Volume 1 / April 2000

• Letter from the chairman
• The year 2000 budget
• EDF News

Letter from the Chairman

Dear contributors and friends, I'm pleased to inform you that the Entrepreneurial Training Foundation (EDF) was officially registered in late 1999. Since we last corresponded, we have developed EDF's business plan and established its priorities. An executive board was formed upon incorporation and was lately joined by reputable businessmen with philanthropic inclinations, as members. We are selectively looking to add more members, particularly accomplished women.

The year 2000 business plan was carefully prepared to meet the requirements of the youth in rural areas, where socio-economic development is much needed. The first training program was actually recently started in the Western Beqaa-Rashaya region, with a lot of enthusiasm. Contacts with various local and international NGO's was initiated in order to introduce and promote the foundation's mission, establish the basis for cooperation with such foundations as well as seek financial support for our programs.

As you know, our aspirations at EDF are to develop successful entrepreneurs in Lebanon, to start, then grow this capability regionally for the betterment of the youth and their future prospects in the Arab World. This newsletter will be published quarterly to inform you of the relevant developments and progress made by the foundation. To this effect, you're constructive feedback would be welcomed to introduce improvements to its contents. EDF was created for the betterment of our future generations and it would not have been possible without both your moral and financial support, which you are to be admired for.

Thank you again and may we collectively succeed in this humanitarian endeavor.

With kind regards,

Nabil G. Sawabini
Chairman

The Year 2000 Budget

Expenditures
Training Program Salaries - Trainers & coordinators Accomodation - Students Instructional material & equipment Transportation Contingencies Sub Total	$ 28,000 32,000 12,000 2,000 6,000 $ 80,000
Loans Program (Financial Support) Loans Sub Total	$ 120,000 $ 120,000
Administrative Costs Office Expenses Salaries Sub Total	$ 20,000 54,000 $ 74,000
Total	$ 274,000

Contributions and other revenues
Membership Fees Interest on Deposits Interest on Loans Amounts raised in 1998/9 but not spent Sub Total	$ 2,200 5,000 12,000 210,000 $ 229,200
Pledges Targeted contributions for the year 2000 Sub Total	$ 45,000 200,000 $ 245,000
Total	$ 474,200

EDF NEWS

Registration
The Entrepreneurial Training Foundation was duly registered in late 1999 as a non-profit organization under registration number 72/AD.

EDF Premises
The Foundation started operating from its new offices in August, 1999. The Foundation's address and coordinates are as follows:
Estral Center, 7th floor, Hamra Street, Beirut - Lebanon.
Tel: 01-751354 Fax: 01-751355
E-mail: edf@edf-lebanon.org

Contact with local and international NGOs
In order to obtain financial and technical support, EDF has been establishing contacts with various local and international NGO's to introduce and promote the foundation's programs and discuss potential means of cooperation. Meetings with representatives of international NGO's have been encouraging. Follow up and regular updating about EDF, its programs and achievements, will be conducted with recently contacted foundations and others who could be of assistance.