EURASIA FOUNDATION

2014 Annual Report LETTER FROM THE CHAIRMAN AND PRESIDENT Dear Friends,

Even a casual glance at headlines these days tells you that events in Eurasia and the Middle East are not unfolding as hoped just a few years ago. These regions are experiencing more turmoil than has been seen in a generation, and armed conflict has flared alarmingly. Stability and prosperity remain elusive goals in many of these nations, and often relations with the United States are strained.

Yet amid the troubling political developments in the regions where Eurasia Foundation works, there is encouraging news as well. Our programs are connecting people across borders and religious divides to work together on shared problems. While relations between governments can change quickly, building relationships between people takes time—and given the turbulence of recent years, that effort is more important than ever.

Everywhere we work, Eurasia Foundation seeks to build the capacity of local organizations to tackle the problems they face in their own communities—not alone, but by strengthening the personal and professional channels that maintain the momentum of international engagement despite the start and stop of diplomacy. We apply new information and communication technologies to engage, and connect with each other, the next generation of young citizens who will address today’s and tomorrow’s challenges.

The Honorable Thomas R. Pickering, The Honorable William J. Burns, Susan Glasser and Jill Dougherty at the 2014 As you will see in this report, even when relations between the U.S. and Russia are at a low ebb, Eurasia Sarah Carey Forum. Foundation brings together people from both countries who want to collaborate on common challenges— from public health to labor migration to child protection. In the Middle East, Eurasia Foundation works with citizens from different countries and ethnic backgrounds on projects relating to women’s entrepreneurship, Internet access and civic education. These efforts are rooted in the belief that when governments are at odds, Contents personal and business connections remain critical—and sometimes can trump the politics of the moment. The work of Eurasia Foundation would not be possible without the enduring commitment of our donors and partners around the world. Thank you for your trust and support. We look forward to continuing our 3 Advocacy 15 Stories From Our Network partnership for years to come. 5 Community Engagement 17 Leadership 9 Economic Opportunity 19 Financials Capacity Building Donors 11 Jan H. Kalicki Horton Beebe-Center 21 Chairman President

1 Eurasia Foundation Annual Report 2 EF’s advocacy programs engage organizations and local governments to solve social problems and provide inclusive Advocacy access to resources and services for citizens. EF supports a wide range of advocacy activities in the MENA region, from working toward a more open and free Internet to Elevating public bankruptcy reform and community mobilization. EF promotes greater understanding of advocacy, and builds technical skills on advocacy strategies and techniques while supporting awareness about citizen-driven campaigns.

In seven countries across the MENA region, EF’s advocacy basic rights and programs have resulted in locally led campaigns to protect the environment, reform education and increase women’s community needs participation in sports. Through the Middle East Network for Internet Protection (MENIP), EF connected more than 100 organizations that by facilitating advocate for Internet freedom in the MENA region to each other. More than 5,800 people signed petitions circulated by MENIP members, leading three national governments dialogue among key to consider policy recommendations for greater Internet freedom.

stakeholders. EF bolstered two bankruptcy reform efforts in Egypt and Jordan by supporting the creation of stakeholder mapping tools, developing outreach strategies and guiding lobbying efforts. In both countries, these initiatives led to bankruptcy reform campaigns.

For more information, visit: www.eurasia.org/advocacy. 115 organizations recruited to secure Internet freedom rights in MENA

3 Eurasia Foundation Annual Report 4 EF engages local communities to teach citizenship, support social entrepreneurship and build bridges among Community communities of social experts. By reaching teachers, community organizers and concerned citizens, EF is fostering a growing network of program alumni who connect with each other to share experiences and best practices. Engagement In Central Asia, community leaders are faced with many challenges, including a lack of effective management tools and limited exposure to modern models for sustaining Equipping citizens social projects. EF supports these leaders with training and professional networking, allowing them to deliver effective social projects that identify alternative energy resources, and organizations improve access to education and increase awareness of HIV/AIDS among young people.

with skills and In Iran, EF’s programs focus on social entrepreneurship and citizenship education. The social entrepreneurship program develops practical skills in leadership, project management, tools to tackle financial planning and human resource management for social innovators. The citizenship education program offers online courses on inquiry-based learning, critical pressing social thinking, cooperative learning and service learning to help educators reflect on their own views of citizenship and civic engagement and apply participatory teaching methods in challenges. their classrooms.

In 2014, EF’s China Program continued to support non- governmental organizations (NGOs) in Western China by connecting them with domestic donors and building their strategic capabilities and technical expertise. In Northwest China, EF’s partner organizations are currently empowering women to become leaders in local enterprise and civic life.

For more information, visit: www.eurasia.org/community. 182 NGOs and academic institutions in Russia and the U.S. reached by EF trainings, consultations and webinars

5 Eurasia Foundation Annual Report 6 school in Buryatia is already using these resources to initiate student collaboration with a school in California on the topic of environment. The Higher Education working group created an essential guidebook, “Partnerships between U.S. and Russian Universities: From Motivations to Results,” offering new models for creating and sustaining viable university partnerships. This guidebook became the inspiration for the design of a new EF program—the U.S.–Russia University Partnership Program, which supports new partnerships between Russian and American higher education institutions.

To further strengthen connections among U.S. and Russian social innovators, SEE also awards professional fellowships to established and emerging experts from both countries. Fellows spend up to four weeks at host organizations in their counterpart The Education and BRINGING TOGETHER EXPERTS FROM THE U.S. AND RUSSIA country and gain experiences that drive SEE projects Youth working forward. The U.S.–Russia Social Expertise Exchange Several members of the Public Health working group brought six (SEE) is a diverse network of subject-matter group partnered this year to gather their Seventy-five SEE fellows travelled to 17 Russian regions Russian students experts and social entrepreneurs engaged in collective expertise in the field of mobile and 26 U.S. states to work in host organizations in to join 2,700 U.S. an exchange of ideas and best practices. health into a comprehensive “roadmap”—a 2014. “These fellowships allow us to look at familiar guide for turning cellphones into a health situations in a new way,” says Anna Zavadskaya, a counterparts at In 2014, Russian and American experts and behavioral intervention tool for at-risk Russian SEE fellow. a convention collaborated in SEE’s nine working groups women. Based on this guide, the working sponsored by the to address pressing social issues, including group is now developing a mobile app that TRAINING THE NEXT GENERATION OF IRANIAN EDUCATORS Top: Members of community development, higher education, would deliver helpful information to other at- Student Television SEE’s Flora and public health and protection of flora and risk populations in Russia. EF believes in helping ordinary citizens take By sharing her experiences with other Fauna working Network in San fauna. charge of their own professional development participants in the citizen education program, Diego, California. SEE has also created new educational and growth. Through our online citizenship Roya helped her colleagues come up with group in the field The working groups have achieved substantial resources for secondary schools and education program in Iran, EF empowers new ways to excite and engage their students. Students in Sikhote-Alin, results. Drawing insights from the American universities. The Education and Youth working educators to build more inclusive and This two-way communication between course Russia. Bottom: participated in approach to recruitment group produced and engaged classrooms. participants takes place without direct EF Working group competitions of families in foster care, 2014 WORKING GROUPS distributed two bilingual intervention: by providing a platform for Russian experts of the publications to educators, One EF alumna, Roya, teaches middle school collaboration, EF is creating new online and sessions experts look for Child Protection working community leaders and science and math. “Many of my students spaces for professional discussion, improved signs of the Amur on storytelling, group enhanced their Child Protection NGOs in Russia and struggle to work in groups,” she says. To student engagement, teaching methods and leopard, a critically production, own emerging foster care Community Development the U.S. The first one address this pedagogical challenge, she curriculum development. system. At the same time, showcased successful enrolled in an EF course on cooperative screenwriting endangered species their American colleagues Education and Youth U.S. and Russian teaching learning methods. By learning how to As a result of the citizenship education native to southeast and other skills learned that Russian models that connect guide students in small groups for projects, program, more than 200 teachers across Gender Equity related to video institutional stability—with schools and community- Roya acquired the skills needed to facilitate Iran have developed new lesson plans that Russia and staff often remaining at based organizations to cooperation among her students. are helping their students cooperate and journalism. Higher Education northeast China. particular orphanages and create unique learning collaborate in entirely new ways. schools for many years— Migration opportunities for students “I never could have imagined such a degree brings benefits to Russian in both countries. The of cooperation among my students,” she “Students are independently evaluating children that American Protection of Flora and Fauna second publication says. “Before taking these courses, I used to their own work and other groups’ foster care kids don’t often Public Health focused on a specific focus exclusively on transferring knowledge progress throughout the class,” Roya says. experience. international project- to students and gave little attention to group “Implementing cooperative learning activities Rule of Law and Community based learning model work and other social skills in my class.” opened my eyes to the importance of called CyberFair. One fostering social skills among students.”

7 Eurasia Foundation Annual Report 8 EF’s economic opportunity programs provide targeted training and mentoring—tailored to local needs—to strengthen business skills and encourage networking among Economic entrepreneurs.

In the Middle East, EF created an online learning and social networking platform to provide women entrepreneurs a Opportunity space to discuss business ideas and receive guidance from experienced instructors. Over the course of five years, this platform helped aspiring business owners hone their initial Promoting the concepts into concrete business plans. As a result, the women entrepreneurs developed tools for success and built the confidence necessary to advance their business goals. In active participation addition, 40 new businesses were launched and 44 improved or expanded their operations. Once the training concluded, the participants joined a self-sustaining community of 200 of individuals in women entrepreneurs with similar aspirations, where they find support, solutions and collaborators to further expand building their their operations. In Eurasia, EF is providing seed capital to establish Gazelle Finance, an investment fund that aims to invest in “gazelles”— economic futures fast-growing, small- and medium-sized enterprises—that are underserved by the banking sector in Armenia, Georgia, Kyrgyzstan and Moldova. The fund has a double bottom line and contributing to investment goal of creating financial returns for investors while achieving a significant development impact in local the productivity of economies and communities. their communities. 684 Iranian women

For more information, visit: enrolled in EF’s online www.eurasia.org/econopp. entrepreneurship courses

9 Eurasia Foundation Annual Report 10 Since 2013, EF has been supporting civil society organizations (CSOs) in Belarus through the Capacity Building for Civil Society Organizations Project (CBCSOP). Aimed at Capacity increasing civil society’s participation in decision-making and policy discussions both locally and nationally, CBCSOP identifies organizations eager to deepen their organizational capabilities and supports their locally led initiatives. EF Building implements CBCSOP with its local affiliate, New Eurasia Establishment (NEE).

Developing Through an innovative organizational capacity assessment toolkit, CBCSOP to date has helped 11 CSOs improve their capacity to deliver services to Belarusian communities. sustainable local CBCSOP mentorship has also dramatically improved the public relations and communications skills of more than 140 Belarusian CSOs, enabling them to advocate more effectively institutions that on behalf of their communities.

EF and NEE are also increasing the level of civic activism and are equipped participation among law school instructors and students by working through a network of university-based legal clinics throughout Belarus. CBCSOP is offering a combination to respond to of networking and joint learning activities for legal clinic supervisors and law students. During 2014, four of these clinics expanded their services to clients as a direct result of community needs the training they have received through this program. and advocate on behalf of their citizens. 140 CSOs participated in project design and budget training in Belarus in 2014

For more information, visit: www.eurasia.org/capacitybuilding.

11 Eurasia Foundation Annual Report 12 RESEARCH AND SCHOLARSHIP IN THE SOUTH CAUCASUS

Through the Caucasus Research Resource Centers (CRRC), EF has supported innovative public policy research in the Caucasus since 2003. CRRC prepares the Caucasus Barometer report, which is an extensive household survey conducted across Armenia, Azerbaijan and Georgia. Published annually, the barometer is a globally respected dataset for social scientists and policymakers.

In addition to the Caucasus Barometer, CRRC also hosts Junior Fellows, young social scientists from the region who have recently graduated from university. Over the course of seven months, Junior Fellows are mentored The Honorable 2014 SARAH CAREY AWARD THE BILL MAYNES FELLOWSHIP through an apprenticeship model to advance YPN members John Beyrle, The their research skills. YOUNG PROFESSIONALS Launched in 2012 to honor the memory of EF’s In 2008, EF launched the Bill Maynes attend a discussion Honorable Thomas NETWORK long-serving chair, the Sarah Carey Program Fellowship tTo connect emerging civil society “When you study social science in Georgia, it about Russian R. Pickering, comprises an annual award, a policy forum leaders from Eurasia with their counterparts in is not easy to find an opportunity to put your The Young Professionals Network (YPN) politics at Eurasia Charles Ryan and and the Young Professionals Network. the United States. skills into practice,” says Edisher Baghaturia, a continues Sarah Carey’s efforts to mentor CRRC Junior Fellow in Tbilisi. young people who share EF’s commitment to Foundation’s Jill Dougherty at In 2014, EF presented the Sarah Carey Award EF selected two public health advocates international engagement across the Eurasia offices. the 2014 Sarah to outgoing Deputy Secretary of State William for the 2014 Bill Maynes Fellowship. Dr. Edisher conducted household surveys as part region. Over the course of nine months, YPN Carey Forum. J. Burns for his service to the country and his Elena Dmitrieva, director of the Health and of the Caucasus Barometer, and senior scholars connects young people in Washington, D.C. efforts to bring Americans and citizens of the Development Foundation, implements at CRRC’s Georgia office mentored him to with established professionals and hosts Eurasia region closer together. health communication projects in Russia. Dr. further develop his research methodology discussions on developments in the Eurasia Dmitrieva also serves as the head of the Johns and analysis skills. As a result of his fellowship, region with diplomats, journalists and analysts. At the award presentation, EF held the annual Hopkins Bloomberg School of Public Health Edisher found work at a local think tank where This year’s group of 30 young professionals Sarah Carey Forum. A panel of renowned office in Russia. Andriy Skipalskyi, chairman he regularly puts his new skills into practice. met with an exciting range of scholars and Russia experts debated the future of of the board of Life Regional Advocacy Center, experts including: engagement between the U.S. and Russian leads the Kiev-based NGO to advocate for CRRC does not limit its fellowships to governments. The panel speakers included tobacco control. Mr. Skipalskyi successfully research topics covering the South Caucasus. The Honorable John Beyrle, former U.S. lobbied for the passage of two tobacco In Yerevan, Junior Fellow David Sarkisyan Christian Caryl, editor at Foreign Policy Ambassador to Russia; The Honorable Thomas control laws, including legislation mandating received support for his own research project Katy Pearce, University of Washington R. Pickering, former under secretary of state the placement of graphic images of the expanding on his master’s research at Yerevan professor researching social media in for political affairs; Charles Ryan, chairman of effects of smoking on cigarette packages. State University that examined China’s role in Eurasia UFG Asset Management; and Jill Dougherty, Through their fellowship, Dr. Dmitrieva and Mr. East Asian security. a public policy scholar at the Kennan Institute Skipalskyi met with fellow advocates, including Peter Pomerantsev, an expert on Russian and former CNN correspondent. Susan Glasser, the Campaign for Tobacco-Free Kids, as well “CRRC gave me the tools and perspective media editor of Politico, moderated the discussion. as U.S. health specialists from universities and to make my research valuable for a global Theresa Sabonis-Helf, an expert on the Centers for Disease Control. audience,” Sarkisyan says. The eighth Eurasian energy politics The wide-ranging discussion touched on International Conference on Global Studies in Steven Pifer, the former U.S. ambassador media coverage in Russia, the effects of At the annual Maynes panel discussion, the London invited him to share his findings at its to Ukraine and fellow at The Brookings economic sanctions, and opportunities for fellows joined veteran HIV/AIDS activist annual summit. “CRRC played a great role in Institution continued U.S.–Russia engagement. Gregg Gonsalves to discuss how to promote strengthening my research. Because of them, innovative health policies in their respective I feel like I will be a successful scholar.” Fiona Hill, director of the Center countries. Russia expert Dr. Matthew Rojansky on the United States and Europe at The moderated the discussion. Brookings Institution

13 Eurasia Foundation Annual Report 14 Stories From Our Network As part of the initiative, EPF Armenia partnered with Starting in 2004, EF Anadolu Kültür, a Turkish cultural organization, to organize a visit in October 2014 to study Armenian cultural history in the eastern Turkish city of Mush. spun off its offices A group of 12 architects, restoration specialists, historians, ethnographers and art historians from Armenia and Turkey joined the head of the Norwegian into sustainable Institute for Cultural Heritage Research to examine Armenian monuments. Bringing together experts from both countries to discuss their shared history is an local institutions in important step in normalizing relations. Russia, the Caucasus, FACILITATING COOPERATION AT THE LOCAL LEVEL Ukraine, Moldova In rural areas of Kyrgyzstan, it can be difficult for communities to work toward solving social and economic challenges. While limited finances are a FOSTERING YOUTH LEADERSHIP and Central Asia. chronic problem, they are not the only obstacle to solving community development issues. Residents In Moldova, the East Europe Foundation (EEF) supports often lack the knowledge, experience and confidence the participation of young people ages 16 to 22 in local They are now leading required to initiate community actions. decision-making and development through the Youth Bank program. Initially developed in Northern Ireland In 2012, Eurasia Foundation of Central Asia (EFCA) as a conflict-mediation tool, the Youth Banks empower civil society actors launched the Local Transparency and Cooperation young people by providing small grants for training, Initiative (LTCI), aimed at improving communication education and awareness campaigns. between citizens and local government and the quality in their respective of public and municipal services. Through Youth Bank, EEF has more than doubled the number of young people participating in local decision- Through training, community meetings, public hearings making and economic development, from around and legal consultations, local residents learned to 1,000 in 2013 to more than 2,500 in 2014. These young countries. Top: An Armenian reporter from Radio Free assess and prioritize the needs of their communities people receive training in project cycle management, and find effective ways to address them. They also fundraising and networking. Youth Bank Germany has Europe/Radio Liberty and his interpreter IMPROVING ARMENIA–TURKEY learned about their rights to municipal services. For also hosted several interns from Youth Bank Moldova interview a Turkish shoeshiner in Fethiye, example, access to clean drinking water is one of the during short study visits. RELATIONS Turkey. Bottom: A fireman teaches primary most serious problems faced by people in remote Together with a consortium of eight civil society regions of the Kyrgyz Republic. But thanks to the joint The end result of this work is that more and more young school students in Cahul, Moldova how organizations from Armenia and Turkey, Eurasia efforts of local authorities and residents supported by people are able to have a say in how their communities emergency services work in their community. Partnership Foundation of Armenia (EPF Armenia) LTCI, this problem is being solved: citizens learned how are run—improving local government responsiveness launched a special initiative to help normalize relations to organize repair brigades, volunteer campaigns and and increasing democratic participation. between the two countries. The project supports an local fundraising—enabling them to work with local open border by enhancing people-to-people contact, government to repair their own utilities and restore expanding economic and business links, promoting access to clean water. cultural and educational activities, and facilitating access to balanced information in both societies.

15 Eurasia Foundation Annual Report 16 Our Leadership Lee W. Huebner The Hon. Donald F. McHenry Joseph Saba BOARD OF DIRECTORS The Hon. Eugene K. Lawson The Hon. Bill Bradley School of Media and Public Affairs, Edmund A. Walsh School of Foreign Georgetown University Lawson International, Inc. Allen & Company LLC The George Washington University Service, Georgetown University The Hon. Jan H. Kalicki, David Slade Chairman The Hon. Steve Mann Mathew J. Burrows Edward B. Hodgman The Hon. M. Peter McPherson Allen & Overy Woodrow Wilson International Center Exxon Mobil Corporation The Atlantic Council New York Life National Association of Public and for Scholars, Kennan Institute Land-grant Universities The Hon. Daniel V. Speckhard Ariuna Namsrai The Hon. James F. Collins Frank C. Ingriselli Lutheran World Relief Daniel A. Witt, Vice Chairman APCO Worldwide Inc. Russia and Eurasia Program, Carnegie Global Venture Investments LLC The Hon. Richard Miles International Tax and Endowment for International Peace U.S. Ambassador, retired S. Frederick Starr Investment Center The Hon. Thomas R. Pickering Sandra Willett Jackson Central Asia-Caucasus Institute and Hills & Company The Hon. William H. Courtney Strategies & Structures International The Hon. William Green Miller Silk Road Studies Program, Johns The Hon. Margaret Milner RAND Corporation and RAND Kennan Institute, Woodrow Wilson Hopkins University Richardson, Treasurer Katie Reilly Business Leaders Forum The Hon. Richard H. Jones International Center for Scholars Oakwood Enterprises LLC Adobe Inc. Middle East Policy Council The Hon. Joseph Stiglitz Peter Derby The Hon. Richard Morningstar Graduate School of Business, Horton Beebe-Center, President Angela E. Stent Diamondback Advisors LLC Blair Kaine Global Energy Center, Columbia University Eurasia Foundation Center for Eurasian, Russian and East National Cathedral School The Atlantic Council European Studies, Patricia E. Dowden Sarah Sweedler The Hon. John Beyrle Georgetown University Center for Business Ethics and The Hon. Theodore H. Kattouf Steven L. Pease Fort Ross Conservancy U.S.–Russia Foundation Corporate Governance AMIDEAST U.S.–Russia Foundation for Economic ADVISORY COUNCIL Advancement and the Rule of Law Maurice Tempelsman Randy Bregman Esther Dyson The Hon. Richard D. Kauzlarich Lazare Kaplan International, Inc. Dentons Honorary Chairs EDventure Holdings Transnational Crime and Corruption Ann Pickard Center, George Mason University Royal Dutch Shell Andrew Wilson The Hon. Thomas A. Dine His Excellency Martti Ahtisaari Ronald Freeman International Fund for Animal Welfare Search for Common Ground Crisis Management Initiative Sberbank & Volga Gas Kevin Klose The Hon. Steven Pifer Philip Merrill College of Journalism, U.S. Ambassador, retired; Arms The Hon. Ross Wilson Terrence J. English The Hon. Madeleine K. Albright David Gorodyansky University of Maryland Control and Non-Proliferation Elliott School of International Affairs, Baring Vostok Capital Partners Albright Stonebridge Group AnchorFree, Inc. Initiative, The Brookings Institution The George Washington University Nancy Lubin Drew Guff The Hon. James A. Baker III The Hon. Lee H. Hamilton JNA Associates, Inc. Peter J. Robertson The Hon. Kenneth S. Yalowitz Siguler Guff & Company, LP Baker Botts LLP The Center on Congress, Oil and Gas Practice, Deloitte LLP Kennan Institute, Woodrow Wilson Indiana University The Hon. William H. Luers International Center for Scholars Fiona Hill Members School of International and Public Matthew Rojansky Center on the United States and James Harmon Affairs, Columbia University Kennan Institute, Woodrow Wilson Regina Yan Europe, The Brookings Institution Anders Åslund Carvel Management LLC International Center for Scholars Patient-Centered Outcomes Dinu Patriciu Eurasia Center, The Hon. Eileen A. Malloy Research Institute Jan Hillered The Atlantic Council Noosheen Hashemi U.S. Ambassador, retired The Hon. Dennis Ross Propero Capital GmbH HAND Foundation Washington Institute for Casmir A. Yost The Hon. Robert Barry Michael Mandelbaum Near East Policy Edmund A. Walsh School of Foreign George M. Ingram Whitehead School of Diplomacy, George Helland American Foreign Policy Program, Service, Georgetown University Global Economy and Development, Seton Hall University Consultant Johns Hopkins University Blair A. Ruble The Brookings Institution Kennan Institute, Woodrow Wilson The Hon. C. Fred Bergsten John Hewko The Hon. Jack F. Matlock Jr. International Center for Scholars Margery Kraus Peterson Institute for Rotary International School of International and Public APCO Worldwide Inc. International Economics Affairs, Columbia University

17 Eurasia Foundation Annual Report 18 Statement of Financial Position Statement of Activities (as of September 30, 2014) and change in net assets (as of September 30, 2014)

Assets 2014 2013 Revenue Unrestricted Temporarily Restricted Total - 2014 Total - 2013

Cash and cash equivalents $565,546 $1,507,515 Grants and contributions $17,155 $7,434,391 $7,451,546 $5,209,447

Investments 7,948,810 8,127,901 Investment gain/(loss) 1,021,530 - 1,021,530 772,159

Grants, accounts and other receivables 755,032 2,316,126 Donated rent 170,249 - 170,249 29,764

Prepaid expenses 142,083 78,528 Other income 336 - 336 613 Net assets released from donor-imposed Fixed assets, net of accumulated depreciation and amortization 2,002,227 980,000 8,183,669 (8,183,669) restrictions - - Advances and deposits 163,519 17,895 Total Revenue $9,392,939 $(749,278) $8,643,661 $6,011,983

Total Assets $11,577,217 $13,027,965 Expenses Unrestricted Temporarily Restricted Total - 2014 Total - 2013

Liabilities and Net Assets 2014 2013 PROGRAM SERVICES Eurasia $5,554,430 - $5,554,430 $4,393,770 LIABILITIES MENA 1,670,079 - 1,670,079 1,431,635 Line of credit $814,070 - East Asia 191,266 - 191,266 328,587 Accounts payable and accrued expenses 513,247 425,563 Total Program Services $7,415,775 - $7,415,775 $6,153,992 Grants payable 1,053,897 2,819,769 SUPPORTING SERVICES Refundable advance 259,236 90,521 Management and General 1,809,088 - 1,809,088 1,856,616 Deferred rent 206,584 - Total Expenses $9,224,863 - $9,224,863 $8,010,608 Total Liabilities $2,847,034 $3,335,853 Change in Net Assets Before Other Item $168,076 ($749,278) ($581,202) ($1,998,625) NET ASSETS Unrestricted Temporarily Restricted Total - 2014 Totalt - 2013 Unrestricted 8,208,732 8,093,977 Other Items

Temporarily restricted 521,451 1,598,135 Depreciation - buildings (49,305) - (49,305) (20,000)

Total Net Assets $8,730,183 $9,692,112 Amortization - building improvements (4,016) - (4,016) -

Total Liabilities and Net Assets $11,577,217 $13,027,965 Cancellation of funder awards - (327,406) (327,406) -

Change in net assets $114,755 ($1,076,684) ($961,929) ($2,018,625) Assets Net assets at beginning of year $8,093,977 $1,598,135 $9,692,112 $11,710,737 Net Assets At End of Year $8,208,732 $521,451 $8,730,183 $9,692,112 Grants, Accounts & Advances & Deposits 1% Other Receivables 18% Cash & Cash Equivalents 5% Fixed Assets 17% Expenses Prepaid Expenses <1% Prepaid Expenses 1% Fixed Assets 7% Grants, Accounts & Other Management & Advances & Deposits <1% 2014 Receivables 7% General 2013 Management & 19% Cash & Cash General 23% Investments 69% Equivalents 12% East Asia 2% Investments 62% East Asia 4% 2013 2014 Middle East & North Africa 18% Middle East & North Africa 18% Eurasia 61% Complete audited financial reports are available upon request • Current 990 is available online at www.eurasia.org/financials Eurasia 55%

19 Eurasia Foundation Annual Report 20 Eurasia Foundation Thanks Our Generous Donors

GOVERNMENTS Chemonics FOUNDATIONS & NGOS* Horton Beebe-Center Jan H. Kalicki Sami E. Totah Embassy of Finland Chevron Corporation Brightening Lives Foundation Ruth Beebe-Center Kevin Klose Sally Warren European Union Coca-Cola Company British Council Robert Barry Margery Kraus Andrew Wilson Ministry for Foreign Affairs of Finland ExxonMobil Corporation Carnegie Corporation of New York John Beyrle Eugene K. Lawson Daniel A. Witt Ministry of Foreign Affairs of Denmark FedEx C.S. Mott Foundation Randy Bregman James Leonard James Wolfensohn Ministry of Foreign Affairs of Norway Golder Associates Center for Business Ethics Denise E. Cavanaugh Kent Lewis Kenneth Yalowitz Ministry of Foreign Affairs of the Goldfields Conciliation Resources Charles Clarkson Nancy Lubin Regina Yan Netherlands Greenberg Traurig European Training Foundation William Courtney Steven Mann George Zarubin Organization for Security and Hills & Company FINCA Patricia Dowden Thomas Mansbach Cooperation in Europe HSBC Group GE Foundation Esther Dyson Gretchen Maynes *Corporate and Foundation partners Swedish International Development JPMorgan Chase & Co. German Marshall Fund/Black Sea Trust Le Roy Eakin Paula G. Maynes who gave $10,000 and above. Cooperation Agency KPMG The Institute of Modern Russia Andrew Eil Donald F. McHenry **Individuals who gave Swiss Agency for Development and Lawson International, Inc. Izmirlian Foundation Terry and Ilona English Richard L. Morningstar $500 and above. Cooperation Mars, Inc. Kennan Institute for Advanced Russian Jeff Erlich John D. and Diana Negroponte U.K. Department for International Pragma Corporation Studies John Fox Marsha McGraw Olive PHOTOGRAPHY Development PricewaterhouseCoopers LLP Media Development Investment Fund Edith Fraser Dale Perry Cover: USAID Belarus; Table of Contents: U.K. Foreign and Commonwealth Office Reynolds Development Mercy Corps Ronald Freeman Thomas R. Pickering Eurasia Foundation; p. 3: World Bank United States Agency for International Ryan Advisory Services National Endowment for Democracy William E. Frenzel Steven Pifer Photo Collection; p. 5: World Bank Photo Development Salans LLP Open Society Institute Alton Frye Mark S. Pratt Collection; p. 7: ©Misael Virgen/The San United Nations Democracy Fund Shell Gas & Power International Pact, Inc. Charles Greenleaf Mary M. Raiser Diego Union-Tribune via ZUMA Wire; United Nations Development Programme Siguler Guff & Company, LP Pontis Foundation Drew Guff Jack Reilly p. 8: Eurasia Foundation; p. 9: Arman U.S. Department of State Slavutich, Carlsberg Group The James Harmon Foundation Fruzsina M. Harsanyi and Raymond Garcia Margaret Richardson Zhenikeyev/Moment Open/Getty Images; StatoilHydro Western Union Foundation George A. Helland Blair Ruble p. 11: New Eurasia Establishment; p. CORPORATIONS* TE Connectivity World Learning Ulrich A. Hewer Charles Ryan 13: Eurasia Foundation; p. 14: Eurasia AES Group of Companies in Kazakhstan Telenor Group Lee Huebner Sanford M. Saunders Foundation; p. 17: Eurasia Partnership Agip KCO Tengizchevroil LLP INDIVIDUALS** Fiona Hill and Kenneth Keen David Slade Foundation Armenia; East Europe Akin, Gump, Strauss, Hauer & Feld LLP The Services Group, Inc. Madeleine K. Albright Jan Hillered Hedrick L. Smith Foundation of Moldova. Alcoa TMK IPSCO Sergey Aleksashenko Paul Ignatius V. Roy Southworth APCO Worldwide uReveal Anders Aslund George M. Ingram Solveig Spielmann CREDITS Baker & McKenzie LLP Western Union James A. Baker Frank Ingriselli Richard Stanley Text: Joshua Foust and Yelena Akopian BP World Bank Marjorie Mandelstam Balzer and Sandra Willett JacksonT Eugene Staples Design: Yelena Akopian Carana Corporation Zurich-American Insurance Company Harley Balzer Elizabeth A. Jones Angela E. Stent and Daniel Yergin Printing: MasterPrint, Inc. Evelyn K. Bausman Marina Kaldina Maurice Tempelsman

21 Eurasia Foundation Annual Report 22 CONNECT WITH US

facebook.com/eurasiafoundation

twitter.com/efnetwork

youtube.com/eurasiafoundation

CONTACT US 1350 Connecticut Avenue NW, Suite 1000 Washington, D.C. 20036

T +1 (202) 234-7370 www.eurasia.org