2014 ANNUAL REPORT TABLE OF CONTENTS

04 18 38

Our Mission Campaigns PoP Family

The Issue Back to School Board of Directors Key Programs Season of Promise Advisory Board Supplementary Programs Giving Tuesday Leadership & Staff Corporate Partners Our Fourth Gala Notable Campaigners

10 32 44 54

Impact Reach Financials Our Promise

2014 Timeline PoP in the Press Support Income Innovation Pilots Digital Engagement Expenses Accomplishments #PoPBooK With Gratitude Results OUR MISSION Our Mission

250 MILLION children of primary school age lack basic reading, writing and math skills.

A lack of quality education leads to:

We believe every child should have access to quality education.

HEALTH AND SANITATION ISSUES We create schools, programs and global communities around the common goal of education for all.

GENDER INEQUALITY

LACK OF QUALIFIED TEACHERS

FAMILIAL ECONOMIC INSTABILITY

INFRASTRUCTURAL CHALLENGES

6 7 Our Mission Our Mission KEY PROGRAMS SUPPLEMENTARY PROGRAMS

Pencils of Promise is known as a school building organization that provides access to These are the programs that support our core approach to providing access to education, but we are evolving into a learning organization focused on quality education quality education. outcomes. Within our schools, we’re implementing a dynamic, comprehensive approach to ensure quality education. We provide the means, methods and materials necessary to increase literacy and numeracy rates in developing nations, genuinely changing what a learning experience can be for a child anywhere in the world.

School Builds

We’re building schools to ensure that our students have access to a Scholarships WASH quality learning environment. We’re providing secondary school We’re teaching kids about WATER, scholarships to equip students SANITATION and HYGIENE to keep with the resources they need to them healthy and in school. attend a full year of school.

Innovations

Teacher Support We’re changing the way teachers are trained and supported to ensure that students are learning effectively. E-READERS MOMOSIGN SOLE

8 9 IMPACT Impact Impact 2014 TIMELINE

OCTOBER PoP was featured FEBRUARY JUNE in Wired Magazine Inaugurated our Announced our in a piece about 200th school in partnership with educational Mangoase, Ghana Microsoft AUGUST innovations Launched our Back to NOVEMBER MAY School campaign & Launched the WIN, Launched our No. 1 trended worldwide on a weekly internal teacher campaign Twitter with the hashtag newsletter, to update #GiveBacktoSchool our team in a smart and savvy way

MARCH JULY PoP book was released Shipped the first OCTOBER and hit the NYTimes round of e-readers Our 2014 gala bestseller list to Ghana raised $1.9M DECEMBER SEPTEMBER Through our MAY Jorge Bolom joined Season of Promise Held our 6th Annual the PoP team as campaign, we raised White Party our new Guatemala $881,754 to build 35 Country Director schools in Ghana

12 13 Impact Impact INNOVATIONS ACCOMPLISHMENTS

PoP provides access to quality, sustainable education through innovative tools, teaching methods and technologies. In 2014, we rolled out new innovation pilots to improve the way our students receive an education.

SOLE 317,404 We worked with 2013 TED prize winner Sugata LIVES IMPACTED Mitra to pilot his educational methodology, SOLE (Self Organized Learning Environments) SCHOOLS COMPLETED into select schools in Ghana. Utilizing Microsoft SINCE 2009 tablets, we hope to incorporate his revolutionary 268 ideas into PoP classrooms.

E-Readers Most classrooms in the countries we work in contain few (if any) engaging books for students. One e-reader provides a student with 100 books in both English and the local language. PoP students in Ghana can take the e-readers home, too, so they can continue learning outside the classroom. 31,240 STUDENTS SERVED

Momosign 1,936 Momosign is an innovative method for language SCHOLARSHIPS learning. It was developed by Martin Momoda and DISTRIBUTED is being used for the early literacy program in PoP. Teachers create active and engaging classrooms when using gestures from local sign languages of the deaf. Drilling with signs provides visual-spatial cues to improve memory and ultimately help young students to read.

14 15 229TEACHERS SUPPORTED Impact Impact RESULTS Student Count

300,000 30,000

250,000 25,000 3X In Laos, PoP 3rd graders score 3X higher on literacy 200,000 20,000 tests than their peers

150,000 15,000

100,000 10,000

50,000 5,000

20092010 2011 2012 2013 2014 20092010 2011 2012 2013 2014 40% In Guatemala, 40% more Lives Impacted PoP 2nd graders are literate than their peers The positive outcomes of receiving a quality education are not limited to a student who has an Schools Built opportunity to attend school. Education unquestionably has an impact on an individual level, but it also has the power to change a family, a community and even a nation. When we talk about lives impacted, we’re not just referring to PoP students; we incorporate the entire community’s population. Education boosts prosperity, leads to healthier societies, helps prevent disease 250 and reduces chronic poverty. Because of these undeniable facts, this data demonstrates that the effects of a quality education reach far beyond a classroom’s walls. 200

150 98% 33% 2X 98% of teachers in Guatemala 100 report increases in student In Guatemala, 33% more PoP In Ghana, teachers and focus due to a new PoP building 2nd graders are showing students both report that proficiency in early literacy students with e-readers 50 skills than their peers are now reading 2X as much as before 20092010 2011 2012 2013 2014

16 17 CAMPAIGNS Campaigns Campaigns BACK TO SCHOOL August 12, 2014 - October 3, 2014

As students across the U.S. kicked off the 2014 school year, PoP launched its annual Back to School campaign. This year, BTS focused on funding secondary school scholarships for PoP students, as many of them are forced to stop attending school due to a lack of resources.

Investing in education is the single most effective way to reduce poverty. A PoP scholarship gives a student resources for one year of school. The cost per scholarship is $250, but its impact on a child’s future is immeasurable.

$259,459 1,037 DOLLARS RAISED SCHOLARSHIPS FUNDED

Corporate Sponsors

+ Donated $25K to a branded “Match Day” on Sept. 23rd + Helped raise an additional $46,566 for On launch day of the campaign, PoP the BTS campaign trended worldwide on Twitter with + 226 donations were made on Match the hashtag #GiveBacktoSchool Day, breaking PoP’s all time record for most donations in a single day

20 21 Campaigns Campaigns SEASON OF PROMISE November 18, 2014 - January 9, 2015

Over the holiday season, our goal was to build 25 schools in Ghana. An estimated 75% of primary schools we visit in Ghana are in need of repairs and many have no existing structures. In some cases, students learn outdoors under trees.

We partnered with lokai during the campaign and ran various initiatives geared toward Cyber MondayGiving Tuesday Match Day fundraising and spreading the word about educational inequality. On December 1st, we On December 2nd, PoP On December 30th, we held We far surpassed our goal, ultimately raising $881,754 to build 35 schools in Ghana. encouraged consumers to make participated in a social activation a Match Day with lokai, which a socially responsible purchase. with lokai. Instead of asking helped raise an additional For every bracelet sold on our audience for donations, $77,020 for the SOP campaign. Cyber Monday, our SOP partner we asked them to use their With 288 donations, along with $881,754 35 lokai advertised that they would voices to make a difference in lokai’s donation, we raised DOLLARS RAISED SCHOOL BUILDS FUNDED donate $10 to PoP towards providing children in Ghana $108,806.03 on Match Day. building a school in Ghana. with access to education.

22 23 Campaigns Campaigns

PENCILS OF PROMISE GIVING TUESDAY December 2, 2014 Nonprofit On Giving Tuesday, we asked our supporters to give by sharing their voice. For every retweet, lokai donated $1 to build a school for children in Ghana. The result was PoP’s most engaged and most retweeted Tweet, ever.

5K 10K 15K 20K 25K 30K 35K 40K 45K Pieces of Coverage

EDUCATION Issue 50,987 37,341 RETWEETS FAVORITES

5K 10K 15K 20K 25K 30K 35K 40K 45K 50K 55K 60K 65K 70K 3,609,804 126,543 Pieces of Coverage UNIQUE IMPRESSIONS TOTAL ENGAGEMENTS The Bill & Melinda Gates Foundation did a full analysis of Giving Tuesday and Pencils of Promise by far had the most social media reach and sentiment out of any nonprofit. This was in large part due to our social media activation on Twitter and Instagram. The report also disclosed that education became the #1 issue discussed on Giving Tuesday. We also participated in an initiative on Instagram. For every photo shared with the hashtag #SharePromise, lokai donated In terms of the most widely mentioned charities, Pencils of Promise (an Education $5 to build a school in Ghana. and School focused nonprofit out of New York), was by far the most talked about, “ with over 43,000 users taking interest.

There was a large amount of celebrity integration on Giving Tuesday, but PoP and lokai’s joint activation drove even higher engagement than that of some of these high profile users (including Ellen Degeneres, Kim Kardashian and Mariah Carey).

Above are two graphs from the Bill & Melinda Gates Foundation report. The first details nonprofit social media reach metrics. The second provides an overview of the most discussed topics on Giving Tuesday.

24 25 Campaigns Campaigns CORPORATE PARTNERSHIPS

We love our partners. Consumers are looking for transparency from both companies and nonprofits. We have the opportunity to collaborate on a desired impact, share that goal with our stakeholders and close the loop by sharing rich media of the change we’ve created together.

Through friendly competitions centered around internal strategic goals, as well as raffles, a school supply drive, an office Halloween party and other fun office activities, 2U galvanized their employees to raise more than $75K for PoP in 2014.

Above, 2U employees are having fun in front of the PoP wall in their office. Each time a “2Ute” reached a milestone towards their internal strategic goal, they placed a square on the wall, helping complete a full mural of a PoP school.

This year, we partnered with TED Prize Winner Sugata Mitra though Microsoft’s Work Lokai served as PoP’s primary sponsor for our 2014 Season of Wonders Project to bring Mitra’s School in the Cloud learning platform into our PoP schools. Promise campaign, pledging $125,000 to build 6 schools in We launched a pilot around SOLE (self-organized learning environments) in Ghana and it Ghana. We ran several initiatives together to raise awareness was a huge success. By partnering with leading experts in the field of education, we’re of both brands. The lokai bracelet’s message of hope, which changing what a learning experience can be for a child anywhere in the world. encourages one to be humble through the highs and hopeful through the lows, aligns with our own core mantra at PoP – that everyone, no matter where you’re born, has promise.

26 27 Campaigns Campaigns OUR FOURTH GALA October 22, 2014

PoP’s 2014 Gala, located at Cipriani Wall Street in New York City, celebrated the generosity and dedication of three of PoP’s most vocal and vital supporters, actress and activist Sophia Bush, CEO of VaynerMedia, Gary Vaynerchuk, and CMO of SB Projects, Brad Haugen. Hosted by PoP Founder Adam Braun, the night featured a myriad of inspiring speeches – like that of PoP’s Ghana country director Freeman Gobah, who invited every guest to his home country to see the impact of their donations firsthand – and videos, including the debut of PoP’s new “Everyone Has Promise” video.

Everyone has promise, and as the gala demonstrated, there are hundreds of people who believe that not to be overzealous jargon, but legitimate truth. PoP won’t stop until that conviction becomes reality, for we are committed to the principle that education is an inherent, inalienable and achievable right, for everyone, everywhere.

750+ $1.9 Million MEMBERS OF OUR POP FAMILY RAISED FOR OUR OPERATING IN ATTENDANCE ACTIVITIES & EDUCATION PROGRAMS

28 29 Campaigns Campaigns NOTABLE CAMPAIGNERS 408 Our online fundraising platform is a community where you can rally your family and friends to join you in your goal to create education for all. Here are 3 of our favorite campaigners MOST INDIVIDUAL DONATIONS from 2014: TO ANY CAMPAIGNER IN 2014 - PAT FLYNN

2,616 NUMBER OF ACTIVE CAMPAIGNERS TO DATE

505 NUMBER OF ACTIVE CAMPAIGNS CREATED IN 2014 The Hearns Crone Middle School Val Chmerkovskiy

Inspired by their father, who was already involved During PoP’s Season of Promise campaign, Val, a professional dancer best known for with PoP, Lauren and Grant started a campaign students from Crone Middle School and the his appearances on Dancing with the Stars, to help build a school in Guatemala. They’re surrounding community in Naperville, IL came dedicated his 28th birthday to help build a new reaching out to their community for support and together to build a school in Ghana. Led by school for PoP. $54,125 were able to see their impact firsthand on a donor Principal Allan Davenport, students hosted many MOST RAISED BY A SINGLE trip to Guatemala in March 2015. fundraisers throughout the school year, including CAMPAIGNER - PAT FLYNN a craft fair and a silent auction for the teachers. For me, education and the arts are the It all started when our dad decided to foundation of my career. So, for my birthday, work with Pencils of Promise to build a We want every student that comes through “ I want to give the gift of education. “ school in Boca Costa, Guatemala ... He Crone Middle School to understand that was passionate about it and dedicated the “ we all have the ability to influence the school to his mother who just retired and world ... Ultimately, we want our students $51,909 who spent nearly her entire life helping to know that they can make a difference. SECOND MOST RAISED BY A underprivileged children. SINGLE CAMPAIGNER - SYED BALKHI

30 31 REACH Reach Reach POP IN THE PRESS DIGITAL ENGAGEMENT

August 11th 85,773 DATE WE TRENDED PEOPLE WHO TALKED ABOUT GOING GLOBAL? THE GROWING MOVEMENT TO LET KIDS LEARN JUST BY TINKERING WORLDWIDE ON TWITTER POP ON FACEBOOK

Pencils of Promise is teaching educators how to run a SOLE classroom for, perhaps, a few hours a week. That way, Young explains, the SOLE becomes just another part of the “ teacher’s toolbox. “We think teachers are really the answer to getting systemic change,” she says. “They 407 833,054 might teach 25 kids this year, another 25 next year, and so on and so on. If we can TOTAL NUMBER OF INSTAGRAM DOUBLE TAPS ON INSTAGRAM fundamentally change the way teachers are trained and supported then we would have a POSTS IN 2014 whole different education system.

690.8% 3.8 Million INCREASE IN INSTAGRAM IMPRESSIONS FOR OUR TOP FOLLOWING TWEET OF 2014 25 AMAZING BUSINESS BOOKS FROM 2014

This inspiring book follows Adam Braun, the founder of Pencils of Promise, and how he turned $25 into over 250 schools by combining a for-profit business approach with social “ sector idealism for an idea known as “For-Purpose.” 389,370 Steve Aoki TOTAL ENGAGEMENTS ON ONE OF OUR MOST INFLUENTIAL NEW FACEBOOK TWITTER FOLLOWERS - 2.49 MILLION

Misspelled keywords of 2014 HOW MANY UBER INVESTORS DOES IT TAKE TO RAISE $2 MILLION FOR CHARITY?

Pencils of Promise has a unique appeal in Silicon Valley. The concept of Pencils of Promise—which emphasizes scalability and has already built more than 250 schools since pencil of promise pencil promise “ its 2008 launch—resonated with Rowghani for the beneficial “compounding effect” that education can have on communities. “As VCs, we’re fundamentally investors, so when I put pencils for promise pencils for purpose my philanthropist hat on, I’m looking for ideas in the same way—I look for a multiplicative pencil for promise purpose for promise effect in philanthropy,” he said. “Not just growth but the notion of feeding something that just spawns.” pencils for school pens of promise

34 35 Reach Reach #POPBOOK For anyone with a big dream to transform the world, this book will show you how to 2014 The Promise of a Pencil chronicles Adam’s journey through more than fifty countries to March “ get it done. find his calling as Founder of PoP. Each chapter explains the steps that a person can DATE PUBLISHED take to ignite his or her passion and potential. The #PoPBook provides a behind-the- SIR RICHARD BRANSON scenes look at Adam’s (and PoP’s) story from the very beginning, while also serving as an inspirational guide that shows readers how to unlock their own purpose.

Braun’s lessons are memorable, accessible 100% and powerful. This is a must-read and a Debuted #2 “ must re-read and a must-keep-in-view-on- ON THE NEW YORK TIMES OF THE PROCEEDS GO TO SUPPORT PENCILS OF PROMISE bookshelf kind of book. BESTSELLER LIST JESSICA JACKLEY COFOUNDER OF KIVA

1 Adam & the PoP Book A remarkably inspiring story that shares # were featured on: the essential lessons to creating a life of WENT ON TO BECOME #1 “ meaning, passion and purpose. NATIONAL BESTSELLER DEEPAK CHOPRA FOUNDER OF THE CHOPRA FOUNDATION 5 out of 5 STARS ON AMAZON A compelling and singular story filled with universal truths everyone needs to hear. “ CORY BOOKER US SENATOR

115,000 TWEETS USING THE HASHTAG A vivid, heartfelt account of the power of education and the ability of one person to #POPBOOK “ impact the world. WENDY KOPP FOUNDER OF TEACH FOR AMERICA

36 37 POP FAMILY PoP Family PoP Family BOARD OF DIRECTORS ADVISORY BOARD

NEIL BLUMENTHAL BLAKE DAVIES USHER RAYMOND IV Co-Founder & Co-CEO, Senior Managing Director, Musician & Philanthropist Warby Parker Fredericks, Michael & Co.

OWEN BRAINARD LISLE DAVIES PATRICK SARKISSIAN CEO, CEO, Founder & CEO, BRAD HAUGEN ADAM BRAUN DAN CAHILL CRAIG EFFRON Brainard Capital Davies and Co. Sarkissian Mason Chairman of the Board Founder, Former President, Co-Founder, CMO, SB Projects Pencils of Promise Viking Global Scoggin LP SCOTT “SCOOTER” BRAUN MARIE FORLEO RANDI & BOAZ SIDIKARO Founder, Host of MarieTV, Executive Managing Director, SB Projects Founder of B-School Och-Ziff Capital Management

MATT BRITTON ROBERT HOLLANDER ALEXANDER SOROS CEO, President, Philanthropist MRY Give Back Brands ANN VENEMAN SOPHIA BUSH LEWIS HOWES Former Executive Director, Actress & Activist Entrepreneur UNICEF ROBERT HAMWEE KAREN HARRIS RICHARD LENT LINDA RIEFLER Managing Director, Director, Managing Director, Former Global Head TROY CARTER DOUG IMBRUCE BRITTANY WEEDEN New Mountain Bain & Company Thesis Ventures of Research, Founder, Founder, Founder & Director, Finance Corporation Morgan Stanley Atom Factory Qwiki Brittany Michele, LLC

RAY CHAMBERS CHRIS INNES MINOTT WESSINGER United Nations Secretary- Head of US Equities, Founder, General’s Special BNP Paribas McKenzie River Corporation Envoy for Malaria SHAKIL KHAN STEVE WIGGINS SIMON CHIU Head of Special Projects, Chairman of the Board, Spotify MEIGHAN STONE HOPE TAITZ GARY VAYNERCHUK MICHAEL WEISS Head of Institutional Credit Sales Golden Pond Healthcare Inc. Interim CEO, President, Co-Founder, Co-Founder, Asia-ex Japan, BNP Paribas The Malala Fund ELY Capital VaynerMedia Compass GRACE MIGUEL ASTRID WOMBLE ELFRIEDE A. COLLIS Entertainment Manager Director and General Counsel, Collis Family Foundation & Philanthropist EverWatch Financial

JOSEPH PATANELLA Advisor, Dean Sciences Corporation

40 41 PoP Family PoP Family

POP LEADERSHIP & STAFF USA Amanda Brown, Design Coordinator Ben Elconin, Financial Data Coordinator Jaclene Roshan, Senior Data Operations Manager Janice Dean, M&E Manager Susie Harrison, Development Manager 2014 marked a milestone occasion for PoP’s international leadership. After Jorge Emily Varni, Development Coordinator Carlo Dumandan, Marketing Manager, Martin Momoda, Literacy Innovation transitioned to the position of Guatemala Country Director, we can proudly say that each Digital & Partnerships Specialist Olivia Wittels, Marketing Coordinator individual leading our in-country teams is from the specific country he or she directs. Emmanuel Novy, Senior Impact Manager Ghana

Nelson Agbotey, Construction Coordinator Hilda Ebelin, Office Coordinator Fred Parku, Teacher Support Coordinator Margaret Banini, Accounts Officer Nelson Klu, Teacher Support Coordinator Anthony Quashigah, Construction Manager Margaret Mary Debre, WASH Coordinator Benedict Mayer, Impact Intern Michael Sampong, Construction Coordinator Martin Denyo, Site Supervisor Robert Mensah, WASH Coordinator Amber Shevin, Programs Manager Gilbert Dzimabi, Driver Selorm Nyamalor, Teacher Support Coordinator JORGE BOLOM ADAM BRAUN TOM CASAZZONE Guatemala Guatemala Country Founder Chief Operating Officer Director Odilia Alonzo, WASH Coordinator Heber Cumes, WASH Technician Magdelena Victoria Marcus, Teacher Support Technician Marlon Alvarado, Projects Coordinator Mateo De La Cruz, WASH Technician Elena Marcos, M&E Technician Abner Amilcar Perez, M&E Coordinator Nilvia Gonzalez, Administration Manager Omar Martinez, Projects Manager Samuel Bernal, Community Engagement Jacinto Gonzalez, Construction Technician Technician Vidal Molina, Driver Diego Guzman, Projects Coordinator Andrés Brito Chel, M&E Technician Antonia Pastor, Community Engagement Juan Guzman Marcos, M&E Coordinator Technician Otoniel Can, Scholarships Technician Manuel Ixcoy, Teacher Support Technician Jhony Perez, Administrative Coordinator Esperanza Canay, WASH Technician Ali Jones, M&E Manager Erwin Salazar, Teacher Support Specialist Patrick Coad, Programs Manager Moises Lopez, M&E Technician Carolyn Scorpio, Operations Intern Sheila Coj, Administrative Technician Gumercindo Lopez, Construction Technician NATALIE EBEL LESLIE ENGLE YOUNG FREEMAN GOBAH Sandra Suhul, WASH Technician Ariana Collas, M&E Intern Rossy Macario Tecún, Administrative Director of Marketing Director of Impact Ghana Country Mariano Xivir, Driver Edwin Cosme de Leon, Logistics Technician Director Coordinator (Projects) Isabel Yat, Administrative Technician

Laos

Sai Chitaphai, M&E Technician Mai Sa Lao, Teacher Support Technician Siphai Sionetah, Senior WASH Technician Ai Keuang Chittavanh, Construction Khamphat Latana, Teacher Support Tanoy Souksombath, Community Technician Technician Engagement Technician Keo Duangkham, M&E Technician Xeng Lee, WASH Technician Pok Souladeth, Teacher Support Technician Andrea Hatch, Programs Manager Karin Minks, M&E Manager Bay Soulivanh, Finance & HR Manager LANOY KEOSUVAN GUILIYA LAOXAYDA MEGAN O’CONNOR Matthew Hotmer, Programs Intern Thong Dee Ouanboubpha, WASH Caroline Tulp, Operations Intern Technician Lao Country Director Lao Country Director Director of Ai Phon Inthajak, Construction Technician Sai Xiong, Senior Teacher Support Phai Phanthavong, Finance Associate Technician Development Ai Phanh Keoboupha, Construction Technician Boy Phimmavong, M&E Coordinator Mai Nyia Yang, Community Engagement Technician Ai Mai Keoviengkham, Driver Pavath Phommachanh, Accounting Fellow Untou Yangsanesay, WASH Technician Bounlam Khanty, M&E Technician Pick Phoompanhya, Finance Associate Jua Yang Sanesay, Deputy Programs Na Lao, Teacher Support Technician Khamhoung Phoumsomdy, Senior Manager Community Engagement Technician Lee Vong Lao, Teacher Support Technician Porxiong Yiayeexiong, Construction Manager 42 43 FINANCIALS Financials Financials SUPPORT INCOME internally prepared Financial Growth Over Time C orp ora 1% te : 2 : 1 $8,000,000 s 4% nt ve E l ia c $7,000,000 e p S F o u n $6,000,000 d a t i o % 1 n

< s

: : $5,000,000

r 6

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t

O TOTAL SUPPORT INCOME $4,000,000 $7,655,263 $3,000,000

$2,000,000

$1,000,000

2008 2009 2010 2011 2012 2013 2014

%

9

5

:

s

l

a

u

d

i

v i d

n I END OF YEAR NET ASSETS: $5,264,692

2014 Accomplishments TOTAL SUPPORT INCOME: $7,655,263 Individuals $4,493,557 59% 130% 10¢ Special Events $1,607,513 21% Increase in Teacher Support, Our cost to raise $1 Corporate $1,092,427 14% Scholarships and WASH Foundations $453,691 6% programs from 2013 Other Revenue $10,074 <1%

46 47 Financials Financials EXPENSES WITH GRATITUDE internally prepared % c.: 9 et s, Salaries, etc.: 7 Our warmest thanks to the donors who have shown extraordinary support to Pencils of Promise in 2014. rie ive % la rat a ist S in g S in dm c AdMarketplace.com Spotify Strauss Family is A h a o $500,000+ r o Innes Family Creative Artists Agency Croxton Family d l n B The Collis Foundation u u i Foundation Education Actions Estee Lauder Rizvi Family F ld s :

% 4 iCap BBH Segal Family 3 3 $250,000+ : % s Swiss Philanthropy Foundation Ten Talents Foundation, Inc. e v Elizabeth Arden i t Level Nine Sports The MCJ Amelior Foundation $10,000+

a i Sidikaro Family t i Hearn Family Universal Music Group Zaro Family n

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TOTAL EXPENSES Patanella Family

g U21 Foundation St. Andrew’s United Methodist

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t $5,893,700 Church

e $25,000+ WebPageFX, Inc k

r $100,000+ Rosen Family

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: t . c Unsworth Family Jones Family Hays Family $50,000+ Rowghani Family CommonBond Lewis Family Microsoft Knight Family Larren Family Seshadri Family 2U Mutual of America Foundation TOTAL EXPENSES: $5,893,700 Anonymous Flynn Family Weeden Family Marchese Family Aron Family Blavin Family Imbruce Family Freed Family School Builds $2,543,903 Bain & Company Sebag Family Chiu Family Pishevar Family Teacher Support, WASH, Casazzone Family Farrior Family Coatue Foundation Bass Family Scholarships & Other Initiatives $693,753 Emanu-El Temple Nolan Family Dow Jones Smith and Kostas Family Program Salaries, Travel & Overhead $1,526,651 Bezoni Family Perry Family Davies Family Coursey Family Salesforce Foundation Foss Family PROGRAM SERVICES - SUBTOTAL $4,764,308 81% Carter Family Mullenweg Family Davis Family Phay Family Brainard Family Giacchetti Family Fundraising & Marketing Initiatives $150,230 Taitz Family Donovan Family Khan Family Nazarali Family GE Freilich Family Fundraising Salaries & Overhead $556,036 Britton Family Ross Family SB Projects Ward Family Howes Family Loftus Family FUNDRAISING - SUBTOTAL $706,265 12% The Wiggins Foundation Engelbrecht Family Motley Fool Thrive Capital United States Soccer Luis Family ADMINISTRATIVE SALARIES & OVERHEAD $423,127 7% Cahill Family Federation Warby Parker

48 49 Financials Financials

$10,000+ cont. The Robbins Family Foundation Denik LLC Nicholls Family Glazer Foundation Reynolds Family Bierly-Boasberg Family Morales Family Crevier Family Foundation Waller Family Faherty Family Varrone Family Anonymous Silverstein Family JP Morgan Chase Foundation General Assembly C.K. and Kay Ho Foundation Kwait Family Koyfman Family Huber Family Lewis Family Rieger Family Anonymous Center Oil Company Cordes Foundation Lettenberger Family Berkman Family Google, Inc. Reyes Family Dodge Family Lively Family Sergeant Family LogMeIn 1:Face Watch Anonymous Forest Electric Corp. Longmore Family Weiss Family Charity Buzz Dempsey Family Washington University Meeks Family Duffield-Thomas Family Nielsen Family Sen Family Wattenberg and Rosen Family Grayer Family $5,000+ Nilon Family Hoyt Family Glaser Family Smith Family Capasso Family Morris Family Tisch Family Charity Miles, LLC Cheng Family Neuenfeldt Family Terry Family Kumar Family Mahoney Family Pellow Family Lutnick Family 3LAU’s Frat Haus Reflex Sales Group Rockefeller - The Matching Gift Gentile Family Kubiak Family Fritz Family Chavez for Charity DirecTV Center Hatter Family Sand Family Wells Fargo Rutherford Family Bailey Family Withers Family MRY Goldman Sachs Gives Host Committee Davis Family Mandelbaum Family Epstein Family Doman Family Bakers Dozen Associates, LLC 12 West Capital The Scheidel Foundation Almas Family Ducker Family Adobe Anonymous Antonova Family Anonymous Stagen Family Chisick Family Foundation Texas Sweethearts Solowiejczyk Family Jericho Capital Hope Restorative & Cosmetic Orlova Family Anonymous Vaynerchuk Family Customer Value Partners, Inc Dentistry Rose Family Braun Family Richenthal Family Hull Family Torres Family Conway Family The Lawrence Foundation Anonymous Petretti Family Silvers Family Stepanian Family Hill Family Schlussel Family Peirce Family SessionM Inc. Aguirre Family EarthShare Sanders Family Aron Family Manson Family Anonymous Culver Family Siteground.Com Inc Grandstand Sports Harris Family Tepper Family Kriegbaum Family Sands Family Herman Family Riefler Boyatt and Boyatt Memorabilia, Inc Todd Snyder Family Rawiszer Family Anonymous Rivera Family Domingo Family Lee Family Sherry Family Womble Family Runyon Family Federici Family Mangum Family Robbins Family Bryan Family Elledge Family Adler Family Ball Family Cummings Family $1,000+ Halabi Family Alsaud Family Ballinger Family Tailgate Clothing Co. Garrix Family Medcalf Family Gardner Family Olson Family Typher Family Cole Family Hancock Family Torgersen Family Blau Family Choi Family Wilpon Family Frieman Family Good Shepherd Montessori Cameron Family Stecker Family University of Connecticut School Carney Family Walsh Family Belmonte Family Clara B. White Memorial Brickman Family Hooton Family Jensen Family Foundation, Inc. Anonymous Vaynerchuk Family Lexington Catholic High School Lema Family White Family Tandon Family Anonymous Artist Arena LLC Cozzzy Comfort Ciardelli Family Boyce Avenue Shumway Family German Family Glue Catalyst Fund Interbrand Corporation BNP Paribas DC Leadership Council Gural Family Balkhi Family Maxim Vishdehi Family Simmons Family Rogers Family Floan Family Hiltzik Family Chambers Family Warren Family Kmet Family Godin Family Levan Family Terry Tutors Mitchell Family Dawson Family Anonymous Lerer Family Pennington Family Goldstein Family Sunshine Sachs Gans Family Senboutaraj Family Stipkovich Family J. Crew Saxena Family Belmont Central Elementary Williamson Family Southridge High School Kahn Family Schneider Family School deRegt Family Moore Family Narula Family Abrahamson Family Lombardi Family Lower Canada College Anonymous Family Growald Family Friends Academy Camargo Family Abrahamson Family Effron Family Davenport Family Wooldridge Family Conway Family Foundation Shore Family Bill and Melinda Gates BP Mechanical Corp. Vaynerchuk Family Shatz Family Onken Family Greco Family Foundation Serow Family Calvin Klein Granieri Family Mcwhinney Family Valkin Family Anonymous Kim Family Anonymous Robinson Family Anonymous Lieberman Family Byers Family Loftus Family Anonymous Baudry Family The Giving Plan Pysh Family

50 51 Financials Financials

The Stamm & Granger Family Elrod Family Conroy Family Pound Sciupac Family Craigwell Family Anonymous Pierson Family $1,000+ cont. Fund Anonymous Fosler Family Anonymous Chiu Family Schmidt Family O’Connell Family Goya Family Mitsubishi Electric US, Inc Bagliebter Family Einhorn Family Johnson Iii Family Thomashauer Family Dudek Family Mcgraw Family Reber Family Craig-Hallum Capital Group Moy Family Pohly Family Parker Family Malkani Family Bong Family Comstock Family Whitty Family SENDing Support Charitable Logan Family Volynets Family Colleran Family Beck Family Tran Family Dushey Family Foundation Ashby Family Vitale Family King Family Garner Family Parr Family Levine Family Andersson Family The Three Sisters Foundation Bolinger Family Cordoba Family Mullen Family Anonymous Casler Family Taphouse Family The Pfizer Foundation Holmes Family Harris Family Storch Family Forster Family Kushman Family Huntley Family La Strada Kalinski Family In-Kind Winkel Family Ajamu Family Nelson Family Loterzo Family Anonymous The Yablon Family Foundation State Street 1-800-Flowers Anonymous Wolf Family Mahmud Family Grace Family Robbins Family The Nugent Foundation Martignetti Family Uber Swann Family Koenig Family Engle Family Silver Family Riefler Family Secured Investment Corp. Jebb Family TED Kuncham Family Beauparlant Family Fox Family Feldman Family Rice Family CMX Summit Cheung Family Goodpenny Ventures LLC Miller Family Kay Family Keriakos Family Skye Gilbert Family Home Family Bravenewcode Inc. Smith Family Nick Onken Inc. Yeager Family Seiden Family Robinette Family Jones Family Anonymous Bluehost Interbrand Zurich Mooser Family Carroll Family Goret Family Paxson Family Mimnaugh Family Greer Family Foundation Walsh Family Fisher Family Spyridon Family Bernstein Family Rubin Family Hedlund Family Radhakrishnan Family Anthonisse Family Robinson and Hollander Family Kiger Family Clare Family Salcido Family Grenier Family Martignetti Family Smeltz Family Wecksell Family McGrath Family Agarawala Family Schwedel Family Nelson Family Messer Family Anonymous Van Biesen Family Woo Family Harrison Family Gill Family Baxter Family Rud Family Haugen Family Perez Family Anonymous Yadegar Family Sosa Family Strebel Family Chen Family Prasad Family Manson Family Morgan Family Adeney Family Brooklyn Technical High Wiseman Family Evans Family School Kruschwitz Family McCann Family Burke Family Effron Family Wong Family Bachner Family Custen Family Colby Family Mazzocco Family Bellinger Family Henzel Family Members Handicapped Bartley Family Children’s Fund, Inc. Greenspan Family Cleary Family Spencer Family Skillshare Stevenson Family Hancock Family Vanallen Family Central Middle School Desai Family Zucker Family Anonymous Martini Family Foundation Duckles Family Wu Family Vaya Family Mayer-Phillips Foundation Klein Family Bielecki Family Sands Family Christian Foundation Paucek Family Ngo Family Gerstein Family

52 53 OUR PROMISE

Pencils of Promise is known as a school building organization that provides access to education, but we are evolving into a learning organization focused on quality education outcomes. With our dynamic approach to ensure quality education through our programs, we are going to reshape the landscape of education in the developing world. pencilsofpromise.org 212.777.3170 37 West 28th St., 3rd Floor New York, NY 10001