BBB Wise Giving Report for
World Monuments Fund

BBB Wise Giving Report issued March 2011
BBB Wise Giving Report expires March 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: World Monuments Fund
Address: 350 Fifth Avenue, Suite 2412
  New York, NY 10018
Phone: 646-424-9594
Web Address: www.wmf.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1965, New York
Affiliates: 6 chapters
Stated Purpose: "to preserve the heritage of extraordinary achievements of civilizations throughout the world by encouraging the conservation of monuments and sites."

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Evaluation Conclusions

               

World Monuments Fund meets the 20 Standards for Charity Accountability.
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Programs

               

According to the organization, WMF works in more than 90 countries to preserve architectural and cultural heritage sites. WMF works through partnerships with local communities, funders, and governments in order to create commitments to stewardship of historical sites for future generations.

For the fiscal year ended June 30, 2010, World Monuments Fund's program expenses were:

  
Active field projects 6,715,926
Affiliates field projects 4,756,022
Partners field projects 2,417,226
Education and public outreach 1,772,800
Project awards 1,582,857
Total Program Expenses: $17,244,831
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Governance

               

Chief Executive : Bonnie Burnham, President
Compensation*:
 $280,724

Highest Paid Executive: Bertrand du Vignaud,WMF Europe, President
Compensation*: $333,624

Chair of the Board: Christopher Ohrstrom, Chairman
Chair's Profession / Business Affiliation: Restoration Technician/Consultant, Wallpaper Manufacturer, Independent Investor

Board Size: 26

Paid Staff Size: 41

*July 1, 2009 - June 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, planned giving, and cause-related marketing.
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $13,872,969, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on World Monuments Fund's audited financial statements - consolidated for the fiscal year ended June 30, 2010.

Source of Funds  
Contributions 13,164,075
Investments 4,379,411
Special events 708,894
Programs 91,950
Total Income $18,344,330


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 6%  Administrative: 7% 

Total income   $18,344,330
  Program expenses $17,244,831
  Fund raising expenses 1,278,796
  Administrative expenses 1,317,764
 
Total expenses   $19,841,391
Expenses in Excess of Income   (1,497,061)
Beginning net assets   54,650,000
Ending net assets   53,152,939
Total liabilities   324,865
Total assets   $53,477,804


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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