2013

ANNUAL REPORT

A Letter from the Founder

important roles in the organization. In August 2013, Emily Wanderer joined the EverGift team as our Program Coordinator. In September 2013, Kevin McPherson was brought on as our Chief Financial Advisor. Jonathan Wunderlich joined our board in November, as our Executive Development Advisor. These three key additions to our team have been the driving force of our momentous growth in 2013. As well, 2013 brought together a wider family of committed individuals, organizations, and corporations, each of which are the building blocks for our success. Dear EverGift Family, Evergift began 4 years ago as a vision to fill a void; it seemed that philanthropic giving could evolve to something even better, something permanent. Matt and I started EverGift four years ago with the shared vision of supporting poverty alleviation efforts through the efficient provision of loan capital to social enterprise organizations both internationally and at home. Today, Evergift is proud to see that vision becoming a reality as our organization grows and improves the lives of communities across the globe. We focus in three core tenets: 1) invest in people that can drive change in their own communities 2) empower women as key agents of change 3) require that each project hold strong promise for financial sustainability. 2013 in review Back in 2009, EverGift began by investing in microfinance organizations across the globe. By 2013, the organization had grown to include investments in social enterprises that tackle social problems with market-based solutions. This new strategy sparked a relaunch of our platform, website, social media strategy and attracted top tier talent to fill Key partnerships & projects in 2013 Hand in Hand India has been in operation since 1988 in Kancheepuram District, Tamil Nadu, India, expanding poverty reduction programs in rural areas. Programs aim to build self-reliance among disadvantaged groups through sustained income generation. TRIUM and EverGift teamed up with Hand in Hand to aid in sustainable program expansion. Brick by Brick Construction in Uganda is part of a growing phenomenon of social businesses started by non-profits which see a market solution to poverty. Brick By Brick Construction trains and employs Ugandans, providing them a living wage and other benefits. They are then hired by government international aid initiatives to build schools with their sustainable, low-carbon-footprint bricks. The Business of Dreaming The DREAM Project in the Dominican Republic provides quality education for 4,000+ children focusing on early childhood education and high quality basic education. The DREAM Project facilitates the Partners of the Americas program, A Ganar (Lets Win), to give youth workforce development and life skills training,

encouraging upward mobility, living wages and education. The DREAM Projects Young Stars program provides education for youth ages 2-18 and the A Ganar program covers ages 16-24, though the most challenging barrier is still the lack of stable employment. EverGift is teaming up with The DREAM Project to provide access to loan capital for entrepreneurs that otherwise would not be a loan candidate due to age or lack of collateral.

childcare providers, working responsibly, honestly, and with expertise to help your child be more intelligent through fun and creativity; so that the whole family can enjoy the quality of our childcare services. This is an opportunity to complete the lifecycle that The DREAM Project and A Ganar have started. An impressive 70 percent of A Ganar students are employed or re-enrolled in school even years after the programwe hope that together we can hit 100 percent. Three goals looking forward Over the next three years we aim to 1) attract new supporters; 2) build our team with diverse talent; and 3) strengthen and mature new and existing partnerships. The latter is perfectly exemplified by our new partnership with The DREAM Project. This story is one of many; dreams are being built by the vigorous work of individuals in many corners of the world. Thank you for being a part of sustainable solutions to poverty. We are excited to continue this journey with you. May 2014 bring greatness. Sincerely,

In partnership with these two organizations, EverGift is working to develop the first organized nanny service in the Dominican Republic. There is a unique opportunity for this type of service because of strong direct foreign investment in resorts, hotels, and vacation home communities. There is no established and accredited nanny service to meet the needs of this growing international community. With financial support from our partners at TRIUM Fund, technical business support from EverGift, and employee development from A Ganar and The DREAM Project, the nanny care service will provide gainful employment for 13+ women previously unemployed. These women will be empowered by a democratic ownership structure in which they will have rights and voting power over benefits such as health care. This partnership is unprecedented for all organizations involvedwe are excited to see the nanny service building momentum each day toward their mission: To be easy-access

Michael Douroux EverGift Co-founder

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WE BELIEVE!quality social enterprise is the key to breaking the cycle of

poverty and economic disparity. The evolution of philanthropy is channeling capital to social enterprises that design innovative, market-based solutions to the worlds toughest problems. EverGift connects donors who are passionate about social change with worthy social enterprises.

OUR REACH: We support

social enterprise all over the world.
NANNY COOPERATIVE IN THE DOMINICAN REPUBLIC

BRICK BY BRICK IN UGANDA

ARTISANS ASSOCIATION IN THE DOMINICAN REPUBLIC

HAND IN HAND IN INDIA

WHAT WE DO
EverGift identifies and vets social enterprises that fit the ethos of our sponsors corporations, foundations and individuals. EverGift, acting as a conduit, transforms charitable funds into low-cost loans, which are then distributed to the elected social enterprise. The social enterprise works toward financial sustainability and repays the loan to EverGift. EverGift then re-applies the donated funds to the next suitable social enterprise creating a charitable donation that truly does keep on giving: an EverGift.

WHY WE DO IT
Social enterprises are important to EverGift because they empower people to solve social problems in their communities without dependence on aid. Social enterprises can help issues such as market access, value chains, financial services, and medical services. Revenue for products and services allow social enterprises to be self-sustaining; therefore, loans given to social enterprises can be invested again and againscaling their positive effects.

PROFIT BUILDS LIVELIHOOD

Social

enterprise

is

the

philanthropic method that compliments our global marketplace. Social enterprise is the application of business tactics to a social or nonprofit mission. Similarly, microfinance was created with the same ideals, to grant financial inclusion to people who had been left out of the system and were suffering as a result. Microfinance, as a social enterprise, empowers customers to make choices about their needs and entrepreneurs to take upward mobility into their own hands.

$1.20 LOAN BUILDS A FUTURE

Harriet needed only $1.20 to start her now thriving business. Harriet lives in a small rural community near Lake Victoria in Uganda. Like many women, she is the sole ! breadwinner for her family. She first works to meet the basic needs of her family, food and shelter, then must also shell out frequently for healthcare costsshe remembers a time, not too long ago when there was little money left over for her childrens school fees; arguably, the most important agent for upward mobility. Luckily, Harriet was able to access a micro loan. She bought 3 chicks for $.40USD, after 6 weeks she sold them for a 500% profit. When EverGift visited Harriet, she had grown her business and had 300 chicks. Access to financial Harriet, like an her, services and to equip has many their most empowered entrepreneurs children ! with

Lake Victoria, Uganda

HARRIET

educationthe

important ingredient in poverty alleviation.

2013
TRIUM LEGACY FUND

Over 10 years, Hand in Hand helped create and sustain 1.6M jobs in India.

A PERFECT MATCH
Unmatched for efficiency, Hand in Hand stood out to TRIUM as their first loan recipient. This year, TRIUM and EverGift have teamed up to provide Hand in Hand a loan that will grant financial access to a vital group of entrepreneurs.

UNLEASHING THE UNBANKED

Indias rapid economy is leaving an important group in the dust some women entrepreneurs arent receiving the financial services they need to meet their potential. Microfinance products dont meet their advanced needs but they are turned Women down with from big banks because they dont have collateral. medium-sized businesses feel stuck. By partnering with TRIUM, Hand in Hand was able to do extensive research into how to serve these entrepreneurs best. In 2013 Hand in Hand was able to launch a pilot programoffering medium sized loan products, to medium sized enterprises fulfilling the needs of this missing middle.

SERVING THE MISSING MIDDLE

Hand in Hand identified the 10 women of Their entrepreneurs Kanchipuram from and regions

Chengalput.

businesses range from screen printing to doll making, and each of them have business training and experience. Hand in Hand gave each entrepreneur 50,000INRabout 830 dollars; this will be enough to create significant growth in their medium-sized enterprises. Each loan is to be repaid in 24 monthly installments at the rate of 15% interest on reducing balance basis. This pilot is the first step to integrating the missing middle into the quick current of the Indian economy; the most inclusive economies are the strongest economies.! !

DONORS & SPONSORS

FOUNDING DONORS
We recognize the generosity shown by the following individuals who gave at a high level to create the foundation that EverGift will forever stand upon.

FAM BAYLESS ADAM METZGER TODD DELANO MATT WANDERER MICHAEL DOUROUX THE WANDERER-BAYLESS FAMILY RALPH AND MARCIA WANDERER
!

INDIVIDUAL DONORS: Paul Pickholtz Jonathan Wunderlich Barbara Wanderer and Bob Altaras Ken and Teresa Wanderer Jean-Pierre Khoueiri Catherine DeLaura

Candace Honey Julie Bayless and Doug Vakoch Mike Wanderer CORPORATE SPONSORS: TRIUM Legacy Fund Restore Health

EVERGIFT WOULD ALSO LIKE TO THANK THE FOLLOWING ORGANIZATIONS FOR THEIR PARTNERSHIP

"#$%!&$!"#$%!&$%'#!

STAFF & BOARD

MICHAEL DOUROUX, Co-founder MATTHEW WANDERER, Co-founder KEVIN MCPHERSON, Chief Financial Officer JONATHAN WUNDERLICH, Executive Development Advisor EMILY WANDERER, Program Coordinator

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! EverGift www.EverGift.org Phone: (800) 931-0344 Mailing Address: 1289 Deming Way Madison, WI. 53717