2016 Re­port of the AMCHAM Thai­land Foun­da­tion

Thai-American Business (T-AB) Magazine - - Content -

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).

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