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Thank you for considering a donation to ELEVEate! If you would like to direct your donation to a particular initiative, please indicate that preference during the PayPal donation process in the “Notes or Special Instructions” section.


Finances

Individuals and institutions that make contributions to ELEVEate expect their funds to be used wisely, and for the business practices and program assessment procedures adopted by ELEVEate to reflect best practices. Donors get satisfaction from knowing that their investment in ELEVEate effectively promotes social change by paving the way for girls to acquire lasting skills that enrich their lives, foster dignity, and improve the status of their families and communities. In addition, more educated girls are better positioned to help their children have productive lives allowing investments in ELEVEate to span generations. Documenting the activities of ELEVEate and informing donors of the impact their philanthropy is having, is a fundamental enterprise undertaken by the leadership of ELEVEate. 

The By-Laws adopted by the Board of Directors of ELEVEate requires that ELEVEate put in place and maintain systems that ensure high-levels of accountability and transparency in three areas: financial practices, allocation of birth certificates, and performance of benefactors. The system ensures that the selection process undertaken to identify beneficiary girls is fair and clear. In addition, performance of girls on the National Secondary School Entrance Exam is monitored and – as a group – reported annually. From a donor perspective this system provides detailed qualitative and quantitative information allowing them to see the impact of their contributions. 

Assurance

In the financial area, a state of the art double entry accounting system is used by ELEVEate to track revenues and expenses. Organizations receiving a grant must provide an annual report on their activities. 

An External (Field) Auditor prepares a report for the Board of Directors of ELEVEate on the performance of any organization that receives a grant from ELEVEate every few years. This field-audit is conducted to ensure that funds are used for the purpose for which they were provided. The Field Auditor inspects financial records and interviews some of the beneficiary girls, selected at random from the beneficiary list, to confirm they receive the grants they are entitled to.  They also interview – parents of beneficiary girls, teachers, and on-site ELEVEate Administrators – to further gauge the impact of ELEVEate. 

Each year the Chief Financial Officer of ELEVEate files an annual report with both the IRS (Form 990) and the Commonwealth of Virginia (Form 102) on the actions and performance of ELEVEate. This report is available upon request.  Form 990 reports the level of revenue and funds spent to meet the mission of ELEVEate in the most recent year, and from its inception.  

“Donors get satisfaction from knowing that their investment in ELEVEate effectively promotes social change by paving the way for girls to acquire lasting skills that enrich their lives.”

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