We are passionate advocates for prosperity and stewardship.
We partner with leading companies to achieve environmental results.
But we do not accept funds from our corporate partners.
Stay informed
Join our online community
Environmental Defense Fund completed fiscal 2011 on a sound financial footing, while mindful of the challenging economy and the global financial uncertainties ahead.
We raised $98.1 million in new funds during fiscal 2011, including pledges and grants to be paid in that year and future years, as shown on the total support and revenue line in the financial statement on the facing page. This compares to $64.8 million raised during fiscal 2010.
An above-average level of foundation support during fiscal 2011 provided $48.9 million, or 50% of total support and revenue, while contributions and membership accounted for $42.1 million, or 43%.
On the expense side of the ledger, we spent $93.1 million in fiscal 2011. This compares to $100.4 million in fiscal 2010, when expenses were higher because of Environmental Defense Action Fund advertising and related lobbying costs during that year’s major climate campaign in Congress.
Program services expenditures accounted for $74.7 million, or 80% of total operating expenses in fiscal 2011, while 9% was for development, 7% for management and administration, 3% for membership and 1% for the acquisition of new members.
Summing up revenue and expenses, our total net assets at the end of fiscal 2011 were $142.1 million, an increase of $1.8 million over the prior year.
These results are reported using Generally Accepted Accounting Principles (GAAP), which call for us to record income based on the year funds are raised, not when the gifts are designated to be used. As a result, our year-over-year revenues and net assets can and do fluctuate, sometimes significantly.
The financial statement’s Unrestricted column parallels our operating budget, which fluctuates far less than our GAAP revenues. To build the budget, we look at funds available from multiyear gifts made in prior years, forecast new fundraising and determine needed spending.
As the year unfolds, we monitor fundraising closely and adjust our spending patterns to maintain a balanced budget.
Share this
Our planned giving program include charitable legacies, stock gifts and donor advised funds.
We can't protect the planet without you. Your donations allow us to fulfill our mission.
Our members are the strength behind our work. Help us solve the most critical environmental problems.
EDF consistently receives high charity ratings from Charity Navigator and holds superlative ratings from the American Institute of Philanthropy and other charity watchdogs.
Print
Email to friend