YOUR SUPPORT - Direct Relief...4 CONT’D $89CASH SUPPORT IN-KIND SUPPORT 0 200 400 600 800 1,000 1,200 $ MILLIONS FY 14 $45 5M 435 20 FY 15 865 32 $89 7M FY 16 750 29 $77 9M FY 17

FISCAL YEAR 2018 | ANNUAL REPORT 1

F I S C A L Y E A R 2 0 1 8

ANNUAL REPORT

YOUR SUPPORT

AND HOW IT WAS USED

2 ANNUAL REPORT | FISCAL YEAR 2018

03How Direct Relief was Funded

07How Your Support was Used

13Financial Statements

16Corporate Parnerships

18Strategic Foundation Partnerships

20Investors

34In Memoriam

35Guiding Principles

CONTENTSFY 2018 BOARD OF DIRECTORS

CHAIR Angel L. Iscovich, MD

VICE CHAIR Mark Schwartz

SECRETARY James Selbert

ASSISTANT SECRETARY Pamela Gann

TREASURER Linda J. Gluck

Steve Ainsley • Steven Amerikaner

Patricia Aoyama • Bitsy Becton Bacon

Jeffrey Branch • David A. Brown

Dante Di Loreto • Charles Fenzi, MD

Patrick Fitzgerald • David Lee Gibbs, PhD

Elizabeth Green, RN • Michael Kelly

Mark Linehan • Siri Marshall

Jane Olson • Jamie Ruffing, PhD

Byron Scott, MD • Thomas Sturgess

Steven A. Weintraub • Thomas Weisenburger, MD

INTERNATIONAL ADVISORY BOARD

E. Carmack Holmes, MD • S. Roger Horchow

Donald E. Petersen • John W. Sweetland

MEDICAL ADVISORY BOARD

Juan Carlos Alvarenga, MD

Federico Antillon, MD, PhD

Steve Arrowsmith, MD

Hon. Regina Benjamin, MD, MBA

Elizabeth Duarte, MD

Georges Dubuche, MD, MPH

Adrian Ebner, MD • Paul Farmer, MD, PhD

Charles Fenzi, MD • Daron Ferris, MD

Charles Filipi, MD • Lynn Fitzgibbons, MD

Susan Fleischman, MD • Grace Floutsis, MD

Henri Ford, MD, MHA, FACS, FAAP

Hon. Jaime Galvez Tan, MD, MPH

Paul Giboney, MD

William C. Gong, Pharm D, FASHP, FCSHP

Bert Green, MD • Elizabeth Green, RN

Dan Greenfield, MD • Douglas S. Gross, MD, PhD

Angel L. Iscovich, MD • Rosie Jadidian, PharmD

Karen Lamp, MD • Michael Maguire, MD

Laurinda Marshall, RN

Sofia Merajver, MD, PhD • Carol Millage, PharmD

Charles Nicholson, MD • Raj Panjabi, MD, MPH

Bakht Sarwar, MD, MS

Ayesha Shaikh, MD, OB/GYN

Hambardzum Simonyan, MD

Tom Stern, MD • Larry Stock, MD, FACEP

Elizabeth A. Toro, MD, MPH, OB/GYN

David S. Walton, MD, MPH

Thomas Weisenburger, MD

Beatrice Wiafe Addai, MD, PhD

CHAIR EMERITI

Thomas J. Cusack • Richard Godfrey

Stanley C. Hatch • Dorothy F. Largay, PhD

Nancy Lessner • Rita Moya • John Romo

Denis Sanan • Nancy B. Schlosser

PRESIDENT EMERITUS Sylvia Karczag

PRESIDENT & CEO Thomas Tighe

IMPROVING THE HEALTH

AND LIVES

OF PEOPLE AFFECTED

BY POVERTY

OR EMERGENCIES

F ISCAL YEAR 2018 ANNUAL REPORT

27 S. La Patera Lane, Santa Barbara, CA 93117

T: 805-964-4767 | TOLL-FREE: 800-676-1638

F: 805-681-4838 | DirectRelief.org

ON THE COVER:

In the wake of Hurricane Harvey,

Direct Relief emergency medical

supplies are delivered to Gulf Coast

Health Center in Beaumont, Texas.

PHOTO: Bimarian Films

HOW DIRECT RELIEF WAS FUNDED

[ F Y 2 0 1 8 ]

Nongovernmental, nonsectarian, and not-for-profit, Direct Relief provides assistance to people

and communities without regard to politics, religious beliefs, or ethnic identities. Direct Relief

relies entirely on private contributions.

In Fiscal Year 2018 (July 1, 2017, through June 30, 2018), nearly 95,000 individuals, companies,

and foundations gave in-kind and cash contributions to Direct Relief. Businesses and organizations

provided products and expertise needed and leveraged for humanitarian purposes, and generous

cash donations helped keep Direct Relief independent from external interests,

maintaining the flexibility of its work.

3FISCAL YEAR 2018 | ANNUAL REPORT


CONT’D

IN-KIND SUPPORTCASH SUPPORT

0

200

400

600

800

1,000

1,200

$ M

ILLI

ON

S

FY 14

$455

M

435

20FY 15

865

32

$897

M

FY 16

750

29

$779

M

FY 17

1,081

28

$1,1

09M

FY 18

1,136

94

$1,2

30M

FY 2018 CONTRIBUTED SUPPORT: $ 1 . 2 B

8%CASH$93.9 M

92%IN-KIND$1.1 B

IN-KIND SUPPORTCASH SUPPORT

0

200

400

600

800

1,000

1,200

$ M

ILLI

ON

S

FY 14

$455

M

435

20FY 15

865

32

$897

M

FY 16

750

29

$779

M

FY 17

1,081

28

$1,1

09M

FY 18

1,136

94

$1,2

30M

FY 2018 CONTRIBUTED SUPPORT: $ 1 . 2 B

8%CASH$93.9 M

92%IN-KIND$1.1 B

CASH AND IN-KIND CONTRIBUTIONS To fulfill its mission and program objectives, Direct Relief has long sought partnerships with businesses and organizations with particular expertise that is needed and can be leveraged for humanitarian purposes. This approach has led to 200+ healthcare manufacturers and other corporations, in sectors ranging from technology to transportation, providing in-kind contributions in the form of needed goods (primarily medical products) and services that would otherwise have to be purchased. Direct Relief also solicits and receives cash contributions, which

are used to cover internal costs and for goods and services to advance the organization’s mission and that cannot be obtained through in-kind donations. The strategic pursuit of in-kind resources enables Direct Relief to provide far more humanitarian assistance than would be possible in a model that relied entirely upon raising cash and then converting the cash into goods and services. It makes little economic sense to incur the expense involved in raising funds to then purchase something that a business may be willing and able to provide directly and more efficiently as its charitable contribution. Direct Relief’s financial statements must account for both cash and in-kind contributions that are entrusted to the organization to fulfill its humanitarian mission. In Fiscal Year 2018, over 92 percent of its total public support of $1.1 billion was received in the form of in-kind medical products and certain other donated goods and services (such as transportation services from FedEx, online advertising from Google, and donated data analytics software from Qlik). Merging cash and in-kind contributions in accordance with Generally Accepted Accounting Principles (GAAP) can be confusing to non-accountants. These notes, in addition to the financial statements on page 13, are to assist you in understanding how Direct Relief’s program model is financed and works, to explain the state of the organization’s financial health, and to inform you about how the money generously donated to Direct Relief in FY 2018 by individuals, businesses, organizations, and

foundations was spent. Direct Relief’s activities are planned and executed on an operating (or cash) budget that is approved by the Board of Directors prior to the onset of the fiscal year. The cash budget is not directly affected by the value of in-kind medical product contributions. Cash support—as distinct from the value of contributed products—is used to pay for the logistics, warehousing, transportation, program oversight, program and administrative staff salaries, purchasing of essential medical products, acquisition of donated medical products, and all other program expenses. In May of 2018 Direct Relief moved into a new 155,000 square-foot state-of-the-art facility—with a 128,000 square-foot warehouse and a 27,000 square-foot office and meeting space—certified for domestic and international pharmaceutical distribution. As of June 30, 2018, the total project cost, including the cost of the land was $37.9 million. The new Direct Relief headquarters was made possible through generous donations from individual donors and our valued corporate supporters. Nearly four million dollars in cash and pledges were raised in FY 2018, bringing the total campaign funds raised to $36 million as of June 2018. To finance working capital needs for the facility construction, Direct Relief secured a $25 million line of credit which is secured by all the assets of Direct Relief, the Direct Relief Foundation, and the LLC. As of June 30, 2018, $13.4 million had been drawn to complete the construction of the building.

48%INDIVIDUALS$45.1M

18%FOUNDATIONS$17.1 M

34%CORPORATIONS$31.7 M

SOURCES OF CASH REVENUE: $93.9 M CATEGORIES OF CASH SUPPORT: $93.9 M

4%CAPITAL CAMPAIGN$3.8

1%BEQUESTS$1.1 M

34%UNDESIGNATED$31.6M

61%DESIGNATED / OTHER DESIGNATED$57.4 M

FISCAL YEAR 2018 | ANNUAL REPORT 5CONT’D

When taking an annual snapshot at the end of a fiscal year, several factors can distort a realistic picture of our (or any nonprofit organization’s) financial health and activities. Since the purpose of this report is to inform you, we think it is important to call your attention to some of these factors.

TIMING OF REVENUE RECOGNITION & EXPENSESFirst is the timing of donations being received and the expenditure of those donations, whether in the form of cash or in-kind medical products. Donations—including those received to conduct specific activities—are recorded as revenue when they are received or promised, even if the activities are to be conducted in a future year. The in-kind product donations are also recorded in inventory upon receipt. Direct Relief’s policy is to distribute products at the earliest practicable date, consistent with sound programmatic principles. While the distribution often occurs in the same fiscal year of receipt, it may occur in the following fiscal year. An expense is recorded and inventory is reduced when the products are shipped to healthcare partners. In FY 2018, Direct Relief received less value in product donations than was shipped out to its partner network. When the fiscal year ended, the product inventories that had been “spent” were reported as a decrease in net assets (or net operating “deficit”). The opposite was true in FY 2017, when the value of product donations was more than the humanitarian aid distributed during the year. This resulted in an increase in net assets (or net operating “surplus”) for that year. In FY 2018, Direct Relief received public support and revenue of $1.13 billion in product donations, $93.9 million in cash donations and a $6.4 million gain on investments/sale of assets. In the same period Direct Relief provided program services including pharmaceuticals, medical supplies, equipment and related expenses of $1.23 billion, administrative support services of $5.4 million and fundraising costs of $2.7 million. For FY 2018, the change in net assets was a ($3.8) million net operating “deficit.” A fiscal yearend net operating “surplus” or “deficit” is often due to the timing difference of when public support is received and recorded (current fiscal year) compared

to when humanitarian aid or cash is granted (subsequent fiscal years).

POLICY ON DESIGNATED CONTRIBUTIONS Direct Relief has adopted a strict policy to ensure that 100 percent of all designated contributions for a specific program or emergency response are used only on expenses related to supporting that program or response. Direct Relief has used similar policies for all disaster responses in the last few years, including responses to the fires and mudslides in California, Syrian refugee crisis, Ebola outbreak in West Africa, Hurricanes Maria, Irma, Harvey, Sandy, Katrina, and Rita, and earthquakes in Mexico, Ecuador, Nepal, Japan, Haiti, Pakistan, Peru, China, and Chile. This approach is appropriate for honoring precisely the clear intent of generous donors who responded to these tragedies and to preserve the maximum benefit for the survivors for whose benefit the funds were entrusted to Direct Relief.

VALUATION OF IN-KIND RESOURCES Direct Relief is the only nonprofit organization in the United States that has received accreditation from the National Association of Boards of Pharmacy as a Verified-Accredited Wholesale Distributor (VAWD) licensed to distribute pharmaceutical products in all 50 U.S. states, and is among the largest-volume providers of medical donations to its partners worldwide. Direct Relief’s programs involve a wide range of functions, several of which require specialized expertise and licensing. Among these functions are identifying key local providers of health services in such areas; working to identify the unmet needs of people in the areas; mobilizing essential medicines, supplies, and equipment that are requested and appropriate for the circumstances; and managing the many details inherent in storing, transporting, and distributing such goods to the partner organizations in the most efficient manner possible. When Direct Relief receives an in-kind donation, accounting standards require a “fair market value” to be assigned to the donation. Donations of medicines, medical equipment, and medical supplies have long been

an integral part of Direct Relief’s humanitarian assistance programs. In assigning a fair market value to the in-kind medical donations received, Direct Relief uses a careful, conservative approach that complies with the relevant accounting standards, and the spirit and purpose of disclosure, transparency, and accountability to the public. Direct Relief uses the following methodology in determining the fair market value of in-kind medical donations: U.S. Food and Drug Administration approved pharmaceuticals, branded and generic, are recorded at estimated wholesale value, which approximates fair value, on the date received, based on the Wholesale Acquisition Cost (WAC) as in the RED BOOK™ published by Truven Health Analytics/IBM Watson Health. The RED BOOK© is an industry recognized drug and pricing reference guide for pharmaceuticals in the United States. The organization uses monthly pricing information available from the RED BOOK™ online service provided by Truven Health Analytics, to ensure the most accurate and current valuation of pharmaceuticals donated to the organization. WAC is the standard used by many U.S. states as the Federal Upper Limit pricing for drugs purchased under the Medicaid program. Alternative methods of valuing a drug donation would result in a higher valuation. For example, the commonly cited Average Wholesale Price (AWP), which also is published in the RED BOOK©, is approximately twenty-five percent higher than WAC for a particular product according to the RED BOOK©. Direct Relief determined that WAC is the more appropriate measure. Because pricing differences exist for generic and branded products, it is important to note Direct Relief applies WAC value to each specific product’s National Drug Code, which relates to the specific manufacturer and formulation of a drug. This distinction is significant because it reflects, for example, the lower price (and fair market value) of a generic product received through donation, compared to higher-priced branded product. For non-FDA-approved pharmaceuticals, for example, products manufactured for use in non-U.S. markets, the organization uses independent pricing guides to determine the fair market value of the particular manufacturer’s specific formulation. As is the case with FDA-

H OW D I R E C T R E L I E F

WA S F U N D E DF Y 2 0 1 8


approved formulations, the value relates to the specific product from the specific manufacturer. The sources of such pricing information vary, but relevant information may

include the price paid by wholesalers or other third-party buyers, a favorable price negotiated by an organization for a particular drug, or other such reasonable bases. For medical supplies and equipment, the organization determines wholesale value by reviewing the pricing information on the specific item listed for sale in trade publications, through online pricing, and through its own procurement history when purchasing. Such valuations are lower typically than published retail prices.Different prices for similar products or services in different geographic areas can cause confusion. The specifics of Direct Relief’s valuation methodology are noted here in recognition of the confusion that can arise with the value of contributed goods and services. One source of confusion stems from the significant pricing (and therefore valuation) differences that exist in different parts of the world for similar products. With regard to pharmaceuticals, significant differences exist between a branded drug and a generic equivalent formulation even within the same market, including the U.S. Because Direct Relief operates on a global scale, such differences must be considered and reflected in the accounting and reporting of contributions. Of course, similar pricing and valuation differences also exist for other commodities and services beyond pharmaceuticals. In the U.S., for example, 12 ounces of water is free from a public tap but can be several dollars if it comes in a branded bottle. Similar pricing differences exist for services as well. The outsourcing and off-shoring phenomena reflect that even highly skilled services—surgery, computer programming, research conducted by Ph.D.s— are done at vastly different prices in different countries. Direct Relief’s internal processes, information systems, and public disclosures ensure that these distinctions are clearly documented, and that the organization’s financial reporting precisely and accurately reflects the fair market value of the specific items received through donation.

If a low-cost generic medication is received through donation, its value is properly recorded as that of the generic medication. Similarly, if a more expensive branded product is received through donation, its value is registered as that of a branded product.As noted above, Direct Relief has long sought the contribution of needed goods and services to use for humanitarian purposes because of the efficiencies and other benefits that result. The organization, and (more importantly) the people it serves, benefit from the lowest-cost, most efficient use of resources. Financial contributors benefit also, since their financial contributions are not being used to purchase goods or services that can be obtained directly through donations. Therefore, when it comes to accounting for, documenting, and reporting any contributions it is very important to get it right. A strong incentive exists to use higher valuation sources, such as retail prices, or use branded product values for generic donations. However, a conservative approach provides the most accurate, easy-to-understand basis and is best to instill public confidence in Direct Relief’s financial reporting.

DIRECT RELIEF FOUNDATION AND THE BOARD-RESTRICTED INVESTMENT FUND In 1998, Direct Relief’s Board of Directors established a Board-Restricted Investment Fund (“BRIF”) to help secure the organization’s financial future and provide a reserve for future operations. The BRIF, established with assets valued at $774 thousand, draws resources from Board-designated unrestricted bequests and gifts, and returns on portfolio assets. In October 2006, the Direct Relief Foundation was formed and incorporated in the State of California as a separate, wholly controlled, supporting organization of Direct Relief. Effective April 1, 2007, assets in the BRIF were transferred to the Foundation. The Foundation’s investments are managed by SEI Private Trust Company, an investment firm under the direction of the Foundation’s Investment Committee, which meets quarterly and oversees investment policy and performance. The Board has adopted investment and spending policies for the BRIF assets that attempt to provide a

predictable stream of funding to Direct Relief while seeking to maintain the purchasing power of these assets. Under this policy, as approved by the Trustees of the Foundation, the BRIF assets are invested in a manner that is intended to produce results that provide a reasonable balance between the quest for growth and the need to protect principal. The Foundation expects its BRIF funds, over time, to provide an average rate of return of approximately six percent annually. Actual returns in any given year may vary from this amount. The Foundation, to satisfy its long-term rate-of-return objectives, relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The organization targets a diversified asset allocation balanced between equity and fixed income investments to achieve its short-term spending needs as well as long-term objectives within prudent risk constraints. The Foundation has a policy of appropriating for distribution each year an amount up to five percent of the assets of the BRIF. In some instances, the Board may decide to appropriate an amount greater than its stated policy if it is specifically deemed prudent to do so. The BRIF is authorized to distribute its portfolio assets to pay for Direct Relief’s fundraising expenses and the salary of the President and CEO as well as advance emergency relief funding as determined by the President and CEO. For the Fiscal Year 2018, the Foundation Trustees approved a distribution of $2.3 million to pay for Direct Relief’s fundraising expenses and the salary of the President and CEO. The Foundation also distributed $385 thousand to Direct Relief that had been approved in prior years for the same purpose. Upon a majority vote by the Board, the BRIF may also be utilized to meet other general operational costs and extraordinary capital expenses.

H OW D I R E C T R E L I E F

WA S F U N D E DF Y 2 0 1 8

Thanks to your participation, Direct Relief helped more people

in more places than ever before in its 70-year history in FY 2018.

The organization received $1.23 billion in public support and

provided a record $1.078 billion in assistance around the world

(including $16.3 million in financial assistance).

HOW

YOUR SUPPORT

WAS USED[ F Y 2 0 1 8 ]



VALU

E O

F M

ATER

IAL

AID

(IN

$ M

ILLI

ON

S)

USA

INTERNATIONAL

USA INTERNATIONAL

FY 11 FY 12 FY 13 FY 140

100

200

300

400

500

600

700

800

900

1,000

1,100

43.9 64.4 60.2 68.3

230 211282

435$274

M

$275

M $342

M

$503

M

FY 15

64.8

545.8

$611

M

FY 16

124.7

635.6

$760

M

FY 17

129.0

792.4

$921

M

FY 18

141.7

818.6

$1,0

60M

NU

MB

ER O

F SH

IPM

ENTS

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

FY 13

5,55

2

511

5,041

7,33

3

FY 14

534

6,799

7,21

3

FY 15

741

6,472

FY 16

692

10,454

FY 18

682

10,394

FY 17

12,000

13,000

14,000

13,5

47

704

12,843

11,0

76

11,1

46

VALU

E O

F M

ATER

IAL

AID

(IN

$ M

ILLI

ON

S)

USA

INTERNATIONAL

USA INTERNATIONAL

FY 11 FY 12 FY 13 FY 140

100

200

300

400

500

600

700

800

900

1,000

1,100

43.9 64.4 60.2 68.3

230 211282

435$274

M

$275

M $342

M

$503

M

FY 15

64.8

545.8

$611

M

FY 16

124.7

635.6

$760

M

FY 17

129.0

792.4

$921

M

FY 18

141.7

818.6

$1,0

60M

NU

MB

ER O

F SH

IPM

ENTS

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

FY 13

5,55

2

511

5,041

7,33

3

FY 14

534

6,799

7,21

3

FY 15

741

6,472

FY 16

692

10,454

FY 18

682

10,394

FY 17

12,000

13,000

14,000

13,5

47

704

12,843

11,0

76

11,1

46

Advancing its mission to improve the health and lives of people affected by poverty or emergencies—without regard to politics, religious beliefs, or ethnic identities—Direct Relief delivered 11,076 shipments of humanitarian material aid in FY 2018 to 97 countries and all 50 U.S. states and 3 U.S. territories.

The 1,764 tons (over 3.5 million pounds) of pharmaceuticals, medical supplies, and medical equipment that were furnished to local health programs had a combined wholesale value of $1.06 billion.

The medical aid contained in these shipments was sufficient to provide 217.2 million Defined Daily Doses (DDD) for people who may have otherwise lacked access to quality health care. DDD is a measure of drug utilization developed by the World Health Organization (WHO) and maintained by the WHO Collaborating Center for Drug Statistics methodology at the University of Norway in Oslo. Direct Relief uses this as a measure of pharmaceutical aid provided.

DEF

INED

DAI

LY D

OSE

S P

RO

VID

ED

(IN

MIL

LION

S)

100

200

300

0

400

FY 12

138.

6M

FY 13

223.

8M

FY 14

302.

4M

FY 15

278.

9M

FY 16

362.

2M

FY 17

276.

0M

FY 18

217.

5M

MATERIAL ASSISTANCE


FINANCIAL ASSISTANCE

In addition to providing more essential medical material resources than ever before, Direct Relief furnished $16.3 million in critically needed funding in FY 2018 to support the efforts of locally-run, non-governmental health facilities in the U.S. and internationally as they responded to crises, rebuilt damaged facilities, trained frontline health workers, and extended care to more patients. Grant recipients included community-based groups responding to or recovering from emergencies, including the Hurricane Community Health Fund ($8.2m) Hurricane Harvey ($808k), Hurricane Maria ($1.38m), Wildfire response ($1.24m), Mudslide Victims Fund ($928k), the Nepal Earthquake ($614k), Typhoon Haiyan in the Philippines ($205k), Syrian Refugee Crisis ($120k), Rohingya Refugee Crisis ($63k) and the Ebola outbreak in West Africa ($95k). Additional funding supported the innovative care and treatment programs of 10 community health centers in the U.S. ($1 million) and the on-going efforts of numerous other partners to address the chronic health needs of vulnerable people in their communities.

STAFFING & EXECUTIVE COMPENSATION

The $1.078 billion in humanitarian assistance Direct Relief provided in FY 2018 across the U.S. and around the world was done so with a staff which, as of June 30, 2018, comprised 89 positions (84 full-time, 5 part-time). Measured on a full-time equivalent (FTE) basis, the total staffing over the course of the year was 84. This figure is derived by dividing the total hours worked by 2,080, the number of work hours of a full-time employee in one year. Two persons each working half-time, for example, would count as one FTE. In general, staff functions relate to three basic business functions: programmatic activity, fundraising, and general administration. The following sections describe the financial cost Direct Relief’s activities and how resources are spent to provide assistance to people in need throughout the world. The President and CEO’s compensation is paid from funds provided by Direct Relief Foundation. His compensation is allocated 50 percent to administration and 50 percent to fundraising.

DO

NN

IE H

ED

DE

N


PROGRAM EXPENSES

To implement its humanitarian programs ($1.06 billion in medical

material aid), Direct Relief spent $32.7 million (excluding $16.3 million in cash grants) in FY 2018, $5.2 million of which paid for salaries, related benefits (health, dental, long-term disability insurance, and retirement-plan matching contributions), and mandatory employer paid taxes (Social Security, Medicare, workers’ compensation, and state unemployment insurance) for 50 full-time and one part-time employees engaged in programmatic functions.

TOTAL CASH EXPENSES

PROGRAM EXPENSES ALSO INCLUDE >>

Ocean/air freight and trucking for outbound shipments to partners, in-country transportation and inbound product donations ($5.5 million, of which $1.5 million was donated)

Travel for oversight and evaluation ($526 thousand); contract services ($1.2 million, of which $313 thousand was donated); packing materials and supplies ($578 thousand); furniture ($328 thousand) and disposal costs for expired pharmaceuticals ($153 thousand)

The value of expired products disposed of ($137.7 million)

A pro-rata portion of other allocable costs (see page 12)

DISASTER RESPONSE

PROGRAM EXPENSES

DONATED FREIGHT

$ M

ILLI

ON

0

2

4

6

8

10

12

14

16

18

20

22

$22.

3M

FY 14

12.4

4.5

FY 16

12.1

3.9

2.0

FY 17

14.3

4.5

1.7

FY 15

13.1

4.6

4.6

3.6

FY 18

12.5

18.8

$32.

7M

1.5

$20.

5M

$20.

5 M

$18.

0MPROGRAM EXPENSES BY FUNCTION: $32.7 M

3%CONTRACT SERVICES $952K

50%CASH GRANTS$16.3 M

1%EQUIPMENT/SOFTWARE RENTAL & MAINTENANCE $317K

2%TRAVEL /MEETINGS $648K

3%SUPPLIES, FURNITURE& FIXTURES $1 M

16%SALARIES & BENEFITS$5.2 M

2%OTHER (NON PERSONNEL)$716K

6%FACILITY / UTILITIES /WEB HOSTING $1.8 M

12%FREIGHT & TRANSPORTATION $4.0M

5%DONATED GOODS & SERVICES $1.8M

PROGRAM EXPENSES(DISASTER RESPONSE)

PROGRAM EXPENSES(ONGOING HEALTH ACTIVITIES)

ADMIN EXPENSES

FUNDRAISING EXPENSES

FY 14

3.6

14.2

2.7

1.7

$22.

2M

FY 16

3.9

14.1

3.1

2.0

$23.

1M

FY 15

$26

.1M

4.6

15.2

3.9

2.3

FY 17

$26

.6M

4.5

16.0

4.2

1.9

FY 18

$40.

8M

$ M

ILLI

ONS

0

2

4

6

8

10

12

14

16

18

20

24

26

22

28

30

32

36

38

40

34

18.8

13.9

5.4

2.7

TOTAL CASHEXPENSES:$40.8 M

13%ADMIN EXPENSES$5.4 M

7%FUNDRAISINGEXPENSES$2.7M

46%PROGRAM EXPENSES(DISASTER RESPONSE)$18.8 M

34%PROGRAM EXPENSES(ONGOING HEALTH ACTIVITIES)$13.9 M


FUNDRAISING EXPENSES

Direct Relief spent $2.69 million on fundraising in FY 2018. These expenses (other than donated services) were paid from funds received out of the assets of the Direct Relief Foundation. A total of $1.52 million was spent for salaries, related benefits, and taxes for 9 full-time employees and one part-time employees.

FUNDRAISING EXPENSES ALSO INCLUDE >>

$22 thousand for the production, printing, and mailing of the annual report, tax-receipt letters to contributors, fundraising solicitations, and informational materials

$226 thousand in advertising and marketing costs

$73 thousand in travel and meeting/conference expenses

$506 thousand in contract services ($372 thousand of which were donated services)

$112 thousand in supplies and furniture in support of the fundraising staff

$50 thousand in outside computer services related to fundraising

A pro-rata portion of other allocable costs (see page 12)

DONATED SERVICES

FUNDRAISING CASH EXPENSES

$1.7

M

FY 14

1.6

0.1$

MIL

LION

S

FY 16

1.7

0.3

$2.0

M

FY 17

1.6

0.3

FY 15

2.1

0.3

$2.4

M

0.0

0.5

1.0

1.5

2.0

2.5

3.0

$1.9

M

FY 18

2.3

$2.

7M

0.4

FUNDRAISING EXPENSES BY FUNCTION: $2 . 7 M

57%SALARIES & BENEFITS$1.5M

12% OTHER (NON PERSONNEL) $332K

2% FACILITY / UTILITY / WEB HOSTING $57K

14% DONATED GOODS / SERVICES $386K

1% PRINTING, POSTAGE, MAIL, ETC.$22K

3% SPECIAL EVENTS / TRAVEL + MEETING EXPENSEES $74 K

5%CONTRACT SERVICES $133 K

2% EQUIPMENT / SOFTWARE RENTAL + MAINTENANCE $54K

4% SUPPLIES / FURNITURE + FIXTURES $112K


MANAGEMENT & GENERAL EXPENSES

Direct Relief spent $5.4 million on administration in FY 2018. Administration expenses are those that relate to financial and human resource management, information technology, communications, public relations, and general office management. A total of $2.6 million was for salaries, related benefits, and taxes for 25 full-time employees and 3 part-time employees engaged in administration and financial management.

OTHER ALLOCABLE COSTS

Direct Relief owns and operates a 155,000-square-foot warehouse facility that serves as its headquarters. Costs to maintain this facility includes interest on a line of credit, depreciation, utilities, insurance, maintenance, and supplies. These costs are allocated based on the square footage devoted to respective functions (e.g., fundraising expenses described earlier include the proportional share of these costs associated with the space occupied by fundraising staff). The cost of information technology services is primarily related to the activities of the respective functions described above. These costs are allocated based on the headcount devoted to the respective functions.

MANAGEMENT & GENERAL EXPENSES ALSO INCLUDE >>

$536 thousand in credit card and banking fees

$191 thousand for travel, meetings, and conferences

$976 thousand in contract services ($242 thousand of which were donated services)

$83 thousand in accounting fees for the annual CPA audit, payroll processing and reporting, and other financial services ($20 thousand of which were donated services)

$252 thousand in legal fees, of which $36 thousand was provided pro bono for legal representation related to general corporate matters

$87 thousand in press releases and online advertising

$42 thousand in taxes, licenses, and permits (Direct Relief is registered as an exempt organization in each U.S. state requiring such registration)

A pro-rata portion of other allocable costs (see below)

MANAGEMENT + GENERAL EXPENSES BY FUNCTION: $5.4 M

47%SALARIES & BENEFITS$2.6M

9% OTHER $505K

3% FACILITY / UTILITY / WEB HOSTING $155K

6%DONATED GOODS / SERVICES $316K

1%PRINTING, POSTAGE,MAIL, ETC. $27K

4%

TRAVEL $190K

3%

SUPPLIES, FURNITURE + FIXTURES $177K

17%CONTRACT SERVICES$916K

<1% EQUIPMENT / SOFTWARE RENTAL / MAINTENANCE $14K

10% BANK & CREDIT CARD FEES $536K

DONATED SERVICES

CASH EXPENSES0.0

1.0

2.0

3.0

4.0

5.0

6.0

FY 14

0.2

2.5

FY 15

0.9

3.0

FY 17

$4.2

M

0.5

3.7

FY 18

0.3

5.1

FY 16

$3.1

M

0.4

2.7

$ M

ILLI

ON

S

0.2

$3.9

M

$2.7

M

$5.4

M


* Direct Relief-Mexico is a wholly owned subsidiary of Direct Relief and commenced operations in Mexico on August 1, 2014.

Direct Relief-Mexico was registered in Mexico as a public benefit corporation in July 2014.

** Direct Relief-South Africa is a wholly owned subsidiary of Direct Relief and commenced operations in the Republic of South Africa on July 1, 2009.

Direct Relief-South Africa was registered in South Africa as a public benefit corporation in October 2007.

FY 2018 FY 2017

Direct Relief Direct Relief Direct Relief Direct Relief Direct Relief Inter-Organization Consolidated Consolidated Foundation Mexico* South Africa** Property Transaction Total Total Eliminations

$ IN THOUSANDS

ASSETS

Cash & cash equivalents $ 39,941 $ 7,072 $ 315 $ 4 $ 28 $ - $ 47,360 $ 4,542

Investments 16,341 32,681 - - - - 49,022 36,858

Contributions and other receivables 7,504 6,742 - - 914 (4,922) 10,238 10,293

Inventories 178,180 - - - - - 178,180 241,328

Prepaid expenses 904 - 7 - - - 911 405

Property & equipment - net of accumulated 1,164 - - - 37,860 - 39,024 22,600

Investment in subsidiary 34,652 - - - - (34,652) - -

Other assets 369 - 3 - - - 372 22

Total assets $ 279,055 $ 46,495 $ 325 $ 4 $ 38,802 $ (39,574) $ 325,107 $ 316,048

LIABILITIES

Accounts payable $ 4,366 $ - $ - $ - $ 1,618 $ - $ 5,984 $ 2,178

Other current liabilities 1,458 4,922 6 - 2,639 (4,922) 4,103 2,476

Long-term debt 13,400 - - - - - 13,400 6,000

Deferred compensation 0 - - - - - - 9

Total liabilities $ 19,224 $ 4,922 $ 6 $ - $ 4,257 $ (4,922) $ 23,487 $ 10,663

NET ASSETS

Unrestricted restricted assets, undesignated $ 211,819 $ 27,759 $ 4 $ 4 $ 34,517 $ (34,652) $ 239,451 $ 284,991

Temporarily restricted assets 48,012 13,814 315 - 28 62,169 20,394

Total net assets 259,831 41,573 319 4 34,545 (34,652) 301,620 305,385

Total liabilities and net assets $ 279,055 $ 46,495 $ 325 $ 4 $ 38,802 $ (39,574) $ 325,107 $ 316,048

CO M B I N E D STAT E M E N T O F

FINANCIAL POSITIONFor the fiscal year ended June 30, 2018 with summarized totals for FY 2017. Amounts are presented in the thousands.


FY 2018 FY 2017

Direct Relief Direct Relief Direct Relief Direct Relief Direct Relief Inter-Organization Consolidated Consolidated Foundation Mexico* South Africa** Property Transaction Total Total Eliminations

$ IN THOUSANDS

PUBLIC SUPPORT

In cash and securities:

Contributions $ 49,362 $ 9,340 $ 1,185 $ 59 - $ (17,567) $ 42,379 $ 13,868

Business and foundation grants 47,654 1,185 - - - - 48,839 13,942

Workplace giving campaigns 2,677 - - - - - 2,677 483

Special events - - - - - - - 3

Total public support from cash & securities $ 99,693 $ 10,525 $ 1,185 $ 59 - $ (17,567) $ 93,895 $ 28,296

From contributed goods & services:

Pharmaceuticals, medical supplies & equipment 1,131,363 - 1,638 - - - 1,133,001 1,077,939

Contributed freight 1,787 - - - - - 1,787 1,687

Contributed goods - other 244 - - - - - 244 596

Professional services received 644 170 - - - - 814 597

Total from contributed goods and services 1,134,038 170 1,638 - - - 1,135,846 1,080,819

Total public support $ 1,233,731 $ 10,695 $ 2,823 $ 59 - $ (17,567) $ 1,229,741 $ 1,109,115

REVENUE

Investment income 490 714 - - - - 1,204 627

Realized loss on sale of investments - 405 - - - - 405 1,074

Unrealized gain on investments 10 1,141 - - - - 1,151 441

Program service fees 3,724 - - - - - 3,724 -

Total revenue 4,224 2,260 2,823 59 - (17,567) 6,484 2,142

Net assets released from restrictions - - - - - - - -

Total public support and revenue $ 1,237,955 $ 12,955 $ 2,823 $ 59 - $ (17,567) $ 1,236,225 $ 1,111,257

PROGRAM SERVICES

Program related expenses 1,237,086 9,653 2,559 60 100 (17,567) 1,231,891 1,004,006

SUPPORTING SERVICES

Administration 5,199 204 (1) - 4 - 5,406 4,222

Fundraising 2,408 282 - - 3 - 2,693 1,846

Total supporting services 7,607 486 (1) - 7 - 8,099 6,068

Total expenses $ 1,244,693 $ 10,139 $ 2,558 $ 60 $ 107 $ (17,567) $ 1,239,990 $ 1,010,074

CHANGE IN NET ASSETS $ (6,738) $ 2,816 $ 265 $ (1) $ (107) $ - ($ 3,765) $ 101,183


ACTIVITIESFor the fiscal year ended June 30, 2018 with summarized totals for FY 2017. Amounts are presented in the thousands.



FUNCTIONAL EXPENSESFor the fiscal year ended June 30, 2018 with summarized totals for FY 2017. Amounts are presented in the thousands. USA International Total Administration Fundraising

$ IN THOUSANDS COMPENSATION AND RELATED BENEFITS Salaries $ 1,863 $ 2,372 $ 4,235 $ 2,106 $ 1,243 $ 7,584 $ 6,732

Payroll taxes 123 150 273 134 80 487 453

Employee benefits 309 382 691 328 201 1,220 1,124

Total compensation and related benefits 2,295 2,904 5,199 2,568 1,524 9,291 8,309

OTHER EXPENSES Pharmaceuticals, medical equipment and 240,548 818,154 1,058,702 - - 1,058,702 919,296 supplies distributed - donated

Pharmaceuticals, medical equipment and 1,699 1,016 2,715 - - 2,715 2,082 supplies distributed - procured

Inventory adjustment (expired pharmaceuticals) 65,466 72,280 137,746 - - 137,746 62,126

Accounting and legal fees 6 18 24 313 3 340 214

Advertising 1 - 1 87 226 314 190

Bank charges - 3 3 536 - 539 215

Contract services 494 458 952 916 134 2,002 1,453

Contributed services 115 137 252 298 372 922 597

Contributed freight 687 770 1,457 - - 1,457 1,700

Contributed goods 29 32 61 18 14 93 641

Disposal costs (expired pharmaceuticals) 96 57 153 - - 153 147

Dues and subscriptions 44 59 103 54 26 183 144

Duplicating and printing 12 14 26 9 6 41 57

Equipment and software maintenance 89 113 202 12 52 266 230

Equipment rental 84 30 114 2 2 118 50

Freight and transportation 1,891 2,118 4,009 - - 4,009 3,773

Grants and stipends 13,787 2,501 16,288 - - 16,288 5,177

Insurance 28 37 65 39 3 107 84

Interest 128 149 277 22 14 313 128

Meetings, conferences, special events 77 45 122 42 40 204 245

Miscellaneous 8 27 35 16 13 64 41

Outside computer services 1 1 2 - 50 52 47

Postage and mailing services 23 17 40 19 16 75 39

Rent and other occupancy 287 378 665 8 5 678 737

Supplies 607 399 1,006 177 112 1,295 500

Taxes, licenses and fees 30 - 30 3 - 33 31

Training and education 6 6 12 9 1 22 20

Travel and automobile 243 283 526 149 33 708 557

Utilities and telephone 82 97 179 24 15 218 177

Web hosting 105 143 248 29 2 279 313

Total expenses before depreciation 326,673 899,342 1,226,015 2,782 1,139 1,229,936 1,001,011

Depreciation and amortization 302 376 678 56 31 765 754

Total functional expenses June 30, 2017 $ 329,270 $ 902,622 $ 1,231,892 $ 5,406 $ 2,694 $ 1,239,992

Total functional expenses June 30, 2016 $ 156,570 $ 847,436 $ 1,004,006 $ 4,222 $ 1,846 $ 1,010,074

FY 2018 FY 2017FY 2018

PROGRAM SERVICES: Pharmaceuticals, Medical Supplies, Equipment & Related Expenses

SUPPORTING SERVICESTOTAL

PROGRAM &SUPPORTING

SERVICES

TOTAL PROGRAM &SUPPORTING

SERVICES

To fulfill its mission, Direct Relief has long sought

partnerships with businesses and organizations with

particular expertise that is needed and can be leveraged

for humanitarian purposes. This approach has led to

175+ healthcare manufacturers and other corporations,

in sectors ranging from technology to transportation,

providing in-kind contributions in the form of needed

goods (primarily medical products) and services that

would otherwise have to be purchased.

CORPORATEPARTNERSHIPS

[ F Y 2 0 1 8 ]

ANNUAL REPORT | FISCAL YEAR 201816


BUSINESSES & INDIVIDUALS PROVIDING IN-KIND SUPPORT

A2iA Corp.Acoustical Concrete Floor Systems Inc.AdMark Database Marketing Inc.Alliance Industrial Refrigeration

Services Inc.Boone GraphicsBright Event RentalsBrownstein Hyatt Farber Schreck, LLPMr. and Mrs. Gary BrusseBrylen Technologies, Inc.

CarboniteCiresonDocuProducts CorporationFacebook, Inc.FedExThe Flag FactoryGoogleGraydaze ContractingLori HassanJeannine’s Restaurant & Bakery

Jensen Audio VisualKyle’s KitchenMr. and Mrs. Mark D. LinehanLunchboxTrung MaiMicrosoft CorporationMorrison FoersterMoss-Adams LLPQlik Technologies Inc.Qualtrics

RainbirdCounty of Santa BarbaraSoftboxSungard Availability ServicesTimeXTenderVanguard Print DesignZack Warburg Photography

MANUFACTURERS & DISTRIBUTORS PROVIDING MEDICAL DONATIONS

3MAbbottAbbVieAlcon Laboratories, Inc.Allergan, Inc.Allied Healthcare Products, IncAmneal PharmaceuticalsAnimas CorporationAnsell HealthcareApotex Inc.AstraZenecaBaxter International Inc.BayerBDBeautycounter LLCBioverativBlue Gem Wholesale SunglassesBoehringer Ingelheim CaresBristol-Myers SquibbC.R. Bard Medical DivisionCardinal HealthCera Products, Inc.Cipla Pharmaceuticals, Ltd.CLEAN InternationalColgate Oral Pharmaceuticals, Inc.

ConvaTecCoola SuncareCryoPen, Inc.CVSDayOne ResponseDollar Shave ClubDr. Reddy’s Laboratories LTD.Eli Lilly & CompanyEnergy Equality For AllEssential OxygenEthicon, Inc.Fine Science Tools (USA) Inc.GenDose PharmaGenzyme CorporationGSKGSMS IncorporatedGuardian Survival GearHeat HoldersHenry Schein, Inc.HyperbioticsIntegra LifeSciencesInTouch HealthJanssen Pharmaceuticals, Inc.Johnson & Johnson Consumer

Companies

Kaleo PharmaKirk HumanitarianLaboratorio Valdecasa, S.A.LifeScan, Inc.Liquid IVMagno-Humphries Labs, Inc.McKesson Medical-SurgicalMedtronicMenarini MexicoMerck & Co., Inc.Midmark CorporationMSR Global HealthMylanMyodermNephron PharmaceuticalsNisim InternationalNovartis CorporationOmron Healthcare, Inc.Pfizer, Inc.Prestige BrandsPro2 Solutions Inc.Probiomed, S.A. de C.V.Procter & GamblePurdue Pharma, L.P.Raw Sugar Living

Sagent PharmaceuticalsSandoz Inc.Sanofi Foundation for North AmericaSappo Hill SoapworksSeqirusShireSiemens HealthineersSummers Laboratories, Inc.Sundial BrandsSunverge Energy Australia Pty. Ltd.Surgistar Inc.Takeda Pharmaceuticals USA, Inc.Teva Pharmaceuticals, InternationalTeva Pharmaceuticals, USATG Medical (USA) Inc.Tifie HumanitarianTrividia HealthUG HealthcareUnileverUnite to Light, Inc.Virtus PharmaceuticalsWe Care SolarWestminster PharmaceuticalsWisconsin Pharmacal Company, LLC

CORPORATE PARTNERSHIPS


Direct Relief was able to provide more help to more

people than ever before this fiscal year due in part to

coordinated efforts with these leading foundations that

share commitments to improve health and lives across

the U.S. and around the world.

STRATEGICFOUNDATION

PARTNERSHIPS[ F Y 2 0 1 8 ]


Afia FoundationAll Within My Hands FoundationThe Herb Alpert FoundationThe Annenberg FoundationThe Apatow-Mann Family

Foundation Inc.Micky and Madeleine Arison

Family FoundationThe Ayudar FoundationBeaver Family FoundationPaul Bechtner FoundationBoston FoundationBright Funds FoundationThe Peter and Carmen Lucia Buck

FoundationCacique FoundationCalifornia Community FoundationCalifornia HealthCare FoundationJohnny Carson FoundationThe Annie E. Casey FoundationCesar Chavez FoundationThe Chrinian FoundationThe Clinton Family FoundationComic Relief USADavid C. Copley FoundationThe Crown FamilyThe Eisner Foundation, Inc.

The Farvue Foundation, Inc.Roger S. Firestone FoundationAudrey Hillman Fisher FoundationThe Errett Fisher FoundationMary Alice Fortin Foundation, Inc.Global Giving Foundation Inc.Gratis FoundationThe Green FoundationThe Hexberg Family FoundationConrad N. Hilton FoundationHutton Parker FoundationIzumi FoundationThe Ann Jackson Family FoundationJadetree FoundationRobert Wood Johnson FoundationKauffman FoundationThe Kemmerer Family FoundationLifePlus FoundationThe Linden Family FoundationThe George Link, Jr. FoundationThe Looker FoundationThe John D. and Catherine T.

MacArthur FoundationMcAllister Foundation Inc.New Venture FundOuthwaite FoundationPettit Foundation

Posner Foundation of PittsburghRaintree FoundationRock Paper Scissors FoundationSanta Ynez Band of Chumash Indians

FoundationSanta Ynez Valley FoundationSchuler Family FoundationSchultz Family FoundationSG FoundationSkoll Global Threats FundThe Skolnick FoundationThe Florence and Laurence Spungen

Family FoundationWalter J. and Holly O. Thomson FundTogether RisingAlice Tweed Tuohy FoundationUniHealth FoundationThe David Vickter FoundationWallace Genetic FoundationThe Wasily Family FoundationWeingart FoundationThe Yardi FoundationZegar Family Foundation

STRATEGIC FOUNDATION PARTNERSHIPS

Our deepest thanks to Direct Relief’s investors, whose

generosity has enabled service to millions of people

throughout the world.

INVESTORS[ F Y 2 0 1 8 ]



LEGACY SOCIETY

The Legacy Society exclusively recognizes those caring individuals who have included Direct Relief in their estate plans. Their commitment and dedication are shining examples of

generosity that will help Direct Relief continue its efforts to improve the health and lives of people affected by poverty or emergency situations by mobilizing and providing essential

medical resources needed for their care.

Peter and Rebecca AdamsEstate of Dotsy and Jack AdamsJane H. Alexander TrustMs. Rose A. AmentAnner TrustThe Romuald Anthony and

Barbara R. Anthony Revocable Trust

Estate of Rhea ApplewhiteDr.* and Mrs. Gilbert L. AshorMs. Judith Babcock*Bitsy Becton BaconEstate of Miriam and William BaileyJane E. BallardEstate of Charles H. BellEstate of Laurie M. BergElizabeth Bertuccelli Family TrustMerle Betz, Jr.Estate of D. Craig BigelowEstate of Joseph F. BleckelMs. Patricia BoardmanStephen M. and Susan C. BoysenMr. Phillip BrantJayne Brechwald &

Gary Elkins TrustMr. Martin BreslauerMr. and Mrs. Herbert BrodyMrs. Helen J. BrownEstate of Gilbert BukerGeorge E. Buker TrustEstate of Marguerite BulfDon BullickRobert A. and Lynn T.* Burtness

Family TrustWilliam S. BurtnessAndrew and Elizabeth ButcherMr. Marvin CampbellMs. Carol CarsonCathy CashEstate of Charlotte CastaldeEstate of June M. CelmaysterEstate of Richard CertoEstate of Patricia J. ClancyEstate of Laurie ConverseThe Crosby FundMarjorie B. Cullman TrustMr. and Mrs. Robert A. Culp

Roy R. and Laurie M. Cummins Fund of The Oregon Community Foundation

CDLawrence W. DamEstate of Margaret E. DavisEstate of Peter M. DeardenEstate of H. Guy Di StefanoBobbi and Paul DidierEstate of Dr. Wilton A. DoaneMr. Philip M. DorringtonGrant C. Ehrlich TrustMr. and Mrs. Paul EinbinderTed Ewing in honor of his wife,

Angelica Ewing*Estate of Elsie FeibesEstate of Florence FeilerDr. Julie FeinsilverEstate of Howard C. FentonPeggy and Gary FinefrockEstate of June Breton FisherEstate of Julia FlynnMr. Harvey FooMr. and Mrs. Gregg L. FosterEstate of Ray Freeze and

Carol GeorgopoulosEstate of Mario J. FrosaliMildred K. Fusco TrustEstate of Hannah Monica GallagherPamela Gann and David HardeeSandra K. GarciaMrs. Pearl Garcia-BakerEstate of June GaudyGilkeson Family TrustLinda and Fred GluckDick and Kate GodfreyJoe Godwin in Honor of Les GleissmanEstate of David A. GrayEstate of Walter GrayMiriam Greenwood, Trustee,

Virginia Greenwood Living TrustMs. Pamela GuntherEstate of Linda M. HansonWilliam Thomas HardisonEstate of Margret S. HartEd and Mary Harvey TrustMrs. Raye Haskell

Thomas Newlin Hastings and Elizabeth Caldwell Hastings Trust

Betty and Stan HatchMr. and Mrs. Robert W. HirschEstate of Dorothy S. HitchcockGerhart HoffmeisterEstate of Sibyl Wilma HolderTerrence Joseph HughesEstate of Dorothy HumistonEstate of Wendell IngMr. and Mrs. Donald JacksonEstate of Virginia E. JamesMrs. Christine JentEllen and Peter JohnsonPat and Dick* JohnsonMs. Beverly A. JonesEstate of Judith JonesMr. Louis KarpfMr. and Mrs. Herbert KendallEstate of Dale E. KernDr. Laurence P. KerriganMr. and Mrs. Hong KimMrs. Marvel KirbyEstate of Edythe KirchmaierEstate of Wendy KlodtMr. and Mrs. John A. Knox-JohnstonJohn Michael KoelschMr. James KohnEstate of Richard L. KomanThe Anette La Hough TrustWaltlan Revocable TrustDorothy Largay and Wayne RosingMr. Chris Le BlancShirley and Seymour LehrerEstate of the Lensch FamilyIn Memory of Daniel LiffKenneth R. LohEstate of Barbara Jeanne LotzEstate of Lawrence LuEstate of Yvonne C. LucassenEvelyn C. Lund Charitable

Remainder TrustMr. John A. Magnuson* and

Mrs. Dorothy MacCullochEstate of Mary C. MacEwanEstate of Robert MacleanMarilyn and Frank* Magid

Estate of Glenda MartinAudrey E. MartinsonMartone Family TrustAlixe Reed MattinglyKathleen and Bruce McBroomMcMahan EstateMs. Estelle MeadoffMr. Michael MendelsonMr. and Mrs. Frank B. MilesMs. Marianne MinorPatricia McNulty MitchellCharles J. and Esther R. Mlynek TrustEstate of Victoria E. MonroeEstate of Velma MorrellEstate of Regis J. MorrisHelga MorrisMr. J. Vincent MoskaitisRita MoyaEstate of Robert E. and

Helene S. MussbachMr. and Mrs. Robert Nakasone /

Nakasone Family FoundationEstate of Dorothy and Graham NashMs. Juel Ann NorthAngeline M. O’Meara TrustMr. Michael P. O’Neill and

Mrs. Sarah M. O’Neill*Estate of James OrrEstate of Harold A. ParmaEstate of William J. PartridgeJody and Don PetersenMartin and Lillian Platsko TrustMark and Josephine PolakoffAlan R. PorterMr. Juan PosadaEstate of Sheryl A. RandallEstate of Robert J. RegisEstate of Penny RidgewayEstate of Nancy RobertsEstate of Paul N. RobertsRegina and Rick RoneyRod and Valerie RoseEstate of Maria RosmannThe Babette L. Roth Irrevocable TrustNatalie and Matthew RoweMr. Thomas J. RyderMr. and Mrs. Ernest J. Salomon

Maryan and Richard* SchallThe Petar Schepanovich* and

Kathleen Schepanovich TrustNancy and Bill* SchlosserEstate of June H. SchuerchMr. Kevin SegallMr. and Mrs. Philip M. SheridanHarold and Carol ShroutEstate of Benjamin Siegel Jr.Sledge Family TrustConnie SmithEstate of Margaret H. SmithEstate of Thelma R. SmithMr. Scott SmootEstate of Robert H. SommerEstate of Charles H. SparkesEstate of Barbara SpauldingEstate of William G. SpragueEstate of Mary Joan StavesEstate of K. Walter StawickiEstate of Elaine F. StepanekWalter and Mae Stern TrustThe Anna Stuurmans Revocable TrustMr. Robert TauckusEstate of Henry A. Thedick, Jr.Estate of Wilbur H. Thies, Sr. and

Emily P. ThiesEstate of Elna TheusenEstate of Grace A. TicknerTilton Family FoundationDonn V. TognazziniCarol Van den Assem TrustEstate of Marie L. Van SchieLiz VaughnEstate of Naomi S. WainMelody and Rebecca Walden-PoundBettine* and Lawrence WallinRenee WeilerMr. C. Dana WhiteMrs. Dorothy D. WinkeyEstate of Simone G. WoodcockThe Wurzel TrustLinda Seltzer YawitzMarjorie Lynn Zinner

* deceased

EXPANDING FOR THE FUTURE

DO

NN

IE H

ED

DE

N

Direct Relief’s new state-of-the-art

distribution center, meeting heightened

federal requirements for security and

storage of prescription medications,

is 155,000 square feet, making it the

largest distribution hub for humanitarian

medical aid in the nation.



THE CAMPAIGN FOR DIRECT RELIEF

Direct Relief built a new facility—a project about more than the walls, windows, and roof that make a building. It is about the organization’s continued ability to pursue its mission of

improving the lives of people affected by poverty or emergencies. It is about expanding humanitarian activities for the benefit of thousands of communities throughout the United States

and the world. And it is about extending health services to millions of people for the first time, helping them to realize their inherent potential and to live fulfilling lives.

We humbly thank these leaders for their contributions to the Campaign for Direct Relief and for their generosity in helping build a better world.

Abbott FundAdams Legacy FoundationMr. Vernon AlferdDavid and Lyn AndersonAnonymousPatricia Aoyama & Chris KlevelandBDB&B FoundationBitsy Becton BaconAmy and Rick BeckettMr. and Mrs. Arnold BelloweMr. Charles BezousekAshish and Leslie BhutaniMr. and Mrs. Kendall R. BishopOtis Booth FoundationDr. and Mrs. David Bradford /

WWW FoundationJeffrey and Michelle BranchMr. William S. BurtnessCalifornia Community FoundationThe California EndowmentMr. and Mrs. Timothy CaseyCarolyn ChandlerOtis and Bettina Chandler FoundationZora and Les CharlesPaul S. ClayMr. and Mrs. Jamie W. Constance /

WWW FoundationMs. Sarah CouplandSheila and Tom CullenThe Cusack FamilyLawrence W. Dam and Betsy JonesMs. Gwen Taylor DawsonMr. Robert A. Day, Jr. /

W.M. Keck FoundationMr. and Mrs. John DoordanMr. Ernest O. EllisonSally and Patrick EnthovenFedExCharles C. Fenzi, M.D. and

Mrs. Vera Fenzi

Mr. and Mrs. Brooks FirestoneRoger S. Firestone FoundationSusan C. Firestone FoundationMr. and Mrs. William Fletcher Suzanne and Gerald FlynnKee and Paul FlynnPenelope D. FoleyMr. and Mrs. Gregg L. FosterPamela GannThe Geiger Family: Devon Geiger

Nielson, Beth and Dodd Geiger, Debra P. Geiger & Elliot Crowley

Ernie and Judy GettoDavid L. Gibbs, Ph.D.Diane and Mike GilesLinda and Fred GluckKate and Dick GodfreyMr. and Mrs. Lawrence GoodmanDr. Bert Green and Ms. Alexandra

Brookshire / Brookshire Green Foundation

Elizabeth and Steven GreenMichael GreeneMr. and Mrs. Erik GregersenMr. and Mrs. Brandt HandleyAlisse and Jon HarrisBetty and Stan HatchPriscilla Higgins, Ph.D. and Mr. Roger

W. Higgins / Higgins-Trapnell Family Foundation

Conrad N. Hilton FoundationBrett and Natalie Hodges/

WWW FoundationMr. and Mrs. Brian Hodges /

WWW FoundationCarolyn and Roger Horchow /

The Horchow Family Charitable Foundation

Hutton Parker FoundationAngel Iscovich, M.D. and Mrs. Lisa

Iscovich / The Iscovich Foundation

The Ann Jackson Family FoundationHollye & Jeffrey Jacobs /

The Jacobs Endeavors Ltd.Hayley Firestone JessupMr. and Mrs. Peter O. JohnsonMr. and Mrs. Richard A. JohnsonJohnson & JohnsonMichael and Bonnie KellyElaine and Herbert KendallJoanna Kerns & Marc AppletonMr. and Mrs. Alan E. KeslerWayne and Annette KristelMr. Larry Koppelman and

Mrs. Nancy Walker KoppelmanDorothy Largay and Wayne RosingThe LaMothe / Kaplan FamilyMs. Anne KratzJanice and Fritz LeutheuserDr. Ilan M. Levi and

Dr. Barbara G. LeviMark and Kim LinehanMs. Patricia LockwoodLillian P. LovelaceMr. and Mrs. Thad C. MacMillanTrung and Phuong MaiMrs. Melinda MarsSiri and Bob MarshallAlixe and Mark MattinglyMrs. Mary Ellen McCammonMrs. Darcie McKnightMr. and Mrs. Brian McWilliamsMs. Megan MerendaMari and Hank MitchelPatricia McNulty MitchellMs. Susanne MoriSamuel B. and Margaret C. Mosher

FoundationRita and Steve Moya / The M FundMr. and Mrs. Robert Nakasone /

Nakasone Family FoundationJeanne and Gary Newman

Mr. and Mrs. Joel L. NofzigerOneHope FoundationOrfalea FoundationOuthwaite FoundationMs. Susan O’ConnorJane and Ronald OlsonMs. Rosemary PetersDonald E. and Jo Anne Petersen /

The Donald E. and Jo Anne Petersen Foundation

Mr. and Mrs. John Pillsbury IIIMs. Patricia E. PoileAlan Porter and Brenda BlalockMr. and Mrs. Alexander M. PowerMs. Julie RabinovitzMr. Michael RailaRaintree FoundationMr. and Mrs. Jeffrey R. RandMr. and Mrs. Michael B. RandolphJohn and Mary RomoMr. and Mrs. Gerrold R. Rubin /

Barbara N. Rubin FoundationJoan SalatSanta Barbara FoundationMaryan SchallMrs. Nancy B. Schlosser /

Nancy B. & C. William Schlosser Family Foundation

Mr. Edgar H. Schollmaier / Schollmaier Foundation

Mr. and Mrs. Ernest G. SchroederLynda and Mark SchwartzDeborah and Byron ScottSandy and Eric SealeJudy and Dale SeborgPatricia and Jim SelbertSusan and Daniel SemegenMark SemegenJim and Ingrid ShattuckGeorge and Christy Van Hook ShortBhupi Singh and Gurinder Kaur

Mr. Gene Sinser and Ms. Patty DeDominic

Mrs. Tana Sommer-BelinThe Florence and Laurence Spungen

Family FoundationElizabeth SternThomas and Heather SturgessMr. and Mrs. Sebastiano SterpaMr. and Mrs. Greg StoneyKim and Michael ThomasWalter J. and Holly O. Thomson FundMr. and Mrs. Thomas TigheBrooke and Steven TillerDr. Elizabeth Toro and

Mr. Mark HauserAnne and Michael TowbesTown & Country Women’s Club

of Santa BarbaraMs. Betty TrottaAlice Tweed Tuohy FoundationMrs. Pauline Turpin /

Turpin Family Charitable Foundation

Mr. Dean T. UjiharaMr. and Mrs. Mike WalkerSusan and Steven WeintraubKarl Weis and Kristen Klingbeil-WeisTom and Diane WeisenburgerMr. and Mrs. Sam WelchDana WhiteDr. G. Rhys Williams and

Dr. Jamie A. RuffingDouglas E. Wilson Plumbing Inc.Zegar Family Foundation


LIN

DS

EY

PO

LL

AC

ZE

K


F Y 2 0 1 8 INVESTORS Contributors to Direct Relief from July 1, 2017, to June 30, 2018

HONORARY CHAIR $5,000,000 +

AbbVie FoundationComic Relief USA

VISIONARY $1,000,000 +

Abbott FundAmgen FoundationMicky and Madeleine Arison

Family FoundationBDFedExShireUnilever-Vaseline

LUMINARY ($250,000 +)

Ms. Judith BabcockBaxter International FoundationThe Bungie FoundationCalifornia Community FoundationOtis and Bettina Chandler FoundationEstate of Ray Freeze and Carol

GeorgopoulosGenentech, Inc.Humble BundleJohnson & Johnson Family of

CompaniesRobert Wood Johnson FoundationMr. and Mrs. Fredric C. LeutheuserMedtronic Philanthropy through

Medtronic FoundationRick and Nancy Moskovitz FoundationPfizer, Inc.Santa Barbara Vintners FoundationTogether RisingWallace Genetic FoundationZegar Family Foundation

AMBASSADOR ($100,000 +)

3M Foundation, Inc.All Within My Hands FoundationAllergan, Inc.Bitsy Becton Bacon

Bain Capital Relief FundBayer HealthcarePaul Bechtner FoundationBNY Mellon FoundationThe Bristol-Myers Squibb CompanyGilbert Buker / George E. Buker TrustCoach FoundationEthicon Inc.The Farvue Foundation, Inc.FHL Bank DallasThe Errett Fisher FoundationFluxx LLCMr. and Mrs. Gregg L. FosterGlaxoSmithKline FoundationDavid A. GrayGregory Family Charitable FundPatrick T. Hackett FundBetty and Stan HatchIPSEN Biopharmaceuticals, Inc.Mr. Michael JenkinsMrs. Jennifer S. KrachMrs. Lillian P. LovelaceMr. and Mrs. Fred LukasMr. Richard E. LunquistTrung and Phuong MaiSiri and Bob MarshallMcKesson CorporationMerck & Co., Inc.Mr. Steve Moya and Ms. Rita Moya /

The M FundMs. Judith A. MullikinEstate of Robert E. and

Helene S. MussbachNBA CaresNBCUniversalThe P&G Fund of The Greater

Cincinnati FoundationPosner Foundation of PittsburghRaintree FoundationAllen and Evelyn ReitzSanofi US Foundation for

North AmericaSanta Barbara Firefighters AllianceJohn D. Schneider and Minnie R.

Schneider TrustMr. Edgar H. Schollmaier /

Schollmaier FoundationSchuler Family FoundationSupercell, Inc.Teva Pharmaceuticals USAWalter J. and Holly O. Thomson FundThe Sofi Tucker FoundationUnilever Australia

UnitedHealth GroupWageworks Inc.Mr. and Mrs. Dave Wentz

ADVISER ($50,000 +)

Aetna Foundation, Inc.American College of

GastroenterologyThe Angelo Family Charitable

FoundationAnthem Blue CrossMrs. Patricia Aoyama and

Mr. Chris KlevelandAtlas Air, Inc.Mr. and Mrs. William P. BeckerBiogen Idec FoundationBoehringer Ingelheim Cares

FoundationThe Peter and Carmen Lucia Buck

FoundationC. R. Bard FoundationCacique FoundationScott CawthonMs. Jacqueline Anne CookeDavid C. Copley FoundationCostanzo Family Charitable TrustThe Crown FamilyRoy R. and Laurie M. Cummins

Fund of The Oregon Community Foundation

Dodge & CoxRoy and Ida Eagle FoundationJack and Marie Eiting FoundationEli Lilly & Company FoundationTom and Nancy Elsaesser /

Tom and Nancy Elsaesser Foundation

Fairway Community FoundationAudrey Hillman Fisher FoundationApril C. FreilichDavid L. Gibbs, Ph.D.Mr. and Mrs. J. Michael Giles /

The Giles Family FoundationThe John & Marcia Goldman

FoundationGrifols, USA, LLC.Conrad N. Hilton FoundationHome Box Office, Inc.Hutton Parker FoundationInvicta Watch Company

Irell & Manella LLPJackson Family Enterprises, Inc.The Ann Jackson Family FoundationJadetree FoundationKaplan, Inc.Kent Farrington LLCKSM Business ServicesLife For A Child USA Inc.Daniel J. LiffThe George Link, Jr. FoundationMr. Kyle LongMassachusetts Medical SocietyMr. Ken Maytag / Fred Maytag

Family FoundationHank and Mari MitchelIsidore C. & Penny W. Myers

FoundationNorsco Attachments Inc.The Organization Support FundOuthwaite Charitable TrustTravis OwenPettit FoundationQualitas Manufacturing

IncorporatedRepresent Holdings LLCRhoda Family Charitable

FoundationRock Paper Scissors FoundationRodgers Melnick Family FundSchlein Family FoundationThe Schow FoundationSemGroup Litigation TrustSempra Energy FoundationJoel Spolsky & Jared Samet

Charitable Gift FundCatherine M. Stayer Family

FoundationMichael Stayer-SuprickStone Family FundStone Brewing Co LLCThe SWIG CompanyTiffany and CompanyMrs. Anne Towbes /

Towbes FoundationAlice Tweed Tuohy FoundationUnion Bank FoundationUnion Congregational ChurchGary and Elizabeth VaynerchukMr. and Mrs. Guhan ViswanathanThe Wasily Family FoundationWine WarehouseThe Yardi FoundationZynga Game Network

CHAMPION ($25,000 +)

ACBL Charity FoundationThe Adrian Family FoundationAEG PresentsMr. and Mrs. David H. AndersonThe Annenberg FoundationAnsellAnthem FoundationApolisAstraZenecaAyco Charitable FoundationThe Ayudar FoundationBalanced BodyAndrew L. BallMr. and Mrs. Philip Bernstein /

Bernstein Family FundMr. and Mrs. Ashish BhutaniDr. and Mrs. David BradfordMr. and Mrs. Tim BradleyBrillo-Sonnino Family FoundationPhillip BrownMr. and Mrs. David A. BrownBuddhist Churches of AmericaAl & Nancy Burnett Charitable

Foundation, Inc.Mr. and Mrs. Andrew BuschCalico FundCardinals CharitiesJohnny Carson FoundationDolores and Robert Cathcart /

Cathcart Millenium Foundation Inc.

Cesar Chavez FoundationThe Chrinian FoundationThe Clinton Family FoundationCMediaCollege of Healthcare Information

Management ExecutivesMrs. Marcia ConstanceConvaTec, IncCorning Incorporated FoundationThe Daphne Seybolt Culpeper

FoundationCarrie Ohly-Cusack and Tom CusackMr. Lawrence W. Dam and

Ms. Betsy JonesDeborah David and Norman Kurland /

The Kurland / David TrustBrian and Meg DietzArthur S. Dover, M.D.


F Y 2 0 1 8 I N V E S T O R S

Hailee and Justin DoverPeggy and Steve DowChristine and Dan DurlandMr. and Mrs. Paul EinbinderRobert M. Ellsworth, M.D.Mr. and Mrs. Robert L. EmeryEvercore Trust CompanyDr. and Mrs. Thomas E. EverhartFacepunch Studios LtdFenimore Asset Management, Inc.Fifth Generation, Inc.Peter FrancisMr. Patrick Gale and

Mrs. Sarah Gale-Yang / The Gale Family Foundation

Rebecca GaplesGerondelis FoundationGiorgi Companies Inc.Kate and Dick GodfreyGoldman Sachs Philanthropy FundGratis FoundationDr. and Mrs. Steven GreenDr. Bert Green and

Ms. Alexandra Brookshire / Brookshire Green Foundation

The Green FoundationHammer Family FundHead Family Charitable FoundationMr. Magnus HedlundHenry Schein, Inc.The Hexberg Family FoundationWilliam Talbott Hillman

FoundationBrett and Natalie Hodges /

WWW FoundationMr. and Mrs. Brian Hodges /

WWW FoundationDr. Gerhart HoffmeisterHonzel Family FoundationHunt Advantage Group, LLCLawrence ImpettIntegra LifeSciences CorporationAngel Iscovich, M.D. and

Mrs. Lisa Iscovich / The Iscovich Foundation

Mr. Rehan A. JafferLatika and Rajiv Jain FoundationGordon and Mary JohnsonJones Lang Lasalle AmericasW. M. Keck FoundationDr. and Mrs. John P. J. KellyThe Kemmerer Family Foundation

Mr. and Mrs. Herbert Kendall / Herbert and Elaine Kendall Charitable Foundation

Carolyn KerbyKitchell Employee FoundationThe Kling Family FoundationLamb & Barnosky LLPMs. Louise A. LaMotheMrs. Sonja LaneAlice Lawrence Foundation IncLifePlus FoundationMr. and Mrs. Mark LinehanLogMeIn USA, Inc.Mrs. Pamela Lopker /

The Lopker Family FoundationLucy’s Giving FundMagic Charitable FoundationJoe McGarryMenlo Park Presbyterian ChurchMr. Christopher MilesMimedx Group, Inc.Patricia McNulty MitchellMr. and Mrs. Robert Nakasone /

Nakasone Family FoundationNational Cartoonists Society

FoundationDavid NeaderlandDellora A. And Lester J. Norris

FoundationNovartis Services, Inc.NvidiaOfferUp, Inc.Ms. Mary M. O’HernMr. and Mrs. Robert J. O’Shea /

The O’Shea Family FoundationPall CorporationPartners HealthcarePeloton Interactive Inc.John PhelanPlus 1 USAEric PrebysPSN Family Charitable TrustMr. Steven W. RappRBG, Inc.Mr. and Mrs. Charles D. RikelRodin Family Charitable TrustMr. and Mrs. Gerrold R. Rubin /

Barbara N. Rubin FoundationGreg RuvoloRyan Memorial FoundationSanta Ynez Band of Chumash Indians

Foundation

Mrs. Maryan S. SchallMs. Rachael SchultzSchultz Family FoundationMr. and Mrs. Mark J. SchwartzPatricia and Jim SelbertSev1TechSG FoundationMr. William Shanbrom /

The Shanbrom Family FoundationThe Sharma FoundationMrs. Judy A. SheaThe Skolnick FoundationMrs. Barbara SpauldingMr. Richard K. SquireNancy StaglianoSteffi and James StevensonThe James M. and

Margaret V. Stine FoundationThomas and Heather SturgessMr. and Mrs. Mark StutzmanTask Foundation Inc.Tito’s VodkaMr. and Mrs. Gary R. Tobey /

The Susanne and Gary Tobey Family Foundation

Ms. Cheryl Tomchin / Tomchin Family Foundation

Tres ChicasDonald J. TrumpUnilever UKUniversity of MiamiThe David Vickter FoundationBruce & Marilyn Wallace FoundationWalt Disney CompanyMr. C. Dana WhiteMr. David C. WhitneyWhittier Trust CompanyWinston & Strawn LLPWorkday Foundation

ADVOCATE ($10,000 +)

18 Birdies LLC340B HealthAshraf Abou-ElellaAbt Associates IncAccreditation Commission for HealthACIG Insurance CompanyMr. Philip C. Adams and

Mrs. Tucker H. Adams

Mr. Andrew AdesmanAfia FoundationMr. and Mrs. Robert E. AlbertiLynn and Scott AlexanderKen AlexanderAllPointsDonald AmenGene and Agnes AngNatalya AntonovaApter FoundationArmanino FoundationMr. and Mrs. Tim ArmourMr. and Mrs. Anderson J. ArnoldSteven ArteagaAspiration Partners Inc.Associates for Oral & Maxillofacial

SurgeryAu Bon Climat LLCAugustOne FoundationAuto Data Direct, Inc.Axis Communications, Inc.George & Dorothy Babare

Family FoundationBaker & McKenzie LLPRussell BaldocchiTerri BaldwinBAM Charitable FundAbby BarkerBarnum Family FundThe Beane Family FoundationWilliam and Kathleen BeattieBeaver Family FoundationMr. and Mrs. Bob BejanBelevedere Cares, Inc.Ms. Laurie M. BergMr. and Mrs. James R. BickelBiella FoundationBill Rapp, Inc.BioInformatics LLCBen BiscontiMr. and Mrs. Kendall R. BishopBland Family FoundationTerry G. Blanken and

Dennis P. SwartzlanderMs. Victoria H. BlatterMs. Jennifer BloomSarah BoardmanBodine Charitable Gift FundMr. David BoettigerBoostabilityMaria BorghesiMr. Mark G. Bracco

Michael BronnerPatricia A. BrownDavid L. BrownMilton and Fannie Brown Family

FoundationThe Arnold & Pat Brown Family FundBuchanan Grosshans Charitable FundMr. Timothy BurkeMs. Laura Burkhart SebekosRobert A. Buzzelli Charitable

FoundationM. CampbellThe Capital Group Companies

Charitable FoundationCollette CaskeyCausecast FoundationCBRE FoundationCelgene CorporationMr. and Mrs. James M. CelmaysterMr. Gordon C. Chaffee and

Ms. Nancy KedzierskiThe Clifford Chance Foundation, Inc.Carolyn ChandlerMr. and Mrs. Leslie CharlesThe Chartis FoundationThe Cheeryble FoundationChemonics InternationalCiplaWilliam ClaibornMr. and Mrs. John R. ClevelandThe Clowes Fund Inc.Ms. Gladys G. Cofrin and

Mr. Daniel P. LoganDoug and Shannon CogenElizabeth ColemanMr. and Mrs. David P. ComptonComtrade SoftwareMs. Helen F. CooperCornerstone Research, Inc.CoverMyMeds LLCCoverys Community Healthcare

FoundationMs. Michelle CozensJanet CraggWilliam CullenAlison D’AgostinoThe Dammann Fund, Inc.Toan DangLawrence DAngeloMark DarrigoMr. and Mrs. Robert F. DaveyTal Davidson Donor Advised Fund

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Leonard and Sophie Davis FundMary Jane DeanDeckers Outdoor CorporationThe Corwin D. Denney FoundationThe Denver FoundationWhitney G. DicksonWendy L. DicksonMarkham A. Dickson IIIMr. Matthew J. Dircks and

Ms. Julia WelchJonah DisendThe Julia Stearns Dockweiler

Charitable Foundation / Mrs. Caryl Crahan

Peter and Amanda DocterJerry DohertyJohn and Eileen Doherty FoundationMr. and Mrs. John DoordanWilliam C. Dowling Jr. FoundationMr. and Mrs. James DrasdoAllan DrazenDreman FoundationThe Dunagan Foundation, Inc.Ronald DuncanMr. Michael R. Duncan and

Mrs. Jill M. DuncanDurkee Charitable FundJerrold EberhardtJohn EckertElectronic Arts, Inc.Victoria ElenowitzWilliam David Ellrich and

Becky B Moore Advised FundMr. and Mrs. Richard S. ErhardtErickson Family Charitable FoundationJames EvansJohn and Marie EvansMr. Ted EwingFamily and BeyondJansie FarrisFastly, Inc.Mr. and Mrs. Dennis Fenton /

Fenton Family Charitable FundJane FeusierFibrogen, Inc.Mr. and Mrs. Richard B. FieldsPeggy and Gary FinefrockDavid FinkelMr. and Mrs. Brooks FirestoneRoger S. Firestone FoundationFirst Dollar FoundationCarolyn and Andrew Fitzgerald

FLIR Systems, Inc.John and Marie Foley / Foley Family

Charitable FoundationThomas FooMary Alice Fortin Foundation, Inc.Solution FoundryChris Fowler and Jennifer Dempster

FoundationG.A. Fowler Family FoundationFox FoundationMr. and Mrs. Philip FranklinFredman Family Foundation, Inc.The Frick CollectionMr. Edward C. FriedelFriedlander Family FundMr. and Mrs. Robert FronkJohnson Gift FundMr. and Mrs. Michael GabrielsonGap IncGE FoundationGelson’s MarketGeneral Porpoise LLCGenzyme CorporationMr. Allen GershoAnna GettyJosephine Herbert Gleis FoundationGlenn Lukos AssociatesZachary GoldbergMs. Nancy Field GoldshollLeonard C. GoodmanMr. and Mrs. Martin GoreJonathan GrahamMs. Cheryl L. GraunkeJohn GrayGrousemont FoundationThe Bob and Maureen Grubbs

Charitable FundHaeger FoundationHaines Family Gift FundMr. and Mrs. John F. HallMr. William T. HammondMs. Marcia HammondsHand in Hand USAHart Giving FundRobin HassaniElizabeth Hastings, M.D.Mr. Richard HausmanHealthequityHearthstone Charitable FoundationHellmann Family FundMr. Frank HerringerMr. and Mrs. Frederick C. Herzog III

HLTB FundDr. Linus HoHoneyfund Com IncMs. Mary Cassilly HopkinsHueber-Breuer Construction CompanyIBM CorporationImageFIRST Uniform Rental

Services, Inc.Ina Kay FoundationMrs. Jackie InskeepMr. John IrishCharles B. Irvin Family FundIvie & Associates IncChandresh IyerIzumi FoundationBeth Jacobs-Ward and Robert M. WardJanci FoundationKatherine JansonMr. Jon R. JensenMr. Joshua JerniganJohns Hopkins UniversityMr. James W. JohnsonRichard P. Johnson and Sharon V. AgarKarl Storz Imaging, Inc.The Katzenberger Foundation, Inc.Kauffman FoundationKeith Family FundMr. Colin KelleyMr. Brian Kelly and Mrs. Patricia

Kaneb KellyDanny and Sheila KellyKelly Family Charitable FundKensington & SonsKessel-Frankenburg Family FundKeysight TechnologiesKiit, Inc. Charitable Gift FundThe Klingbeil Family FoundationMr. and Mrs. Theo R. KlopperKnowledge Freedom FoundationMs. Carolyn KohrsMr. John Kriendler /

Jeannette and H. Peter Kriendler Charitable Trust

Lillian LaMr. Frank Ladner / Frank S. and Julia

M. Ladner Family FoundationLam Research FoundationMr. Laird LandmannDorothy Largay and Wayne RosingLouise LarsenMr. and Mrs. George LarsonRhett Lawrence

The Kors Le Pere FoundationMs. Jean LeBreckMs. Crystine LeeWilliam Lefavre FundShirley and Seymour Lehrer /

The Lehrer Family FoundationLauren LeichtmanMr. and Mrs. David LeRouxLiberty MutualBrigid and William LichtenbergerCharles and Helgard LiechtiMs. Sarah Jane LindThe Linden Family FoundationMr. Mack C. LindseyLinked FoundationSarah and Peter LionLisa FoundationMr. Igor Liskovets and

Ms. Bianca LingLLH/LHM FoundationLLR IncMichelle LongAdrienne LongThe Looker FoundationDenise LudwigWillem LuijtJudith and Glenn LukosMs. Jane M. LynchThe M & M FoundationM&W NYE FundMs. Florence M. MagassyAbdul I. MarafieCalvin and Phyllis MarbleKim Margolin, M.D.Matilda Jane ClothingG. E. Mauser and D. H. MauserKaren MaxfieldSandy MayerTom MayerMr. and Mrs. Thomas R. McCarthyMr. Timothy W. McCormickPatricia McDonnellMcMaster-Carr Supply Co.Brian & Gillian McNamee FoundationDaniel McNaughtonElizabeth McPhaulMedallion BankNaresh MehtaPatricia and Helmut MeissnerGary Mich and Deborah DrehmelMs. Martha MichelbacherMiller & Chevalier Chartered

Mr. and Mrs. Anthony F. MillsEvan MirapaulThe Cynthia and George Mitchell

FoundationModak Family FundMontecito Bank & TrustMr. Bill Morris Jr.MSG Sports and Entertainment, LLC.MTE FundMr. Larry MullinaxPeter MurrayNAF Financial ServicesJana and Brian NeffA. Nesbum and C. Kenney

Charitable FundMr. and Ms. Anthony B. NesburnMr. and Mrs. Henry M. NevinsNew Horizons Gift FundNoah Clothing LLCNajma and Amjad NooraniMr. and Mrs. Jack NorqualNOW Health Group, Inc.Emily NugentO’Callaghan Family FoundationT. Michael O’ConnorOMAZE Inc., a Donor Advised

Fund of Renaissance Charitable Foundation

Oppenheimer & Co, IncLeslie OrdwayOrnell Charitable TrustMr. and Mrs. Frank R. Ostini /

The Hitching Post & Hitching Post Wines

Lisa OzLaura A PahlerThe Pajadoro Family FoundationParamount Export CompanyParamount PicturesFess Parker Family FundParnassus InvestmentsMatthew PastsDr. Jack P. PattersonArleen PaulinoMr. and Mrs. David T. PeirceMr. David PerezPerforming Arts Center

San Luis ObispoPershing Joint AccountMarkus PerssonThe John O. Peterson Charitable

Trust Fund

F Y 2 0 1 8 I N V E S T O R S C O N T I N U E D



PG & E Corporation Campaign for the Community

Mr. and Mrs. Nicholas PihakisMr. and Mrs. John S. Pillsbury IIIPolak Charitable FoundationPolycomp Trust CompanyPrecision Medicine GroupPresqu’ile WineryPrime FinanceMr. and Mrs. Ron PuliceQlik Technologies Inc.Qualcomm Inc.R.K. Squire Companyrag & bone industriesRayati Family Giving FundReal Deal Fitness IncRed Bank RivercenterReimers Family FundJoseph H. Rice FundThe Grace Jones Richardson TrustMs. Penny RidgewayRobert W. Baird & Co. Inc.Jeffrey and Wendy RobinsonMr. and Mrs. Joseph RodaTony and Kyra Rogers FoundationMr. and Mrs. John B. RomoRobert RostonMr. and Mrs. J. Paul RostonMr. Sterling RubySalient CRGT, Inc.Ms. Marilyn G. SalonJeffrey and Maryam SalonMr. and Mrs. Richard SanfordEthel Josephine Scantland

Foundation, Inc.Mr. Wido L. SchaeferMr. and Mrs. John SchnaglStephen B. SchottMr. Gage A. SchubertMs. Margaret SchultzThe Scoob Trust FoundationByron C. Scott, M.D. and

Mrs. Deborah ScottSelect Equity Group FoundationSempra Employee Giving

NetworkMr. and Mrs. Michael SharpShaw Family Charitable FundMs. Judith W. ShehanShell Oil CompanyShelley Family FoundationMr. William Shihara

Ruth and Jay ShobeMr. and Mrs. George ShortDerri ShtaselCarol K. SigelmanMr. and Mrs. Bhupi SinghPhilip SkeeteMr. and Mrs. Patrick SmiekelMs. Karen Chase SmithFred R. Smith FoundationMr. Tim Snider and Mrs. Ashley

Parker SniderMr. and Mrs. Randall V. SolakianMr. Jeffrey SpauldingThe Florence and Laurence Spungen

Family FoundationSpurlino Family Fund IIISt. Louis Community FoundationE. Warren Stadler Gift FundCorina StanescuSteele Family FoundationEunice M. StephensSteps Apparel Group IncArthur & Edith Stern Family

FoundationMr. and Mrs. Sebastiano SterpaLarry S. StolzenburgMr. Jamie StrongJ. William and Helen D. Stuart

FoundationPatrick StumbergSidney SuggsSunrun IncorporatedMr. and Mrs. John W. SweetlandMs. Roselyne C. SwigSymantec CorporationRichard TalmadgeTeam Belvedere LLCTIF Foundation FundMs. Mary P. Tighe and

Mr. Andrew M. LiepmanThe Tomeo Family Charitable FundTorchmark CorporationTravelStore Inc.Silvia TrilloTurpin Family

Charitable FoundationUniHealth FoundationUS Joiner LlcMr. Raymond ValdesVirginia S. VasquezVatera Holdings, LLCNancy Verghese

Vietnamese Buddhism Study TempleThomas VollersElizabeth WachsWayne and Beth WaggonerDavid WaldockMr. and Mrs. Walker J. WallacePeter and Denise WalshMr. and Mrs. David WaltzMr. Victor WangMs. Barbara WankWeingart FoundationWells Fargo BankThe Wenden FoundationWest-Ward PharmaceuticalsMr. Paul A. White and

Mrs. Erika K. WhiteEleanor WilderCheryl WiltonRalph and Ann WinnZekarias WonduMr. and Mrs. George S. Writer, Jr. /

The Writer Family FoundationMr. and Mrs. Ray Wurwand /

Wurwand Family FundTony YanowMr. David M. Yocum IVPeter and Susan Young

Family FundZ Justin ManagementZeta Interactive Corp.Ms. Augusta ZimmermanZisson Foundation, Inc.Elizabeth ZitrinMr. Bob ZuckermanGinger Zuidgeest

($5,000 +)

1 Timothy 6:17 FoundationA. Philip and Maureen M. Handel

Charitable FundAction Wholesale ProductsMr. and Mrs. Jeffrey AdamsAdventure Credit UnionAdeel AfzalAgilent Technologies, Inc.Ehsaan AkhtarAldrich Family Charitable FoundationAlexandra Chasin Gift ExchangeMichael AlfordMr. and Mrs. Kent Allebrand / Turpin

Family Charitable Foundation

Glen AllisonAlma Rosa WineryMr. Warren AlpernThe Herb Alpert FoundationAmazon Smile FoundationThe American Gift FundAmerican Institute for Foreign StudyAmerican Society for Peripheral NerveAmistad CanadaVikram AnandanCorey and Jill AndersonMrs. Sally M. AndersonAziz AnsariArlen and Anna FundMs. Laurie Ashton and

Mr. Lynn SarkoAssociation of Gaming Equipment

ManufacturersAT&T Community Giving ProgramAtaccama Corp.Austrian American Council WestGokhan and Esin AvkarogullariB & B FoundationBachman Family Charitable FundJohn Baldessari Family

Foundation Inc.Ballew Family Charitable FundThe Barberi Family TrustMr. Samuel P. BartlettMs. Kara L. BartonBauta Family Donor Advised FundBay Area Air Quality Management

DistrictMary Ellen BayerMs. Barbara BeckerDr. George L. Becker Jr.Mr. Steve BeckmenMr. and Mrs. John R. BehrmannMary BeitnerJustin BellMs. Elizabeth S. BellamyMr. and Mrs. Arnold Bellowe /

The Arnold and Jill Bellowe Family Foundation

James BeltMr. and Mrs. William BennettRachel BensonJoan K. Benziger FoundationKathryn W. BerensonK. BergerMs. Tori Moray and

Ms. Kristin Bergstrom

Jill H. BerlinerKatherine BerzineDr. Paul BessetteMr. Antoine BetheaCass BirdThe Birk Family FoundationGalya BlachmanMarc BlacksteinJudy & Jim Bloom Charitable FundBlueScope FoundationMs. Lisa Popick BlumThe Bodnar Family Charitable FundMr. and Mrs. Ronald J. BoehmBoeing CompanyAlex BoguskyJennie Bonney and Isaac Shapiro Ms. Elizabeth S. BowlesMr. and Mrs. David F. BoydPaul and Gail BradburyChuck BradkeyDavid Bradley and Lorie HewittJudith BrakebushMr. and Mrs. Jeffrey BranchMr. Fred BranderJohn and Susan Brands FoundationJeff and Kimberly BrantleyMr. Robert BreardNeal BrennanKevin R. BrineGayle BrockJuanita BrooksCornelis BrouwerMs. Patricia BrowningMr. and Mrs. Rinaldo S. BrutocoRomia BualDeborah BuninKevin BunkerDouglas BurgerBurketriolo Family FoundationMr. William S. BurtnessMichael BurtonMr. Bart W. Bussink and

Ms. Ann JenkinsGrant ButlerThomas ButlerMr. and Mrs. Frederic ByrnesC. Grace Grier LLCCornelia CainMr. and Mrs. Jack CamielCap Food Services CompanyCarboniteCardno Inc. Infrastructure


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Cardthartic, LLCCatherine CarlileBrian CarlsonThe Carney Family Charitable

FoundationMrs. Doris CarterCell Signaling Technology, Inc.Ceres FoundationChatham Financial FoundationMs. Denise S. ChedesterEric ChengChevron Global FundAdam and Lin CheyerMr. Ted F. ChiangMr. Craig B. ChisholmThe Carol Chow Charitable FundChubb Charitable FoundationCiner Resources Corp.William CiprianoMr. and Mrs. Doug CircleMr. and Mrs. Bill ClappMrs. Amy Sue ClawsonMark ClementMr. Jon CoffinMr. Jerome Cohen and

Ms. Madeleine DelmanThe Peter A. And Elizabeth S. Cohn

Foundation, Inc.Coldwell Banker Residential Brokerage

Community FoundationMarilyn and Schuyler Cole

Charitable AccountAJ and Jessica ColletteJerod CollinsJason ConawayThe Congregational Church of

Middlebury UCCCharles CooperDr. Kay L. CooperCore AcademyKenneth CorhanAnn and Chris CottrellCowan Liebowitz & Latman, PCCrane Country Day SchoolMatthew CressaKevin CroweCrowley Cares FoundationMr. Michael CrumCsurilla/Craighead FundMr. and Mrs. Brian L. CummingsMr. Stephen CummingsMr. Rich Curd

Mr. Matthew J. Currie and Ms. Lourdes L. Pique

Joshua DahlbyVincent DaileyD’Augustine FoundationMary Ellen DavidsonDavita Village Trust, Inc.Mr. Alan P. DaytonThe Dayton Family FundMs. Suzanne DeanCarol DebordRuth DeckerMs. Barbara Delaune-WarrenCarlos DelgadoDebbie DeSantisMs. Ann DetrickMr. and Mrs. R.B. DettmerMelissa DickensMr. and Mrs. Timothy C. DittmannLarry DittmarMichele and Todd DominickMr. and Mrs. William B. DotyKerry P. DoyleDriveWise AutoCameron DrummondDuane Morris, LLP. Attorneys at LawDuBose Family FoundationThea DuellKathy DyeE TEdmonds School District- No.15Egbert-Gilroy FundGeorge EhrhardtThe Eisner Foundation, Inc.Lior ElazaryAshraf A. ElellaElkay CompaniesMr. Robert ElliottMs. Mary Ann EndoEnlightened EquipmentMr. and Mrs. Patrick R. EnthovenPatricia FarquharMr. Steven H. FederMr. and Mrs. Thomas V. FehsenfeldDr. Julie FeinsilverMr. John FelsenthalThe Felsenthal Family FundFenwick & West LLPMr. and Mrs. Seth P. FergusonFerrante Charitable Gift FundFields Family Charitable FundGEP Finance

Boni FineMr. Stephane H. FinkenbeinerFire Monkey Fund of RSF

Social FinanceFirst Congregational Church of

Fall RiverFirstbornDavid and Kathleen Fischhoff FundFish & Richardson PCJames Fishkin and

Shelley Fisher FishkinFlagler Hospital St. AugustineMr. Jody FleischerWilliam FlynnThe James A. and Jane C. Folger

FoundationMajorie O. FolletteBrian FooMr. Eric ForbesAndy FordFred ForsterFoxen Vineyard, Inc.Frank Fletcher FundDonna and Harley Frank FundFranklin Philanthropic FoundationFrankston Family Fund, Jeff and

Sherri FrankstonMs. Rebecca FreemanMr. and Mrs. Paul FreyFriedman Family FundDorothy Castle FritzeColby FryFulcrum Gift FundGabbard Family Giving FundThe Frane Gabert Charitable FundGeorgiana GagnonKristine and Matthew GaierMarisa GallagherMr. and Ms. William S. GaudMr. Robert GauntMrs. Louise B. GaylordLeo M. GaynorMr. Timothy GebardMs. Audrey E. George and

Mr. Kurt KnutzenKenneth GermerMr. Jon GilletteMr. and Mrs. Owen B. GilmoreMr. Edwin GironGlendale Kiwanis FoundationMr. James GlennJudith Gleysteen

The Glickfeld Family Charitable FundMs. Roberta D. GodfreyGoertzel Family FundGoodwin Family Memorial TrustRich Davis and Tylynn Gordon

Charitable FundMs. Danielle GouletteGil GrahamThe Grassini Family

Charitable FoundationGrassini Family VineyardsMr. Gary GrayMs. Jennifer GreinerMorton GroszMs. Nancy GunzbergMrs. Ruth L. GuthriePeter and Leslie Hadden Family FundThe Paula and Stephen Hamon FundAman HandaThe Hanley FoundationHanson Bridgett LLPMr. Michael HarleyGrace and John T. Harrington

FoundationLu-Ann HarrisRoger Clive HarrisHarte HanksHarvard UniversityHayes Family Charitable FundPhilip HazelMr. and Mrs. Lawrence D. HazzardKathleen HealyMs. Babette HeimbuchHeimbuch Family FoundationRichard and Shirley Hemingway

FoundationJohn HendersonMatthew HernandezChristine HertzPriscilla Higgins, Ph.D. and

Mr. Roger W. Higgins / Higgins-Trapnell Family Foundation

Sarah HilePaige HillHirsch Family FoundationDr. James M. HirshbergJeremy HitzigYvonne HoHobson Motzer IncorporatedMr. Daniel HochmanMr. and Mrs. Joseph A. Hoffman

Mr. and Mrs. Ralph HoffmanPeter and Nan HolmesJennifer HomTeri J. HoopsJ. HoytJoseph HrapekMr. Ken HughesMr. Peter D. HuntKelly HunterICON PLCMs. Mary C. IlkkaIllinois Tool Works FoundationIndia Association of NashvilleInner Circle Club of BostonInterlude Home Inc.InTouch Technologies, Inc.Mr. and Mrs. Jack IntratorInvocaIroquois Avenue FoundationMr. Rick IwamotoMr. James H. JacobsDaniel M. JacobsonAlexander JedynskiJenny Schatzle, Inc.Carol JoffeWilliam JohnsonJenny JohnsonRoberta JordanRuth JordanRobert JoyceJenny JungeblutAndrew JustMin KahngSteven KantorMr. Charles KaplanWilliam KargmanMs. Ellen KauferKenneth KaufmanKaufman Family FoundationKayne LLCKCRW Foundation, Inc.John KeenanBob KehlorMr. and Mrs. Garnett KeithMs. Amy KelleyCharles KellyEthel Kennedy FoundationKenney Family Foundation, Inc.Nancy KimMatthew KirschRoderick G. KishBruce Allen Kleist Fund



Mr. Alan E. KligermanMr. and Mrs. David L. KlugerAlexa KnightJennifer KomiteeJessica KoslowRichard A. KraftMs. Alyssa Kreider and

Mr. William SunderlandVincent KueffnerJulie and Marc KummelJohn and Laurie KurtzerLa Carnita Canteen, Inc.La Costa Verde LLCLisa LabowitzFilipe LacerdaKristen and Dennis LacroixDr. and Mrs. David LaddenWang Chee LamAnn LampertCaroline and John Langan

Charitable FundPhilip LargayMr. and Mrs. Eugene J. LauerDeborah LawlerMr. Larry O. LawrenceLazer-Walker Charitable FundLDA Memorial TournamentEsther T. LeJames and Katherine Ledwith

Charitable FundDouglas LeeMs. Karen LehrerLawrence LeibowitzThe Lennox Hotel LLCAnthony M. Leonardi-CattolicaHeidi LeVay Donor Advised FundKenneth LevineLGS Innovations LLCSibyl LiedtkeJonathan LightMr. Andrew B. LimSheldon LimBen LinHolly LindLindsay Corp.The Liu 1992 Family TrustLoeks Family FundRoland LokreCarey LovelaceMichael LoweLTK Engineering ServicesMr. and Mrs. William B. Lydens

Mr. Joseph MacDougaldBrendan MacLeanThe Stephen and Emily Magowan

Family Charitable Giving FundMr. and Mrs. Steve MankoffSuzanne and Steve Mankoff

Charitable FundGideon MarcusMarcus Family Charitable FundSharla MartinezMary’s Court FoundationGudrun MasonArthur J. MatasCarl MattiolaMcAllister Foundation IncJohn P. McCaskey FoundationMegan McConnellJohn and Mary Beth McGreevyArnold McKinnonMcKool SmithMr. Douglas J. McMahonMs. Mary A. McRaeMr. Cal MeekerKatherine MeierMeiychang FoundationMr. Matt Mendelsohn and

Ms. Elizabeth MitchellMenhall, Inc.The Mentholatum Company, Inc.Mr. Craig MeyerLori MeyerMidwest PetroleumBilly MikelsonPauline H. MiliusGregory and EJ Milken FoundationThe Gerrish H. Milliken

FoundationChristopher MinunniMia MitchelDavid and Agatha Moll

Charitable FundCarolyn MoonPerry MoormanMoran Family Charitable FundMs. Rebecca J. MorrMr. and Mrs. Anthony MorrisJoseph MorrisonMichelle M. MuellerJoan MuethMyra MunsonMutual of America FoundationNational Electrical Carbon Products

The National Institute for the Clinical Application

Charles NealNelson Family Giving FundMr. and Mrs. Gary L. NettNew England Biolabs, Inc.New West CateringSteven & Lenore Newman

Family FoundationTracy NicholasMichael NielsenMr. Jeremy NighohossianJohn NillesAaron NivertCharlie NolanNonBelief ReliefSunil J. Noronha and Chitra DoraiNorth Texas Ace FoundationMark NoseworthyK. O’ConnellWilliam and K.C. O’DonnellMrs. Janice Casserly OlivasOMAM Charitable Foundation, Inc.O’Melveny & Myers LLPMs. Lee K. OpreskoMs. Ellen Lehrer OrlandoOrpheus FundThe Aline Underhill Orten

Foundation Inc.Kristin L. OtisThe Overall Family FoundationPagny Health & Research FoundaitonParagon Vineyard Co IncRoss ParkeCarol ParrotMr. John Parry and Mrs. Julia ParryPartner Engineering and ScienceMr. Samir A. PatelMs. Kylie PattersonIris PattilloMr. and Mrs. William C. PattisonDiane L Paul Donor Advised FundPaul Global Benefits Inc.Mr. and Mrs. Carl PayattPayne-Brodeur Giving FundMichael M. Peacock FoundationLisa PedersenPegasus Family FoundationBryan PelzPenguin Random House Pennsylvania State Employees

Credit Union

Veliz PerezJamie PerezCarol PerryShawn PetersenDonald E. and Jo Anne Petersen /

The Donald E. and Jo Anne Petersen Foundation

Janet PetersonLeo PevznerThe Phantom Laboratory, Inc.Robert and Janice PiatakTami Pilot-MatiasJoseph and Nancy PoekertPolitics and ProsePolygon US CorporationDr. and Mrs. Stephen B. PopeMs. Mary L. PorbeckPost Family FundTabatha PottThe Louis and

Harold Price FoundationThe Principio FoundationKen and Marilyn PrindleJohn and Donna PruettMs. Marilyn PughQ & V Peterson Charitable FoundationLindsay QuandtMs. Angela RabkinPennee RaffettoE Carmen RamirezPolly RattnerThe Raynie FoundationMr. Lowell A. ReadReddick Property InvestmentsCharles RedlickDavid RedlickRegions Financial CorporationMr. and Mrs. Garland Reiter /

Garland and Brenda Reiter Family Foundation

Garland and Brenda Reiter Family Foundation

Millie ReithMr. Randy Rettig and

Ms. Ashley Williams RettigReverie MoonMr. Herbert F. Riband and

Mrs. Jeanine T. RibandHolly RiceRobert RichMr. Steve E. RichmanMr. Douglas Rigg

Patricia A.M. Riley 2013 TrustRiley’s World Inc.Maureen and Frank RiordanRitter Family Charitable FundWilliam RivoirRock Star Salon LLCLarissa RodriguezMr. and Mrs. David B. RoeSunny & Abe Rosenberg

Foundation, Inc.Mr. Melvin Rosenfeld and

Mrs. Mary G. Kimble-RosenfeldSheldon RosenzweigMs. Lois M. RozetRSF Social FinancePhil RuppannerVicki RytelCrystal SaccaChristopher SaccaMr. Chris SaccheriChong Hwa Saint Tao YuanJanice SakkalRon SaksSalesforce FoundationRichard & Bette Saltzman FoundationMr. Joseph A. Sanford Jr.Sanford WinerySanta Barbara Home Improvement

CenterSanta Barbara Music FoundationEsteban SantosMs. Susie L. SaxtenMs. Elizabeth Ford SaymanDr. Andrew Schachter and

Mrs. Jean SchachterPeter ScheibelThe Schleyer FoundationSchlinger Family FoundationMichael SchmittJennifer SchollerMr. and Mrs. Taylor E. SchollmaierMr. Robert Schwartz and

Mrs. Jane Zwisohn SchwartzScience of Spirituality, Inc.Edward ScottEd ScrippsSea Forward FundSeaViewLee SehamMr. John SeiberlichSeverns Family FoundationBRV Sharma Family Foundation Inc.


Mr. and Mrs. Jerold M. SheaZhixian ShenSher Holdings, Inc.Mr. Michael ShoffeittLee F. ShoughMs. Jacqueline B. ShragoHua Zang SiSidewater Family FoundationScott L. SiegalMs. Carol G. SiegelMr. and Mrs. Marc SilverGeorgia SimonSkoll Global Threats FundMs. Janet C. Chubb SlagleSolot and Karp Family FoundationSomashekar Ketz FundMs. Vikki M. SpencerThe Norman F. Sprague Jr. FoundationSt. Anne’s Belfield, Inc.St. Anthony’s Community AssociationSt. Elizabeth’s ChurchSt. Francis of Assisi Episcopal ChurchMr. Landon StablefordMr. and Mrs. Warren R. StaleyStarker Forests Inc.David A. Staudt Memorial FundSteele Family FoundationAaron SternStern Family FoundationJohn StevensonDr. and Mrs. John F. StollMs. Jill A. Stone and Mr. Kurt

HoglundRoger and Susan Stone

Family FoundationClinton StrongMs. Rosalind C. StubenbergMr. and Mrs. Selby W. SullivanJames SullivanMr. Eugene SunSubodhkumar SundaramThe Margot Sundheimer FoundationMr. Christopher SuozzoJames A. SweigardSteven SwigMarjorie SwigKimberlee SwigMary TaddeoAustin TaghaviStella TaglyanTalley Donor Advised FundTang and Gau Global Fund

Patricia TannerIra and Shelley Taub Gift FundTyrod TaylorThe TCW Group, Inc.Ms. Grace Helen ThomasMr. and Mrs. Ray ThomasMr. John G. ThompsonRobert ThorntonThunderridge High SchoolMr. and Mrs. Thomas E. TigheEdwin TollesKaren TolleshaugJudy and Mark TownsendMs. Lila E. Trachtenberg and

Mr. George S. HandlerTreatt USA Inc.TriNet CaresAlisa TrisorusJoshua TsengMrs. Evan S. Turpin / Turpin Family

Charitable FoundationTwitch InteractiveMr. and Mrs. John TynanElizabeth TysonUBSDonald UngerUnity Health CareUniversity of Southern CaliforniaUpperquad LLC.Tom and Nancy UptonUS FitnessJames ValatakasClark Van EppsDieter VandenbusscheBeverly J. VaughanVenado Middle SchoolMr. Rohit VidwansVirginia Mason Medical CenterVoglewede Walker Family FoundationVolerJerry C. Wagner JDHarvey & Leslie Wagner FoundationMr. and Mrs. David WalkerClarence Wallace & Dolores Lynch

Wallace Family FoundationMarc WangsgardWaterman Family Giving FundMr. Harold S. WayneWCR/Economy Data FoundationSarah WeibleAndrew WeigelIrvin and Elayne Weinstock

Weinstock Mos Charitable Gift FundWeymouth High SchoolMonica and Marvin WheatGary WheelerJohn WhitakerBarbara & David Whitcraft & HeinslerLynne and Hunter WhiteMr. and Mrs. Russell F. WhitfordMr. Claude P. WhitworthMr. Paul F. WhyanoRichard WilsonMr. and Mrs. Michael R. WilsonFrank Wilson and Deborah WilsonJames WilsonWinfield FoundationMrs. Dorothy D. WinkeyWinky FoundationAlison H. WintmanWisconsin Evangelical Lutheran Synod

- WELSZoe Nightingale WisemanSharon and James WrightNancy WrightMr. and Mrs. Clifford WyattMs. Ann S. WymanMr. and Mrs. Richard B. WymanThe Yeetee LLCYesware EngineeringYogiMr. and Mrs. Christian V. YoungYPO - Santa Barbara Chapter, Inc.Mr. Chong Hwa S. T. YuanSaqib Zahid ZahidMr. Stanley ZanarottiZevenbergen Capital Investments LLCZhu Enterprises, Inc. /

MyGiftStop.comMr. Stephen ZimmermanMr. and Mrs. Dick Zylstra



MA

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IN MEMORIAM

For their extraordinary generosity, personal kindness, passionate guidance,

and bountiful energy, and for their dedication to the health and welfare of

people everywhere. They will be greatly missed.

Julia Allen

Howard C. Arvey

Gilbert L. Ashor

Laurie M. Berg

Joseph F. Bleckel

Jerry Brownfield

Laurie Converse

Frank J. Cosenza

Lue Cramblit

Allan Ghitterman

Josephine Gower

Elliot T. Grant

Joseph E. Jannotta

Richard A. Johnson

Sylvia Karczag

Seth Kunin

Sam Lane

Lawrence Lu

John McManigal

James Mitchell

Mark T. Montgomery

Richard Olivas

Janice L. Pegram

Thomas Pojunas

Clara R. Priest

Penny Ridgeway

Rebecca Riskin

Henry B. Schoenberger

Harris W. Seed

Jeffrey Sherman

Esther M. Smith

Barbara Spaulding

Hilton M. Sumida

Sandy Techavalitpongse

McLane Tilton

Jill Vander Hoof

Bets Wienecke

Brett W. Wilson

Peter K. Wilson

Margaret Wright


SERVE PEOPLE

Improve the health of people living in

high-need areas by strengthening fragile

health systems and increasing access to

quality health care.

LIFT FROM THE BOTTOM, PULL FROM THE TOP

Focus on serving the most medically

underserved communities in the U.S. and

abroad, working with the world’s leading

companies, greatest thinkers, and best

institutions.

BUILD UPON WHAT EXISTS

Identify, qualify, and support existing

healthcare providers over the long-

term and serve as a catalyst for other

resources.

REMOVE BARRIERS

Create transparent, reliable, and cost-

effective channels to enable medically

underserved communities access to

essential medical resources (particularly

medicines, supplies, and equipment).

PLAY TO STRENGTHS, PARTNER FOR OTHER NEEDS

Engage in activities that address a

compelling need and align with our core

competencies and areas of excellence.

Ally with an expanded network of

strategic partners who are working on

related causes and complementary

interventions to leverage resources.

ENSURE VALUE FOR MONEY

Generate efficiencies, leverage resources,

and maximize health improvement for

people with every dollar spent. Maintain

modest fundraising and administrative

expenses.

BE A GOOD PARTNER & ADVOCATE

Give credit where due, listen carefully,

and respect those served and those

contributing resources.

RESPOND FAST WHILE LOOKING AHEAD

Support the immediate needs of

survivors by working with local partners

best situated to assess, respond, and

prepare for the long-term recovery.

DO NOT DISCRIMINATE

Deliver aid without regard to race,

ethnicity, political or religious affiliation,

gender, sexual orientation, or ability

to pay.

AIM HIGH

Combine the best of business,

technology, and public policy approaches

for the benefit of people in need.

GUIDING PRINCIPLES

Documents

YOUR SUPPORT - Direct Relief...4 CONT’D $89CASH SUPPORT IN-KIND SUPPORT 0 200 400 600 800 1,000 1,200 $ MILLIONS FY 14 $45 5M 435 20 FY 15 865 32 $89 7M FY 16 750 29 $77 9M FY 17