BBB Wise Giving Report for
Give2Asia

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


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Give2Asia
Address: 465 California Street, Suite 806
  San Francisco, CA 94104
Phone: 415-743-3336
Web Address: www.give2asia.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2000, California
Affiliates: None
Stated Purpose: "to encourage and facilitate charitable giving to Asia by providing personalized services to donors and recipients."

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Evaluation Conclusions

               

Give2Asia (Give2Asia) does not meet the following Standard for Charity Accountability.

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

Give2Asia does not meet this Standard because the privacy policy on this website, www.give2asia.org does not indicate:

  • What personal information is being collected and how it will be used.
  • What security measures are in place to protect personal information that is collected.
In addition, the BBB Wise Giving Alliance requested but did not receive complete information on the organization’s finances and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 13.
Give2Asia (Give2Asia) meets the remaining 18 Standards for Charity Accountability.
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Programs

               

Give2Asia provides philanthropic services to enhance the growth of civil society in Asia by increasing the flow of philanthropic capital to the region, making U.S.- Asia philanthropy accessible, cost-effective and secure. Since its founding in 2001, Give2Asia reports that it has generated over $150 million in giving for local causes throughout Asia, funding programs in education, micro-enterprise, healthcare, disaster relief, women’s empowerment, and other causes.

For the fiscal year ended September 30, 2010, Give2Asia's program expenses were:

  
Grants 21,632,082
Program support 783,843
Total Program Expenses: $22,415,925
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Governance

               

Chief Executive : Ray Klinke, Interim CEO
Compensation*:
 $128,378

Chair of the Board: Ta-lin Hsu
Chair's Profession / Business Affiliation: Founder and Chairman, H&Q Asia Pacific

Board Size: 23

Paid Staff Size: 16

*October 1, 2008 - September 9, 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, grant proposals, Internet appeals, and person-to-person solicitation.
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $20,834,423, 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 Give2Asia's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Contributions 20,834,423
Net realized and unrealized gain on investments 105,428
Interest income 44,975
Total Income $20,984,826


chart



Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 1%  Administrative: 5% 

Total income   $20,984,826
  Program expenses $22,415,925
  Fund raising expenses 186,048
  Administrative expenses 1,196,585
 
Total expenses   $23,798,558
Expenses in Excess of Income   (2,813,732)
Beginning net assets   9,258,338
Ending net assets   6,444,606
Total liabilities   4,254,986
Total assets   $10,699,592


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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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