Zakat foundation™ Indonesia is a non-profit organization that has been actively working towards eradicating poverty and improving the lives of the underprivileged in Indonesia for over two decades. The foundation has been successful in carrying out its mission through various programs and initiatives, all of which are supported by generous donors and partners.
In this article, we will review the Zakat foundation™ Indonesia annual report for the year 2017, which provides an overview of the foundation's activities, achievements, and financial performance during that year.
Overview of Zakat foundation™ Indonesia
Zakat foundation™ Indonesia was established in 1999 and is registered as a non-profit organization under the Ministry of Religious Affairs in Indonesia. The foundation's primary focus is on collecting and distributing Zakat, a form of obligatory charity in Islam, and other forms of charitable donations to help the underprivileged in society. The foundation's programs cover a wide range of areas, including education, health, livelihood, and social welfare.
Activities and Achievements in 2017
The annual report for 2017 highlights the foundation's activities and achievements throughout the year. In total, Zakat foundation™ Indonesia distributed IDR 202.9 billion (approximately USD 14.3 million) in Zakat and other charitable donations during the year. The foundation's programs in education, health, and livelihood were the most significant contributors to this distribution.
Education Programs
Zakat foundation™ Indonesia's education programs aim to provide opportunities for the underprivileged to receive an education and improve their skills. In 2017, the foundation provided scholarships to 11,283 students, including 4,168 orphans, through its various scholarship programs. Additionally, the foundation established 15 libraries in schools and distributed more than 5,000 books to students in need.
Health Programs
The foundation's health programs focus on providing medical treatment and assistance to those who cannot afford it. In 2017, the foundation provided medical treatment to more than 41,000 patients in 26 different health facilities across the country. Additionally, the foundation distributed more than 23,000 hygiene kits and conducted health education and awareness campaigns for more than 15,000 people.
Livelihood Programs
Zakat foundation™ Indonesia's livelihood programs aim to empower the underprivileged by providing them with training and resources to start their own businesses or find employment. In 2017, the foundation provided vocational training to more than 4,500 people and helped more than 1,400 people start their own businesses through its microfinance program.
Social Welfare Programs
The foundation's social welfare programs aim to provide assistance and support to vulnerable communities, such as orphans, the elderly, and people with disabilities. In 2017, the foundation provided assistance to more than 2,000 orphans and distributed more than 20,000 food packages to needy families during Ramadan.
Financial Performance in 2017
The Zakat foundation™ Indonesia annual report for 2017 also provides a detailed overview of the foundation's financial performance during the year. The foundation's total income in 2017 was IDR 232.2 billion (approximately USD 16.4 million), with Zakat collections accounting for 97.8% of this income. The foundation's total expenses for the year were IDR 207.6 billion (approximately USD 14.7 million), with program expenses accounting for 89.3% of these expenses.
The foundation's financial statements also show that it maintained a healthy financial position throughout the year. The foundation's net assets at the end of 2017 were IDR 76.9 billion (approximately USD 5.4 million), with no outstanding debt or liabilities.
Conclusion
Zakat foundation™ Indonesia's annual report for 2017 demonstrates the foundation's commitment to
