"The Earth is but One Country
and Mankind its Citizen"
– Bahá'u'lláh





China Program Report 2003



Financial Status

The Foundation would like to extend its gratitude and appreciation to the following funding partners and agencies, and individuals for their generosity in supporting the operation of Badi Foundation office and the development of its program. Major grants have been received from

1. The Office of Social and Economic Development in Haifa
2. Western Union Financial Services (HK) Ltd and
3. The First Data Western Union Foundation

Badi Foundation China Program
Extract of Income and Expenditure for the year ended 31 Dec. 2003
US Dolar ($) US Dolar ($)
INCOME
Donations
Individual 23,453
Grants 123,056 146,509
Consulting Income 5,655
Endowment Income 77,600
Total Income 229,764
EXPENDITURE
Administration 31,118
Project expenses 94,039
Total Expenditure 125,157

The above statement comprises some un-audited figures from August to December 2003. The financial year for Badi Foundation ends 31 July. Funding received from Western Union is for the funding period from August 2003 to July 2004.



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