub-Saharan Africa. For those enrolled, high student-to-teacher ratios and lack of quality study materials prevent students from advancing their education. Partners in this initiative give children the resources they need to learn by investing in affordable, interactive study content via low-cost mobile phones.



1.2 billion people worldwide live in inadequate and unsafe housing. More than 50 percent of residential construction in the developing world is done through incremental home improvements. We aim to increase household health, security and sense of dignity by investing in microfinance organizations that provide financial services and technical assistance such as budgeting for home improvements.

ESSENTIAL MEDICINES One third of the global population lacks access to essential medicines, especially rural areas in developing countries. This initiative seeks to improve rural household health and lower health associated costs by investing in rural pharmacies that sell affordable, high-quality medicines and provide health information in areas previously without access.


252,510 Lives Impacted $125,000 New Impact Investments 1 Partner

[New Partner: Eneza Education]

2,627 Lives Impacted $500,000 New Impact Investments 1 Partner

[New Partner: Procaja]

6,415 Lives Impacted $40,262 New Impact Investments 1 Partner


Most artisans in the developing world do not have access to international markets that would enable them to receive fair prices for their work and reach more customers. This initiative will invest in partners who provide artisans with access to markets as well as price premiums to increase and stabilize their household income.

This is our newest initiative. We invested in our first partner after the close of Fiscal Year 2017 covered in this report.

Results from July 1, 2016 to June 30, 2017



In Fiscal Year 2017, 96.8 percent of GP’s total cash outflows went to support and expand our impact-led investments.



Cash Outflows












Impact investment interest income



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Management and general


Earned and other income


Management and general

Institutional contributions


Total expenses

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To view our complete audited financials, please visit

Impact investments and operations

Total cash outflows




Thank you for your generous support. Your contributions impact millions of lives. You have helped start small businesses and farms, provide healthcare and energy, and improve security and safety around the world. On behalf of the people we serve, we are grateful to you for joining us on this journey.

LIFETIME DONORS OF $100,000 AND ABOVE These donors have made outstanding gifts to support Global Partnerships over the last 23 years. We are honored by their commitment to the people we serve. Lifetime Individual Donors Dean and Vicki Allen The Benaroya Family Ed and Barbara Benshoof Doug and Nancy Boyden Brookshire Green Foundation Jeff Chen and Jill Denny Andrew and Edelveis Clapp Bill and Paula Clapp Mr. Matthew Clapp Steve Davis and Bob Evans Kurt and Suzan DelBene Walter Euyang Mike Galgon Bud and Judi Greer Lucy L. Helm Kirk Johnson Floyd Jones

Shel Kaphan and Ericka Lock Susan and Craig McCaw Jack and Loyal McMillan The Meisenbach Family Ned and Susan Palmer Dick and Bonnie Robbins Boyd and Mikki Sharp Bill and Maria Skilton Peter and Leslie Strong Fred and Judy Triggs Todd Vogel and Karen Hust Tom and Pam Waldron Walker Family Foundation George Weyerhaeuser Bob and Ruth Wright Anonymous (3) Lifetime Corporate and Foundation Donors Coastal Transportation Inc. The Eleos Foundation Fannie Mae Foundation FMO Netherlands Development Finance Company Bill & Melinda Gates Foundation HerRay! Foundation Inter-American Development Bank Kaphan Foundation

Laird Norton Family Fund Linked Foundation McKinstry Meisenbach Capital Management Microsoft Corporation Morino Institute M.J. Murdock Charitable Trust Matthew G. Norton Co. Pfizer Foundation Pride Foundation The Seattle Foundation Seattle International Foundation SEBA Foundation Stoneleigh Fund Swiss Investment Fund for Emerging Markets United Way of King County Lifetime In-Kind Donors Akin Gump Strauss Hauer & Feld LLP Hillis, Clark, Martin & Peterson Orrick, Herrington & Sutcliffe LLP Nixon Peabody LLP Strasburger & Price, LLP Waldron

IMPACT CIRCLE DONORS Impact Circle Members have included Global Partnerships in their estate plans, helping to sustain GP well into the future. Their gifts will change millions of lives for generations to come. Ed and Barbara Benshoof*

Ned and Susan Palmer

Doug and Nancy Boyden*

Dick and Bonnie Robbins*

Barb and Pat Carey*

Boyd and Mikki Sharp

Bill and Paula Clapp*

Bill and Pat Taylor*

Gail and Pat DeGiulio

Keith and Sue Tibbles

James and Fiona Jackson To learn more about including Global Partnerships in your estate plans, please contact Jennifer Crouch, Director of Donor Relations at 206-456-7813. *founding members



ANNUAL INDIVIDUAL DONORS $10,000 and Above Dean and Vicki Allen Peter Bladin and Donna Lou Doug and Nancy Boyden Brookshire Green Foundation Caroline’s Kids Foundation Jeff Chen and Jill Denny Bill and Paula Clapp Mr. Matthew Clapp Steve Davis and Bob Evans Kurt and Suzan DelBene Jane Dudley Walter Euyang Friends of GP Mike Galgon Lucy L. Helm Joan and David Jansen Gregg and Nancy Johnson Kirk Johnson Floyd Jones and Alene Moris Shel Kaphan and Ericka Lock Patricia Kern-Cardillo and James Cardillo

Forest and Cristina Key Carla and Don Lewis Laura and Roy Lundgren Brian McAndrews and Elise Holschuh Pamela and Bob McCabe Greg and Kendy Meyer Debra Shank Miller and Terry Miller Ned and Susan Palmer SEBA Foundation Fred R. Smith Jane and Chuck Stonecipher Sue and Keith Tibbles Paul and Leigh Tischler Todd Vogel and Karen Hust Walker Family Foundation Bob and Ruth Wright Anonymous (3) $5,000 and Above Mari Anderson and Terry Green Valerie and John Backus Charlie and Courtni Billow Jeff and Diana Brown Connie Clark-Redmond and Kirk Redmond Donna M. Cochener

Anne P. Curcio and Gene Curcio Lindsay Eberts and Patti Paxton Eberts Anne and Brian Emanuels Curt Fraser Karin Frey and Tom Dorrance Nancy and Fred Garcia Ken and Sandy Glass Robert and Christy Goldspink Carol and Wayne Gullstad John and Carol Hoerster Della and Frank Houston Tessa Keating and Stephen Rothrock David Marquez and Janet Frohnmayer Jerry Meyer and Nina Zingale Karen and Jamie Moyer Tom Ohaus and Linda Mae Kristofik H. Stewart Parker Rosario Perez Marion C. and David Rawlinson Boyd and Mikki Sharp Bill and Maria Skilton Fred and Judy Triggs Tom and Pam Waldron

$2,500 and Above Bill and Janette Adamucci Michelle Aubrey Doug and Laurie Barrett Keith W. Cowan and Linda Walsh Gail and Pat DeGiulio Matthew Domarotsky and Dana Trethewy Enrique and Lillian Godreau Heather and Jim Hughes Mary and Jonathan Kauffman Edward and Paula Lazar Maureen Lee and Mark Busto Nancy S. Nordhoff Trish and Bill Pedersen Remala Foundation Melissa Ries and Pat Kennedy Evelyne Rozner and Matthew Griffin Jessica and Brian Saab Laura Severance Raj and Dilu Shah Ron and Eva Sher Phil and Maggie Stalcup True North Family Foundation Kip White and Greg Crick

$1,000 and Above Edward Ahrens Brian and Pam Allen Claire Angel and Lance Oderma Elizabeth and Bob Aylward Debbie Batteiger Beckett Family Fund Erica and John Beyer Alice and Bob Bishop Fraser and Deirdre Black Bobbe and Jon Bridge Cory Carlson and Rhoda Altom Brooks and Nancy Chase Andrew and Edelveis Clapp Judy and Steve Clifford Eric Cobb and Kirsten Mercer-Cobb Mark and Lisa Coffey Kathryn Cox Paul Cressman Poli Davila and Tom Blumer Margo Day Emer Dooley and Rob Short James and Mary Dunnam Keri Ellison and Rob MacAulay Ellen Ferguson and Kumuda Kali


Elissa Fink Mr. and Mrs. Gene Flath Patty and Steve Fleischmann Marlyn Friedlander and Gilbert Scherer Leonard Garfield and Tom Wolfe Sheila and Aaron Geraghty Getz Mike Gerke and Susan Campbell Gary Gilliland and Karen Graves Margie and Jim Giuntini Catherine Gluckstein Genevieve and Brent Guinn Sandy and Duncan Haynes Thomas Hayward Jane Hedreen and David Thyer Michael Humphries and Judith Ralston Charlie Hyde Greg James Kirsten Johnson and David Rothrock Libby Johnson McKee and Jonathan McKee Viren Kamdar and Srilakshmi Remala

William and Beth Ketcham Laurie Klein Clark Kokich and Lisa Strain Lisa Labossiere Laura and Erik Larson Cindy and John Larson Christopher Larson Sara and Andy Litt Keith and Beth Loveless John and Donna Luger Theresa Magnussen Brian Malone Lynn Manley and Lex Lindsey Jim Masson and Katie Heinrich Tim and Stephanie May Matt McBrady and Dee Dee Fisher Congressman Jim McDermott and Therese Hansen Craig McKibben and Sarah Merner David and Marianne Mersereau Laura and David Midgley Colleen and Charlie Mills Charles and Eleanor Nolan Chuck Nordhoff

Grace Nordhoff and Jonathan Beard Jim and Mariette O’Donnell Jennifer O’Donnell Alix Palmer and Bryan Strickland Tellumind Foundation Steve and Marilyn Polis Tim and Jennifer Porter Terry and Kathleen Proctor Purple Crayon Foundation Tim and Brenda Puryear Dr. Judith A. Ramey Susan Reichert and Robert Thomas Fred Richard Bill Richter and Gimena Mazzetti Dick and Bonnie Robbins Tom and Kimberly Rodgers Dusty and Lisa Rowland Kay Schellberg and Terry Anderson Jamie and Andrew Shanks Tom and Sharon Sherrard Karl and Stacie Siebrecht Jonas Simonis and Jillian Barron Karen and Jim Solimano Cap Sparling

Lori Stonecipher and Steve Schuck Katherine and Bill Teplicky David Thompson and Judy Jesiolowski Patsy Thrall Peter van Oppen Ruth Verhoff Jim and Sherry Villanueva Deidra Wager Ruth and Todd Warren Philip Webb Cynthia Wells and Tim Kerr JP and Christine Werlin Tony and Linda Whatley Roger Wright H.S. Wright III and Katherine Janeway Ann P. Wyckoff Anonymous (2) $500 and Above David Alhadeff Susan Allemann and Dave Messner Steve and Laurie Arnold Sara Asatiani John and Arleen Balciunas Sarah and Rich Barton John and Shari Behnke Gerald Bernhoft

Anton Boisen Katie and Brian Boland Caroline Boren Hillary Bourdrez Brad and Susan Brickman Herbert M. Bridge Mary Rose Brusewitz Sandy Bubalo Dickinson Barb and Pat Carey Larry Chatman Kelly Clark Bill Clumpner David and Dorothy Courtis Jennifer Crouch and Kathryn Lent Marc and Maud Daudon Susan and Tim Davis David and Rachel DeBusk Liz Demaree Jon DeVaan Mark Dickison Wayne and Jill Donnelly Judy Erbe Sharon and Frank Fite Ashley Francis Betti Fujikado and Dereck Soo Claire Furlong Dave and Heather Galgon Christine and David Gedye



Kevin Ginnever Jill Gormley Ruth Granen Sebastian Gunningham Solomon Hafer Joseph and Lisa Hagar Charles and Teri Hammond Don Hart Kenneth Hart Piper Henry-Keller and Rik Keller Mary Herche John and Jennifer Higgins Amy and Weston Hutchins Jill Im Murray and Jeanie Johnstone Kristin and David Jones William Jones and Maria Jones Staaf Sandeep Kaushik Pamela Keenan Fritz Chip and Julie Kelly John Kernie Sylvia and Samuel Ketcham Anne Kilcup J.D. and Shanna Kritser Dr. Gordon Kritzer and Nancy Case Kritzer Kathleen and Mike Lambert Roger and Laurie Lohrer Susan Long-Walsh Bruce and Andrea Lorig Tom Lucas and Barbara Standal Louisa and Scott Malatos

Jim and Sheila Mallahan Miriam Marcus Lori and Bob Melkerson Jason Miller Mike Milojevich Yoko Miyashita and Adam Carroll Scott Moore and Valerie Wasserman Tamae Moriyasu Dick and Dora Moxon Erin Moyer Megan Muir Gary and Sandra Mulhair Joan and Mark Murray Marty Nelson Anne Otten Nikesh and Swati Parekh Bill and Jean Parent Karen Patterson and Joseph Gradilla Heidi Peterson Michael Podlin Susan and Bill Potts Steve and Stacy Pruss Oliver Rothschild Mark Russo Paul and Carrie Sanford Tanya Saucedo Evan Schmidt Jan Scott Carolyne Simi Paul and Susan Skoglund Giridhar Sreenivas Karina Stadelman

Joanne Sugura Allen Sussman Lisa Tallquist Ted and Priscilla Tanase Bill and Pat Taylor Ian Thompson and Sarah Suhadolnik Brent Turner Elizabeth Upton and Rayburn Lewis Robert and Anne Van Cleve Julie Wade and Tom Phillips Linda Watermeyer Tom Weeks and Deborah Oyer Cecilia Whatley Carolyn White Anonymous

ANNUAL CORPORATE & FOUNDATION DONORS $10,000 and Above Badgley Phelps Wealth Managers The Eleos Foundation FMO Netherlands Development Finance Company Bill & Melinda Gates Foundation JPMorgan Chase & Co. Linked Foundation McKinstry Co. Microsoft Corporation Microsoft Alumni Foundation M.J. Murdock Charitable Trust Matthew G. Norton Co. The Seattle Foundation Swiss Investment Fund for Emerging Markets West Foundation $5,000 and Above BECU Charlie’s Produce Cornerstone Advisors, Inc. Ernst & Young LLP Patterson Buchanan Fobes & Leitch Inc. P.S. Seattle University United Way of King County Waldron

$2,500 and Above ATS Automation Expedia Inc. Saltchuk Resources Inc. $1,000 and Above Ahrens DeAngeli Law Group LLP Alchemy Real Estate ATREG Goldman, Sachs & Co. Holland America Line J & N Rodgers Enterprises Inc Kaizen Advisors, LLC Kibble & Prentice, Inc. Lakeside Industries Meriwether Advisors Milliman Operation Kids Perkins Coie LLP Stifel, Nicolaus & Company, Incorporated Strasburger & Price, LLP Threshold Group USI Insurance Services, LLC Washington Women’s Foundation $500 and Above Paypal Charitable Giving Fund Seattle International Foundation Wingood Foundation


IN-KIND DONORS Choate, Hall & Stewart LLP Hillis, Clark, Martin & Peterson K&L Gates Microsoft Corporation Miranda y Amado Abogados Orrick, Herrington & Sutcliffe LLP Strasburger & Price, LLP Waldron


Innovate Sponsors Badgley Phelps Wealth Manager JP Morgan Chase Foundation Spark Sponsors BECU Charlie’s Produce Cornerstone Advisors, Inc. Patterson Buchanan Fobes & Leitch Inc. P.S. Seattle University Waldron

Board of Directors Maggie Walker, Chair and Board President Gregg Johnson, Vice President and Secretary Mike Galgon, Treasurer Bill Clapp Paula Clapp Kurt DelBene Walter Euyang Curtis B. Fraser

Executive Team Enrique Godreau III Bert Green Tessa Keating Carla Lewis Matthew McBrady H. Stewart Parker Rosario Pérez Bill Richter Jane Stonecipher Robert B. Van Cleve

Rick Beckett President & Chief Executive Officer Peter Bladin Chief Impact & Research Officer Mark Coffey Chief Investment & Operating Officer Gail DeGiulio Chief Capital Resource Officer Jim Villanueva Managing Director Social Venture Fund

Non-Profit Org US POSTAGE PAID Seattle, WA Permit No. 6624




Global Partnerships 1932 First Avenue, Suite 400 Seattle, WA 98101 206-652-8773