Global Partnerships (GP) is a 501(c)(3) nonprofit organization. Our operations are funded primarily by the generous contributions of individuals, foundations and corporations. Global Partnerships also earns revenue through the management of our three Global Partnerships Microfinance Funds and through the provision of microfinance investment services to a strategic partner.

During fiscal year 2009, ninety-five cents of each dollar spent was directed to program services. Out of the total spent on program services, 85 percent or $11.2 million represented recoverable grants made to microfinance institutions and interest expense associated with Global Partnerships’ Microfinance Funds. Our loans to microfinance institutions are expensed as recoverable grants and as these loans are repaid, our income will reflect recoverable grant income payments. The total of unpaid recoverable grants at the end of fiscal year 2009 was $19,091,000.

Net assets for Global Partnerships, excluding the GP Microfinance Funds, were $6,913,000 at fiscal year end 2009. The GP Microfinance Funds, which consist of GP Microfinance Fund 2005, GP Microfinance Fund 2006, and GP Microfinance Fund 2008, ended the fiscal year with a combined negative net asset balance of $17,444,000. These net asset figures will be positively impacted as the $19,091,000 in outstanding recoverable grants are repaid.

Click here to view our most recent audit report or contact the Global Partnerships office. Global Partnerships is a member of the Better Business Bureau’s Wise Giving Alliance, and has been awarded the GuideStar Exchange Seal.