2016 Report of the AMCHAM Thailand Foundation
On page 38 you will find the financial statements of the AMCHAM Thailand Foundation. The statements were prepared by KPMG with the following unqualified opinion: ” In our opinion the financial statements present fairly, in all material respects, the financial position of the American Chamber of Commerce in Thailand Foundation (“Foundation”) as of 31 December 2016 and their financial performance for the year then ended in accordance with the Thai Financial Reporting Standards for Non- Publicly Accountable Entities”
1. SCHOLARSHIP PROGRAM
In 2016 the Foundation granted 199 scholarships to Thai students at 31 universities in Thailand; total contribution by the Foundation was Baht 5 million ( 2015: 199 scholarships at 31 universities; total contribution Baht 5 million). Usual amount of each scholarship is Baht 25,000.
The Foundation bequeathed three annual university scholarships in the name of Father Joe Maier for students from his Mercy Centre community.
The annual Fedex Career Camp brought 54 graduating scholarship students from 20 universities nationwide to Bangkok in October 2016 for a four day program to prepare them for future careers ( 2015: 60 graduating scholarship students participated).
2. ADOPT- A- SCHOOL PROGRAM
In 2016 the Foundation received 62 donations for the Adopt- a- School Program, in total amount of Baht 3.3 million ( 2015: 87 donations, total Baht 5.5 million).
During 2016 Baht 5 million ( 2015: Baht 4.3 million) was expended by the Foundation for 30 Adopt- a- School projects ( 2015: 27 projects) which were funded by: ( i) donations Baht 5 million ( 2015: Baht 5.5 million) received by the Foundation, and ( ii) Foundation matching grants of Baht 1.7 million ( 2015: Baht 1.2 million). Adopt- a- School projects for schools in Thailand in 2016 include construction and renovation of school buildings, including, classrooms, toilets and canteens, and the funding of teacher fellowships, including teacher fellowship training program, and provision of library books, water tanks, playgrounds, water filtration systems, school furniture and equipment.
3. OTHER CONTRIBUTIONS
The Foundation contributed Baht 3.5 million to Thailand- United States Educational Foundation ( Fulbright program) to support 22 American English teaching assistants at schools in Thailand ( 2015: Baht 3.5 million; 22 American English teaching assistants).
The Foundation contributed Baht 63,500 to the Human Development Foundation raised at the annual Festive Eggnog Party ( 2015: Baht 56,560).
4. OTHER FUNDRAISING
• The American Chamber Of Commerce In Thailand (“Chamber”) donated to the Foundation the following amounts: ( i) Baht 2.5 million ( 2015: Baht 4.8 million), and ( ii) payment of the Foundation’s administrative expenses of Baht 57,300 ( 2015: Baht 35,500).
• Governors Ball proceeds donation organized by the Chamber’s Community Engagement Committee of Baht 1.6 million ( 2015: Baht 1.6 million). • The Chamber’s Young Professionals Committee donated Baht 104,000 ( 2015: Baht 122,000) from its monthly networking events.
• Donations received at the Chamber’s social networking nights totaled Baht 161,000 ( 2015: Baht 254,000).
• The Chamber’s Memorial Day and Thanksgiving Day Golf Tournaments’ proceeds donation, organized by the Chamber’s Sports Committee, of Baht 700,000 ( 2015: Baht 947,000).
• The Independence Day Picnic, organized by the Chamber’s Independence Day and Community Engagement Committees, generated a donation of Baht 835,000 ( 2015: Baht 645,000).
The Chamber’s Santa Fe Charibowl Tournament proceeds donation, organized by the Chamber’s Sports Committee, of Baht 360,000 was received by the Foundation ( 2015: Baht 347,000).
• Miscellaneous donations to the Foundation totaled Baht 13,000 ( 2015: Baht 16,000).