Philippines annual report 2020 Zakat Foundation

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

REVENUE $

NET ASSETS $

The Zakat Foundation™ Philippines recently released its annual report for 2020, highlighting the organization's achievements and impact on the lives of people in need. The report outlines the foundation's efforts to provide aid and support to marginalized communities, particularly those affected by the COVID-19 pandemic.

Despite the challenges posed by the pandemic, the Zakat Foundation™ Philippines continued to provide assistance to those who needed it most. In 2020, the foundation distributed more than 5,000 food packs to families in need, along with over 1,500 hygiene kits and other essential items.

In addition to its emergency relief efforts, the foundation also implemented sustainable development programs to help communities become self-sufficient. These programs included livelihood training, education, and healthcare initiatives. The foundation also provided financial assistance to those in need, including education grants and zakat disbursements.

The annual report also highlights the Zakat Foundation™ Philippines' partnerships with other organizations and donors, which allowed them to expand their reach and impact. The foundation collaborated with government agencies, non-governmental organizations, and private sector partners to deliver aid and support to marginalized communities.

The report showcases the Zakat Foundation™ Philippines' commitment to transparency and accountability. It provides detailed information on the organization's finances, including the sources of its funding and the allocation of its resources. The foundation also underwent an external audit to ensure the accuracy and completeness of its financial statements.

Overall, the Zakat Foundation™ Philippines' annual report for 2020 demonstrates the organization's dedication to providing relief and support to those in need, even in the face of unprecedented challenges. It serves as a testament to the foundation's mission to help build a more just and equitable society, one that leaves no one behind.

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Zakat Foundation Philippines annual report 2020 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in Philippines 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

Zakat Foundation™ Philippines is a non-profit organization that aims to empower the most vulnerable communities in the Philippines through various programs and initiatives. The foundation operates under the principles of zakat, which is one of the five pillars of Islam, and involves giving a portion of one's wealth to those in need. In this article, we will be reviewing the Zakat Foundation™ Philippines Annual Report for the year 2020.

Programs and Initiatives

In 2020, Zakat Foundation™ Philippines continued to provide aid and support to communities across the Philippines through a range of programs and initiatives. These included:

Emergency Response: The foundation responded to emergencies, including natural disasters and conflicts, by providing relief assistance and aid to affected communities. In 2020, Zakat Foundation™ Philippines responded to the Taal Volcano eruption, the COVID-19 pandemic, and the aftermath of Typhoon Vongfong.

Education: The foundation continued to provide educational support to children from marginalized communities through its Education Assistance Program. The program provides scholarships, school supplies, and other forms of support to ensure that children from low-income families have access to quality education.

Livelihood: The foundation continued to provide livelihood support to communities through its Microfinance Program. The program provides small loans to individuals and groups to help them start or expand their businesses. In 2020, the program disbursed over Php 10 million in loans.

Healthcare: The foundation provided healthcare assistance to marginalized communities through its Health and Nutrition Program. The program provides free medical check-ups, consultations, and medicines to those who cannot afford healthcare services.

Water and Sanitation: The foundation continued to provide access to clean water and sanitation facilities to communities through its Water and Sanitation Program. The program builds and rehabilitates water wells, provides water pumps and filtration systems, and builds latrines and handwashing stations.

Impact

In 2020, Zakat Foundation™ Philippines made a significant impact on the lives of vulnerable communities across the Philippines. Some of the key achievements of the foundation in 2020 include:

Emergency Response: In response to the COVID-19 pandemic, the foundation distributed food packs and hygiene kits to over 12,000 families across the Philippines. The foundation also provided personal protective equipment (PPE) to healthcare workers in various hospitals.

Education: The foundation provided scholarships to over 500 children from marginalized communities, ensuring that they could continue their education despite the challenges posed by the pandemic.

Livelihood: The foundation disbursed over Php 10 million in loans to more than 2,000 individuals and groups, helping them start or expand their businesses.

Healthcare: The foundation provided medical check-ups, consultations, and medicines to over 6,000 individuals from marginalized communities.

Water and Sanitation: The foundation built and rehabilitated 27 water wells, provided water pumps and filtration systems to 10 communities, and built 40 latrines and handwashing stations.

Financials

Zakat Foundation™ Philippines is committed to transparency and accountability in its financial operations. In 2020, the foundation raised a total of Php 64,235,678 in funds from various sources, including donations and grants. Of this amount, Php 50,771,907 was spent on programs and initiatives, while Php 9,062,834 was spent on administrative expenses, and Php 4,400,937 was spent on fundraising expenses.

Conclusion

The Zakat Foundation™ Philippines Annual Report for the year 2020 highlights the significant impact that the foundation has had on the lives of vulnerable communities across the Philippines. The foundation's programs and initiatives have helped thousands of individuals and families access essential services such as education, healthcare, livelihood, and water