Philippines annual report 2007 Zakat Foundation

Zakat Foundation Philippines annual report 2007
Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
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EXPENSES $

REVENUE $

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The Zakat Foundation™ Philippines has released its annual report for the year 2007. The report highlights the organization's various achievements and contributions towards the betterment of society.

The Zakat Foundation™ Philippines is a non-profit organization that works towards helping the needy and underprivileged in the country. The organization's focus is on providing relief and support to those who are struggling with poverty, illness, or other forms of hardship.

In 2007, the Zakat Foundation™ Philippines carried out a range of programs and initiatives to help those in need. The organization provided financial assistance to families affected by disasters such as typhoons and floods. They also supported various healthcare initiatives, providing medical treatment and medication to those who could not afford it.

Another key focus of the Zakat Foundation™ Philippines in 2007 was education. The organization supported schools and educational institutions, providing scholarships and other forms of assistance to underprivileged students. They also conducted various training programs and workshops to help individuals develop new skills and improve their employability.

Overall, the Zakat Foundation™ Philippines made a significant impact in the lives of many individuals and families in 2007. Their efforts helped to alleviate suffering and provide hope to those who were struggling. The organization's annual report serves as a testament to their commitment to making a difference and improving the lives of others.

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Zakat Foundation Philippines annual report 2007 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:

The Zakat Foundation™ Philippines is a non-profit organization that aims to alleviate poverty and empower marginalized communities through Zakat, Sadaqah, and other forms of charitable donations. Every year, the foundation releases an annual report that highlights its achievements, challenges, and future plans. This article will discuss the Zakat Foundation™ Philippines Annual Report for the year 2007, focusing on its programs, impact, and financial performance.

Programs:

The Zakat Foundation™ Philippines implemented various programs in 2007 to help the poor and vulnerable communities. One of its primary programs was the Zakat and Sadaqah Distribution Program, which aimed to distribute Zakat and Sadaqah funds to the needy. The foundation also provided assistance to disaster-affected communities through its Disaster Response Program. The program provided food, shelter, and medical assistance to victims of natural disasters, such as typhoons and floods.

Another program implemented by the Zakat Foundation™ Philippines was the Orphan Support Program. The program provided financial assistance to orphans and their families, ensuring that they have access to education, healthcare, and other basic needs. The foundation also implemented a Microfinance Program, which provided small loans to poor families to start their own businesses.

Impact:

The Zakat Foundation™ Philippines made a significant impact on the lives of the poor and vulnerable communities it served in 2007. Through its Zakat and Sadaqah Distribution Program, the foundation distributed Php 5,846,115 ($114,301) to 3,401 beneficiaries. The funds provided them with access to basic needs, such as food, shelter, and healthcare. The Disaster Response Program provided assistance to 2,000 families affected by natural disasters.

The Orphan Support Program supported 3,256 orphans and their families, ensuring that they have access to education, healthcare, and other basic needs. The Microfinance Program provided loans to 1,268 families, enabling them to start their own businesses and improve their livelihoods.

Financial Performance:

The Zakat Foundation™ Philippines had a strong financial performance in 2007. The foundation's total income was Php 16,063,725 ($314,258), with Php 8,217,848 ($160,793) coming from Zakat and Sadaqah donations. The foundation's expenses for the year were Php 14,607,310 ($285,932), with 93% of the expenses going towards program implementation. The foundation's net assets increased from Php 12,329,191 ($240,997) in 2006 to Php 13,425,250 ($262,388) in 2007, indicating a healthy financial position.

Future Plans:

In its Annual Report for 2007, the Zakat Foundation™ Philippines outlined its plans for the future. The foundation aimed to expand its programs to reach more poor and vulnerable communities, particularly those in remote areas. The foundation also planned to enhance its Microfinance Program by providing more training and technical assistance to borrowers.

Conclusion:

The Zakat Foundation™ Philippines made significant progress in 2007 in its mission to alleviate poverty and empower marginalized communities. The foundation implemented various programs that provided assistance to the poor and vulnerable, including the Zakat and Sadaqah Distribution Program, Disaster Response Program, Orphan Support Program, and Microfinance Program. The foundation's financial performance was strong, with a healthy net asset position. Looking ahead, the foundation planned to expand its programs and enhance its Microfinance Program to reach more people in need.