DOCSLIB.ORG

990-PF Or Section 4947(A)(1) Trust Treated As Private Foundation | Do Not Enter Social Security Numbers on This Form As It May Be Made Public

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
990-PF Or Section 4947(A)(1) Trust Treated As Private Foundation | Do Not Enter Social Security Numbers on This Form As It May Be Made Public EXTENDED TO FEBRUARY 15, 2019 Return of Private Foundation OMB No. 1545-0052 Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation | Do not enter social security numbers on this form as it may be made public. Department of the Treasury 2017 Internal Revenue Service | Go to www.irs.gov/Form990PF for instructions and the latest information. Open to Public Inspection For calendar year 2017 or tax year beginning APR 1, 2017 , and ending MAR 31, 2018 Name of foundation A Employer identification number THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST 13-7184401 Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number 230 PARK AVENUE 659 212-679-3600 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here ~ | NEW YORK, NY 10169 G Check all that apply: Initial return Initial return of a former public charity D 1. Foreign organizations, check here ~~ | Final return Amended return 2. Foreign organizations meeting the 85% test, Address change Name change check here and attach computation ~~~~ | X H Check type of organization: Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here ~ | X I Fair market value of all assets at end of yearJ Accounting method: Cash Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) Other (specify) under section 507(b)(1)(B), check here ~ | | $ 5,905,312,326. (Part I, column (d) must be on cash basis.) Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a).) expenses per books income income (cash basis only) 1 Contributions, gifts, grants, etc., received ~~~ 30,002,700. N/A 2 Check | if the foundation is not required to attach Sch. B Interest on savings and temporary 3 cash investments ~~~~~~~~~~~~~~ 358,285. 358,285. STATEMENT 1 4 Dividends and interest from securities~~~~~ 25,338,908. 101,787,418. STATEMENT 2 5a Gross rents ~~~~~~~~~~~~~~~~ b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 ~~ 201,327,817. Gross sales price for all b assets on line 6a ~~ 1,306,418,136. 7 Capital gain net income (from Part IV, line 2) ~~~~~ 315,207,789. Revenue 8 Net short-term capital gain ~~~~~~~~~ 9 Income modifications~~~~~~~~~~~~ Gross sales less returns 10a and allowances ~~~~ b Less: Cost of goods sold ~ c Gross profit or (loss) ~~~~~~~~~~~~ 11 Other income ~~~~~~~~~~~~~~~ 35,773,649. 6,142,894. STATEMENT 3 12 Total. Add lines 1 through 11 292,801,359. 423,496,386. 13 Compensation of officers, directors, trustees, etc. ~~~ 3,363,718. 1,199,084. 2,181,586. 14 Other employee salaries and wages ~~~~~~ 11,538,637. 3,781,163. 7,725,915. 15 Pension plans, employee benefits ~~~~~~ 5,394,226. 1,426,876. 4,174,300. 16a Legal fees~~~~~~~~~~~~~~~~~STMT 4 459,644. 194,036. 233,945. b Accounting fees ~~~~~~~~~~~~~~STMT 5 386,504. 168,000. 172,290. c Other professional fees ~~~~~~~~~~~STMT 6 6,126,617. 4,050,044. 1,875,937. 17 Interest ~~~~~~~~~~~~~~~~~~ 15,551. 2,062,670. 0. 18 Taxes~~~~~~~~~~~~~~~~~~~STMT 7 6,562,385. 4,416,508. 0. 19 Depreciation and depletion ~~~~~~~~~ 436,907. 38,302. 20 Occupancy ~~~~~~~~~~~~~~~~ 1,358,399. 313,357. 1,070,726. 21 Travel, conferences, and meetings ~~~~~~ 1,743,472. 295,795. 1,438,094. 22 Printing and publications ~~~~~~~~~~ 23 Other expenses ~~~~~~~~~~~~~~STMT 8 15,060,495. 39,996,514. 1,905,864. 24 Total operating and administrative expenses. Add lines 13 through 23 ~~~~~ 52,446,555. 57,942,349. 20,778,657. Operating and Administrative Expenses 25 Contributions, gifts, grants paid ~~~~~~~ 292,406,322. 246,120,577. 26 Total expenses and disbursements. Add lines 24 and 25 344,852,877. 57,942,349. 266,899,234. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements ~ <52,051,518.> b Net investment income (if negative, enter -0-)~~~ 365,554,037. c Adjusted net income (if negative, enter -0-) N/A 723501 01-03-18 LHA For Paperwork Reduction Act Notice, see instructions. Form 990-PF (2017) 1 12020122 756359 1622860.000 2017.05030 THE LEONA M. AND HARRY B. 16228601 THE LEONA M. AND HARRY B. HELMSLEY Form 990-PF (2017) CHARITABLE TRUST 13-7184401 Page 2 Beginning of year End of year Part II Balance Sheets Attached schedules and amounts in the description column should be for end-of-year amounts only. (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing ~~~~~~~~~~~~~~~~~~ 6,967,842. 17,705,673. 17,705,673. 2 Savings and temporary cash investments ~~~~~~~~~~~~ 40,371,293. 67,558,430. 67,558,430. 3 Accounts receivable 9 Less: allowance for doubtful accounts 9 4 Pledges receivable 9 Less: allowance for doubtful accounts 9 5 Grants receivable ~~~~~~~~~~~~~~~~~~~~~~~ 6 Receivables due from officers, directors, trustees, and other disqualified persons ~~~~~~~~~~~~~~~~~~~~~~ 7 Other notes and loans receivable ~~~~~~~~9 Less: allowance for doubtful accounts 9 8 Inventories for sale or use ~~~~~~~~~~~~~~~~~~~ 9 Prepaid expenses and deferred charges ~~~~~~~~~~~~~ 298,793. 711,077. 711,077. Assets 10a Investments - U.S. and state government obligations ~~~~~~~ b Investments - corporate stock ~~~~~~~~~~~~~~~~~STMT 9 469,101,171. 617,237,030. 617,237,030. c Investments - corporate bonds ~~~~~~~~~~~~~~~~~ 11 Investments - land, buildings, and equipment: basis ~~9 Less: accumulated depreciation ~~~~~~~~9 12 Investments - mortgage loans ~~~~~~~~~~~~~~~~~ 13 Investments - other ~~~~~~~~~~~~~~~~~~~~~~STMT 10 4,910,656,763. 5,190,185,951. 5,190,185,951. 14 Land, buildings, and equipment: basis 9 3,881,414. Less: accumulated depreciation ~~~~~~~~STMT 11 9 2,283,479. 2,034,843. 1,597,935. 1,597,935. 15 Other assets (describe 9 STATEMENT 12 ) 44,861,897. 10,316,230. 10,316,230. 16 Total assets (to be completed by all filers - see the instructions. Also, see page 1, item I) 5,474,292,602. 5,905,312,326. 5,905,312,326. 17 Accounts payable and accrued expenses ~~~~~~~~~~~~~ 3,894,730. 4,907,176. 18 Grants payable ~~~~~~~~~~~~~~~~~~~~~~~~ 208,710,549. 254,996,294. 19 Deferred revenue ~~~~~~~~~~~~~~~~~~~~~~~ 20 Loans from officers, directors, trustees, and other disqualified persons ~~~~ 21 Mortgages and other notes payable ~~~~~~~~~~~~~~~ Liabilities 22 Other liabilities (describe 9 STATEMENT 13 ) 30,664,581. 39,499,596. 23 Total liabilities (add lines 17 through 22) 243,269,860. 299,403,066. Foundations that follow SFAS 117, check here ~~~~ 9 X and complete lines 24 through 26, and lines 30 and 31. 24 Unrestricted ~~~~~~~~~~~~~~~~~~~~~~~~~ 5,231,022,742. 5,605,909,260. 25 Temporarily restricted ~~~~~~~~~~~~~~~~~~~~~ 26 Permanently restricted~~~~~~~~~~~~~~~~~~~~~ Foundations that do not follow SFAS 117, check here ~ 9 and complete lines 27 through 31. 27 Capital stock, trust principal, or current funds ~~~~~~~~~~~ 28 Paid-in or capital surplus, or land, bldg., and equipment fund ~~~~ 29 Retained earnings, accumulated income, endowment, or other funds ~ 30 Total net assets or fund balances~~~~~~~~~~~~~~~~ 5,231,022,742. 5,605,909,260. Net Assets or Fund Balances 31 Total liabilities and net assets/fund balances 5,474,292,602. 5,905,312,326. Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 5,231,022,742. 2 Enter amount from Part I, line 27a ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2 <52,051,518.> 3 Other increases not included in line 2 (itemize) 9 UNREALIZED GAIN ON INVESTMENTS 3 435,651,057. 4 Add lines 1, 2, and 3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 5,614,622,281. 5 Decreases not included in line 2 (itemize) 9 DEFERRED FEDERAL EXCISE TAX 5 8,713,021. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 5,605,909,260. Form 990-PF (2017) 723511 01-03-18 2 12020122 756359 1622860.000 2017.05030 THE LEONA M. AND HARRY B. 16228601 THE LEONA M. AND HARRY B. HELMSLEY Form 990-PF (2017) CHARITABLE TRUST 13-7184401 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income SEE ATTACHED STATEMENTS (a) List and describe the kind(s) of property sold (for example, real estate, (b) How acquired (c) Date acquired (d) Date sold P - Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo., day, yr.) 1a b c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale ((e) plus (f) minus (g)) a b c d e 1,306,418,136. 1,099,507,205. 315,207,789. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69. (l) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or Losses (from col. (h)) (i) FMV as of 12/31/69 as of 12/31/69 over col. (j), if any a b c d e 315,207,789. rIf gain, also enter in Part I, line 7 p 2 Capital gain net income or (net capital loss) sqIf (loss), enter -0- in Part I, line 7 ~~~~~~ om 2 315,207,789.
Load more

Recommended publications
  • Microcapital Monitor the CANDID VOICE for MICROFINANCE INVESTMENT
    SEPTEMBER 2008 | VOLUME.3 ISSUE.9 MicroCapital Monitor THE CANDID VOICE FOR MICROFINANCE INVESTMENT MICROCAPITAL BRIEFS | TOP STORIES Peru’s Mibanco to Issue IPO, Aiming to Raise $15.5m INSIDE Page Shareholders of Peruvian microfinance lender Mibanco have agreed to raise up to the MicroCapital Briefs 2 equivalent of USD 15.5 million via an IPO, according to a regulatory report. Mibanco holds Microfinance news USD 740 million in assets and equity worth USD 70 million. September 22. 2008 Market Indicators 8 Dutch SNS Fundraising for Second Institutional Microfinance Fund Courtesy of the MIX SNS Asset Management (SAM) is reportedly fundraising for a successor to the SNS Institutional Microfinance Fund. The new fund, targeted at USD 140 million, was created in Upcoming Events 9 response to high demand from Dutch institutional investors. Run by Developing World Markets, it will invest 70 percent in microfinance institution debt and 30 percent in equity. Industry conferences Holding USD 28 billion in assets, SAM is a subsidiary of Dutch banking and insurance company SNS REAAL. The original SNS Institutional Microfinance Fund was the Pioneers in Microfinance company’s first fund dedicated to microfinance. September 8. 2008 Will return in October Nigerian Microfinance Banks to Set Up Interbank Market Paper Wrap-ups 10 Twenty-four microfinance banks and five discount houses in Nigeria are reportedly Latest research and reports establishing an interbank money market for the sub-sector. Such a market would allow banks to borrow and lend among one another, as well as provide opportunities to invest excess Monitor Subscriptions 11 funds and borrow to cover temporary liquidity shortfalls.
    [Show full text]
  • Private Equity Investments in Microfinance in India
    Michigan Business & Entrepreneurial Law Review Volume 4 Issue 2 2015 Private Equity Investments in Microfinance in India Hugh Manahan University of Michigan Law School Follow this and additional works at: https://repository.law.umich.edu/mbelr Part of the Banking and Finance Law Commons, and the Comparative and Foreign Law Commons Recommended Citation Hugh Manahan, Private Equity Investments in Microfinance in India, 4 MICH. BUS. & ENTREPRENEURIAL L. REV. 293 (2015). Available at: https://repository.law.umich.edu/mbelr/vol4/iss2/5 This Note is brought to you for free and open access by the Journals at University of Michigan Law School Scholarship Repository. It has been accepted for inclusion in Michigan Business & Entrepreneurial Law Review by an authorized editor of University of Michigan Law School Scholarship Repository. For more information, please contact [email protected]. Private Equity Investments in Microfinance in India Hugh Manahan* TABLE OF CONTENTS I. INTRODUCTION ......................................... 294 II. MICROFINANCE BUSINESS MODEL ....................... 294 A. Overview and History ............................... 294 B. Business Model ..................................... 297 1. Target Population and Products ................. 297 2. Joint Liability Groups .......................... 299 3. Customer Acquisition and Loan Servicing ....... 301 III. REGULATION OF MFIS.................................. 303 A. Non-Banking Financial Companies (NBFCs) ........ 305 B. Non-Banking Financial Companies – Microfinance
    [Show full text]
  • Impact Investing for Institutional Investors
    RACHEL F. WANG IMPACT INVESTING FOR INSTITUTIONAL INVESTORS JULY 2016 About the Authors About New America Rachel F. Wang is a fellow with New New America is committed to renewing American politics, America’s Bretton Woods II Initiative. She prosperity, and purpose in the Digital Age. We generate big explores the current state of impact ideas, bridge the gap between technology and policy, and investing and focuses on studying curate broad public conversation. We combine the best of financial vehicles that can be used to a policy research institute, technology laboratory, public solve critical global issues. Wang worked at the forum, media platform, and a venture capital fund for International Monetary Fund on public financial ideas. We are a distinctive community of thinkers, writers, management, where she contributed to ongoing researchers, technologists, and community activists who macroeconomic work in Sub-Saharan and European believe deeply in the possibility of American renewal. countries after the recent financial crisis. She recently co- authored an IMF working paper and database showing Find out more at newamerica.org/our-story. how countries’ fiscal transparency performance has changed over time. Previously, Wang worked for economist Robert Shiller and U.S. Ambassador to China Gary Locke. About Bretton Woods II She is a graduate of Yale University. Bretton Woods II is engaging sovereign wealth funds, Acknowledgments pension funds, endowments, and family offices to build a new business model for social finance. The initiative is harnessing analytics, advocacy, and financial tools to The author would like to thank the various civil society channel part of the $25 trillion controlled by long-term organizations, academic institutions, financial asset holders into strategic investments in social impact institutions, and impact investing-related organizations that address root causes of volatility.
    [Show full text]
  • NBK Capital Partners and the Role of Private Capital in Emerging Markets 2020
    2020 Legatum Center for Development and Entrepreneurship at MIT NBK Capital Partners and the Role of Private Capital in Emerging Markets CASE STUDY DECEMBER 2020 REGIE MAURICIO DINA H. SHERIF SECTION I: NEW IDEAS FOR A CHALLENGING MARKET Yaser Moustafa joined National Bank of Kuwait Capital Partners (NBKCP) as Senior Managing Director at a turning point in April 2015. His primary goals were to diversify the alternative investments company’s LP base and grow multi-fund platform investment strategies. However, Yaser quickly realized that more time and effort was required to ensure that the portfolio companies created value that would bring back solid returns for the fund. The macroeconomic environment at the time was unforgiving. The 2011 revolutions in the area scared off many foreign investors, and in the year that Yaser assumed this role, the price of oil dropped by 70%. Portfolio companies needed to weather challenging circumstances but often lacked the institutional resilience. One such firm was Yatsan, a mattress and sleep product manufacturer in Turkey. The platform had only recently acquired a majority in the company in 2014. It had previously held a minority share in the company and realized that it could not affect the kind of changes needed for the business to grow. Yatsan was a family business and faced many endemic challenges including irregular financial bookkeeping and inconsistent compliance efforts. All 800 of the company's employees reported directly to the owners who managed by personal relationships. The salary scale was not uniform, the pay schedule unpredictable, the health and safety standards inadequate, and no union in operation.
    [Show full text]
  • Economic Openness
    GLOBAL INDEX OF ECONOMIC OPENNESS Economic Openness Romania Case Study 2019 CREATING THE PATHWAYS FROM POVERTY TO PROSPERITY ABOUT THE LEGATUM INSTITUTE The Legatum Institute is a London-based think tank with a global vision: to see all people lifted out of poverty. Our mission is to create the pathways from poverty to prosperity, by fostering Open Economies, Inclusive Societies and Empowered People. We do this in three ways: Our Centre for Metrics which creates indexes and datasets to measure and explain how poverty and prosperity are changing. Our Research Programmes which analyse the many complex drivers of poverty and prosperity at the local, national and global level. Our Practical Programmes which identify the actions required to enable transformational change. ABOUT THE AUTHOR Dr. Stephen Brien is Director of Policy at the Legatum Institute. ACKNOWLEDGEMENTS The authors would like to thank Helen Slater, Bianca Swalem, Hugh Carveth, Daniel Herring, and Edward Wickstead for their contributions to this work. This report was prepared as briefing for the Aspen Europe Next conference, held in Bucharest. This publication was made possible through the support of a grant from Templeton World Charity Foundation, Inc. The opin- ions expressed in this publication are those of the authors and do not necessarily reflect the views of Templeton World Charity Foundation, Inc. The Legatum Institute would like to thank the Legatum Foundation for their sponsorship. Learn more about the Legatum Foundation at www.legatum.org ©2019 The Legatum Institute Foundation. All rights reserved. The word ‘Legatum’ and the Legatum charioteer logo are the subjects of trade mark registrations of Legatum Limited is a registered trade mark of Legatum Foundation Limited.
    [Show full text]
  • Understanding the Ecosystems of Chinese and American Entrepreneurship Education Chien Wen Yu Bridgewater State University, [email protected]
    Bridgewater State University Virtual Commons - Bridgewater State University Management Faculty Publications Management Department 2018 Understanding the Ecosystems of Chinese and American Entrepreneurship Education Chien Wen Yu Bridgewater State University, [email protected] Follow this and additional works at: http://vc.bridgew.edu/management_fac Part of the Business Commons Virtual Commons Citation Yu, Chien Wen (2018). Understanding the Ecosystems of Chinese and American Entrepreneurship Education. In Management Faculty Publications. Paper 42. Available at: http://vc.bridgew.edu/management_fac/42 This item is available as part of Virtual Commons, the open-access institutional repository of Bridgewater State University, Bridgewater, Massachusetts. Journal of Entrepreneurship Education Volume 21, Issue 2, 2018 UNDERSTANDING THE ECOSYSTEMS OF CHINESE AND AMERICAN ENTREPRENEURSHIP EDUCATION Chien Wen Yu, Bridgewater State University ABSTRACT Since the 1980s, entrepreneurship education in the United States has become increasingly popular. The system of entrepreneurship education in the United States is characterized by relatively scientific and systemic teaching and research. The concept of ecosystems, which comes from the natural sciences, is increasingly applied to regional development and focused on inter-organizational relationships. One way to assess the ecosystems of entrepreneurship education is to consider all components of the whole–the business model, teaching philosophy, curriculum, teaching content, teacher training, infrastructure, culture, network and practices of each country. A useful tool for understanding these interrelationships is the Triple Helix Model (university-government-industry). This approach is applied in here this research to compare and analyse the ecosystems of entrepreneurship education in the United States and China, the top two economic and entrepreneurial powers in the world.
    [Show full text]
  • Economic Openness
    GLOBAL INDEX OF ECONOMIC OPENNESS Economic Openness United Kingdom Case Study 2019 CREATING THE PATHWAYS FROM POVERTY TO PROSPERITY ABOUT THE LEGATUM INSTITUTE The Legatum Institute is a London-based think tank with a global vision: to see all people lifted out of poverty. Our mission is to create the pathways from poverty to prosperity, by fostering Open Economies, Inclusive Societies and Empowered People. We do this in three ways: Our Centre for Metrics which creates indexes and datasets to measure and explain how poverty and prosperity are changing. Our Research Programmes which analyse the many complex drivers of poverty and prosperity at the local, national and global level. Our Practical Programmes which identify the actions required to enable transformational change. ABOUT THE AUTHORS Dr. Stephen Brien is Director of Policy at the Legatum Institute. James Sproule was a Senior Fellow at the Legatum Institute from 2017-2019. ACKNOWLEDGEMENTS The authors would like to thank Molly Kiniry, Daniel Herring, Joshua Lee, and Bianca Swalem for their contributions to this report. This publication was made possible through the support of a grant from Templeton World Charity Foundation, Inc. The opinions expressed in this publication are those of the Legatum Institute and do not necessarily reflect the views of Templeton World Charity Foundation, Inc. The Legatum Institute would like to thank the Legatum Foundation for their sponsorship. Learn more about the Legatum Foundation at www.legatum.org ©2019 The Legatum Institute Foundation. All rights reserved. The word ‘Legatum’ and the Legatum charioteer logo are the subjects of trade mark registrations of Legatum Limited is a registered trade mark of Legatum Foundation Limited.
    [Show full text]
  • The Legatum Fellowship 10 Years of Impact 2007-2017 Contents
    THE LEGATUM FELLOWSHIP 10 YEARS OF IMPACT 2007-2017 CONTENTS 10 YEARS ABOUT US IMPACT IMPACT STORY STORY STORY STORY 10 Years of Why Do We Impact Impact Disrupting Boosting Transforming Empowering Impact at the Care? Numbers by Numbers by Urban Access to Weather Smallholder Legatum Center Fellow Venture Infrastructure Capital Forecasting Farmers The Story of Jacob Joseph Who Are We? Adetayo Fernanda Rei & Itai Aukrit 4 6 10 12 14 16 18 20 STORY STORY STORY STORY STORY STORY TODAY METHOD Tackling the Activating Delivering Access to Breaking Creating Where Are They Research Sanitation Residents for Diabetes Care Medical Knowledge Conversations Now? Methodology Challenge Recycling Equipment Barriers at Scale David, Genevieve & Sam & Our Values & Ani, & Lindsey Bilikiss Javier Oluwasoga Tunde Kenfield Thank You 22 24 26 28 30 32 34 36 An Inspiring 10 Years Like any year at the Legatum Center, 2017 was a rich experience shaped 230,000 patients, 300,000 farmers, and 37,000 business owners. We by new programs, new knowledge, and a new cadre of remarkable also track our Net Promoter Score (NPS) and in 2016, for the first time, we entrepreneurs. It was also a milestone year—our 10th year—and thus a received an NPS of 100 from our graduating class. unique opportunity to take stock and reflect, and that we have. These are numbers worth celebrating, but it’s when you glimpse at the Our Center was founded on the belief that entrepreneurs are critical faces behind the numbers that the impact is truly felt. In these pages to advancing economic and social progress in the developing world.
    [Show full text]
  • A Global Hub for Entrepreneurial Leaders Moving Ideas to Impact in the Developing World
    LEGATUM CENTER FOR DEVELOPMENT & ENTREPRENEURSHIP 2018 2019* A global hub for entrepreneurial leaders moving ideas to impact in the developing world * Academic Year, Fall ’18–Spring ’19 LEGATUM CENTER | 1 The Legatum Center was founded on the belief that entrepreneurs and their market-driven solutions are critical to advancing socioeconomic progress in the developing world. While global prosperity has increased in recent decades, the progress is uneven, and the worst deprivations are still concentrated in specific parts of the globe. We drive inclusive prosperity by empowering the next generation of change agents who, through principled entrepreneurial leadership, will create good jobs, improve lives, and build a better world. The Center is a global community based at MIT, drawing on the Institute’s talent, networks, presence, and expertise to inspire and equip those who want to move their ideas toward scalable impact. We build inclusive pathways within MIT and also between MIT and growth market ecosystems. We support MIT students at every stage of their entrepreneurial journey through our rich portfolio of programs, the capstone of which is a competi- tive Fellowship reserved for students dedicated to building and scaling their ventures post-graduation. The Center also provides channels for entrepreneurs across the world to access MIT resources and enrich our ecosystem. Finally, we distill what we learn from these networks to advance research and thought leadership that impacts entrepreneurial leaders and stakeholders. Letter from the
    [Show full text]
  • 2014 Annual Report
    2015 Notice and Proxy Statement And 2014 Annual Report 14OCT201422193676 SONUS NETWORKS, INC. 4 Technology Park Drive Westford, MA 01886 April 29, 2015 Dear Stockholder: We cordially invite you to attend the annual meeting of stockholders of Sonus Networks, Inc. The meeting will be held on Thursday, June 11, 2015, at 10:00 a.m., local time, at the offices of Wilmer Cutler Pickering Hale and Dorr LLP, located at 60 State Street, Boston, Massachusetts 02109. At the annual meeting, stockholders will be asked to consider and vote on (i) the election of eleven nominees for director to hold office until the 2016 annual meeting of stockholders; (ii) the approval of amendments to the Sonus Networks, Inc. 2007 Stock Incentive Plan, as amended; (iii) the ratification of the appointment of Deloitte & Touche LLP to serve as Sonus’ independent registered public accounting firm for the fiscal year ending December 31, 2015; (iv) the approval, on a non-binding basis, of the compensation of our named executive officers as disclosed in the ‘‘Compensation Discussion and Analysis’’ section and the accompanying compensation tables and related narratives contained in the accompanying Proxy Statement; and (v) the transaction of any other business that may properly come before the meeting and any adjournments or postponements thereof. Sonus’ Board of Directors recommends a vote FOR each of the proposals, each of which is described in more detail in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement. We look forward to greeting personally those stockholders who are able to be present at the meeting; however, whether or not you plan to attend in person, it is important that your shares be represented.
    [Show full text]
  • Methodology Report
    THE LEGATUM PROSPERITY INDEX 2019 — METHODOLOGY REPORT www.li.com www.prosperity.com PROSPERITY INDEX The Legatum Prosperity IndexTM 2019 Methodology Report A tool for transformation THE LEGATUM PROSPERITY INDEX 2019 — METHODOLOGY REPORT ©2019 The Legatum Institute Foundation. All rights reserved. The Legatum Prosperity IndexTM and its underlying methodologies comprise the exclusive intellectual property of Legatum Foundation Limited. The word ‘Legatum’ and the Legatum charioteer logo are the subjects of trade mark registrations of Legatum Limited and ‘Legatum Prosperity Index’ is a registered trade mark of Legatum Foundation Limited. Whilst every care has been taken in the preparation of this report, no responsibility can be taken for any error or omission contained herein. THE LEGATUM PROSPERITY INDEX 2019 — METHODOLOGY REPORT Contents Introduction .................................................................................................................................................... 3 Part I – Defining prosperity .......................................................................................................................... 4 What is prosperity? ........................................................................................................................... 4 Inclusive Societies ...............................................................................................................................7 Open Economies .............................................................................................................................
    [Show full text]
  • Norton Rose Fulbright Law Around the World
    Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Norton Rose Fulbright Law around the world July 2014 Contents Recognition 02 Norton Rose Fulbright – in brief 04 Global services A–Z 06 Global coverage 09 Global practice groups 125 Industry strengths 139 Global management team 153 Business principles 167 More than 50 locations, including Houston, New York, London, Toronto, Hong Kong, Singapore, Sydney, Johannesburg and Dubai. Attorney advertising Some of the rankings and accolades included in this publication pre-date the combination of Norton Rose and Fulbright & Jaworski LLP on June 3, 2013 Norton Rose Fulbright – law around the world Global resources People worldwide 7400 Legal staff worldwide 3800 Offices 50+ Europe United States Canada Amsterdam Moscow Austin New York Calgary Athens Munich Dallas Pittsburgh- Montréal Brussels Paris Denver Southpointe Ottawa Frankfurt Piraeus Houston St Louis Québec Hamburg Rome Los Angeles San Antonio Toronto London Warsaw Minneapolis Washington DC Milan Norton Rose Fulbright – law around the world Our office locations Latin America Asia Australia Africa Middle East Central Asia Bogotá Bangkok Brisbane Cape Town Abu Dhabi Almaty Caracas Beijing Canberra Casablanca Bahrain Rio de Hong Kong Melbourne Dar es Salaam Dubai Janeiro*** Jakarta* Perth Durban Riyadh** Shanghai Sydney Johannesburg Singapore Tokyo *Susandarini & Partners in association with Norton Rose Fulbright Australia **Mohammed Al-Ghamdi Law Firm in association
    [Show full text]