Nigeria annual report 2020 Zakat Foundation

Zakat Foundation Nigeria annual report 2020
Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
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EXPENSES $

REVENUE $

NET ASSETS $

Zakat Foundation™ Nigeria, a non-profit organization committed to providing humanitarian services to the less privileged in the society, has released its annual report for the year 2020. The report details the organization's activities, achievements, and challenges during the year.

Despite the challenges posed by the COVID-19 pandemic, Zakat Foundation™ Nigeria was able to continue its mission of providing relief and support to vulnerable communities in Nigeria. The organization provided food, clothing, and other essential items to families affected by the pandemic and other crises such as conflicts, natural disasters, and poverty.

In the education sector, Zakat Foundation™ Nigeria continued to support the education of indigent children by providing scholarships, school supplies, and other necessary materials. The organization also provided vocational training and skills acquisition programs to help young people acquire skills that would enable them to become self-reliant and contribute to the economic development of their communities.

Zakat Foundation™ Nigeria also worked towards improving healthcare in underserved communities by providing medical supplies, sponsoring medical missions, and renovating health facilities. In addition, the organization provided support to orphans and vulnerable children through its orphanage and foster care programs.

In the year 2020, Zakat Foundation™ Nigeria faced significant challenges, including limited funding, security concerns, and the COVID-19 pandemic. However, with the dedication of its staff and the support of its donors, the organization was able to overcome these challenges and make a significant impact in the lives of the people it serves.

In conclusion, the annual report of Zakat Foundation™ Nigeria for the year 2020 is a testament to the organization's commitment to its mission of providing humanitarian services to the less privileged in society. Despite the challenges faced, the organization remained focused on its objectives and achieved significant milestones. The report is a call to action for donors and well-wishers to support the organization in its quest to make a positive impact in the lives of the less privileged.

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Zakat Foundation Nigeria annual report 2020 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in Nigeria Read our annual reports to find out more: 2022 Zakat Foundation Annual Report In 2022, over 73,570 Muslims trusted Zakat Foundation to distribute their Zakat worldwide. It is a privilege to help Zakat payers with this important commitment. For those who have been paying Zakat or making voluntary donations to us from 1996 .in this year 2022 alone Zakat Foundation helped over 23156 Muslims worldwide .Together, we’ve helped individuals and families who have fallen on hard times or who are unable to move forward in their lives due to there financial circumstances.Zakat is a unique form of religious social welfare which has the power to uplift the entire Muslim community.Every dollar contributed by donors is used as efficiently as possible to maximize the impact on beneficiaries. Our due diligence process of tracking, monitoring, and allocating donations to our projects on the ground catalyzes the society and uplift the most impoverished people and communities. Please donate generously to support Zakat Foundation projects and all of your donations will be tax deductible*.

Introduction
The Zakat Foundation™ Nigeria, established in 2008, is a non-profit organization dedicated to the collection and distribution of Zakat, a form of Islamic charity. Zakat is one of the five pillars of Islam, and it requires Muslims who meet certain conditions to give a portion of their wealth to those in need. The foundation’s primary objective is to alleviate poverty and promote sustainable development in Nigeria through Zakat collection and distribution.

The Zakat Foundation™ Nigeria’s Annual Report 2020 showcases the organization’s achievements and progress towards its goals. This report provides a detailed account of the foundation’s activities, finances, and impact for the year 2020.

Activities
The Zakat Foundation™ Nigeria’s activities in 2020 focused on the collection and distribution of Zakat to those in need. The foundation’s efforts were focused on three main areas:

Poverty Alleviation: The foundation provided direct assistance to the poor and needy, including food, clothing, and shelter. It also implemented long-term poverty reduction programs, such as microfinance and skill acquisition training.

Healthcare: The foundation provided medical care and support to those who cannot afford it. This includes free medical checkups, medication, and surgeries.

Education: The foundation supported education initiatives, including the construction and renovation of schools, scholarships, and the provision of educational materials.

In 2020, the Zakat Foundation™ Nigeria provided assistance to over 200,000 individuals across the country. This included over 60,000 households, 10,000 orphans, and 5,000 widows.

Finances
The Zakat Foundation™ Nigeria’s finances for 2020 are presented in the annual report. The foundation’s income for the year was N1.2 billion, with the majority of the funds coming from Zakat collections. The foundation also received donations from individuals and organizations, both locally and internationally.

The report provides a detailed breakdown of the foundation’s expenditures for the year, which totaled N1 billion. The majority of the funds were used for poverty alleviation programs (N520 million), followed by healthcare (N270 million), and education (N150 million). The remaining funds were used for operational expenses and other administrative costs.

Impact
The Zakat Foundation™ Nigeria’s impact in 2020 was significant. The foundation’s efforts in poverty alleviation, healthcare, and education improved the lives of thousands of Nigerians. The foundation’s direct assistance and long-term poverty reduction programs helped to lift individuals and households out of poverty and provide them with the tools to become self-sufficient.

The foundation’s healthcare initiatives provided critical medical care and support to those who cannot afford it, saving lives and improving the health and wellbeing of individuals and communities. The foundation’s education initiatives provided access to education and improved the quality of education, ensuring that children have the opportunity to learn and reach their full potential.

Conclusion
The Zakat Foundation™ Nigeria’s Annual Report 2020 showcases the organization’s achievements and progress towards its goals. The foundation’s efforts in poverty alleviation, healthcare, and education had a significant impact on the lives of thousands of Nigerians in 2020. The report demonstrates the foundation’s commitment to transparency and accountability in its operations, finances, and impact. Moving forward, the foundation will continue to work towards its mission of alleviating poverty and promoting sustainable development in Nigeria through Zakat collection and distribution.