The 2008 Financial Times Seasonal Appeal has helped raise £144,000 in the UK for the charity WaterAid. From November 2008 to mid-January 2009, FT published a series of a field stories on WaterAid projects in Bangladesh, Nepal, Mali and Ghana.
In her letter of thanks, WaterAid’s chief executive Barbara Frost also briefly reflected on the impact of the recession on her organisation. “The most immediate impact for WaterAid has been the fall of around 27 per cent in the value of sterling against the US dollar, hugely reducing the purchasing power of our funds”, she said.
Another sign of the recession might be the fact that the previous FT appeal had raised considerably more money: “over £2.2m in the last two years for Camfed International, which supports the education of girls in Africa”.
According to its 2007-8 financial review, WaterAid’s income was £40.3 million of which £23.1 million went to WASH projects in developing countries and £4.3 million to sector advocacy.
Source: Barbara Frost, Financial Times, 24 Jan 2009