N E W S L E T T E R O F A C C I O N I N T E R N AT I O N A L S P R I N G / S U M M E R 2 0 1 0
Eduarda Rodriguez watched helplessly as her livelihood went up in an ominous tower of flames. She had been slowly building up her market stall business in this back corner of the Mercado Huembes in Managua, Nicaragua for over a decade.
of an earthquake in Haiti, a market fire in
Nicaragua, a famine in Sub-Saharan Africa or a tsunami in South Asia, those who have the least usually stand to lose the most. In a matter of minutes, homes are swept away, businesses are reduced to
The vegetable stall, though humble, was the lifeline that supported Eduarda and her nine children. And, just like that, the fire reduced it to a bed of smoldering embers.
As we witnessed in Haiti this year, calamity often lurks just around the corner for the 2.7 billion people worldwide living on less than $2 a day. Whether victims rubble and dreams of a better life go up in smoke.
Microfinance is not emergency aid. However, it is well-positioned to be a source of support and stability to people who live in poverty after they endure a disaster.
ACCION’s 23 partner microfinance institutions are firmly established in some
(Continued on page 2)
Germania Tocagón Peña and her husband, Ventura, plant, harvest and sell 135,000 strawberry plants on rented land overlooking the San Pablo
Lake near Otavalo, Ecuador.
Though hail storms occasionally threaten their carefully tended crops, Germania and
Ventura feel secure because of the relationship they have cultivated with ACCION partner microfinance institution
CREDIFE.
INSIDE THIS ISSUE
◗ Scaling Up 3
◗ From the Field:
Alexandra Shaw 4
◗ Spotlight on Our Supporters:
Judy Saryan 5
◗ In the Streets and Markets 6–7
◗ Thanks to Our Friends 8–11 www.accion.org

( Continued from page 1) of the world’s poorest communities and can quickly mobilize assistance to their combined 3.3 million clients when disaster strikes. And microfinance isn’t going away—sustainable by design, it provides a permanent stream of responsible financial tools.
Increasingly, the microfinance institutions ACCION builds and supports can offer clients financial safety nets to help them deal with disasters in a diversity of ways—including with grants, microcredit, interest-earning savings accounts, insurance policies and remittances services.
Following the January earthquake in Haiti,
ACCION’s longtime partner microfinance organization, SOGESOL, quickly mobilized its staff to search for clients in affected areas. Walking the devastated streets of
Port-au-Prince, Leogane, Petit-Goave and Jacmel, SOGESOL staff located each surviving client and helped them assess the damage to their home and business.
Leveraging relationships with international partners like ACCION, SOGESOL was then able to issue grants to clients to facilitate the rebuilding process.
Microfinance has a role to play in helping people deal with calamity in other, subtler, ways as well. ACCION and other microfinance providers are pioneering the delivery of savings accounts to
Eduarda Rodriquez of Managua, Nicaragua shows off her wares of corn, rice and beans.
She lost her first market stand to a fire several years ago. With the help of ACCION partner
Financiera FAMA, Eduarda has restored her business and now earns more than before. people who have never before had access to a safe, secure place to store their earnings.
To help bring savings accounts to millions more people, ACCION has initiated a sweeping new program, supported by a
$5 million grant from the Bill and Melinda
Gates Foundation, that will extend savings accounts to more than one million people in Latin America within the next five years.
We have also invested heavily in the emerging area of “micro”insurance. Offering health, life, crop and a variety of other types of insurance policies that start as low as $1 per month, microinsurance providers are proving that the poor are worth insuring, that they are capable clients and that the demand is there.
For our part, ACCION has invested millions in ParaLife, a microinsurance holding company that specializes in providing insurance policies to low-income and disabled people, and LeapFrog Investments, the world’s first microinsurance fund for companies that insure people living with HIV in Africa.
Over the last six years, ACCION has also studied the impact that remittances, or money transfer services, can have among the world's poor in times of need. Remittances represent a significant amount of resources in poorer countries: In 2006 immigrants in the United States sent more than $300 billion to family members in Central and South America. Sending money via a microfinance institution allows recipients to leverage funds and
◗ 2 V E N T U R E S Spring/Summer 2010

take advantage of other financial products—such as savings accounts, home improvement loans, and microinsurance— that can serve as safety nets for the poor.
When particularly hard times hit, the world’s poor need all the assistance the local and global communities can raise. We at ACCION recognize the unique role that microfinance has to play and are committed to making sure people have a place to turn for responsible and reliable financial services when they need them most.
Thankfully, Eduarda’s story did not end with her and her family living in destitution. Financiera FAMA, ACCION’s partner microfinance institution in Nicaragua, was quick to step in after the market fire that destroyed her stand. They offered her an emergency microloan that she applied, along with her tenacity and ingenuity, to restore her business to profitability and move forward toward a better future.
For more information about ACCION's work around the globe, visit www.accion.org.
S C A L I N G U P
There are entrepreneurs, and then there are, well, entrepreneurs . Sukumar Pal, Mumbai fishmonger, falls squarely into the second category.
One could easily miss Pal altogether. He reaches maybe 5’4” in his bare feet, which glisten with the silvery, coin-sized fish scales lying scattered across his workspace. That space is a plastic-tarp-covered, open-air stall on a crowded market street that reverberates with the whines and beeps of motorbikes and ‘auto-ricks’. If the noise doesn’t distract, the 95 degree heat will, or the malodorous smells, or the mud underfoot. And to miss Pal would be a shame, because he stands as an exemplar of self-improvement.
Every morning at 4:00 a.m., Pal makes a 25-minute trip by taxi or auto-rick to the city’s central fish market, where he purchases more than 400 lbs of fish, in as many as 10 to 12 varieties. Then he returns here to sell it—not in one, but in no less than three, separate stalls. He employs six men to help him. And he has done this every day, seven days a week, for the last 18 years.
Not long ago, the fish seller heard about small loans offered by ACCION partner Swadhaar FinServe in India. And for the first time in his life, he borrowed some working capital—
13,000 rupees, or about $285. He wanted it for what he calls
‘rolling the inventory’—buying in bulk.
A handful of studies have recently emerged that question the ability of microfinance to solve the problem of poverty.
But as ACCION’s own Elisabeth Rhyne has said, microfinance does not claim to singularly cure the world’s poverty ailments; the objective, rather, is to include otherwise ignored people in the financial sector of their country, allowing society to take advantage of what society has to offer.
Sukumar Pal would no doubt agree. Access to finance not only allows him to expand beyond the six men he currently employs, but it also helps him pay the 25,000 rupees (approx.
$540) per month in school fees required to send his three children to an English-speaking school. And that, as everyone in modern India knows, is a key to many doors.
To meet more microentrepreneurs, visit www.accion.org
www.accion.org
3 ◗

V O I C E S F R O M T H E F I E L D
It’s 6:00 a.m. on February 3rd, and I’ve just arrived in a slum of Patna in Bihar—famous for being one of
India’s poorest states, but also the place of Buddha’s enlightenment. Photographer John Rae and I reach the door of local entrepreneur Sushma Devi, who opens it and welcomes us warmly into her house. As she ushers us into the bedroom that sleeps all five members of her family, her three cows moo at us, bristling in the tiny house. Once settled, Sushma proudly explains how a loan of 5,000 rupees ($114) from ACCION partner Saija
Finance has enabled her to expand her business—to buy a buffalo and increase her milk sales and income.
Over the course of the next two weeks, I interviewed
17 other microentrepreneurs like Sushma—clients of ACCION partners Saija Finance, in Patna, and YES
SAMPANN and Swadhaar FinServe, in Mumbai. They ranged from women fish sellers who started work at
4:00 a.m. to men who pedaled wagons loaded with luggage 30 kms a day. All worked hard, determined to improve their lives and create a brighter future for their children. And each was succeeding with a little help from microfinance.
While India is making tremendous economic progress, millions of people in this country of over one billion are still stifled by a lack of opportunity. While I have seen poverty elsewhere—in my previous travels for ACCION to the slums of Brazil, the markets of Nigeria and the
Alexandra Shaw, Communications Manager for ACCION, talks with clients of Saija Finance in Patna's wholesale fish market, in February.
streets of Tanzania—nothing quite compares to the poverty in India. Millions of Indians live hand to mouth, barely making ends meet in the lowest of circumstances.
But access to basic financial services that most of us take for granted, such as loans, insurance and savings accounts, is empowering India's marginalized people to work their way out of extreme poverty and face their futures with pride.
A week after meeting Sushma, I interviewed Abdul Hamid
Mohamadsharif, a client of YES SAMPANN. ACCION staff had met Abdul two years ago when he was first starting his tailoring business. Since then, he told me, he has doubled his business and expanded from tailoring wedding garments to making women's undergarments, enabling him to better invest in his family’s well-being.
Back in Sushma Devi’s neighborhood, the streets have woken up and are erupting in a kaleidoscope of color and a cacophony of sound: Women in brightly colored sarees swish past us, while a cow squats in the road, unperturbed by the buzzing stream of auto-ricks. Microfinance is buzzing here, too, in India, and ACCION’s work is helping spur it on. In the land of Buddha’s enlightenment, I feel humbled, gratified, inspired.
◗ 4 V E N T U R E S Spring/Summer 2010

staff, their friends and their family members. While some of the teams chose more challenging bike routes, others designed routes that were fun and leisurely. There were also opportunities for people who couldn’t ride to get in on the action by
Judy Saryan used to suffer from back pain—pain so gripping that it kept her off her bicycle for years. Then, she heard about ACCION’s MicroBike 2009 event.
Motivated to saddle up once more, the
Eaton Vance investment fund manager set out with a team of her co-workers one beautiful Sunday in October to “pedal against poverty” through Boston’s historic
Emerald Necklace.
Earlier last year, Judy and a few of her colleagues at Eaton Vance formed the
“Making a Difference” team. Their goal was to promote volunteerism and philanthropy among the company’s employees. “It’s a hallmark of Eaton
Vance that we want to be involved in our communities,” she explains.
fundraising, organizing events and cheering on the riders. “One of the greatest things about MicroBike,” she says, “is that people can choose how they want to participate.”
Shortly thereafter, Judy learned about the
ACCION MicroBike program. She recalls thinking, “It was a natural fit. One of the things that excited me most about
ACCION was, here you are right in Boston, a leader in microfinance, and here also is Eaton Vance, a leader in finance.”
Following the participant-directed
MicroBike model, Judy organized a dozen teams of riders comprised of Eaton Vance
In the end, Judy and her co-workers raised a total of $31,000 to support ACCION’s work around the globe. Now Eaton Vance is carrying the momentum of MicroBike forward—Judy is already gearing up to organize another cadre of riders for this year’s event. And, notes Judy, the Micro-
Bikers carry the spirit of teamwork and accomplishment through their work at
Eaton Vance: “It was a wonderful opportunity to relate to people in a different way. When I see my co-workers who participated, I now have a special connection with them.”
To learn how you can get involved in MicroBike
2010, visit www.microbike.org.
Judy Saryan, pictured here with an Eaton Vance colleague during their “microride” through
Boston's Emerald Necklace last October.
Judy Saryan and other Eaton Vance MicroBike participants present a check for $31,000 to ACCION at a ceremony in November.
www.accion.org
5 ◗

I N T H E S T R E E T S A N D M A R K E T S
Earlier this year, ACCION’s Center for Financial
Inclusion, along with its microfinance industry partners, launched The Smart Campaign, a global effort to unite microfinance leaders around a common goal: to institute client protection in all that they do in order to better serve clients and to strengthen the microfinance industry. The Smart Campaign promotes the premise that protecting clients is not only the right thing to do, it’s the smart thing to do. You can endorse the campaign and show your commitment to keeping clients at the forefront of microfinance at www.smartcampaign.org.
ACCION announced in February that Brazilian
President Luiz Inácio Lula da Silva has approved its application to establish ACCION Microfinanças, a new microfinance organization in the state of Amazonas in Brazil’s remote northern region. ACCION Microfinanças will begin operations in Manaus, the largest city in Amazonas, with plans to extend services to cities throughout Brazil’s northern region. The northern region, comprised of seven states with a total population of about 14.7 million, is home to an estimated 1.9 million microentrepreneurs, only 8 to 10 percent of whom have received any kind of loan from a bank or microfinance organization. It was in Recife, Brazil that
ACCION first pioneered the concept of microlending, in 1973.
Following the devastating earthquake in Haiti in January, ACCION mobilized its base of supporters to raise funds to help Haitian microfinance partner, SOGESOL. ACCION made an initial gift of $50,000 to SOGESOL in February and has since enacted a comprehensive plan to support the MFI over the long-term. SOGESOL, a leading commercial microfinance institution in the country, is using the funds to extend grants to its low-income clients so that they can begin restoring their businesses, homes and lives. Thank you to all of you who contributed to the fund and extended your hearts to the microentrepreneurs of Haiti.
◗ 6 V E N T U R E S Spring/Summer 2010

ACCION’s Africa Hub and Training Center, opened in Accra, Ghana in late 2008, has been busy hosting training programs for microfinance staff over the past year. As one of ACCION’s
Global Training Centers, the program delivers training in lending methodologies, management, governance and best microfinance practices. The multi-level training programs are designed for ACCION staff, the staff of microfinance institutions, as well as individuals with influence in the sector, such as regulators and industry association officials. Last year, the
Ghana-based Global Training Center prepared dozens of men and women to head out into the streets and markets and expand the reach of microfinance throughout the region.
Late last year, ACCION invested big in small loans for some of the poorest people on the planet. ACCION’s newest Indian microfinance partner, Saija Finance, is based in Bihar in northeastern India. Bihar is one of the poorest states in India and has traditionally been deemed too risky for microfinance. ACCION thinks differently: Since the partnership began in November, Saija’s numbers have been mounting rapidly, and the institution currently serves over 7,000 clients with a near-perfect repayment rate. Over the next four years, Saija plans to expand from group lending to individual lending and offer all clients microinsurance, remittances and financial literacy training.
In February, ACCION proudly inaugurated
ACCION Microfinance China (AMC), the first foreign-funded microcredit company in Inner
Mongolia and only the second in China. Though
China has emerged as an economic powerhouse, income disparity in the country remains striking and 40 percent of China’s population lives below the poverty line. AMC, ACCION’s first majority-owned enterprise, will provide an important avenue of support for small entrepreneurs in Inner Mongolia. Over the next five years, we expect to provide working-capital and fixed-asset loans starting at $150 to thousands of small and medium-sized enterprises in both urban and rural communities.
For more information about ACCION's work around the globe, visit www.accion.org.
www.accion.org
7 ◗

Contributions received between July 1, 2009 and
December 31, 2009
Leadership Circle
($100,000+)
Anonymous
Donna Dubinsky and
Leonard Shustek
The Estate of Estelle
Smucker
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Elizabeth Conant and
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Jack and Laurie Corkey
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Rebecca A. Dowdakin
Camille Dull
Robert Erck
Marlynn M. Feasel
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Bruce and
Brigid MacDonald
Mark S. McConnell
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Wendy Belluomini
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Paul D. Cadwallader
Lorene W. Chang
Paul W. Chemnick
Yi-An Chen
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Anne Clotfelter
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William Cummings
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Mike Dooley
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Richard Dumler
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Kaylene Farley
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Natalie Wexler
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Amie Perl
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Sally S. Greenleaf
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Renata Hahn-Francini
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Gary Wolff
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James and Judith Healey
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Jane Wojick
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Jeff Hewitt
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Don and Bonnie Howard
Jerome Hurwitz and
Lois Butler
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Consuelo and
John Isaacson
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James and Nancy Janney
Monwhea Jeng
Karen E. Jones
Barbara A. Kelley
Jerry Kickenson and
Kathleen Michels
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◗ 8 V E N T U R E S Spring/Summer 2010

Steve and Evelyn Knaebel
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William Ryan and
Anjelica Pearman
Susana Saldaña Sánchez and Richard Lorant
Michel Santerre
Paul J. Saunders
George Sautter
Carol R. Schaffer
Jonathan Schaffzin and
Melissa Benzuly
JoAnn Schwartz
Jay and Karen Shapiro
John and Martha Shaw
Ross and
Kathleen Sherbrooke
Eraj Shirvani
Harold and Jane Shute
Mary Singer
Janet Sitchin
Ariana and Eric Sophiea
Karen A. Stark
Herbert E. Steele
Randal and Deborah Styka
P. R. Sundaresan
Jacueline Swat
Gail W. Taylor
Robert and Bonnie Temple
Neeza Thandi
Raffaella A. Torchia
Lemonia Tsoflias
Pauline Vu
Niel Wald
Chris Walker
Lelon and Jean Weaver www.accion.org
9 ◗

Lawrence Weschler
Lora L. Western
Michael O. Willson
Katarzyna Witkowski
Kerrilee Wong and
Thomas Toay
John and Barbara Woods
Pamela G. Wrigley
Lisa L. Yale
Maxwell Young
Sustainer’s Society
Anonymous (25)
Miriam Adlum
James and Randi Aguiar
Robert R. Ammerman
Jordan J. Arbit
Darrell and Laurel Batson
Anne Baum
Janet M. Bendann
Alberto Bernhardt
Vincent J. Bertino
Peter Bevan
Adam J. Boltz
Jane Bonwell
Daniel F. Bostwick
Jean-Christian Bourcart
Dawn S. Bowen
Mary Bower
H. Leon Bradlow
Erin Branagan and
Sergio Kakehashi
Devin Branstetter
Robert Brown
Deborah D. Buffton
Carole L. Burger
Jacqueline Burnett
Patty A. Cabot
Kimiye Cabrera
Traci and Dan Calabrese
Jane F. Campbell
Betsy S. Card
Jonathan Cheetham
Paul Civili and Mary Hart
Edward H. Coburn
Richard Conn
Katherine M. Conover
Betty Dearborn
Walter Denley
Sandra Detwiler
Richard H. Diamond
Leah and Kenneth Dick
Eileen Dicks
Stephen D. Dictor
Mary Doerr
Jeane J. Doncaster
Alice Doppler
Nellie Dorn
Don and Jan Downing
Sandra J. Downs
Francois Duboucheron
Margaret Eberbach
William Elsey
Jason Erickson
Wes G. Ernsberger
Jill Evensizer
Keitha Farney
Kathryn Feig
Mark Fernquest
Maribel Finley
Judith Flynn
Stephanie Foizen
William Forbes
Tim Foulkes
Dennis and Carol Friedman
William Frohn
Maxine and D. A. Fuller
John Fulton
William R. Garner
Ilse Gay
Daniel Gilgoff
Mary L. Glatt-Banks
Lief Godlin
Aruna Goel
Gerard J. Goodman
Catherine Grant
Glen Grayman and
Karla Rodine-Grayman
Vickie and Gary Greaves
Cami Grover
Michael and
Barbara Gruber
Ira P. Gunn
Julio Gutierrez
Kenneth and
Carolyn Hafner
Barbara Hale-Seubert
Seymour Hanan
Ellen Hanley
Judith Harris
Nathan Hatch
Ryan and Danelle Heatwole
Thomas F. Heck
Ruth and Carol Heimer
Robert Heinz
Jonathan Hera
Nancy Houk
Mary Hudgins
Jacques F. Jacobson
Andres Jatombliansky
Ellen Johnson
Diana Keegan
Jonathan Kimmel
Janet and Alvin King
Wayne and M. Lynn Kinney
Robert and Jean Kline
Eric Klootwyk
Elisabeth and
Kenneth Kraft
Yves and Carol Kraus
Kendra and Phillip Krolik
Frederick and
Emily Kunreuther
Peter Lane
David Langford
Sarah Ortiz
Angeline Pappas
A. G. Parks
Andrew A. Patricio
William and Mary Jo Peters
George Peterson
Mary M. Printzenhoff
Karla Reed
William Reichert
Billie Jo Richards
Michael Rinaldi
Charles Robinson
Fran and Maura Roby
Heather A. Rodin
David Roscoe
Cassidy Rowland
Nancy Rudolph
Glenn and Sharon Ruppel
J. Rusciolelli
Michel Santerre
Calvin L. Satterfield
Linda Schreiber
Martha K. Schuh
JoAnn Schwartz
Connie Segal
Gregory and
Josephine Shaya
Evelyn H. Sheltrown
R.L. Shoemaker
Johanna T. Sizick
Sandi Skeckowski
Christopher Lee
Edward Lesen and
Clarice Pollock
Daniel Lew
Eileen D. Logan
Greg and Marlene Looney
Robert Loucks
Judith Luckow
Jane W. Lusk
George and
Beatrice Luthringer
Susan Martin
Betty A. Mazzoni
Diane L. McAvoy
Margaret J. McComas
Alisa and Josh Meggitt
Luis Mendoza
John Messenger
Bill Messerschmidt
Jesper J. Michaelsen
Steven P. Millard
Steven and Rhonda Miller
Roger Miller
Meg Milligan
Mary D. Moon
Ariel Morgenstern
Alisha Moseby
Terrence Mucha
Jeffrey and Trisha Murawski
Robert and Jana Norton
Ellen Oppler
Darrell Smith
Emil Smith
David R. Southern
Robert Spande
Matthew J. Spence
Naomi L. Stern
Kevin M. Stoner
Beverly J. Sutton
Kathleen A. Sweet
Loyola Sylvan
Paul Tice
Nancy T. Trimble
Altagracia Trinidad
Mario Valladares
Jordan VanderLaan
Paige Varney
Benjamin Viemeister
Pauline Vu
Lelon and Jean Weaver
Donn Weaver
Margaret Welin
Coralie Wells
Barbara Wendt and
Larry Lomax
James White
Leslie Wilbur
Tonia Willekes
Jo Ann Williams
Enery Williamson
Murray B. Wilson
Catherine Youngen
T. G. Zimmerman
Recife Society
Anonymous (2)
Andres Acedo and
Belinda Barrington
Ronald and
Patricia Anderson
James Bellevue and
Elena Lipkowski
Albert Bildner
Mark and
Margaret Burgessporter
Lynn Caporale
Carol Cavanaugh
Roger and Shirley Conant
Russell and Carol Faucett
James and Ruth Frank
Emily Garlin
Gilbert W. Glass
Robert and Ellen Gordman
June E. Heilman
Roy Jacobowitz and
Roberta Moss
Keith and
Adine Kretschmer
Wendy and
Stanley Marsh 3
Caroline Ramsay Merriam
Richard and Linda Miller
Thomas Nagle and
Leslie Haller
Mila Reyes-Mesia
Abigail Rome
Norman Rose
Robert and Sibylle Scarlett
Josie Sentner
George and
Barbara Lou Smyth
Irene G. Steiner
Nancy S. Truitt
Gary A. Winter
Institutions
$100,000 and above
Citi Foundation
Credit Suisse Group
Bill & Melinda Gates
Foundation
Inter-American
Development Bank
MasterCard Foundation
Netherlands Development
Finance Company (FMO)
Visa International
Institutions
$250 - $99,999
Anonymous (5)
Academy for Educational
Development
ACCION Investments in
Microfinance, SPC
J.C. & S. Adams Fund of the Community Foundation of Jackson Hole
The Barrington
Foundation Inc.
Bridgemill Foundation
Cascade Foundation
Christ United Methodist
Church
Cumming Foundation
The Dawe Family
Foundation
Deutsche Bank Americas
Foundation
The Doehring Foundation
Duff & Phelps, LLC
Eaton Vance Management
ECLOF International
Faucett Family Foundation
David and Hilda Fins
Family Foundation
John and Mary Franklin
Foundation, Inc.
Frenzel Foundation
Rollin M. Gerstacker
Foundation
The Glickenhaus
Foundation
Green Cay Asset
Management
Honeybee Foundation
The Immaculata Parish
◗ 1 0 V E N T U R E S Spring/Summer 2010

International Finance
Corporation
Jambo International Center
The Irving & Alwyn Johnson
Family Foundation
Lautman, Maska,
Neill & Company
The Lifshutz Foundation
The David and
Katherine Moore Family
Foundation
The Vincent Mulford
Foundation
The Hilda Mullen
Foundation
The Nararo Foundation
The Nordemann
Foundation
North Community Church
Palmer Walker Foundation
L.Q. Pang Foundation
The Carol Pfleiderer Fund
Robert and Helen Reedy
Family Fund
The Rumsfeld Foundation
Sarita Kenedy East
Foundation, Inc.
Seedtime Fund, Inc.
Albert & Lillian Small
Foundation
Charles Spear Charitable
Trust
Sprayregen Family
Foundation, Inc.
The Spurlino Foundation
St. Brendan the Navigator
Episcopal Church
Roger and Susan Stone
Family Foundation
The Stone Soup Fund
Stuart Family Foundation
Sundance Pay It Forward
Foundation
Support Programme for
Enterprise Empowerment and Development
(SPEED)
Symbiotics
The Thanksgiving Fund
The Tides Foundation
Trull Foundation
Unitus
Walter and Alice Abrams
Family Fund
Wallace Global Fund
Weiss Fagen Fund
David F. and
Sara K. Weston Fund
Yusko Family Foundation
Donor Advised Funds,
Matching Gift Organizations & Workplace
Giving Programs
American Endowment
Foundation
American International
Group Inc.
America’s Charities
The Amgen Foundation
Austin Community
Foundation for the
Capital Area
Ayco Charitable
Foundation
Bank of America
Becton, Dickinson and
Company
Bergen County United Way
The Boeing Company
The Boston Foundation, Inc.
Catholic Community
Foundation
The Community Foundation of Jackson Hole
Community Foundation of New Jersey
The Community
Foundation, National
Capital Region
Dell Direct Giving Program
Eaton Vance Management
Edison International
Electronic Arts Inc.
Ernst & Young Foundation
ExxonMobil Foundation
Fidelity Charitable Gift Fund
Fiduciary Trust Company
The Foundation for
Enhancing Communities
GE Foundation
Global Impact
Goldman Sachs
Hewlett-Packard
Huron Consulting Group
I Do Foundation
ING Foundation
International Business
Machines
Jewish Communal Fund
Jewish Community
Endowment Fund
JPMorgan Chase & Co.
JustGive.org
King County Employee
Giving Program
KPMG
The Liberty Mutual
Foundation
Lutheran Community
Foundation
MasterCard International
The Merck Company
Foundation
Microsoft Corporation
Midland National
Morgan Stanley
Network For Good
Oracle Corporation
The Pew Charitable Trusts
The Pfizer Foundation, Inc.
The Regence Employee
Giving Campaign
The Grace Jones
Richardson Trust
Sacramento Region
Community Foundation
The Schwab Fund for
Charitable Giving
The Standard Employee
Community Campaign
State Employees’
Community Campaign
The T. Rowe Price Program for Charitable Giving
The Tides Foundation
Tyco Electronics
United Jewish Federation of Greater Pittsburgh
Foundation
United Way California
Capital Region
United Way of
New York City
United Way of
Rhode Island
Vanguard Charitable
Endowment Program
World Bank Community
Connections Fund
Xcel Energy
SECURING BRIGHTER FUTURES. PASS IT ON.
You can easily make a long-term commitment to helping people work their way out of poverty by naming ACCION in your will or trust and becoming a member of our
Recife Society.
Besides giving hardworking people and their families a hand up out of poverty, supporting ACCION through a planned gift offers you great tax benefits too.
We invite you to learn more about how to join this inner circle of dedicated ACCION supporters by contacting Heidi
Eagles, ACCION’s Planned Giving Officer, at (617) 616-1577 or heagles@accion.org.
Regardless of the size or manner of your planned gift to
ACCION, you can make a difference in the lives of millions, well into the future.
Nancy Truitt, ACCION Recife Society Member.
www.accion.org
1 1 ◗

J O I N U S !
Then it’s time to dust off your helmet, step outside and saddle up. That’s right, get ready to pedal against poverty this fall with MicroBike 2010!
Visit www.microbike.org for details and the latest news. Registration opens in May.
PHOTO CREDITS
Pages 1, 3, 4, 6, 7: John Rae for
ACCION International
Page 2: Rohanna Mertens for
ACCION International
Page 6: Associated Press
Back cover: Ellen Bauer
ACCION International
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