SHATTERING EXPECTATIONS • CHRISTOPHER & DANA REEVE FOUNDATION • 2007 ANNUAL REPORT At our 3rd annual Los Angeles gala, it was our great pleasure to present the 2007 Christopher & Dana Reeve Foundation Philanthropy Award to actor, and member of our Board of Directors, Robin Williams.

“I remember seeing dad so happy whenever they were I saw him go from this man whose kinetic energy together,” said Christopher’s son Matthew in presenting could fill a room to become focused like a laser, like a the award, “and the day in the hospital in Virginia, when, beam that could bounce off other planets and stars, and in the guise of a Russian proctologist, he made my dad address the situation to the point where he became part laugh – at a time when he needed to laugh. From then of a presidential debate – and that means you’ve gotten until now, he has continued to be there for our family somebody’s attention. and for this Foundation every step of the way.” Chris would want this to keep going. And Dana kept going after Chris was gone. When you find people who fight like that but still keep their humanity - that gives Besides being Superman, Chris was brave, you great hope. That’s why I’m here. I’m here to keep compassionate, extraordinary. the work going.

Sometimes he wanted to get a t-shirt that said, “Find So I leave you with the great hope and joy of knowing another hero,” but he put himself out there right away that… there are extraordinary things being done. Tell The Christopher & Dana Reeve Foundation is dedicated to curing spinal cord injury by and went up against incredible assumptions about others. Stay with us, because we have a lot more to treatment that said: That’s it, game over. He said, “No come. funding innovative research, and improving the quality of life for people living with it’s not.” Robin Williams paralysis through grants, information and advocacy. Chris was about confronting [assumptions] and saying: Excerpted from his acceptance speech look at this logically, look at what we can do. June 6, 2007 2007 Annual Report

2 Message from the Chairman 5 Message from the President 6 Research International Consortium on Spinal Cord Injury ▶ ▶ “Nothing of anypage consequence with quote happens unless people get behind an idea. Individual Research Grants NeuroRecovery Network North American Clinical Trials Network It begins with an individual and they share the idea with more individuals… 11 Quality of Life Quality of Life Grants Paralysis Resource Center and eventually it becomes a movement.” Multicultural Outreach Military Outreach Christopher Reeve, 2002 Paralysis Community 16 Advocacy 17 Team Reeve 18 Special Events 23 Corporate Partners 24 Michael A. Hughes Society 27 Donor Profile 28 Foundation Friends 35 Financial Statements What happened to make 2007 a turning point? our passion for the cure and have joined with us to Foundation in addition to his duties as its President. Peter Message from the ▘ Team Reeve has gone from a crawl to a full-on find the most effective and efficient ways to fight has been a true partner in carrying out the numerous sprint. By linking teams and individual athletes who paralysis. exciting activities listed here. His steady hand has been participate in our name and who raise increasingly ▘ Through Chapter Expansions, we’re planning to instrumental to our success. With his leadership, our Chairman research programs continue to embody our passion for large sums for our cause, Team Reeve has quickly add chapters to the Reeve Foundation across the become one of our biggest sources of revenue. In country. Already we have taken steps to start New excellence, and our Quality of Life programs are meeting three years, Team Reeve has gone from raising England and Chicago chapters, and more are on our increasingly exacting standards. a few thousand dollars to six figures. Starting as the way. The Reeve Foundation is a global brand, individual initiatives, we have seen Team Reeve and we are seeking to realize its full potential in It is time. Everywhere you look, our organization is attract corporate, school, and community teams, and communities across our nation. humming with new energy and renewed vigor. None of they’re branching out to compete in events around this vitality would be possible without your support. the world. We have seen additional signs of progress on You have our promise that we will carefully invest your Tonight, we unveil our new logo: twin flames wrapped several other fronts. We added two new sites to the funds in the most promising research and in the most in a single enduring fire. Each flame represents the ▘ The Leadership Board has grown from an idea to NeuroRecovery Network as well as two new community- effective caregiving organizations. We will not rest, we burning passion of care and cure embodied in the work ten dynamic individuals (and counting) who are based centers, which bring the number of patients will not compromise, and with your help… of Dana and Christopher Reeve. committed to opening doors, raising awareness, and attracting greater support for the Reeve Foundation. involved in this breakthrough locomotor therapy to over 200. We are literally seeing people wheel in and walk We will not stop our work…until everyone stands. Why reinforce their respective areas of life-focus in a The Leadership Board has already significantly out. These early successes are daring us to think more new logo? helped the Foundation grow its revenue base. boldly. ▘ The Champions Committee, chaired by Matthew and Alexandra Reeve and led by Cherie Alcoff Because it is time. We also received a significant grant that is allowing us Sincerely, and Francesco Clark, represents the best that fresh to expand our North American Clinical Trials Network thinking and youth can bring to an established After Chris’s death, our only choice was to “Go into the Veterans Administration. As a consequence, we organization. These Champions are the future of the Forward,” a battle cry that also served us well in the have been empowered to build momentum in the care of Foundation, and they are making a difference today. aching period when Dana was so suddenly taken returning veterans with paralysis, spinal cord injury, and from us. Now, as the years have passed and the hurt ▘ Reeve Partners is an initiative that encourages traumatic brain injury. Helping these veterans is our duty Peter D. Kiernan, III in our hearts has found some measure of healing, it is terrific organizations to do their own fundraising and we thank all of you for helping to support this vital Chairman, Board of Directors time to hold our heads high and carry on in the name and then collaborate with the Reeve Foundation in new enhancement to our mission. of our founders. It is time to raise the profile of our the grant-making process. As partners, we launched organization and to inspire new levels of support by the Danny Heumann Young Scientists initiative, A key driver of the momentum and growth of the

message from the chairman sharing, with great joy, the tangible, inch-by-inch the Life Rolls On project, and the Sam Schmidt organization has been the unswerving dedication of progress we are making in curing paralysis. Paralysis Foundation. These organizations share Peter Wilderotter, who was elevated to CEO of the

2 For everyone who thought I couldn’t do it. For Message from the everyone who thought I shouldn’t do it. For everyone President & CEO who said I didn’t have time. See you at the finish line.

In 2007, more than 50 called the “graveyard of neurobiology.” who join us every day with fresh perspective and energy heroes ran the ING New Thirteen years ago, Chris was injured, and, in his – many of whom you will meet in these pages – and two York City Marathon as relentless, courageous pursuit of cures, he revolutionized of our newest Trustees, Alexandra and Matthew Reeve, “Team Reeve.” They wore the way we think about paralysis. who are propelling us with diligence and creativity that these words on their shirts: are truly home grown. Nine years ago, Jack and Michael Hughes made the

For everyone who thought largest gift of its kind to this foundation, enabling us Like our growing legions of Team Reeve athletes, we I couldn’t do it. For to plan a robust research infrastructure to advance a are on a journey that demands great fortitude. Every day, everyone who thought I shouldn’t do it. For everyone global research consortium, clinical trials network, our researchers confront the most challenging scientific who said I didn’t have time. See you at the finish line. NeuroRecovery Network, and unprecedented grants queries, while our Resource Center specialists confront programs. the immediate, often heartbreaking concerns of families dealing with paralysis. This year, we also confronted the Cristina Carlino, founder of the innovative cosmetic Seven years ago, Dana’s vision led to our unique loss of our great champion Michael Hughes. company philosophy and philanthropist-extraordinaire, Paralysis Resource Center and Quality of Life Program. mailed that quote to Christopher after his accident. It

But our movement endures. We will continue to carry message from the president & ceo became a rallying cry for the Reeve family. In addition to an extraordinary Board of Directors, we forward the resilience of all those who came before

now have a Leadership Board of ten gifted, dynamic as we turn what was once a graveyard into the most It embodies the spirit of the Reeve Foundation and individuals. promising and exciting field of science. Our goals are in everyone connected to it. Their collective optimism sight. See you at the finish line. and drive have made us more than a charity. We are a We owe our momentum to the compassion, friendship, movement. and acumen of our Board Chair Peter Kiernan and the

steps he took two years ago to steady this ship. And we Twenty-six years ago, our Board member Henry Stifel are strong today because of all the beloved, steadfast was injured, and his family and community rallied to friends of Chris and Dana, the wonderful new friends Peter T. Wilderotter, President and CEO stimulate research in a field that Dr. Reggie Edgerton 5 research The International Research Consortium on Spinal Cord Injury

The Reeve Foundation allocates its research dollars This approach has succeeded in expanding the reach and of which are already moving toward clinical stem cell among four initiatives covering the full bench-to-bedside breadth of spinal cord injury research through training the applications. The workshop’s purpose was to assess the

“The Consortium provided me with a unique continuum. By funding the most innovative, committed next generation of spinal cord investigators and nurturing status of stem cell science related to spinal cord repair and experience that will influence my scientific activities investigators, promoting collaboration, and forming their careers. regeneration. throughout my career. I will not be able to thank the networks of individuals and institutions, we continue to Foundation enough for this precious gift.” expand the field of spinal cord research and translate basic In 2007, three fellows of the Consortium left the “nest” The participants reached two fundamental conclusions. CONSORTIUM ADVISORY PANEL 2007 INTERNATIONAL RESEARCH Gregoire Courtine, Ph.D. CONSORTIUM ON SPINAL CORD INJURY research findings from the lab into real-world treatments to start their own spinal cord research laboratories, where First, given the complexity of spinal cord trauma, any Albert J. Aguayo, M.D. “The Consortium opened doors I wouldn’t have for people living with paralysis. they will continue to foster cultures of collaboration. stem cell strategy for the spinal cord must draw upon the Director, Center for Research in Neuroscience Mary Bartlett Bunge, Ph.D. dreamed of. Despite the huge prestige that each Ronaldo Ichiyama, Ph.D., from Reggie Edgerton’s lab most cutting-edge research in the field, especially with Montreal General Hospital, Neurology The Miami Project to Cure Paralysis, Miami, FL Montreal, Quebec member possesses in the scientific community, it is at UCLA, now heads a lab at the University of Leeds respect to clinical applications of basic science findings. the Consortium’s camaraderie and cooperative spirit The International Research Consortium on Canada V. Reggie Edgerton, Ph.D. in England. Gregoire Courtine, Ph.D., also from the Second, progress will depend on targeted collaborations that nurtures each Associate into an independent Spinal Cord Injury University of California Los Angeles, CA spinal cord injury researcher.” Edgerton lab, now runs a lab at the University of Zurich and cross-disciplinary discussions. At the meeting, several Robert G. Grossman, M.D. Director, The Neurological Institute James W. Fawcett, Ph.D. The Consortium includes seven of the world’s premier in Switzerland. Douglas Benson, Ph.D., who worked with decisions were made: Ronaldo M. Ichiyama, Ph.D. Chairman, Department of Neurosurgery University of Cambridge, UK labs, which pool their talents to address some of the most Luis Parada at the University of Texas Southwestern, has ▘ An eighth lab with expertise in stem cell biology in The Methodist Hospital “My experience in the Consortium gave me a challenging issues related to spinal cord injury, including Houston, TX Fred H. Gage, Ph.D. based his lab at Baylor College of Dentistry. the spinal cord will be invited to join the Consortium. sense that I was part of a larger effort that stands to tissue repair, neuron activation and regeneration, and The Salk Institute, La Jolla, CA accomplish real progress toward a cure. I can say that I ▘ Guy M. McKhann, M.D. physical therapy. Over its distinguished history, the Unique Stem Cell Road Map Dr. Gage will dedicate his Consortium research more am a better scientist and spinal cord injury researcher Professor of Neurology and Neuroscience Lorne M. Mendell, Ph.D. because of my time with the Consortium.” Consortium has clearly demonstrated that pivotal exclusively to stem cells and head a new stem cell The Consortium convened a select group of international Johns Hopkins University State University of New York–Stony Brook, NY M. Douglas Benson, Ph.D. discoveries can happen when scientists from different core laboratory at The Salk Institute, which will make The Zanvyl Krieger Mind/Brain Institute research stem cell experts for a 2007 workshop, chaired by Fred H. disciplines commit to sharing knowledge and working cells available to member labs and serve as a training Baltimore, Maryland Luis F. Parada, Ph.D. “Rusty” Gage, Ph.D., of The Salk Institute, and Anders UT Southwestern Medical Center, Dallas, TX side by side. facility for Consortium members. research Björklund, M.D., of the Wallenberg Neuroscience Center Charles Tator, M.D., Ph.D. ▘ The Foundation will raise a new pool of resources to Professor of Neurosurgery Martin E. Schwab, Ph.D. at Sweden’s Lund University. Participants included New Labs are Born fund stem cell collaborations among labs inside and University of Toronto, Division of Neurosurgery University of Zurich, Switzerland scientists from the academic sector, scientist-clinicians, Toronto Western Hospital Each participating lab is required to have at least one post- outside the Consortium. and representatives from biotechnology firms, several Toronto, Ontario, Canada doctoral fellow dedicated to the work of the Consortium.

6 7 research The Individual Research research NeuroRecovery Grants Network (NRN)

Individual grants, which is the Reeve Foundation’s Ramella-Roman, Ph.D., at The Catholic University The Christopher & Dana Reeve Foundation’s broadest research program, nurture new talent and of America, which explore the potential link between NeuroRecovery Network is a unique network of ideas for the development of treatments for paralysis pressure sores and autonomic dysreflexia (AD). AD institutions formed through a cooperative agreement with Caren Sydnor NeuroRecovery Network Centers caused by spinal cord injury. Areas of focus include often accompanies high spinal cord injury, causing the Centers for Disease Control and Prevention. Each At age 23, Caren Sydnor developed a spinal infection Boston Medical Center, Boston, MA neuroprotection, regeneration and the relief of devastating involuntary nervous system processes such as blood participating center is a cutting-edge rehab facility whose and T6 disability two days after Frazier Rehab Institute, Louisville, KY chronic conditions resulting from injury, such as persistent pressure and temperature control to go haywire. staff has been uniformly trained in intensive locomotor receiving an epidural injection pain, spasticity, and loss of bowel, bladder, and sexual Pressure sores are areas of damaged skin that occur training—an activity-based therapy in which a patient during the birth of her son, The Institute for Rehabilitation and Research control. Since its inception, this program has supported when the injured person stays in one position for too “walks” on a treadmill while suspended in a harness. By Wesley. She entered an NRN Houston, TX center in a wheelchair, and she is 560 labs at a total of over $41.5 million. long. Affecting more than half of all people living with year-end 2007, 200 patients had received treatment in now walking unassisted indoors Kessler Medical Rehabilitation Research and spinal cord injury, they can lead to fatal infections. Their NRN centers, and therapists had seen profound changes and with the help of canes outdoors. Caren is once again Education Center/ Kessler Institute For Rehabilitation Empowering the Tongue treatment costs in the United States alone, for SCI and in every one of them, such as improved ability to stand enjoying life as a mother and college student. She has also West Orange, NJ resumed going to baseball games with her husband, as she One Reeve Foundation grant in 2007 went toward all other conditions, were estimated to be between 2.2 and step, improved trunk stability and bone density, and is now able to walk down the steps to their “great seats right Magee Rehabilitation Hospital, Philadelphia, PA advancing a groundbreaking technology called the and 3.6 billion dollars in 2005. greater cardiovascular and pulmonary function. behind home plate.” Ohio State University Medical Center, Columbus, OH Tongue Drive System (TDS), developed by electrical 2007 Research Funding Breakdown More Power to the People 1st Lieutenant Reinaldo engineer Maysam Ghovanloo, Ph.D., at the Georgia Gonzalez II Shepherd Center, Atlanta, GA Institute of Technology. Dr. Ghovanloo’s team is NACTN In 2007 the NRN grew in another exciting way by During a training exercise at Unit- $1,372,207 developing miniaturized elements based on Bluetooth® offering locomotor training within community fitness ed States Army Ranger School, CONSORTIUM 24-year-old Reinaldo Gonzalez technology. When implanted in the tongue, these will $2,209,857 settings. This activity-based therapy will now be available fell 35 feet and sustained a C4 research allow quadriplegics to use their tongues to perform in select exercise facilities, adding to a variety of services spinal cord injury. When he tasks that they used to handle with their arms and hands, 2007 RESEARCH FUNDING BREAKDOWN designed to keep people living with disabilities “fit for entered rehab at an NRN center, NRN he had severe gait instability and including dialing the phone and working a computer. $1,150,000 life.” Recently, Frazier Rehab Institute in Louisville needed an assistive device to walk. He now walks unassisted opened a community wellness facility that offers and is even starting to run, perform combat rolls, and carry Conquering Deadly Pressure Sores locomotor training, and plans are underway for a Los a 50-pound pack. He is determined to achieve his dream of completing Ranger School, where the training requirements INDIVIDUAL GRANTS Angeles-based health and wellness facility to add the The Reeve Foundation is supporting studies by Jessica $2,123,572 include running five miles in under 40 minutes. therapy to their other services. 9 10 research University of Texas ofPublic School Health,Houston, TX University of Texas HealthScienceCenter, Houston, TX University of Maryland Medical System, Medical Baltimore,University ofMaryland MD Biostatistics andData Center Management for NACTN Northwestern University, of RehabilitationInstitute Walter Army Reed Center, Medical Washington, DC Principal Investigator: Frankowski, Ralph Ph.D. University of Virginia, Charlottesville, VA Michael K. Rosner, K. Michael M.D., LTC, MC,USA The Hospital, Methodist Houston, TX University ofLouisville, Louisville, KY University of Toronto, Toronto, ON Michael G.Fehlings,Michael M.D., Ph.D. William Zev Rymer, M.D., Ph.D. Christopher Shaffrey, M.D. Robert G.Grossman, M.D.Robert Christopher Shields, M.D. John W. Crommett, M.D. Principal Investigators: Principal Investigators: Principal Investigators: Principal Investigators: Principal Investigators: Principal Investigator: Principal Investigator: Principal Investigator: Susan Harkema, Ph.D.Susan Harkema, John Jane, M.D., Ph.D. Bizhan Aarabi, M.D. Charles Charles Tator, M.D. David Chen,M.D. Chicago, IL This neuroprotective agentisFDA-approved tohelp groundwork for a2008safetytrialofthedrug riluzole. In 2007,NACTNinvestigators beganlayingthe reproducible outcomemeasures foruseinclinicaltrials. civilian hospitalsandtodevelopvalidatesensitive, continue NACTNexpansionintomilitary, VA, and dollar grantfromtheU.S.DepartmentofDefenseto Reeve Foundationreceivedasecondmulti-million as soontheyareclearedfortrial.In2007,the to testcutting-edgetherapiesandsurgical approaches of Maryland.Now, atotalofninecentersareprimed Center, theUniversityofLouisville,and three additionalcenters: Walter Reed Army Medical In 2007,NACTNexpandeditsnetworkbyadding effectiveness evaluatedasefficientlypossible. can berapidlytranslatedintoclinicaltrialsandtheir protocols. BecauseofNACTN,promisingtherapies assessment protocols,datagathering,andacuteinjury created bytheReeveFoundation,tostandardizeinjury NACTN isanetworkofNorth American clinical centers, Act stingCa research iva t i ng ng a

Wider a

K ey ey The North American

Net Dr ug ug Tria l l Clinical Trails Network alloc and COMPLICATIONS FOLLOWING SPINALCORD INJURY the firsttrialinvestigatingitsuseinspinalcordinjury. slow theprogressofLouGehrig’s Disease. This willbe Consortium and NACTN scientists at theInternationalSpinal Cord andNACTN Consortium resear a tion of PROMOTION OFAXON GROWTH ch GROWTH INHIBITION GROWTH NEUROPROTECTION str infra

funds de AXON GUIDANCE REHABIILITATION NACTN/NRN NEW NEW TOOLS (NACTN) re uctu 2.2% v 5 oted to . 1% 6.5% 7.6% 9.6% 11% Meeting in SwitzerlandMeeting resear 21.2% ch 36.8% ▘ ▘ ▘ and Coping.In2007,morethan$1.7millionsupported192initiatives,including: creative, independent,andfun.Grantsareawardedtwiceayeardividedintothreecategories,referredtoasthe ABCs: Actively Achieving, BridgingBarriers,andCaring Since its1999inception,thisprogramhasawardednearly$12millionto1,454extraordinaryorganizations andprojectsthatmakelivingwithparalysismoreproductive, Bridging Actively Achie

Grants equipment foruse bypeoplewithdisabilities— with Disabilitiestoadaptpolling placesandvoting A projectofthe American Association ofPeople views wheelchair-accessible. the Appalachian Trail tomakebreathtakingwaterfall The Green Mountain Club, which is rerouting part of spinal cordpatients. activities asrehabilitationtoolsfornewlyinjured cycling, kayaking, rock climbing, and other outdoor in Wilmette, Illinois, which uses camping, hiking, The BeyondBoundariesOutdoor Adventure Program Barriers Quality of Life ving quality oflife ▘ ▘ ▘ ngCari

and injuredchildren. responsible for the non-stop home care of critically ill Program, designedtoprovide relief tofamilies The George Mark Children’s House Respite Care families whoarevictimsofdomestic abuse. the UnitedStatesfordisabledindividualsandtheir Freedom House,thefirstaccessiblesafehomein tech informationaldevices. with disabilitiesimmediate,no-costaccesstohigh- communication-device lending library, giving people Lifeworks Services of Minnesota’s expansion of its especially forpeoplelivingwithquadriplegia. and C oping To maketoday abetter day for thoseaffected by paralysis. Foundation ofLife Quality Program share onegoal: All oftheinitiatives &DanaReeve withintheChristopher

11 quality of life of quality quality of life Multicultural quality of life Outreach OutreachMilitary By year-end 2007, the PRC’s sixth year,

▘ Information Specialists helped 36,653 people from countries on every continent. ▘ 58,020 English-language copies and 10,808 Span- The PRC’s dedicated military outreach effort came ish-language copies of the free Paralysis Resource to life in 2007 in response to escalating calls from Guide were distributed. families of soldiers wounded in Iraq and Afghanistan. ▘ Versions of the PRC Web site were available in The PRC now complements its existing support English, Spanish, Korean, Vietnamese, and Chinese. services and Quality of Life Grants with special ▘ A unique library of more than 30 streaming videos PRC Ambassador Angela-Rockwood Nguyen and Dr. Suzy Kim materials and a toll-free number for veterans [866- offered support in such wide-ranging areas as ser- 962-8387]. In addition, in 2007 PRC representatives vice dogs and computing, advanced driving controls, ▘ Film and TV star Dustin Nguyen and his wife An- started visiting VA hospitals to educate medical staff tips for caregivers, and activity-based recovery, gela Rockwood-Nguyen, who has a C4-C5 spinal about everything the PRC has to offer. along with every imaginable adaptive sport…and cord injury, have been tireless PRC Ambassadors to much more. Also available online is a growing the Asian-American community. In 2007, they re- As a result of this effort, the PRC has received an archive of inspiring video profiles of people with ceived two distinguished honors: a Community Ac- outpouring of gratitude and support from veterans paralysis sharing their personal triumphs. tion Award from the Center for the Study of Asian and families, who are helping to spread the word American Health at New York University School about the Reeve Foundation. Among the most Paralysis Resource Center MULTICULTURAL Outreach of Medicine and the Lifetime Achievement Award dedicated is Joseph Briseno, whose son, Jay, returned quality of life from Iraq with exceptionally severe injuries. Retired quality of life Since its 2005 launch, this special program has been re- from Asian Rehabilitation Services of Los Angeles. from the military himself, Joseph has turned tragedy cruiting Ambassadors to spread the mission of the Reeve ▘ PRC representatives attended the second annual into inspiration. By helping the PRC reach more There is no place like the Paralysis Resource Center (PRC) anywhere in the world. This single source of Foundation, partnering with community organizations, Symposium for Navajoland Nurses United for military facilities and by serving as a personal comprehensive, compassionate support delivers help and resources in a range of languages over the and translating information about services into many Research, Service and Education to learn about the contact, he is making a difference in the lives of languages to reach diverse communities across the coun- Navajo Nation and discuss ways to deliver paraly- phone, online, through free materials, and through streaming videos. hundreds of wounded veterans and their loved ones. ▶▶ try. The following highlights exemplify the program’s sis-related support to Native Americans. outreach success in 2007: 13 ‘‘

No one can understand the quality of life Paralysis depth of your pain unless Community they have been there…

In 2007, the PRC took another giant step for those who can’t by launching a first-of-its-kind online Paralysis Community. This free social networking Web site ‘‘ immediately attracted users all over the globe, allowing “Hi. I share many of your limitations …” family members, friends, caregivers, and individuals affected by paralysis to join discussion groups, post profiles and photos, and create personal blogs. The “It seems like my family “I’m trying to find a used Paralysis Community is a safe place to find real-time dialogue and comfort from a very precious source – wants me to depend on power chair for my son …” people sharing the same experiences. them forever…” quality of life

14 team reeve advocacyAdvocacy Team

Advocacy is a cornerstone of the Reeve Foundation. We maintain a constant presence in Washington, D.C., Reeve

speaking out and educating legislators on behalf of the paralysis community. Running, walking, swimming, riding, rolling, and shattering expectations in 2007

Passionately and eloquently advocated by Christopher improve the quality of life for those living with paralysis. Team Reeve is the banner that unites everyone who Our Team Reeve athletes raised a total of over $600,000 he covered an average of 80 miles a day to complete the Reeve and tirelessly defended by allies on both sides of In the mid-nineties, he called on Congress to increase competes in athletic and fitness events to support the in 2007. We salute everyone who reached for their two-month journey from Washington State to Maine. the aisle, it is the first and only comprehensive legislation federal funding for medical research to help those Reeve Foundation. No group better exemplifies the personal best to advance our mission, including: Through this remarkable feat, Jerry raised $120,000. “If to advance paralysis research, rehabilitation, and quality with spinal cord injuries. In the late nineties, Senator explosive growth of this effort than our 2007 ING New my cross-country bike ride can inspire just one other of life. Harkin pushed to support embryonic stem cell research, York City Marathon runners. Malini Goel person out there to help,” said Jerry, “then I consider it the and his Committee held the first of fifteen subsequent most successful 4,000 miles I have ever traveled.” On the floor of the Senate, Reeve Paralysis Act author hearings on the issue. In 2002, the senator introduced the After her father sustained a C2-C3-level injury, Malini In 2005, 19 runners completed the 26.2-mile course and Senator Tom Harkin told the chamber, “It is a fiscally Christopher Reeve Paralysis Act to improve the lives of was driven to do something extraordinary to honor his raised $22,000 for the Reeve Foundation. In 2007, the Lehman Brothers responsible, bipartisan bill that addresses an urgent those with paralysis. fight to recover. She conquered her own fears and doubts Foundation became an official Charity Partner of the national need, and it deserves full Senate support.” and entered her first triathlon, the Accenture Chicago By adding a philanthropic component to its Global New York Road Runners Club and fielded a team of 50 Unfortunately the hold was not released, but we are Most significantly, as Chair and co-chair of the Senate Triathlon. Not only did she complete the race, but she Fitness Initiative, the investment banking firm Lehman runners, who raised an astounding $410,000. hopeful that some progress will be made in the coming Labor, Health and Human Services Appropriations raised over $46,000 for the Reeve Foundation. Best Brothers found a great way to boost camaraderie and Senator Harkin, Foundation President and year. We are especially grateful to Senator Harkin, Subcommittee, Senator Harkin helped to create a strong of all, her dad was there at the finish line to cheer her participation. This get-fit project, coordinated by the Team Reeve is now represented in a growing number CEO Peter Wilderotter who, as Chair of the Senate Labor, Health and Human federal partnership to expand the Paralysis Resource remarkable achievement. Lehman Brothers Finance Diversity Council, ran from of marathons around the country and the world, as well Services Appropriations Subcommittee and a senior Center, the NeuroRecovery Network, and the Quality May through August 2007. Employees around the world as a host of other team and individual events. We have In 2007, we vowed never to give up when President member of the Senate Health, Education, Labor and of Life Program in order to help tens of thousands of Jerry Coughlan formed teams, set goals, such as completing a minimum team reeve formalized this exciting program by providing team Bush vetoed, for a second time, the Stem Cell Research Pensions Committee, has been unrelenting in marshaling Americans who suffer from paralysis. of 100 miles running or walking, and tied their efforts members with information on athletic opportunities, Jerry chose a dramatic way to satisfy his passions for Enhancement Act—a measure that passed in the House support for the Paralysis Act and the Foundation’s to selected charities. Lehman matched all monies advocacy fundraising advice, personal webpages, and even a cycling and helping others when he set out on a solo, and Senate with solid bipartisan support. The year programs. Senator Tom Harkin is a true champion of the paralysis raised by employees. The Reeve Foundation was the coach, who is always ready with training tips and 4,000-mile bike ride in honor of brother-in-law Henry also brought an impressive partial victory when the community. We applaud his tireless efforts and deeply charity of choice at Lehman’s New York office, which encouragement. Stifel, who was rendered a quadriplegic in a car accident Christopher & Dana Reeve Paralysis Act was passed by Over the years, Senator Harkin has worked closely with appreciate his friendship. raised $40,000 by running, walking, playing softball, 25 years ago. Calling his trek “Henry Rolls, Jerry Rides,” the House but unfortunately was stalled in the Senate. the Reeve Foundation on a number of critical efforts to volleyball, and more.

16 17 The Reeve Foundation is deeply grateful to all of the organizations and individuals who so generously supported A Magical our mission in 2007. The following are just a few of the special special events events that brought our community together this year:

Evening November 12, 2007 With tears and laughter amid music and moving images, celebrities and friends of the Reeve Foundation made A Magical Evening another smash hit, raising $1.9 million.

Among the gala’s shining moments was the sight of Marcia Daversa walking across the stage at the New York Marriott Marquis into her son’s arms. At the age of 70, Marcia was paralyzed during a routine medical procedure. Doctors said there was no hope that she would walk again. Her family refused to give up and called the Christopher & Dana Reeve Foundation Paralysis Resource Center for help. Armed with new information about her rehabilitation options, Marcia moved to a rehab facility, and, just eight months later, her recovery caused a gala crowd to stand and cheer.

The magic continued with three special presentations. Actress Meryl Streep received the Dana Reeve HOPE Award; ABC News reporter Bob Woodruff and his wife Lee graciously accepted the Christopher Reeve Spirit of Courage Award; and Henry G. Stifel, a founding member and driving force of the Reeve Foundation, was honored with the Visionary Leadership Award.

Guests were treated to musical performances by the John Pizzarelli Trio and by stars of the Broadway hits Grease and Legally Blonde. The evening’s many special events other luminaries included Richard Belzer, Joan Collins, Mariska Hargitay, Anne Hathaway, Philip Seymour Hoffman, Mike Nichols, Mandy Patinkin, Diane Sawyer, Wilmer Valderrama, Elizabeth Vargas, Barbara Walters, and Robin Williams. 18 20 special events David Sacco, Loiacono Nicole Messinger andDonna Francine LeFrak, Friedberg Rick andLizbethCooney Matthew Reeve, Meryl Streep, Reeve,Matthew Meryl Alexandra and Will Diane Sawyer, Taylor Price, andKellyDonavan ous Previ Lee andBob Woodruff (Full pagephoto) Anne Hathaway and Meryl StreepAnne Hathaway andMeryl Spread Grease onBroadway Singers Paul andMarcia Daversa (Clockwise from (Clockwise Lto R): Reeve (Full pagephoto) Hank and Henry Stifel Hank andHenry THIS PAGE: Jane Seymour. Together, theyraised $600,000. Kind, RexLee, HaleyJoelOsment,MonicaPotter, and Angie Harmon, Cheryl Hines, Bonnie Hunt, Richard included Dave Annable, StephenCollins,BillyCrystal, guests atthesparklingHyattRegency CenturyPlazaHotel to make Christopher laugh after his accident. The 500 andra Reeve noted that Williams was also the first person Foundation, Christopher’s childrenMatthewand Alex- In honoring Williams as a steadfast friend to the Reeve Foundation Philanthropy Award toactorRobin Williams. was thepresentationofChristopher&DanaReeve The highlight of this third annual Los Angeles-based gala Making MagicHappen correspondent LesleyStahl. spinal cordinjuredmodelsandhostedbyCBSNews served asco-chairsofthisfashionshowgalafeaturing Hamilton, Wendy Crawford,andJulieDorsettalso research. Co-founders Ashley LaurenFisher, Marilyn raise fundsforwomen’s healthinitiativesandspinalcord energy, accomplishedwomen,allspinalcordinjured, to Discovery Through Designwasfoundedbyfourhigh- York City, raised$150,000fortheReeveFoundation. cesses ofwomen“rollmodels,”heldatCiprianiinNew Through Design,thiscelebrationofthestylesandsuc Sponsored bytheremarkableorganization Discovery Rolling withStyleGala J Feb une 6,2007 une r u ar y 6,2007 y - members Alexandra andMatthewReeve. Also inattendanceweremodelRachelHunterandboard members MarnieMcBryde,Jeff Pfeifle,and Terri Eagle. $100,000, wasco-chairedbyReeveFoundationboard Sag Harbor, New York. The event,whichraisedover time atB.Smith’s restaurantinthescenicvillageof ing summercocktailreceptionwasheldforthesecond Summer SolsticeinstyletheHamptons. This enchant For thethirdyear, theReeve Foundationcelebratedthe Rosato. ABC NewspersonalitiesBill Evans,JoeNolan,andKen al $5,000fortheReeveFoundation andfeaturedlocal owned bytheKnowlesfamily, whichraisedanaddition luncheon attheManorRestaurantin West Orange, dinner. The Knowles Foundationalsoheldaseparate Barbara Johnsonwerespecialguestsatthepost-event Peter Wilderotter andChristopherReeve’s mother raised fortheReeveFoundation.Foundationpresident Club in West Orange, NewJersey, atotal of$10,000was At thethirdannualtournamentatMontclairGolf Invitational Golf Tournament The KnowlesFoundationCelebrity Hamptons SummerSolsticeCelebration octobe J une 22,2007 une r 9,2007 - -

21 special events special “In the face of personal tragedy Christopher focused his prodigious mental powers on not Corporatecorporate partners just the grueling task of everyday life, but on… Partners working to improve the quality of life for people with spinal cord injuries.”

ICAP Charity Day CNN Heroes’ Hero Award December 12, 2007 December 6, 2007

When ICAP invited the Reeve Foundation to its 15th In 2007, CNN aired an international, inaugural telecast, In presenting the award, actress Glenn Close said, annual Charity Day, Foundation representatives and their entitled “CNN Heroes: An All-Star Tribute,” which “There are heroes, and then there’s Christopher Reeve.” celebrity guest, magician David Blaine, walked into a reached an estimated two billion people. Broadcast live “In the face of personal tragedy,” she continued, “Chris- truly unique, action-packed fundraising event. One day from New York’s American Museum of Natural History topher focused his prodigious mental powers on not just a year, ICAP, the world’s largest voice and electronic and hosted by correspondents Anderson Cooper and the grueling task of everyday life, but on… working to interdealer broker, hosts charity “delegates” on the Christiane Amanpour, this first annual event recognized improve the quality of life for people with spinal cord trading floors of its 28 worldwide sites and donates all individuals “who devoted their lives to helping others injuries.” of the revenues and commissions earned that day. It’s a and whose names have become synonymous with their corporate partners high-energy, party atmosphere with a mission to “make causes.” Selection of the evening’s first six honorees In a videotaped segment, Christopher said, “I guess I a significant difference” and achieve results that are capped a yearlong initiative that drew more than 7,000 perceive myself as a person who has been given a posi- phenomenal. This year, ICAP set a new record, raising a nominations from 93 countries. tion of responsibility that is important. I realize that I’m single-day total of $18.8 million, and generously gave a in a position to make a contribution.” And in a single significant donation to support the Reeve Foundation’s CNN bestowed one final honor when it named Christo- sentence, Dana captured the magnitude of that contribu- quality of life and research programs. pher Reeve the Heroes’ Hero. Alexandra and Matthew tion: “He breathes life into people who felt that life was Reeve and Reeve Foundation Chairman Peter D. Kiernan over.” accepted on Christopher’s behalf.

David Blaine at ICAP 23 Mike’s story started 20 years ago, when his son Greg sustained a spinal cord Michael A. Hughes injury. The aggrieved father soon reached out to the American Paralysis Michael A. Hughes society Association (APA), as the Reeve Foundation was formerly known. An executive at the Xerox Corporation at the time, Mike wanted to do something Society to move the paralysis research agenda forward. He volunteered his business acumen and his expertise to help set the APA on a strategically sound financial course. Once the APA was on a solid footing, he and his wife of 50 years, The Michael A. Hughes Society recognizes those Helen, continued their deep involvement. Over time, Mike and his family individuals who have made provisions for the Christopher kept close watch on the APA’s progress through the scientific strength of its Individual Research Grants Program and the innovative thrust of the & Dana Reeve Foundation through their estate plans. International Research Consortium.

Then in 1999, something incredible happened. Shortly after the Reeve A LASTING LEGACY Foundation’s fundraising gala, A Magical Evening, Mike, his son Jack—a fellow board member—and the entire Hughes family made a magnificent gift that enabled the Foundation to significantly expand its research program.No person, no family, no foundation, no corporation, not even the United States Government, has been more generous to the Reeve Foundation than the Hughes family. To honor Mike, who passed away in 2007, and in recognition of all that he did for the Reeve Foundation, our gift planning initiative is being named the Michael A. Hughes Society.

Mike was a true visionary, a selfless, self-effacing, kind, and caring man. He was a wonderful friend to the Foundation who invested his emotional, intellectual, and financial resources in the goals of our organization over many years. Mike inspired so many people, and we are confident that by naming this society for him, his inspiration will live on in others. Everything he did in life and every move he made remind us of what we are all fighting for. Although

michael hughes society Mike is no longer with us, the Hughes family will carry on his legacy through their continued involvement in and passion for the vital work of the Reeve Foundation. In turn, we will do everything to ensure that his legacy endures. 24 Hughes family donor profile 27 Kink was transitioning into retirement from the roofing Kink was transitioning into retirement Reeve. Christopher after months fifteen injured was Stan business when Stan’s injury occurred, but neither business when Stan’s Both are Clawson man was about to slow down. the wheelchair passionate about sports and fitness, from boating rugby games Stan documents to the adaptive older than that’s program Kink supports “with my boat together for the they’re spearheading Stan”, to the effort paralysis community in Utah. on Christopher’s As he vividly recalls, receiving updates felt “I rehabilitation. own his motivate helped progress Meeting shares. Stan him,” to connection strong very a their both in twinkle same the seeing and Kink and Stan ever as strong as is connection the that know you eyes, vision a reality. and that they will succeed in making their The Clawson family’s roots run deep in Salt Lake City, Lake City, roots run deep in Salt The Clawson family’s commitment In fact, Stan and Kink are increasing that yet being on the move also seems to be the Clawson yet being on the move also seems to be Clawson generation has already begun The younger way. talks When Kink spreading its wings around the world. he highlights their tenderly of his late wife, Shirley, as her devotion travels from California to China as well He is certain that increasing their commitment to family. is to the Christopher & Dana Reeve Foundation something Shirley “would have wanted.” supporters to in a big way by joining forces with other Their launch a Utah chapter of the Reeve Foundation. and rehabilitation help expand research To vision? with programs in their home state for those living paralysis. e v es onthe mo ari on i s vi h a Family ly: ut ly: i m fa Clawson The first thing you notice about Stan Clawson is his smile, which easily becomes a chuckle and then a laugh. Before chuckle a becomes easily which smile, his is laugh. a Before then and Clawson Stan about notice you thing first The n then i By the time you fully appreciate that this dazzling young By the time you fully appreciate that this talks Like any proud grandparent, Kink Clawson you know it, you are drawn in—to his story, to his circle of friends, to his purpose. his purpose. to of friends, his circle to his story, in—to drawn knowyou are it, you All man lives each day in a wheelchair, you realize that man lives each day in a wheelchair, part of his nature optimism and determination have been that left him since well before the climbing accident Then you T9-T10 complete spinal cord injury. with a Kink, and you recognize the grandfather, meet Stan’s – not to same steady spirit transcending the generations mention that mischievous grin. many Stan’s about Stan mostly in verbs. He describes programs, activities—filming adaptive recreation at the University of Utah, entertaining managing staff we go, children at family gatherings. “Everywhere adding that the people know Stan,” Kink says, without same likely holds true for him, too. donor profile donor stan & stan kink clawson The Leibowitz & Greenway Warner Bros. Entertainment, Inc. Dr. Anthony DiMarco Family Charitable Foundation Foundation The Christopher & Dana Reeve Foundation Warner Family Trust Michael Douglas and Catherine Life Rolls On Foundation Robert W. Wilson Charitable Trust Zeta-Jones gratefully acknowledges the contributions of Maverick Capital Charities Paul Junger Witt and Tony Thomas Dransfield & Ross, LTD. Mark McLaughlin/Princeton Brain Morty and Gloria Wolosoff Elvis Duran the following individuals, corporations and and Spine Care, LLC Friendsdonor list Foundation, Inc. eSpeed Mellam Family Foundation foundations in 2007. Honorable Stephen and Mrs. $50,000 – $99,999 Morgan Stanley Foundation Valerie Evans-Freke $100,000 + $5,000 – $9,999 Morra, Brezner, Steinberg & Michael and Kelly Fedak Tenenbaum Anonymous (7) Anonymous (6) Feldman Realty Group Anonymous (1) Michael P. Murray B.R. Foundation The Joshua S. and Beth C. Estate of Gypsy Jo Arnette Alseres Pharmaceuticals, Inc. $25,000 - $49,999 Bruce Ratner Estate of Patricia Ann Nardelli Beane Family Foundation Friedman Family Fund Pequot Capital Management, Inc. Susan Bloomberg Charles and Arlene Gibson CNN Shirley Clawson Trust David M. and Barbara Baldwin Royal Chie USA Foundation Scott Remington Family and Close Jeffrey A. Pfeifle Richard Blum and Dianne L.M. Grave Feinstein James Dinan and Elizabeth Miller Cyrus Capital Partners BBDO New York Friends Planet Hollywood Resort & Casino Gurley Family Fund The Boisi Family Foundation Mr. and Mrs. Paul Daversa Catalyst Rx Heidi Steiger Taylor Price and Friends Halperin Foundation Discovery Through Design J. Michael Cline William C. Hayes and Roberta Mr. and Mrs. Howard Borowick Gerald and Stephanie Coughlan Henry G. and Charlotte S. Stifel RHI Entertainment Tom Hanks and Rita Wilson Hayes Charitable Remainder The Daniel Heumann Foundation Chris Columbus and Monica Boston Medical Center Janet, Meredith and Mr. and Mrs. David Crosby Karrie Webb Unitrust Katie Samson Foundation Henry Foundation, Inc. Christopher Hanson for Spinal Cord Research, Inc. Devereux Department of Rehabilitation Deerfield The Welsh Family Foundation, Inc. Higgins Family Fund Richard and Marjorie Schneidman Reuben Herzfeld Fund of The Joseph and Sylvia Cortez and The Boucher Charitable Greater Cincinnati Foundation Jack and Gail Hughes Paul Tudor Jones Joel and Mara Faden Cynthina Lampe John Hofman The Seth Sprague Educational and Foundation Charitable Foundation Home Box Office Inc. The Lehman Brothers Foundation Estate of Sophie Felton $10,000 – $24,999 Craig Hospital Josephine Lawrence Hopkins Aaron Braun and Joan DeHovitz ICAP North America LLC Foundation Alice Shaver Foundation Randol and Stacy Justice Garvey Family Foundation Anonymous (7) Creative Artists Agency Check Point Software Estate of Mildred Roberts Gregory P. Hughes Mr. and Mrs. Mace Siegel Technologies, Inc. Kessler, Schneider and Co. Peter D. and Eaddo Kiernan Estate of Jennie Gramm Acorda Therapeutics Billy and Janice Crystal The IDT Charitable Foundation William E. Simon Foundation, Inc. City National Bank - New York David Landman F.M. Kirby Foundation, Inc. Henry G. Stifel, III Robert and Susan Guyett Andre Agassi and Stefanie Graf Michael and Joanne Daversa Charles I. & Mary Kaplan Family Paul Singer The Steven A. and Alexandra M. Harrison Lefrak Helen Hughes Bonnie J. Addario Lung Cancer Terri Eagle Cohen Foundation, Inc. foundation friends Newman’s Own Foundation Foundation Sonnenschein Nath & Rosenthal Mr. and Mrs. Richard Lefrak Laurie Kayden Foundation Foundation Eric Friedberg and Francine Lefrak LLP Terence and Niki Cole Honorable and Mrs. Thomas H. Dr. and Mrs. Richard Leinhardt philosophy, inc. Peter R. & Cynthia K. Kellogg Mr. Pramod Bhasin Jodi Friedman & Associates Kean Susan Stanley Colorblends/Schipper & Co. USA Foundation Ann Winton Lovell The Brink’s Company Wayne T. Gattinella Arnold and Katherine Snider The Knowles Foundation Howard Stern Columbia University John and Tammy MacWilliams Mrs. David Lynch Capital Cities/ABC Inc. John D. and Deane A. Gilliam Edward Kosinski and Jacqueline Mr. and Mrs. Mark Surfas Credit Suisse foundation friends Estate of Manuel Vranian Morgan Stanley Marsh U.S. Peter and Charlene Caswell Doctors Arun and Sarla Goel LeFrak-Kosinski United States Land Resources The Curtis & O’Hara Foundation John Osborn A.B.J. Neville Foundation, Inc. Central Jersey Spinal Cord Association Stephen and Diana Goldberg Kessler Institute for Rehabilitation Mr. and Mrs. James O. Welch, Jr. George Walker Steve and Vicki Davis Leila Pile Jon and Julie Neustadt City National Bank Lynne Cooper Harvey Foundation Latham & Watkins LLP The Windfall Foundation Robert DeWitt 28 29 Damien Dernoncourt The John D. and Catherine T. C. Kirk and Bonnie Steele Mr. and Mrs. John Apruzzese Mr. and Mrs. James A. Block CBeyond Communications MacArthur Foundation Foundation Chuck DiIorio Meryl Streep The Loreen Arbus Foundation Melanie Bloom Jennifer A. Chalsty Jonathan and Joyce Mason The Entire Team at Direct Answer, Inc. Victor and Barbara Strelzow Joan & Robert Arnow Tom and Rosanne Bloomer Susan S. Channing Trust Marnie McBryde Dogwood Fund of The Community David N. and Cynthia Tanacea Aronimink Golf Club Dr. Robert Bogossian Charity Brands Marketing Foundation of New Jersey John McConnell Roger and Kathy Thiede Judy A. Aydelott Bolch Real Estate Sameer and Shakuntala Chhabria Friendsdonor list The L & R Donner Foundation Edward B. Meyercord Towering Pines Foundation Bridget Bailey Mr. and Mrs. Michael Bondi Gilbert P. Church Linda Fan and Will Schaefer Donald and Gloria Misner Tricor Braun Carol Bailey Martin & Cornelia Sharpe Bregman John Ciniglio Mr. and Mrs. Jonathan D. Farkas Thomas P. Mohen New York Marriott Marquis $2,500 – $4,999 Vero Entertainment Maria and Robert Balaban Kim R. Brizzolara Circle of Hope and Dreams Inc. Andrew Fox and Caroline Hirsch Monterey Fund, Inc. Pasadena Community Foundation Anonymous (10) Jeana Webster Alec Baldwin Sol and Arlene Bronstein Maria Cirino Georgina Friedberg-Glazer and James L. Nederlander Foundation Pfizer, Inc. Allied Solutions LLC Mrs. Daphne Whitman William J. Baldwin Dorothy Clark Martin M. Glazer A.B. & J. Noyes Foundation Alan T. Brown Foundation to Cure Judy Point Charitable Trust Arts Alliance America Arthur Ashley Williams Foundation Trevor Balena Clark’s Botanicals Fuller Family Charitable Trust George and Carol O’Connell Paralysis Barbara and Brian Richardson B & D, Inc. Mike Wilson and Michelle Garland Ann S. Baker Charles Clarke Gasiewicz Family Fund Ounsworth-Fitzgerald Bruce Brown Ray and Anna Romano Modestus Bauer Foundation Christopher Wood Roger J. Bakken Jay and Phyllis Clement G. Donna Gedge Carol M. Penn, H & S Menowitz Mr. and Mrs. William C. Buck Sam and Lynn Schwab William J. Belleville, Jr. William Wright Stephen M. Barnard Richard Cohen and Meredith General Catalyst Partners Foundation Mr. & Mrs. E. Freeman Bunn Vieira Mr. and Mrs. William P. Scully John and Francesca Bellizzi Zitomer Pharmacy Mr. and Mrs. Larry Barton Carl Goldstein David and Emily Pottruck Howard S. Bunn Foundation Yanou Collart Jeffrey and Sheara Seigal Mr. and Mrs. A.J. Birch Mr. and Mrs. Robert F. Barton Robert M. and Cassandra Greene Mr. and Mrs. Scott Qualls James C. Burke Bryan and Sarah Colley Peter and Lauren Shepard Robert J. Brinker $1,000 – $2,499 Fred Basalto George and Wendy Hanson Jeffrey M. Raimundo Mr. and Mrs. Hugh M. Burnham Community Foundation for the Cynthia L. and William E. Simon, John and Sara Broderick Alben F. & Clara G. Bates Foundation Jr. Foundation Antoine Hatoun and Andrea Levitt Resource Management Anonymous (25) The Mark E. Bussey Charitable Capital Region Hershey Family Lewis Brounell Charitable Trust Jonathan Baum Gift Fund Fund Elizabeth Steele Goldie Hawn Mr. and Mrs. John M. Roth Steve and Connie Adams Trudy M. Burke, DDS Michael Baumeister Steve Butler Stacy Cooper Julian and Norma Svedosh Zimmerman Heimbach Foundation Christine Ryan Stephen Adler Butler Family Foundation Bayville Elks Lodge 2394 C & J Charitable Foundation Fund of Mary Coughlan Diana L. Taylor Jolan Foundation Dudley and Parish Ryan Administrators for the Professions, Inc. Marjorie Goodson Cagle Gary Belsky The Austin Community Foundation Stephen Cragan The Walt Disney Company Jossef Kahlon Sanky Perlowin Associates, Inc. Admiral Farragut Academy Callahan Mining Corp. Benefit Cosmetics Mr. and Mrs. John Calicchio Crevier BMW The William G. Walters Foundation Greg and Vera Kiernan Mr. and Mrs. Paul Sauchelli AFCO Industries, Inc. Mathieu Chabert S. C. Benjamin Foundation Ruth Camp Campbell Foundation Gregory C. Crown The Thomas J. Watson Foundation Kinney Memorial Foundation Ted Schlein Karen Albright Craig Clements Debra Benson Michael Cancellare Lester and Toby Crystal Edward D. and Muriel M. Klein Doris Schmidt Alan and Arlene Alda Bill and Anglea Weir Robert and Cristina Cappy CMI Events Foundation, Inc. Berlin Family Foundation Carol Dalton Thomas Weisel Partners Shepherd Center The Alfano Family Charitable Joseph Codomo Foundation The Arnold & Jeanne Bernstein Sally Carlson Mr. and Mrs. Hans K. Danielsson Edward Knowles Heather Smyser Terald J. Wilson and Nancy Anisfield Fund Zack Carmi Doctors Barry and Bobbi Coller Doug and Patti Leone Susan Allison Blythe Danner XIII Heroes Souza and Valentine Physical foundation friends Glenn and Tanya Beyer Susan Altamore Carusi Stephen Collins and Faye Grant Jack R. Linsky Foundation Therapy, Inc. Amica Companies Foundation Davidson Brothers Brewing, LLC Ronald and Jane Zimmerman Biotechnology Industry Organization Mrs. Andrew Castiglione John and Lizbeth Cooney Mara L. Litman Sporty’s Iron Duke Saloon Lawrence and Gloria Appel Edward Degraan Mr. and Mrs. Ray Bixler P.J. D’Amelio Steven Sponaugle Stephen Apple Frank and Anastasia Catrickes Thomas Degraan

30 Team reeve, Dawn hering Kasarjian Trust Lemelson Family Foundation Mr. and Mrs. Douglas W. Barbara F. and Richard W. Moore Northern Heritage Builders, Inc. McCormick Fund Foundation George and Mariana Kaufman Chris Lessard Colette Norton Robert McCray Caroline Moran Brian and Susan Kavoogian Jonathan Levine Neil and Jane Olufsen Ron and Linda McGimpsey Gary Morgenthaler Dr. Sivia Kaye Paul and Jeanette Levitz William & Joyce O’Neil Foundation Harold M. and Adeline S. Charitable Trust Dr. and Mrs. Joseph R. Kelliher Mr. and Mrs. Laurence R. Levy Friendsdonor list John McKeown Morrison Family Foundation Jack B. O’Neill Mr. and Mrs. James C. Kellogg Amerigo and Dorotea Liguori Patrick McLaughlin Ari H. Moses James O’Shaughnessy The Joseph J. Kelly, Jr. Family Frances Lyons Litvin Edward R. McMahon Moss Foundation The Otto Company Fund Nancy Corzine and Mark Locks Jennifer McNiece MWW Group Mr. Stephen C. Kemp and Mrs. Pacific Western Bank Mr. and Mrs. Michael Deland Richard Emmich Professor Carmen Carrier Fusco Gordon and Llura Gund Shannon Hollen Miriam Lodge, K.S.B. Cinta Del Monaco-Kemp Jerry Stiller and Anne Meara Daniel E. and Muriel H. Nathan Jean Park John Delaney Jack Epstein and Kathy Lewis John Gallaher Werner and Nurit Haase Claire and Al Hopkins Glen Loiacono Fund Kenwood Foundation Dr. and Mrs. Joseph Meler Mr. and Mrs. Franklin Parker Kerry J. Delrose Charles H. and Sylvia Erhart Bob Gallishaw Chelsea Handler Craig and Andrea Horowitz Perry Lorenz Newberger Berman Nyla Khan The Elena Melius Foundation Justin Parks Alma Demetropolis Patricia P. Evans David and Danielle Ganek Sabrina Hans Doug House, M.Ed., Personal Carol S. Lovelace Mr. and Mrs. Robert J. Newhouse, Jr. John Kiernan Mercedes Berk Michael and Laurie Paternoster Push Exercise Training John Ludwig Nancy Noonan Lore G. Depenthal Peter Farrelly Alice and Nathan Gantcher Mark Hantho Svetlana Kim Veronica Metzler Sherrill W. and Mary Ann Hudson David Y.F. and Ruth C. Lung John Derosa Linn and Robert Feidelson Kevin Garber David and Linda Hargreaves A.E. Kohn The Miami Project to Cure Steven Hudson Jeffrey and Christina Lurie Paralysis Diane Carney Devon Paul A. Feidelson Jeffrey L. Gates Jane Harrison Andrei Krassioukov, MD, PHD, Elsie Huey Nancy Dienes Mr. and Mrs. Daniel R. Fellman Liliana Sophie George, PhD Renee Haugerud FRCPC Elinore Carrington Lyon Mid-State Equipment Mr. and Mrs. Robert C. Hughes Dr. Debra Dill-Bergmann The Fernandes Family Foundation Mr. and Mrs. Jerome Gillman Paul C. Haughey Mr. and Mrs. Howard Kroplick Bari Lynn Harvey Shipley Miller Trust Willem Humes Frances R. Dittmer The Glickenhaus Foundation Mr. and Mrs. Gates Helms Hawn Gina Kuhns Michael F. MacLeod Lewis P. Miller Jeffrey S. Ferraro Lisa Hurst Charlotte Dobbs & Company Andrea Glover Doug Henderson and Kerri Nanette L. Laitman Jack and Leslie Manes Linda Miller Stuart and Tina Fiertz Ratcliffe Indelicarto & Associates, PLLC Bejamin F. Doller Laurence and Sandra Gluck Tai T. Lam and Wai Yee Leungo John P. Manfredi Sylvia Miller The Findlay Family Foundation Hal and Sandy Henderson Indian Medical Association of NW James Drake Malini Goel Margo Langenberg Robert Marc Cheryl Mills Indiana Lori and Hannah Fingerhut Scott Henderson Mr. and Mrs. James M. Dubin Goodwill of Orange County Laser, Pokarny, Schwartz, Marshall Marcovitz Elizabeth Miner IPA Charities Glenn C. Finn Scott Henwood Friedman, and Economos, P.C. Linda and Michael Duffy Peter Gordon and Lucia Hwong J.S. and J.C. Markiewicz Larry and Kathy Mitchell Family Sandesh Jagdev Jay I. Firman Foundation, Inc. Gordon Hertz Corporation The Lastfogel Foundation of the Marlborough Gallery, Inc. Fund

David and Barbara Dunfee foundation friends Roopam Jain William Morris Agency Jill Fleischer Mr. and Mrs. Robert Goss Madeline Heumann Leo Model Foundation Mr. and Mrs. William North Dye Marshall Family Arthur L. Jenkins III, MD The Lauder Foundation Laurel A. Flint Richard and Lorraine Grasso Ron and Sue Higgins Joseph and Susan Monico Jerry and Laura Eader Art Matin Jewish Communal Fund Kevin Lavrack Tom Fontana Mr. and Mrs. James Gray His Serene Highness Prince Albert Gladys Monroy and Larry Marks Heidi Echtermann and Pablo Douglass Maynard and Kathryn II of Monaco Barbara L. Johnson Alice Leblanc Philanthropic Fund Toribio Frank Fragomeni The Greater Lansing Foundation, Hoenig LeBlang Charitable Foundation Charles and Amy Montgomery

foundation friends Armin S. Roe Fund David R. Hodges Mark Johnson Joseph Eisher Robert Fraiman Mrs. Louise Mayo Greystone Foundation Patti Hoffman Mr. and Mrs. Jeffrey Jones George Zoltan Lefton Family Marc and Nora Mazur Chris Mooney EK Trust Joann Frattone Foundation Luiz and Sandra Gross Philip Hoffman jpl Peter McAvinn Nancy Moonves Elmwood Country Club Friedel Family Foundation Dorothy Lemelson Robert Grossman Hogan Holdings LTD Abraham Kaplan Foundation Hope Ely Michael Fuchs Charitable Foundation 32 33 t

Mr. and Mrs. Ed C. Sanborn Diane Steinberg-Lewis Thomas A. and Jill Walton Foundation The Daniel I. Sargent Charitable Mark Stephens Warburg Pincus Financial Statements Trust Donna Stevens Brian Waters Years ended December 31, 2007 and 2006 with Report of Independent Auditors Peter G. Savas Susan Stoddart Mr. William Webber and Dr. Patricia Gill-Webber James and Karen Schick Barbra Streisand Friendsdonor list Gretel M. Schneider Mark and Cathy Weiss Pam and Allen B. Swerdlick Corinne D. Welsh Lorraine Schneidman Symmetry Partners LLC Barbara Wertin Thomas and Carlyn Paterson Allan and Leah Rabinowitz Mrs. Alice Schonberg Mike Tadross and Dr. Georgia Derrick A. Pearce Mark and Lynn Rampacek Jeffrey and Elisa Schwartz Witkin George Wheatley, III Roger Pearce The Rapport Family Trust DTD Mr. and Mrs. Warren L. Schwerin Dr. and Mrs. William A. Tansey III The Cliff and Deborah White The Board of Directors Family Fund of the Montgomery SCI Real Estate Investments, LLC Teammates Fitness, Inc. Christopher Reeve Foundation Dr. and Mrs. Kenneth I. Pearlman Rattner Family Foundation, Inc. County Community Foundation Screenlife, LLC TECO Energy Foundation, Inc. Pershing LLC Ravi P. Rawat Bradley Whitford We have audited the accompanying statements of financial position of Christopher Reeve Foundation as of December 31, 2007 and 2006, and the related Andrea Seuren Carlota Thalheimer Amjad Pervez Red Wagon Entertainment Deborah A. White statements of activities, cash flows and functional expenses for the years then ended.These financial statements are the responsibility of the Foundation’s Mr. and Mrs. Eugene Shanks, Jr. Gregory S. and Mary L. Thompson Pets Over Paralysis, Paumanok RedCapeMusic.Org Brian and Jane Williams management. Our responsibility is to express an opinion on these financial statements based on our audits. Veterinary Hospital, PC Jenny Shtipelman Laura Thorn Reina Co., LTD Richard and Kathie Williams James D. and Katherine Pickett Doug Shubert Michael Tierney Denise Rich Susan Winokur We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the Pickled Punk Pictures Sean P. Silva Laurie M. Tisch Illumination Fund Mr. and Mrs. Richard O. Rieger Robert & Caroline Schwartz audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.We were not engaged to perform an audit of the Seth Pilevsky Mr. and Mrs. John Rittner Amy A. Simmons Damon R. Tressler Foundation Foundation’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing Diane M. Plant Ritz Carlton Jason and Susan Slattery Tricolor Sales Peter Wilson and Scott Sanders audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation’s internal Stephen & Lisa Plavin Bob Roberts and Lauren Day Kathy Sloane John Triolo Mr. and Mrs. Larry Wohl control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts Faith Popcorn The Rochell Foundation Kim D. Smith Annabelle Tucker Mr. and Mrs. Henry F. Wood and disclosures in the financial statements, assessing the Alan R. Porter Jack and Jane Rollins Sasha Smith Timothy Turner Karen Woolsey-O’Brien accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.We believe that our Casey Potharst Jeffrey and Darlene Rose John and Patricia Sneed University of Connecticut Medical Mr. and Mrs. Jonathan Wright audits provide a reasonable basis for our opinion. & Dental Student Government Monica Potter Mr. and Mrs. Lawrence Rosenbluth Richard Soloway A. Bradford and Susan H. Wyman Mr. and Mrs. James Utt Donald S. Powers David Ross Melissa Speegle Thomas J. Wynn, III In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Christopher Reeve Foundation at Sarunas Valiukenas Timothy Powers Howard and Joan Rothman David Spiegel Robert W. Yant, Jr. and Ann December 31, 2007 and 2006, and the changes in its net assets and its cash flows for the years then ended in conformity with J.J. Van Lodan Trust Kenowsky Denis and Barbara Prager Elizabeth H. Rouse Bernard & Anne Spitzer accounting principles generally accepted in the United States. Village Roadshow Pictures Kathleen W. Pratt Carol Stamenson Joleen Zanuzoski Thomas and Marcy Russo Entertainment Inc. David A. Pride James and Jennifer Zech foundation friends John and Andrea Stark Sacher & Hart LLC Mr. and Mrs. Allan Voigt Paul Proppe Mr. and Mrs. Kenneth C. Starkey Bo Zethraeus Gretchen Saenger Baroness Von Lagendorf Ralph and Anne Pucci Mr. and Mrs. Todd Stefan Michael Zicari Salzberg Foundation, Inc. Robert and Katherine Wallace James and Amy Quinn John and Debbie Ziegelman May 22, 2008 34 Statements of Financial Position Statements of Activities

Year ended december 31 Year ended december 31 Assets 2007 2006 2007 2006 Cash and cash equivalents $ 1,186,142 $ 2,077,565 Revenues, gains and other support: Investments (Note 2) 5,427,623 6,276,468 Contributions (Notes 3 and 7) $ 9,516,503 $ 11,056,266 Contributions receivable, net of allowance (Note 3) 4,262,402 3,590,517 Grant revenue (Note 4) 6,924,221 5,237,890 Grant receivable (Note 4) 1,818,619 1,650,584 Investment income (Note 2) 481,263 747,086 Prepaid expenses 125,743 396,760 Total revenues, gains and other support 16,921,987 17,041,242 Security deposits and other 13,663 30,826 Fixed assets, net (Note 5) 148,055 213,679 Expenses: Total assets $ 12,982,247 $ 14,236,399 Program services: Research program (Note 6) 7,694,249 8,041,233 Public education 865,690 1,013,696 Quality of life (Note 6) 5,086,138 4,748,637 Liabilities and net assets 2007 2006 13,646,077 13,803,566 Liabilities: Supporting services: Accounts payable $ 364,128 $ 168,104 Management and general 1,617,184 1,618,927 Accrued liabilities 342,689 224,524 Fund raising (Notes 7 and 8) 2,130,603 2,145,953 Research contracts payable (Note 6) 3,078,175 4,260,956 3,747,787 3,764,880 Quality of life and other grants payable (Note 6) 558,341 472,024 Total expenses 17,393,864 17,568,446

Total liabilities 4,343,333 5,125,608 financial statements Decrease in net assets (471,877) (527,204) Net assets--unrestricted 8,638,914 9,110,791 Net assets--unrestricted at beginning of year 9,110,791 9,637,995 Total liabilities and net assets $ 12,982,247 $ 14,236,399 Net assets--unrestricted at end of year $ 8,638,914 $ 9,110,791

See accompanying notes. See accompanying notes. financial statements

36 37 Statements of Cash Flow Statement of Functional Expenses Years ended December 31, 2007 with comparative totals for 2006 Year ended december 31 PROGRAM SERVICES SUPPORTING SERVICES Research Public Quality of Management Fund Total Expenses cash flows used in operating activities 2007 2006 Program Education Life Total and General Raising Total 2007 2006 Salaries and wages $ 238,400 $ 164,728 $ 1,159,641 $ 1,562,769 $ 677,551 $ 400,447 $ 1,077,998 $ 2,640,767 $ 2,429,899 Change in unrestricted net assets $ (471,877) $ (527,204) Outsourced personnel – – 27,576 27,576 2,428 – 2,428 30,004 9,210 Adjustments to reconcile change in unrestricted net assets Other employee benefits 30,240 20,900 297,785 348,925 81,530 50,798 132,328 481,253 410,787 to net cash used in operating activities: Payroll taxes 12,469 8,618 108,428 129,515 33,618 20,945 54,563 184,078 185,110 Total salaries and related expenses 281,109 194,246 1,593,430 2,068,785 795,127 472,190 1,267,317 3,336,102 3,035,006 Provision for uncollectible pledges – 500,000 Research contracts and allocations 7,180,194 – – 7,180,194 – – – 7,180,194 7,540,279 Depreciation 98,993 107,290 Quality of life, health promotion and other awards – – 1,922,688 1,922,688 – – – 1,922,688 1,712,417 Distance learning program – – 3,153 3,153 – – – 3,153 172,113 Unrealized appreciation of investments (238,081) (496,924) Professional fees 9,667 152,570 330,400 492,637 186,135 55,451 241,586 734,223 744,680 Increase in contributions receivable, net (671,885) (1,646,774) Internet communications 2,889 11,557 102,856 117,302 – 11,558 11,558 128,860 127,634 Increase in grant receivable (168,035) (830,385) Government relations 6,320 88,480 47,400 142,200 11,060 4,740 15,800 158,000 265,500 Research contract reviewer fees 42,300 – – 42,300 – – – 42,300 26,100 Decrease (increase) in prepaid expenses and security Supplies 2,779 1,921 46,169 50,869 7,494 4,670 12,164 63,033 52,680 deposits 288,180 (165,609) Telephone 4,010 2,772 36,350 43,132 10,813 6,739 17,552 60,684 64,523 Postage and shipping 3,993 3,993 64,441 72,427 1,597 4,793 6,390 78,817 88,758 Increase (decrease) in accounts payable and accrued Office rent 25,001 17,226 235,639 277,866 67,686 42,534 110,220 388,086 395,653 liabilities 314,189 (359,257) Equipment rental and maintenance 3,720 2,563 38,867 45,150 10,071 6,328 16,399 61,549 51,097 Decrease in research contracts payable (1,182,781) (209,569) Conferences, conventions and meetings – – 56,951 56,951 600 – 600 57,551 84,928 Printing 15,529 15,529 151,830 182,888 15,529 15,529 31,058 213,946 182,610 Increase in quality of life grants payable 86,317 472,024 Dues, subscriptions and registration fees – 8,492 7,074 15,566 12,738 – 12,738 28,304 24,618 Net cash used in operating activities (1,944,980) (3,156,408) Insurance – – 25,725 25,725 22,000 – 22,000 47,725 47,817 Library – – 47,406 47,406 – – – 47,406 41,482 Travel and lodging 6,843 16,496 259,393 282,732 13,182 21,106 34,288 317,020 243,878 Direct mail 60,767 243,069 – 303,836 – 708,950 708,950 1,012,786 1,048,063 cash flows provided by investing activities Moving – – – – – – – – 1,391 Special events 29,495 88,489 – 117,984 407,973 471,938 879,911 997,895 777,173

Purchases of investments (2,043,074) (2,243,415) Staff training – – 885 885 875 – 875 1,760 4,681 financial statements Proceeds from sale of investments 3,130,000 4,158,020 Advertising – 4,720 13,958 18,678 – 14,158 14,158 32,836 41,376 Miscellaneous 10,793 7,459 57,521 75,773 29,100 18,131 47,231 123,004 74,467 Purchase of fixed assets (33,369) (38,582) Superman tags – – – – – 256,949 256,949 256,949 112,232 Net cash provided by investing activities 1,053,557 1,876,023 Provision for uncollectible pledges – – – – – – – – 500,000 Net decrease in cash and cash equivalents (891,423) (1,280,385) Depreciation 8,840 6,108 44,002 58,950 25,204 14,839 40,043 98,993 107,290 Total expenses $ 7,694,249 $ 865,690 $ 5,086,138 $ 13,646,077 $ 1,617,184 $ 2,130,603 $ 3,747,787 $ 17,393,864 $ 17,568,446

financial statements Cash and cash equivalents at beginning of year 2,077,565 3,357,950 Cash and cash equivalents at end of year $ 1,186,142 $ 2,077,565 Percentage of total expenses 44% 5% 29% 78% 9% 13% 22% 100% 100% Percentage of total expenses, excluding direct mail expenses 46% 4% 31% 81% 10% 9% 19% 100% 100% See accompanying notes. See accompanying notes. 38 39 Statements of Functional Expenses Notes to Financial Statements Years ended December 31, 2006 December 31, 2007 and 2006 PROGRAM SERVICES SUPPORTING SERVICES Research Public Quality of Management Fund Total Expenses 1. Organization, Business and Summary of Significant awarded an additional $5,479,000 in CDC federal grant for the Resource Center to Program Education Life Total and General Raising Total 2006 continue its operations. Since the inception of the program in 2001, CRF has been Salaries and wages $ 236,487 $ 221,066 $ 1,121,424 $ 1,578,977 $ 374,604 $ 476,318 $ 850,922 $ 2,429,899 Accounting Policies awarded federal grants from the CDC amounting to $26,706,000 to operate the Outsourced personnel – – 9,210 9,210 – – – 9,210 Resource Center. Other employee benefits 25,211 25,530 271,387 320,128 39,901 50,758 90,659 410,787 Organization and Business Payroll taxes 13,092 12,228 112,721 138,041 20,720 26,349 47,069 185,110 Total salaries and related expenses 274,790 256,824 1,514,732 2,046,356 435,225 553,425 988,650 3,035,006 In August 2005, the Christopher Reeve Paralysis Foundation (“CRPF”) changed its In May 2007, the Foundation was awarded a two year grant from the Department Research contracts and allocations 7,540,279 – – 7,540,279 – – – 7,540,279 of Defense (“DOD”) in the amount of $2,500,000 to support the North American Quality of life, health promotion and other awards – – 1,712,417 1,712,417 – – – 1,712,417 name to Christopher Reeve Foundation (“CRF” or the “Foundation”). Subsequently, Distance learning program – – 172,113 172,113 – – – 172,113 on February 26, 2007, the Foundation registered with the State of New Jersey the Clinical Trials Network. For calendar year 2007, the Foundation reported revenue of Professional fees 4,493 50,190 324,355 379,038 285,162 80,480 365,642 744,680 name Christopher and Dana Reeve Foundation to be used as an alternate name for the $1,389,000 under this grant which continues until May 2009. Internet communications 6,195 24,779 71,882 102,856 – 24,778 24,778 127,634 Foundation’s business activities. The Foundation, a non-profit corporation, was formed Government relations 15,160 212,400 – 227,560 26,550 11,390 37,940 265,500 Basis of Presentation Research contract reviewer fees 26,100 – – 26,100 – – – 26,100 on April 21, 1999 from the merger of the American Paralysis Association (“APA”) and Supplies 2,298 2,144 39,966 44,408 3,676 4,596 8,272 52,680 a previous entity named the Christopher Reeve Foundation. The Foundation’s financial statements have been prepared on the accrual basis of Telephone 3,902 3,642 42,930 50,474 6,244 7,805 14,049 64,523 Postage and shipping 6,002 6,002 68,676 80,682 2,183 5,893 8,076 88,758 accounting and in accordance with Statements of Financial Accounting Standards No. Office rent 28,544 26,958 237,074 292,576 45,988 57,089 103,077 395,653 The Foundation is dedicated to curing spinal cord injury by funding innovative 116, Accounting for Contributions Received and Contributions Made and No. 117, Equipment rental and maintenance 3,441 3,250 31,979 38,670 5,544 6,883 12,427 51,097 research, and improving the quality of life for people living with paralysis though Financial Statements of Not-for-Profit Organizations. These statements require that Conferences, conventions and meetings 5,665 2,833 62,833 71,331 10,764 2,833 13,597 84,928 grants, information and advocacy. Towards this goal, CRF directs its public education Printing 5,752 11,897 116,877 134,526 13,651 34,433 48,084 182,610 resources be classified for accounting and reporting purposes into separate classes of Dues, subscriptions and registration fees – 8,457 3,475 11,932 12,686 – 12,686 24,618 program to increase public awareness of paralysis and CRF’s involvement in finding net assets (unrestricted, temporarily restricted, and permanently restricted) based on Insurance – – 25,000 25,000 22,817 – 22,817 47,817 a cure along with efforts to educate the public about issues and solutions to improve the existence or absence of donor-imposed restrictions. Library – – 41,482 41,482 – – – 41,482 the quality of life of those disabled as a result of spinal cord injuries and other forms Travel and lodging 8,009 15,216 177,407 200,632 16,818 26,428 43,246 243,878 Direct mail 62,883 251,535 – 314,418 – 733,645 733,645 1,048,063 of paralysis. Research contracts are granted after approval of the research program by Cash and Cash Equivalents Moving – – 553 553 838 – 838 1,391 CRF’s Science Advisory Council and Board of Directors. The Board also approves The Foundation considers highly-liquid investments with maturities of three months or Special events 28,862 115,446 – 144,308 199,941 432,924 632,865 777,173 quality of life grants. Staff training – – 3,937 3,937 744 – 744 4,681 less when purchased to be “cash equivalents. financial statements Advertising – 4,421 23,691 28,112 – 13,264 13,264 41,376 Miscellaneous 8,451 7,982 27,517 43,950 13,616 16,901 30,517 74,467 Effective September 30, 2001, CRF was awarded a $2,000,000 federal grant from the Investments Superman tags – – – – – 112,232 112,232 112,232 Centers for Disease Control (“CDC”) to establish the Christopher and Dana Reeve Provision for uncollectible pledges – – – – 500,000 – 500,000 500,000 Paralysis Resource Center. The Resource Center, which is part of CRF’s Quality Investments are reported at fair values, generally based upon current market Depreciation 10,407 9,720 49,729 69,856 16,480 20,954 37,434 107,290 quotations. All investment income is unrestricted as to use. Total expenses $ 8,041,233 $ 1,013,696 $ 4,748,637 $ 13,803,566 $ 1,618,927 $ 2,145,953 $ 3,764,880 $ 17,568,446 of Life Program, is a stand-alone facility which began operations in May 2002. It financial statements provides educational materials, referral services and self-help guidance to people Percentage of total expenses 46% 6% 27% 79% 9% 12% 21% 100% with paralysis, their families and caregivers. It also awards quality of life grants to Contributions Percentage of total expenses, excluding direct mail expenses 48% 4% 29% 81% 10% 9% 19% 100% organizations working in the paralysis community. Effective June 1, 2007, CRF was Contributions received, including unconditional promises to give, are recognized as See accompanying notes. 40 41 Notes to Financial Statements Notes to Financial Statements December 31, 2007 and 2006 December 31, 2007 and 2006

revenue in the period received at their fair values. Contributions for which donors have not Allocation of Expenses into Functional Categories Foundation is in the process of evaluating the impact, if any, that the adoption of SFAS The Foundation’s investment in the off shore limited partnership above includes stipulated restrictions, as well as contributions for which donors have stipulated restrictions, CRF allocates salaries and indirect expenses into functional categories related to program 157 will have on the Foundation’s financial statements. 169.065 shares of Welch Life Sciences Fund, Ltd. with a net average value of but which are met within the same reporting period, are reported as unrestricted support. and supporting services based upon time spent in the various functions by the president $2,178.58 and $1,931.53 per share as of December 31, 2007 and 2006, respectively, The Fair Value Option for and other Foundation personnel, and other appropriate bases of allocation. In February 2007, the FASB issued SFAS No. 159, along with 479.525 shares and 379.525 shares of Welch Entrepreneurial Fund, Ltd. In the normal course of business, the Foundation receives donated services from volunteers, Financial Assets and Financial Liabilities-including an amendment of FASB Statement with a net average value of $1,329.22 and $1,158.08 per share at December 31, 2007 No. 115 including officers and directors, and affiliated organizations to support fund raising and Joint costs incurred in connection with mailing of informational materials and performing . SFAS 159 permits entities to elect to measure eligible financial instruments and 2006, respectively. The fair value amount is based on the net book value of stock administrative activities. In accordance with Statement of Financial Accounting Standards other activities that include fund raising are allocated to program and supporting services at fair value. An entity shall report unrealized gains and losses on items for which shares as presented in the audited financial statements as of December 31, 2007 and No. 116, the value of these contributed services is not reflected in the accompanying on the basis of the content of the material. the fair value option has been elected in income at each subsequent reporting date, 2006. financial statements. and recognize upfront costs and fees related to those items in income as incurred and Income Taxes not deferred. SFAS 159 is effective for financial statements issued for fiscal years Donated Assets beginning after November 15, 2007. The Foundation is in the process of evaluating 3. Contributions Reveivable The Internal Revenue Service has determined that the Foundation is tax-exempt under what elections it plans to make and the impact, if any, of the provisions of SFAS 159. Donated assets are recorded at the fair market value at the date of donation, and as Section 501(c)(3) of the Internal Revenue Code. unrestricted support unless explicit donor stipulations specify how the donated assets must As of December 31, 2007, contributions receivable includes $2,200,000 of pledges, be used. Use of Estimates payable over the next four years, from members of the Foundation’ Board of Directors 2. Investments and are due as follows: Grant Revenue The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates December 31 Grant revenue is recognized as grant expenses are incurred. Such expenses are initially Investments consist of the following: 2007 2006 and assumptions that affect the amounts reported in the financial statements and December 31 funded by CRF and subsequently billed to and reimbursed under a federal grant. accompanying notes. Actual results could differ from those estimates. 2007 2006 Less than one year $ 2,654,611 $ 2,206,196 Certificates of deposit and United States More than one year 1,740,000 2,260,000 Research Contracts, Quality of Life Grants and Health Promotion Recent Accounting Pronouncements Government obligations $ 98,968 $ 1,397,420 4,394,611 4,466,196 Awards Corporate bonds 800,248 597,420 Less: unamortized discount and allowance

In September 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS financial statements for uncollectible amounts 132,209 875,679 Research contracts, quality of life grants and health promotion awards are expensed in the No. 157, Fair Value Measurements (SFAS 157). This statement defines fair value, Marketable equity securities 3,522,690 3,515,554 $ 4,262,402 $ 3,590,517 year the contract/grant/awards is approved and/or formally signed by CRF and the grantee. establishes a framework for measuring fair value, and expands disclosures about Off shore limited partnership 1,005,717 766,074 Contracts and awards are subject to routine performance requirements by the recipient. fair value measurements. SFAS 157 is to be applied when other standards require or $ 5,427,623 $ 6,276,468 permit the use of fair value measurement of an asset or liability. SFAS 157 is effective Amounts due in more than one year are discounted to present value using a discount Fixed Assets for financial statements issued for fiscal years beginning after November 15, 2007. Investment income: rate of 5%. The unamortized discount at December 31, 2007 and 2006 amounted to financial statements Purchased equipment is recorded at cost and donated equipment is recorded at fair Delayed application of SFAS 157 is permitted for nonfinancial assets and nonfinancial Realized gains $ 243,182 $ 250,162 $132,209 and $375,679, respectively. market value at the date of donation. Depreciation is provided on the straight-line method liabilities, except for items that are recognized or disclosed at fair value in the financial Unrealized gains 238,081 496,924 over estimateduseful lives. statements on a recurring basis until fiscal years beginning after November 15, 2008.The $ 481,263 $ 747,086 During the year ended December 31, 2006, the Foundation established a $500,000

42 43 Notes to Financial Statements Notes to Financial Statements December 31, 2007 and 2006 December 31, 2007 and 2006

allowance for the potential non collection of the remaining balance of a 2005 pledge. The 6. Research Contracts Payable 7. Direct Mail Program 9. Leases pledge was written off against the allowance in 2007. There was no allowance for uncol- lectible amounts at December 31, 2007. Research program expense includes those research contracts approved and/or formally The Foundation conducts a Direct Mail Program, the purpose of which is to increase At December 31, 2007, minimum lease payments under noncancellable operating signed by CRF and the grantee during the year. However, certain research contracts have public awareness and support for CRF’s mission to provide research to find a cure for leases for the rental of office space and equipment are as follows: cash payment schedules that extend beyond one year. The details of research contracts spinal cord injuries and improve the quality of life of those affected. For the years end- 4. Grant Receivable expensed and payable are as follows: ed December 31, 2007 and 2006, the Program generated revenues of $1,714,848 and $2,193,129, respectively, and expenses of $1,012,786 and $1,048,063, respectively. 2008 $ 380,094 December 31 2009 378,093 Grant receivable represents contractual expenses incurred and reimbursable under federal 2007 2006 grants with the Centers for Disease Control and the Department of Defense. 2010 378,466 Research contracts payable, beginning of year $ 4,260,956 $ 4,470,525 8. Functional Expense Allocations 2011 353,598 December 31 Research contracts awarded, net 6,738,019 6,988,945 2012 350,325 2007 2006 10,998,975 11,459,470 $ 1,840,576 In years 2007 and 2006, CRF conducted activities that included appeals for contribu- Federal Agency: Contract payments made 7,920,800 7,198,514 tions as well as program and management and general components. Those activities Centers for Disease Control $ 1,249,899 $ 1,650,584 Research contracts payable, end of year $ 3,078,175 $ 4,260,956 included direct mail campaigns and special events. Joint costs for those activities were Department of Defense 568,720 – Total rental expense was $388,086 for 2007 and $395,653 for 2006. allocated as follows: $ 1,818,619 $ 1,650,584 December 31 Scheduled contract payments of the research contracts payable at December 31, 2007 are 2007 2006 as follows: 5. Fixed Assets Program services $ 421,820 $ 458,726 10. Employee Benefit Plans Management and general (all special events) 407,973 199,941 AMOUNT Fixed assets, net, consist of the following: Fund raising 1,180,888 1,166,569 The Foundation has a 401(k) pension plan for the benefit of its employees. Under the Year: $ 2,010,681 $ 1,825,236 plan, CRF makes a mandatory contribution of 3% of an eligible employee’s monthly

December 31 2008 $ 2,632,734 salary, which is vested immediately. The Foundation also has the option of making ad- financial statements 2009 445,441 2007 2006 For the years ended December 31, 2007 and 2006, program services include $303,836 ditional discretionary contributions which are subjected to a graduated vesting sched- $ 3,078,175 Furniture, fixtures, equipment, and software $ 856,263 $ 822,894 and $314,418 for direct mail, respectively, and $117,984 and $144,308 for special ule, depending on the employee’s length of service, over as long as six years. For years Research equipment 188,580 188,580 events, respectively. For the years ended December 31, 2007 and 2006, fund rais- 2007 and 2006, the additional contribution was 1.5%. Employer contributions charged Less accumulated depreciation (896,788) (797,795) to operations were $98,780 in 2007 and $81,441 in 2006. Quality of Life grants are awarded twice a year. The grants payable at December 31 are ing includes $708,950 and $733,645 for direct mail, respectively, and $471,938 and

financial statements Fixed assets, net $ 148,055 $ 213,679 disbursed prior to the end of the May 31 grant year. Quality of Life grants awarded in $432,924 for special events, respectively. 2007 and 2006 amounted to approximately $1,706,620 and $1,570,678, respectively.

44 45 Board of Directors SCIENCE ADVISORY COUNCIL leadership board

Officers Directors Moses V. Chao, Ph.D. Rick Lieber, Ph.D. Paul Daversa Chairman University of California, San Diego Co-Chair Peter D. Kiernan, III David M. Baldwin New York University Medical San Diego, CA Chairman of the Board of Directors Carl Bolch, III Center John McConnell New York, NY J. Regino Perez-Polo, Ph.D. Co-Chair John M. Hughes Moses V. Chao, Ph.D. Vice Chairman of the Board University of Texas Medical Branch James G. Dinan Barbara S. Bregman, Ph.D. Galveston, TX David Blair Arnold H. Snider Stephen Evans-Freke Georgetown Univ. School of Dan Cahill Vice Chairman of the Board MedicineWashington, D.C. Samuel L. Pfaff, Ph.D. Brenna Garratt John D. Gilliam The Salk Institute Daniel Heumann Henry G. Stifel, III Janet Hanson Jacqueline C. Bresnahan, Ph.D. La Jolla, CA Annette & Bill Ross University of California, San Jim Scott Vice Chairman of the Board Francine LeFrak Francisco Mahendra Rao, Ph.D. Marci Surfas Joel M. Faden Kate Michelman San Francisco, CA Invitrogen Corporation Chairman of the Executive Jon O’Connor Carlsbad, CA executive staff Committee Carl W. Cotman, Ph.D. John Osborn Institute in Brain Aging Jerry Silver, Ph.D. Peter T. Wilderotter Robert L. Guyett Jeff Pfeifle University of California, Case Western Reserve University President and CEO Treasurer Irvine, CA Cleveland, OH Patricia Quick Joseph A. Canose Michael W. Blair, Esq. Alexandra Reeve Jean de Vellis, Ph.D. William Snider, M.D. Secretary Vice President, Quality of Life Matthew Reeve University of California, Los University of North Carolina at Angeles Chapel Hill Peter T. Wilderotter Maggie F. Goldberg Richard G. Schneidman Los Angeles, CA Chapel Hill, NC President and Chief Executive Senior Vice President, Marketing Officer Heidi Steiger and Communications V. Reggie Edgerton, Ph.D. Oswald Steward, Ph.D. Krishen Sud University of California, Los Reeve-Irvine Research Center Susan P. Howley Diana L. Taylor Angeles University of California, Irvine Executive Vice President; Vice James O. Welch, Jr. Los Angeles, CA Irvine, CA President, Research Robin Williams Michael G. Fehlings, M.D., Ph.D. Wolfram Tetzlaff, M.D., Ph.D. Edward T. Jobst, CPA Robert W. Yant, Jr. The Toronto Western Hospital University of British Columbia, Controller Research Institute ICORD University of Toronto Vancouver, BC, Canada Michele M. Loiacono Toronto, Ontario, Canada Vice President, Human Resources and Special Initiatives Alex Kolodkin, Ph.D. Johns Hopkins University School of Bruce C. Morgan Medicine Vice President, Government Affairs Baltimore, MD Mark S. Watson Vice President, Development HEADQUARTERS PARALYSIS RESOURCE CENTER WEST COAST OFFICE WASHINGTON DC OFFICE

636 Morris Turnpike, Suite 3A 636 Morris Turnpike, Suite 3A 5743 Corsa Avenue Suite 103 10 G St. NE, Suite 601 Short Hills, NJ 07078 Short Hills, NJ 07078 Westlake Village, CA 91362 Washington, DC 20002 800.225.0292 800.539.7309 818.706.1542 202.898.4860 973.379.2690 973.379.2690 Fax 818.874.9048 Fax 202.783.1081 Fax 973.912.9433 Fax 973.912.9433 ChristopherReeve.org Paralysis.org