At the Board of Directors meeting held on April, it was reported that the donations of this fiscal year are significantly lower than those of last year and the year before.
The dividends from Shintech’s Trust Account (shown in red in the graph) received by mid April are $52,960 in the current fiscal year (FY2013-2014), which is reduced by as much as $7,000 compared with $60,230 of FY 2011-2012 and $60,340 of FY 2012-2013. This is a result of the low yield of U.S. bonds.
Donations from individuals (shown in green) are $49,750 as of mid April, which has gone down by as much as $10,680 compared with the donations of two years ago, and $5,750 lower than last year. Consequently, the total donations (shown in blue) are $102,700, which is lower by as much as $17,700 and $13,200 compared with the donations received two years ago (FY2011-2012) and last year (FY2012-2013), respectively.
If this trend continues, the total revenue of this fiscal year may fall below the total expenditures, and we fear that we may be forced to scale down the size of scholarship programs and research grants next year. We must recover from this disturbing situation by all means in the remaining two months of the current fiscal year, which will end on June 30, 2014. We ask for your strong support.
A list of donors as of April 30, 2014 can be found on FUTI’s website. Please click here.
Articles in this newsletter:
- Thirteen UTokyo students and Six U.S. Students Receive FUTI’s 2014 Summer Scholarships
- We Need Your Support for the Fundraising Campaign!
- Donors’ Messages
- Sixteen FUTI donors will be invited to an “Appreciation Reception” hosted by President Hamada
- The Address of FUTI has changed
- Board of Directors Meeting held on April 21, 2014
- FUTI President Kobayashi visits Shintech Chairman and Founder Chihiro Kanagawa
- Why not “Like” FUTI on Facebook?