GATF Update March 2005
Last Updated (Tuesday, 26 January 2010 22:30)
GATF Update March 2005
1. Status of the Fund as at 31 December 2004
Through the concerted efforts of the total movement in the region, we now have contributions and pledges totalling US$1,046,453.01 (Dec. 2003-US$1,029,135.13) as at 31 December 2004. Of this amount, US$928,830.09 (Dec. 2003 - US$841,059.09) has been paid up and the interest derived so far is US$89,553.02. Contributions up to 31 December 2004:
No. | Category of Contributors | Pledged | Received | (%) | Due |
1. | National Movement | 690,868.82 | 655,895.06 | 95 | 34,973.76 |
2. | Local YMCAs | 192,292.18 | 132,805.18 | 69 | 59,487.00 |
3. | Other Organisations | 20,824.29 | 20,824.29 | 100 |
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4. | Individuals | 132,246.69 | 119,305.56 | 90 | 12,941.13 |
| Sub-total | 1,036,231.98 | 928,830.09 |
| 107,401.89 |
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5. | Item Sales |
| 10,221.03 |
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6. | Interest Received |
| 89,553.02 |
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| Total |
| 1,028,604.14 |
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Total Pledges + Income from Item Sales + Bank Interest Received = US$1,136,006.03 |
The total amount received was boosted by the payment of US$83,512 by the YMCA of Singapore. The total amount received during the reporting period is US$ 97,992.
We continued to follow-up with individuals and the movements that had made pledges.
2. Investments
Investments as have been reported at the Executive Committee meeting in March 2004, now total US$937,820. These investments are in guaranteed bonds with 100% return of principal upon maturity. These are for periods between two to five years at interest rates between 2.3% and 4.3%. The total interest received in 2004 was US$30,307 (US$4,924 in 2003) and another US$34,673 will be due in 2005 at an average interest rate of 3.7%.3. Support of Action Programmes
Four projects have been successfully supported from the interest (US$ US$16,000) derived so far and successfully completed in 2003-2004. These were:- Women Empowerment for Indigenous People and Rural Women in Northern Thailand, Bangkok YMCA, Thailand,
- Credit Societies for Empowerment and Development, National Council of Sri Lanka,
- Interfaith Collaboration, Manado YMCA, Indonesia.
- Empowerment of Landless Labour (Farmers), Salem, India
With the improved interest on investments receivable over the next three years, we plan to begin to support YMCA projects on a larger scale for greater community impact in the next one or two years.