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Annual Report 2019 DARÜŞŞAFAKA SOCIETY ANNUAL REPORT 2019

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Annual Report 2019 DARÜŞŞAFAKA SOCIETY ANNUAL REPORT 2019 Annual Report 2019 DARÜŞŞAFAKA SOCIETY ANNUAL REPORT 2019 REPORT ANNUAL SOCIETY DARÜŞŞAFAKA T: 0850 222 1863 www.darussafaka.org Table of Contents 04 Chairman’s Message 10 Secretary General’s Message 14 Message from the General Manager of Darüşşafaka Schools 2019 REPORT ANNUAL SOCIETY DARÜŞŞAFAKA 20 Darüşşafaka in Brief 22 Milestones 24 2019 at a Glance 28 2019 in Figures Review of Operations in 2019 33 Educational Activities 59 Corporate Communications 66 Donations and Fundraising Activities 82 Darüşşafaka Residences 86 Law Office 89 Support Services 96 Museums 98 Commercial Enterprises and Initiatives 102 Corporate Governance 114 Our Griefs in 2019 116 Report of the Supervisory Board 119 Consolidated Financial Statements and Independent Auditor’s Report as at and for the Year Ended December 31, 2019 for Darüşşafaka Society and Its Subsidiaries 121 Independent Auditor’s Report 156 2019 Final Accounts and 2020 Budget Proposal 167 Employment Status as of December 31, 2019 168 Contact Information As per the Personal Data Protection Law (PDP), pictures in this report Proudly produced by FİNAR. do not reflect the real names and surnames of the students. www.finarkurumsal.com Building value from talent... Since 1863 we have strived to ensure equality of opportunity in education for talented children who have lost their fathers or mothers and have limited financial means. We aim to first provide them with care and, then, with a bright future. With 156 years of deep-rooted history, the Darüşşafaka Society provides equal education opportunities to nearly 1.000 children, selected through examinations across Turkey, through secondary school to their graduation from high school. We predicate our education on care and warmth, and accompany our children throughout their journey to universities in Turkey or abroad. We also provide scholarships for students to complete their university education. Our students gradually climb up the steps in their careers, becoming academicians, civil servants, doctors, lawyers, journalists, scientists and more. We work to transform the talent of each student into a valuable resource of the future, thanks to your support. Dedicated to principles, progressing towards the future The number of donors and donations play an essential role in raising modern- day individuals who adhere to Ataturk’s principles, and are life-long learners and critical thinkers. The history of Darüşşafaka Society dates from the Ottoman Empire and the early days of the Turkish Republic. Throughout its existence, the Society has sustained its mission through donations from benevolent individuals, including Zübeyde Hanım, the mother of Mustafa Kemal Atatürk, and Makbule Atadan, his sister. Playing a crucial role in the history of Turkey, the Society considers each donation, regardless of the amount, as a commitment to its mission and, as such, the Society is accountable. 4 Darüşşafaka Society Annual Report 2019 Chairman’s Message Dear Students of Darüşşafaka, Esteemed Members and Partners, In 2019, we continued our mission of equality of opportunity in qualified education, and the last 12 months have seen many accomplishments and achievements. Administrative Matters Since the chairmanship of the Board Of Directors is significant in terms of the sustainability and institutionalization of the Darüşşafaka Society, the term of office has been limited to six years (3+3) and included in the internal regulations. Subsequently, in 2019, there was a change of seat within the governance of the Society. In April 2019, I took over the Chairmanship of the Darüşşafaka Society Board of Directors from Mr. Talha Çamaş, who carried out his duties with great dedication and success. We are embarking on an innovative process of development based on these ongoing projects. I will relinquish this duty, which has been entrusted to me when the General Assembly selects the right person and team. For now, together with my colleagues on the Board of Directors, we undertake this duty with a common sense of responsibility and devotion. As Darüşşafaka Society, we do not compromise on our corporate governance. Rather, we take firm steps towards a sustainable structure based on plans and goals by renewing our strategic plans every five years. In the second half of 2019, we built on the previous term’s strategic objectives. We determined our road map for the 2020-25 term and informed our stakeholders regarding the main principles. The new strategic plan is based on three primary matters: “Education,” the “Individual” and “Sustainability.” 6 Darüşşafaka Society Annual Report 2019 Chairman’s Message As a Non-Governmental Organization and a “home of compassion,” we emphasize care, improvement and attention for our “people,” mainly our teachers while remaining focused on our primary mission of equality of opportunity in qualified education. Under the umbrella of science and knowledge, We have gained strength, especially with the our main priority is, and always has been qualified success of the “81 Provinces, 81 Students” project, education. We aim to raise individuals who are continuing in cooperation with İşbank for 12 years. fully equipped in terms of academic, social, With the help of this strength, we aim to rapidly physical, psychological and cultural skills, and to increase corporate donations via our “Companion” prepare them for the requirements of a changing program. future. Our utmost concern and goal are to help students achieve success and happiness in These developments, and improvements in the life. Quantity follows quality: helping even more organizational and administrative aspects of children to benefit from the opportunities offered Residences, will help us raise member/donor by our nation is the next goal. satisfaction and, thus, raise more funds for education. As a Non-Governmental Organization and a “home of compassion,” we emphasize care, improvement Education and attention for our “people,” mainly our teachers In 2019, a total of 934 students, with a balanced while remaining focused on our primary mission of distribution of male and female students, from 72 equality of opportunity in qualified education. cities studied in Darüşşafaka Schools under the supervision of 224 teachers. “Sustainability” encompasses not only one of our most treasured assets – our reputation – but also With a high success rate in Anatolian cities in the continuity of our development and our mission the last decade, we have provided educational with an inclusive expansion in donations. Thanks opportunities to at least one student from all cities to achievements particularly in recent years and except Aksaray, Bingöl, Erzincan, Gümüşhane, in 2019, we have expanded regular (individual Hakkari, Iğdır, Siirt, Sinop and Tunceli. We hope to or corporate) donations and have properly and help students in these cities, with the assistance of efficiently managed our asset quality and income. our companions at heart, as soon as possible... Darüşşafaka Society Annual Report 2019 7 In 2019, our benevolent society continued to provide care and support to Darüşşafaka. We generated a total income of TL 227,1 million. I would like to highlight that there were four We continue to aim at improving the quality students per teacher, which is above global of education through clear and measurable standards. Within the scope of in-service training parameters. Within the framework of our strategy, activities, we delivered a total of 5.900 hours of we focus on ensuring that our alumni graduate training for the academic staff. from the top three universities in the fields of their preference, sooner or later, and that they In 2019, our students achieved numerous demonstrate innovation and a healthy sense of academic, social, cultural, and sports-related competition with the influence of our behavioral successes at the national and international levels. development programs, enjoying happiness and We feel great pride in their accomplishments. success at the same time. We graduated 70 students, 62 of whom were Financial Matters accepted to undergraduate programs. Eight of In 2019, our generous benefactors continued to those graduates did not apply to programs, as provide care and support to Darüşşafaka. We they wished to take the exam again and re-apply generated a total income of TL 227,1 million. to their preferred universities. Excluding those Individual donations reached TL 71,3 million, an eight graduates, the university placement ratio is increase of 59,6 percent compared to the previous 100%. Two graduates were accepted by overseas year; 9.488 regular donors contributed a total of universities based on their special qualifications. TL 7.831.826. 8 Darüşşafaka Society Annual Report 2019 Chairman’s Message Members of Darüşşafaka support their school: 676 alumni contributed a total of TL 2,8 million. Members of Darüşşafaka were involved in these The percentages of all expenses in 2019 included developments and maintained support to their 45% for personnel, 15% for food, 6% for (any school; a total donation of TL 2,8 million was kind) energy, 6% for cleaning services, 6% for received from 676 alumni. We expect to have more the health of donors, 5% for special care unit support from Darüşşafaka Members. invoices, 4% for communication and promotion, 2% for maintenance-repair, 2% for events, 2% With the help of technological advances, we will for consultancy and informatics, and 7% for strive for more regular donations towards the miscellaneous expenses. The ratio of Society equality of opportunity in education in 2020. As Center expenses to total income remained at 7,2% well, we hope to expand the corporate donations. with no increase. The coverage ratio of our Net Asset Management The expenses of the Society’s Board Members and Financial Incomes for Darüşşafaka Schools in 2019 amounted to TL 8.378. The volunteer (DS) expenses was 55,3% as of year-end 2019. members of the Society’s Board made a total donation of TL 330.573 during the year. Budgeted funds in the amount of TL 121,2 million, excluding the financial budget, were used up to Our bank debts in foreign currency fell by TL 115,2 million (95%) in 2019.
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