A CENTURY OF SERVICE 2005 ANNUAL REPORT

MISSION OF THE AMERICAN RED CROSS The American Red Cross, a humanitarian organization led by volunteers, provides relief to victims of disasters and helps people prevent, prepare for and respond to emergencies.

FUNDAMENTAL PRINCIPLES OF THE INTERNATIONAL RED CROSS MOVEMENT Humanity | Impartiality | Neutrality | Independence Voluntary Service | Unity | Universality

AMERICAN RED CROSS IN GREATER NEW YORK Now in its 100th year, the American Red Cross in Greater New York helps nine million people in New York City and Orange, Putnam, Rockland and Sullivan Counties avoid, prepare for and respond to emergencies.

The largest Red Cross Chapter in the United States, our 5,000 dedicated volunteers and talented staff provide immediate aid to more than 70,000 people affected by nearly 3,000 emergencies a year – from fires and floods to building collapses and blackouts. The Chapter also helps more than 100,000 New Yorkers a year prepare for emergencies through outreach programs and lifesaving training classes in CPR, First Aid and Water Safety.

In 2005, the American Red Cross in Greater New York celebrated our 100th birthday. We’re proud of where we’ve come from, how much we’ve done, and more importantly, where we are headed. –William Gray, Chairman

CONTENTS Chairman’s Letter

2

CEO’s Letter

3

A Helping Hand

4

Preparing New Yorkers

8

Area Offices

11

MDA Moves Closer to Membership

12

Valuing our Volunteers

14

Armed Forces Emergency Services

17

Building for the Future

18

Thanking our Supporters

20

Celebrating our Centennial

22

Centennial History

24

2005 Donors

38

Financial Reports

45

Leadership

55

Note: This report covers fiscal year July 2004 to June 2005.

Dear Friends of the Red Cross: In our Centennial year, I remain grateful for the opportunity to serve as the Chairman of the Board of Trustees of the American Red Cross in Greater New York. I would like to thank my dedicated colleagues on both the Chapter Board and Area Office Advisory Boards whose leadership and insight has guided the Chapter through one of the most significant years in its history. The Red Cross faced unprecedented challenges, challenges that the organization met with characteristic professionalism and resourcefulness. As you read through our 100th Annual Report, with its special Centennial History section, I hope you will get a sense of how far we have come, how much we have achieved and how optimistic we are about our future.

letter from the chairman

I am grateful to our CEO, Theresa A. Bischoff, under whose able leadership our Chapter made great strides in strategic planning, operational efficiency and outreach initiatives.Terry has made us a stronger organization and a key partner in our region’s broadening preparedness efforts. I would also like to recognize the outstanding team of Senior Managers that Terry has assembled. Scott Graham, Richard Kane and Rosemary Mackey have infused and rejuvenated the Chapter with their professionalism, enthusiasm, expertise and spirit of teamwork. And I congratulate our resilient and talented staff on a successful year under extraordinary circumstances. Without the generosity of New Yorkers we could not fulfill our mission. I’d like to thank the more than 50,000 individuals and organizations who supported our efforts in the last year. Simply put, we not only appreciate your generosity, we depend on it. I’d also like to thank our 5,000 dedicated volunteers who, day in and day out, give their time, their talent and their hearts. They come from all walks of life, and in turn touch the lives of thousands of people each year. Without them, there would be no Red Cross. Join me in saluting the American Red Cross in Greater New York on its Centennial. With your steadfast support, we will continue to provide aid, comfort, hope and healing to those affected by disaster in the century ahead. With gratitude,

William Gray Chairman, Board of Trustees

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2005 ANNUAL REPORT

Dear Friends: As the American Red Cross in Greater New York celebrates our Centennial year and looks back on the last hundred, we are amazed at how much we’ve accomplished. From the Triangle Shirtwaist Factory fire in 1911 – our first response to a large-scale disaster – to the once-in-a-century floods in the Hudson Valley last spring, we’ve come a long way. We owe a great deal of gratitude to our volunteers, tens of thousands of whom have donated their time and talents over the years to provide our clients with shelter, food and support in times of tremendous need. Others have offered their help to train New Yorkers in vital lifesaving skills, or to teach them how to become prepared for an emergency. Still others helped families of service members sent abroad by transmitting thousands of urgent messages.

letter from the ceo

We are proud to be the largest chapter in the American Red Cross system. And while we serve the five boroughs of New York City as well as residents of Orange, Rockland, Putnam and Sullivan counties, we were repeatedly reminded during the last year that our efforts are critically needed and greatly appreciated outside of those borders. This was particularly evident in the wake of the South Asian Tsunami and the hurricanes that struck the Southeastern States. Our Chapter was responsible for recruiting and training 2,500 new volunteers. We were happy to answer the call by sending 261 trained disaster responders to help provide evacuees with shelter, food, financial assistance and mental health counseling. Here in New York City, we also met the needs of thousands of evacuees who fled the Gulf Coast States and came to our communities. Times like these demonstrate the importance of our mission: to provide relief to victims of disasters and help people prevent, prepare for and respond to emergencies. With the threat of more hurricanes in the years to come and the need to prepare ourselves for such emergencies, the role of the American Red Cross – here in New York City as well as across the nation – is more vital and more significant than ever. On behalf of my colleagues on the senior management team, our dedicated staff and volunteers, I thank you for your continued support and generosity and look forward to your assistance as we embark on our next century of service. Sincerely,

Theresa A. Bischoff Chief Executive Officer

LETTERS FROM THE BOARD

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A HELPING HAND AT HOME & AROUND THE GLOBE

RESPONDED TO 2,907 LOCAL DISASTERS INCIDENTS BY AREA Brooklyn - 924 Queens - 702 Bronx - 522 Manhattan - 442 Orange, Putnam, Rockland and Sullivan - 161 Staten Island - 156 7/04-6/05

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2005 ANNUAL REPORT

The American Red Cross faced exceptional challenges in the past year with unprecedented responses to natural disasters at home and around the globe. Our local Chapter provided volunteers, skilled staff, field leadership and financial resources in support of the Tsunami and hurricane relief efforts. At the same time the Chapter continued to respond to more local emergencies – fires, floods and blackouts – than any other in the United States. The American Red Cross in Greater New York provided food, shelter, clothing, financial assistance and comfort to more than 70,000 people affected by nearly 3,000 emergencies this year.

HELPING HERE AT HOME All of the emergencies the Red Cross responds to, whether they make headlines or not, can have a potentially devastating impact on the lives they touch. In Greater New York, Red Cross staff and volunteers go to an average of eight emergencies a day. Behind every response there is a story as unique as the family that tells it. This year the Red Cross was there for New Yorkers 2,907 times. Whether responding to a fire, flood, building collapse or other type of emergency, Red Cross personnel provide welcome assistance to those affected. On New Year’s Day 2005 a fatal fire in Queens left several families homeless. The Disaster Action Team (DAT) was on the scene almost immediately to arrange temporary housing, clothing and financial assistance and then a caseworker took over to provide emotional support and guide the families through the first steps toward rebuilding their lives. This year the Red Cross found safe-shelter for 4,092 people. In April 2005 the swollen Delaware River flooded several towns in Orange and Sullivan counties. Red Cross workers from nearby Putnam and Rockland Counties were joined by teams from

New York City to provide assistance to the more than 800 families that were affected. This year the Red Cross provided a total of 3,053 families with financial assistance so that they could begin to rebuild after tragedy struck. When a retaining wall at 181st Street and Riverside Drive collapsed in May 2005, Red Cross workers remained on the scene for several days assisting displaced tenants from nearby apartments as well as responders from various local and state agencies. This year the Red Cross provided 9,777 adults and children with food, shelter, or counseling after they had been touched by a disaster and assisted 59,540 people at emergencies.

“The Red Cross is about people willing to sacrifice in an unconditional way. Roads were washed out. Lines were down. Homes were destroyed. But the Red Cross was in place.” Mark Lohr was assisted at a Red Cross shelter after his home was damaged by flooding in Sullivan County.

A HELPING HAND

5

THE TSUNAMI IN SOUTH ASIA “One touch of nature makes the whole world kin.” William Shakespeare As nature wielded her fury around the world, the American Red Cross in Greater New York answered the call.

On December 26, 2004, many families in the U.S. gathered to enjoy each others’ company for the holidays. But on the other side of the world, in South Asia, a tempest was brewing. Triggered by an earthquake under the Indian Ocean, walls of water up to 100 feet high barreled toward the coasts of Indonesia, Sir Lanka, southern India, Thailand and other nearby countries, sweeping away entire villages and separating scores of families. When all was said and done, as many as 275,000 people were estimated to have been killed. But in truth, the final death toll may never be known. Homelessness. Starvation. Poor sanitation. The plight of those affected by the Tsunami generated an international humanitarian response. People from the greater New York area generously opened their hearts – and wallets – to assist those whose lives were turned upside down by this tragedy. The American Red Cross in Greater New York stepped in to help collect funds to help with Tsunami relief efforts. Some stories particularly tugged at our hearts. Like the 7-year old boy who brought in his piggy bank and $40 of his Christmas money to donate to the Red Cross. When asked why he chose to give his money to the Tsunami victims, he simply replied, "They looked like they needed it more than I do." Then there was the 80-year-old man who walked two miles from his home to the Red Cross to drop off his donation. And the two European tourists who made time during their tour of New York City to come by the Red Cross headquarters and donate $100 of their holiday money. And the fifth-graders from P.S. 87 in Manhattan (at left), who raised $750 forTsunami relief through school bake sales. Student Anthony Hagouel said, “I thought that a disaster like this could only happen every 100 years or so, and it was up to us to help these people out.”

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2005 ANNUAL REPORT

THE WRATH OF KATRINA Katrina. The name is of Greek origin and is reputed to mean "pure." But after Hurricane Katrina devastated segments of the Gulf Coast in August 2005, the name took on a whole new meaning. Although outside the one-year scope of this report, we'd be remiss not to mention this storm which triggered the largest disaster response in the history of the American Red Cross. AMONG OUR CHAPTER CONTRIBUTIONS: • Handling more than 19,300 calls to the national Red Cross emergency hotline at our New York Hurricane Call Center • Assisting more than 1,760 families from the Gulf Coast here in New York with housing, meals and mental health counseling • Sending 261 Disaster Services volunteers and staff to the area and training 2,513 new volunteers in three months • Processing more than $30 million in contributions, including nearly $1 million from area offices • Conducting a telethon with WNBC TV just two days after Katrina which raised $2 million from 18,000 individuals and $4.5 million from corporations While the Greater New York chapter is more than a thousand miles away, disasters like Hurricane Katrina remind us of how our efforts are increasingly vital not only to neighbors of the nearby communities we serve, but also our neighbors in spirit. The storm and its aftermath resulted in an outpouring of new volunteers and millions of critical dollars in donations.

• Serving as a credible source to put this unprecedented story in context for local and national media • Hosting press conferences by Senator Hillary Rodham Clinton and NYC Mayor Michael Bloomberg.

"It opened my eyes a little more to know that people are that compassionate in their hearts. To give to people in need. To help them start their lives all over again. Thank you, Red Cross, for all you've done. In my book, you're number one." David Oliver Peter Montana, displaced from New Orleans by Katrina and helped by the American Red Cross in Greater New York.

A HELPING HAND

7

PREPARING NEW YORKERS

TRAINED 129,372 NEW YORKERS TRAINEES PER PROGRAM

A key component of the mission of the American Red CPR/First Aid/AED

70,696

21,689

Lifeguarding/Water Safety

Cross in Greater New York is to prepare New Yorkers for emergencies of every kind. That's why the Chapter conducts a vigorous educational program, year round,

19,948

Community Outreach Programs

in all parts of our region. In the past year nearly 110,000 adults and children took vital Red Cross

Childcare Provider/Pet First Aid Caregiving

11,251

5,788

lifesaving courses in CPR, First Aid, Water Safety and Caregiving and 20,000 more participated in free preparedness training.

7/04-6/05

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2005 ANNUAL REPORT

The American Red Cross knows that every second after a heart attack counts towards the victim’s survival, that blackouts are not scheduled, and that a fire can engulf a home in moments. Disasters do not make appointments, and being prepared is the most empowering step one can take. Last year we helped 129,372 New Yorkers become even more valuable members of their communities. The American Red Cross in Greater New York offers several programs that teach CPR, First Aid and the use of an Automated External Defibrillator (AED) – an electronic device that uses a shock to return a heart back to the proper rhythm. Last year 70,696 people learned these lifesaving skills though our Chapter. However, CPR/AED is just one of the many lifesaving skills that you can learn in a Red Cross class. There are also courses in Babysitter Training, Lifeguard Certification and Water Safety Instruction plus special programs designed just for children like First Aid for Children Training (F.A.C.T.) and Basic Aid Training (B.A.T.). Want to learn how to care for man’s best friend?

There’s even a first aid class for cats and dogs. Last year 17,039 New Yorkers received childcare, babysitter and general caregiving training from our Chapter. The Chapter offers a free, 45-minute emergency preparedness presentation called READY NEW YORK throughout our Area Offices to teach New Yorkers how to create a preparedness plan, build a supply kit, and keep loved ones safe and informed during times of disaster. We also bring our programs to community events, schools and public places throughout the year to reach as many New Yorkers as possible with our life-saving messages. Community Outreach programs educated 19,948 children and adults last year.

"As a child care aid and as a mother, I think it's absolutely necessary to know CPR. At the Red Cross, they have excellent trained professionals. I know I'm in good hands, and I'll be ready with my skills in an emergency." Valdine Bradley, who attended a Red Cross CPR course in Manhattan

PREPARING NEW YORKERS

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EDUCATING THE COMMUNITY HEALTH & SAFETY COURSES FIRST AID, CPR AND AED Adult CPR with AED Adult, Child and Infant CPR Adult, Child and Infant CPR Review Adult, Child and/or Infant CPR Challenge AED Essentials Child CPR with AED First Aid First Aid and Adult CPR with AED (Standard First Aid with AED) First Aid: Responding to Emergencies with EPI Pen Infant and Child CPR New York State Epinephrine Auto-Injection Module (EPI Pen) Sports Injury Prevention and First Aid

CURSOS EN ESPAÑOL Primeros Auxilios Primeros Auxilos y RCP/DEA Para Adultos RCP PARA Niños y Bebés RCP/DEA Para Adultos

COURSES FOR PROFESSIONAL RESCUERS CPR/AED for the Professional Rescuer CPR/AED for the Professional Rescuer Challenge CPR/AED for the Professional Rescuer Review

AQUATICS TRAINING Basic Water Rescue Lifeguard Challenge Lifeguard Management Lifeguard Training Instructor Lifeguard Training with Waterfront Lifeguarding Water Safety Instructor Training

CAREGIVING

Courses are offered frequently throughout New York City and Orange, Putnam, Rockland and Sullivan Counties. Individuals can register at www.nyredcross.org or by calling 1-800-514-5103. All courses can be customized and delivered to companies or organizations on-site or at their location of choice.

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2005 ANNUAL REPORT

Babysitter’s Training First Aid for Cats and Dogs New York State Health & Safety Training For Child Care Providers

INSTRUCTOR TRAINING Babysitter’s Training Instructor Bridging Babysitter’s Training Instructor Course CPR/AED for the Professional Rescuer Instructor Bridging CPR/AED for the Professional Rescuer Instructor Course CPR/AED for the Professional Rescuer Precourse Testing First Aid for Cats and Dogs Instructor Bridging First Aid/CPR/AED Instructor Course First Aid/CPR/AED Instructor Crossover/Re-entry Training Course First Aid/CPR/AED Precourse Testing Fundamentals of Instructor Training (FIT)

AREA OFFICES BRINGING THE RED CROSS TO EACH NEIGHBORHOOD

BRONX 2082 White Plains Road Bronx, NY 10461 718 823-1418 BROOKLYN 100 Pineapple Walk Brooklyn, NY 11201 718 330-9200 MANHATTAN 150 Amsterdam Avenue

SULLIVAN

New York, NY 10023 212 875-2424 PUTNAM

55 Main Street

ORANGE The American Red Cross in Greater New York maintains Area Offices in all five New York City boroughs and the four lower Hudson Valley counties we serve.

ORANGE / SULLIVAN Goshen, NY 10924 845 294-9785 ROCKLAND / PUTNAM

ROCKLAND

Full-time Area Directors manage each office, working in partnership with an Advisory Board whose members are local business and community leaders. Each Area Office collaborates with government officials, BRONX neighborhood and community associations, service MANHATTAN organizations and faith-based groups to coordinate the delivery of Red Cross preparedness and lifesaving training, to recruit and train volunteers, and to QUEENS increase awareness, understanding and support of the Red Cross through special events BROOKLYN and presentations. STATEN ISLAND

143 North Broadway Nyack, NY 10960 845 358-0833 QUEENS 138-02 Queens Boulevard Briarwood, NY 11435 718 558-0053 STATEN ISLAND 1424 Richmond Avenue Staten Island, NY 10314 718 983-1600

PREPARING NEW YORKERS

11

MDA MOVES CLOSER TO FULL MEMBERSHIP IN THE INTERNATIONAL RED CROSS MOVEMENT

They provide lifesaving services to victims of disasters and accidents. They offer first aid and CPR training to the public. They collect, store and distribute blood. They help connect family members who've become separated. And they provide transportation to women in labor, doctors, nurses and medical auxiliary forces to get them where they need to go. They are the Magen David Adom (MDA), Israel's disaster relief organization.

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2005 ANNUAL REPORT

Established in 1930, the MDA is a “first responder,” similar to EMS in New York City. Although their mission is similar to that of Red Cross societies, they are not part of the International Red Cross and Red Crescent Movement. Because they use the star of David as their emblem, MDA has not been allowed to join the International Red Cross. They have been able to observe proceedings of the Movement, but could not vote on them. But that may change very soon. In December 2005, nations of the world amended the Genvea Conventions and established a new neutral emblem – the Red Crystal – an additional protective symbol devoid of political, cultural or religious connotations. “Now Israel and all nations of the world will be able to join together under one recognized universal symbol of humanitarian relief,” said ARC/GNY Board Member Lewis Krulwich, a leading advocate for MDA inclusion in the International Federation. “This is truly an historic step,” said Theresa A. Bischoff, CEO of ARC/GNY. “Our chapter has been working closely with the MDA, and we have established close professional and personal relationships. We are delighted that this vote moves the MDA forward on the path to full partnership with all societies around

the world.” The American Red Cross has considered the admission of MDA to the Movement a policy priority for more than 50 years, and in protest of non-admission, had been withholding its dues payments – now in excess of $35 million dollars – to the International Federation of Red Cross and Red Crescent Societies. The Greater New York Chapter’s relationship with the MDA was formalized in fall 2004 with the signing of a Memorandum of Understanding with the Jerusalem Region as a basis for ongoing collaboration. “There is much our two organizations can and are learning from each other,” said Ms. Bischoff. Staff and volunteers from the American Red Cross in Greater New York have visited the MDA in Israel and the Greater New York Chapter has hosted a number of MDA delegations. A fourperson Greater New York team is currently in Jerusalem on a two-month deployment serving as MDA ambulance responders. In order for MDA to become a full voting member of the Movement, several additional steps need to take place, culminating in a vote by all members of the Federation, now scheduled for June 2006.

“Now Israel and all nations of the world will be able to join together under one recognized universal symbol of humanitarian relief.” Lewis Krulwich, American Red Cross in Greater New York Board Member, shown here during a visit to Israel in November, 2004, has spearheaded the Chapter’s partnership with the MDA.

MDA MEMBERSHIP

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VALUING OUR VOLUNTEERS

The American Red Cross in Greater New York relies on our volunteers to help people plan and prepare for emergencies, provide training in lifesaving skills, assist victims of disasters, connect families, or simply lend a helping hand to members of the community.

To learn more about volunteering for the American Red Cross in Greater New York, call our Volunteer Resources Department at 1-877-REDCROSS, ext. 2068, or visit www.nyredcross.org/volunteer.

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2005 ANNUAL REPORT

It’s not home. It’s not work. It’s somewhere in between. Those who become Red Cross volunteers join a new family. A family with a shared mission: helping others. The American Red Cross in Greater New York relies on our volunteers to help people plan and prepare for emergencies, provide training in lifesaving skills, assist victims of disasters, connect families, or simply lend a helping hand to members of the community. Our volunteers – more than 5,000 strong – get back as much as they give, and often much more. They come to us from all walks of life, and for a variety of reasons. Many want to help after witnessing a major disaster, such as the World Trade Center attacks of 2001 or Hurricane Katrina in 2005. Others wish to donate their professional expertise to benefit members of their communities. And what do our volunteers say they get in return? Satisfaction. Fulfillment. Enrichment. Gratification. A spirit of belonging and giving that keeps them coming back week after week, year after year. The Chapter benefits from a vibrant Youth Volunteer Corps of approximately 1,500 young people from 14 to 18 years of age, representing more than 75 high schools. Youth Volunteers play critical roles in every service area from Disaster Services to Communications. They are especially active in community outreach through Area Offices, staffing Chapter booths at

street fairs and community and civic events. They can also assume leadership positions by serving on an executive board or youth leadership council. In addition, Youth Volunteers organize several annual community programs, including a holiday book and toy drive for homeless children and disaster victims, and even represent Red Cross in athletic and civic events, raising awareness for the Chapter. After a full career as a licensed clinical social worker, Dottie Brier joined the Chapter in 1992, helping to create the Disaster Mental Health Program. Dottie offers counseling to Red Cross clients, volunteers and mental health workers affected by crises and disasters. She practices a type of “psychological first aid” and refers people to follow-up services when necessary. In addition, she teaches the Prepare New York course and helps Public Affairs meet it’s communications needs.

"Working for the Red Cross helps me use my social work skills in a different way and to give back to the community. The Red Cross is the leader in disaster mental health work, and I've enjoyed being part of this program." Dottie Brier has been an American Red Cross in Greater New York mental health volunteer for 14 years.

VA L U I N G O U R V O L U N T E E R S

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2005 VOLUNTEER RECOGNITION AWARDS At the annual Volunteer Recognition Ceremony in June 2005, the following volunteers received special recognition for their efforts: Rick Abbate, Disaster Services Volunteer, Staten Island (at left with Chairman Bill Gray) Clara Barton Volunteer of the Year Award Diane Ryan and Lauren Ginsberg, Disaster Mental Health Partnership Award Cindy Chung, Youth Volunteer Youth Services Award Dorothy Campbell, Disaster Services Volunteer and Administrative Support Support Services Award Maria Sonaly Caro, Health & Safety Instructor Rockland/Putnam Office Health & Safety Services Award Debra Dean, Disaster Services Volunteer (at left) Disaster Services Award Lynda Konecny, Fire and Burn Safety Instructor Community Services Award Louise Hilland, Brooklyn Area Office Fundraising Award Margaret Wyszinski, September 11 Recovery Program Volunteer September 11 Recovery Program Award Chaya Spinner, Aquatics Instructor, Brooklyn Kathryn Walter Stein Award Frank DiCarlo, Language Bank Volunteer Diversity Award Richard Gallis, Disaster Services Volunteer First Year Award Rain Bian and Mandy Leung, Youth Volunteers Youth College Scholarship Award Bilquis Edhi Relief Foundation, Queens (at left) The Good Neighbor Award JetBlue Airways Corporate Community Partnership Award

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2005 ANNUAL REPORT

A VITAL LINK ARC ARMED FORCES EMERGENCY SERVICES (AFES) PROGRAM SERVING MILITARY FAMILIES WORLDWIDE AROUND THE CLOCK AND AROUND THE GLOBE

With thousands of military personnel still stationed in Iraq and other posts around the world, the American Red Cross continues to be the vital communications link between service men and women and their families at home. For twelve months ending on June 30, 2005, ARC/GNY handled 10,482 requests from military personnel and their families. An important part of the Red Cross mission is to keep Americans in touch with their family members serving in the armed forces. This vital work is accomplished through our Armed Forces Emergency Services (AFES) Program. This program is available to all members of the armed services and to their families. Both active duty and community-based military can count on the Red Cross to: • Send messages to service members anywhere in the world, including ships at sea, embassies and isolated military units, with important and urgent news such as announcement of a child’s birth, a loved one’s death, a family emergency • Provide emergency financial assistance in the form of interestfree loans or grants for travel expenses for family members of soldiers. These funds are made available by military aid societies • Verify the health and well-being of a US service member who is stationed anywhere in the world • Counsel service members or family members on how to request a humanitarian reassignment closer to home or a hardship discharge, should adversity arise within the immediate family.

ARMED FORCES EMERGENCY SERVICES

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BUILDING FOR THE FUTURE

“This new building will help us to fulfill our mission, using state-of-the-art technology and facilities, to help the nine million New Yorkers we serve prepare for and respond to any kind of disaster or emergency,” said Board Member David Kelso, who played a central role in the sale of the current 43-year-old headquarters building and plans for the new facility.

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2005 ANNUAL REPORT

To accommodate our evolving role in this changing world, the American Red Cross in Greater New York is moving our headquarters from our current location on Amsterdam Avenue to a new building at 514 West 49th Street. The move is scheduled to occur in fall 2006. Plans are well under way to convert a four-story, 100,000square-foot red-bricked former laundry into a state-of-the-art facility that will enhance our ability to meet the preparedness training and disaster services needs of our clients and communities in the 21st century. THE NEW BUILDING WILL INCLUDE: • 10,000 square feet of modern and flexible classrooms, double our current space, enhancing our capacity to offer lifesaving courses and prepardness training • A technologically advanced Emergency Communications Center that will operate 24/7, allowing us to instantly learn about, monitor and manage the response to all emergency events in the Greater New York area • An Emergency Operations Center from which we will manage our response to major disasters and coordinate with city, state and federal government agencies • Specially designed facilities for volunteers on both the second and fourth floors • All services for visitors, clients, shoppers and students on the first floor • The latest computer and communication technology • A large garage from which we'll be able to dispatch emergency vehicles quickly with direct access to the West Side Highway to further enhance disaster response times.

Above: Renderings of the main lobby and the “Avenue,” a window walled corridor on each office floor. Opposite page: A preliminary rendering of the new headquarters building on the south side of 49th Street in Manhattan between 10th and 11th Avenues.

NUMEROUS OPPORTUNITIES FOR RECOGNITION ARE AVAILABLE IN THE NEW AMERICAN RED CROSS IN GREATER NEW YORK HEADQUARTERS BUILDING.

For more information, contact Dave Gibbs at 212.875.2616 or [email protected].

BUILDING A FUTURE

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THANKING OUR SUPPORTERS

Although the Red Cross was established through a Congressional Charter, we are not a governmental organization. We rely on contributions. Our essential programs and services are funded by gifts from individuals and companies, proceeds from special events, and grants from foundations and local, state and federal government.

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2005 ANNUAL REPORT

Our supporters come in all sizes – large foundations, world-class corporations, small businesses, and people from all walks of life in our region. Every contribution, large or small, is important to our success and is greatly appreciated. Last year more than 50,000 New Yorkers made at least one donation to the American Red Cross in Greater New York. Grade-school friends and Upper West Side residents (pictured on page 20) donated the proceeds from their lemonade stand at the Greater New York Headquarters at 150 Amsterdam Avenue. The girls set up the stand in their neighborhood to help raise funds for the victims of Hurricane Katrina. TD Waterhouse CEO Tim Pinnington presented a check for $100,000 to Chapter Board Chairman Bill Gray and CEO Terry Bischoff (above, left) on January 13, 2005 – the first contribution to the Centennial Campaign. The check was presented at City Hall at the unveiling of the Chapter’s new custom designed, state-of the-art Mobile Command Center. The Mobile Command

Center, which will enable the Chapter to maintain communications with staff, volunteers and partner agencies in a major disaster, was purchased through a $1 million capital grant from the New York City Council. Citigroup executives Eric Eve and Luis Rosero presented a check for $3 million at a Katrina telethon hosted by WNBC-TV just days after Hurricane Katrina struck. The telethon featured many of the station’s top personalities as well as New York City-based entertainers including Aida Turturro, star of “The Sopranos” (above, right). You can help by making a tax-deductible contribution. Corporations are encouraged to establish strategic partnerships and employee-giving programs to help us assist New Yorkers in need. For more information or to make a donation please call 1-877-REDCROSS, ext. 2152, or visit www.nyredcross.org/donate.

THANKING OUR SUPPORTERS

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CELEBRATING OUR CENTENNIAL

For 100 years the American Red Cross in Greater New York has been helping New Yorkers prevent, prepare for and respond to emergencies. The Greater New York Chapter celebrated its 100th Anniversary with special events and activities in all boroughs and counties. The grandest Centennial program, and the most successful fundraiser in the Chapter’s history, was held on October 20, 2005 in the World Financial Center Winter Garden in lower Manhattan. Before more than 750 attendees, including many of the region's leading corporate executives and government officials, Chairman Bill Gray and CEO Terry Bischoff presented former President Bill Clinton with the Chapter’s coveted Humanitarian Award for his tireless efforts to reduce the spread of HIV/AIDS and raise critical funds for Tsunami and hurricane relief.

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2005 ANNUAL REPORT

CENTENNIAL EVENTS AROUND THE CHAPTER New York City Mayor Michael R. Bloomberg proclaimed “March is Red Cross Month” at a reception in Gracie Mansion (near right). Board Chairman Bill Gray presented the Mayor with ARC Disaster Responder gear at the ceremony. The Staten Island Area Office’s Chrysanthemum Ball attracted elected officials and civic leaders. Here (far right) Alexander Lutz, Chapter Director of Government Relations, (left) and Suzanne Lutz, Director, Staten Island Area Office, greet New York State Assemblyman Matthew Mirones. The Queens Area Office honored Assemblyman Brian McLaughlin and New York Hospital-Queens President and CEO Stephen Mills at its Annual Spring Gala. Attending were, from left to right, Assemblyman Mark Weprin, Assemblyman Jimmy Meng, Queens Area Office Vice Chair Tina Lee, CEO Terry Bischoff, Honoree Stephen Mills, Queens Area Office Chair John Simone Jr., and Honoree Brian McLaughlin. At The Centennial Benefit:Celebrating the Best of Brooklyn, the Brooklyn Area Office saluted Douglas Steiner, Chairman of Steiner Studios in the Brooklyn Navy Yard. Here CEO Terry Bischoff and Brooklyn Area Office Board Member Robert Whiteford congratulate Master of Ceremonies Jane Hanson, News Anchor on WNBC. A new branding campaign helped build awareness for the Chapter throughout the Centennial year. Through the generosity of dozens of organizations, ads appeared in print, broadcast, outdoor and web media. (Examples of print messages are at right.)

C E L E B R AT I N G O U R C E N T E N N I A L

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A CENTURY OF SERVICE

THE AMERICAN RED CROSS IN GREATER NEW YORK TRACES ITS ROOTS TO AN INTERNATIONAL HUMANITARIAN MOVEMENT THAT started in 19th Century Europe. A Swiss businessman, Henry Dunant, created the International Committee of the Red Cross in 1863 to ensure protection to the wounded in time of war. Clara Barton, first known as “Angel of the Battlefield” for the care she provided wounded soldiers during the Civil War, heard of the Red Cross movement when she traveled to Europe. Barton and a circle of acquaintances founded the national American Red Cross organization in Washington, D.C. on May 21, 1881. A New York State Association was soon established, and in the 1890s the New York Red Cross Society was formed to cooperate with the national organization. Its work would go considerably beyond what Clara Barton had in mind for the Red Cross. The New York Red Cross Society envisioned a corps of doctors and nurses that would aid the wounded and sick in both wartime and peacetime. The New York Red Cross Hospital with its nurses’ school opened in 1894, and marked the beginning of Red Cross hospital work in the U.S. A new congressional charter was issued to the American Red Cross in 1905. State branches and local subdivisions, later called chapters, were created. The New York State branch, headquartered in Manhattan, was officially formed in May 1905. Today the American Red Cross in Greater New York is the largest Red Cross chapter in the United States, actively serving nearly nine million people in the five boroughs of New York City as well as Orange, Putnam, Rockland and Sullivan counties. In our post-9/11 world, our role is more critical than ever. We prepare people in the communities we serve for emergencies, and teach them vital lifesaving skills. We assist those affected by disasters, responding 24/7 with critical support and supplies. And even after a crisis is over, we provide financial and emotional support needed to rebuild lives. We hope the pages to follow give you a sense of the scope of our efforts during the last 100 years. Today, with the generous support of thousands of donors and volunteers we are ready and able to take on the next one hundred.

CENTENNIAL HISTORY

25

MONEY IN MY POCKET When fire devastated an apartment building in Sheepshead Bay, Brooklyn, in 2004, Lyn Guberman was forced onto the street. Here’s her story of how the Red Cross came to her aid. “I looked up and I saw smoke in my bedroom. By 6:00 that evening through the Red Cross I had a place to sleep in my neighborhood, I had money in my pocket to buy food, and I had a voucher I could use at a store of my choice to purchase clothing. I figured I was kind of rich that day. “When any kind of disaster happens anywhere in the world, the next sentence will be, ‘The Red Cross is on the scene.’ And I know in my heart that those people will be okay.”

100

YEARS

OF

SERVICE

ANSWERING THE CALL HURRICANE DIANE IN 1955. WIDESPREAD FLOODING IN ROCKLAND, ORANGE AND SULLIVAN COUNTIES IN 1996. THE STATEN ISLAND

Ferry accident of 2003. For 100 years the American Red Cross in Greater New York has been on the scene at large-scale disasters. And each year we respond to more than 3,100 smaller, more personal emergencies – an average of eight each day – such as house fires, blackouts and building collapses, providing those affected with clothing, food, cash, housing, comfort, and counseling. For 100 years, we’ve been meeting the urgent needs of New Yorkers affected by a disaster or emergency.

100 YEARS OF SERVICE

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1 1911: The Triangle Shirtwaist Factory in Manhattan was the first large-scale disaster relief effort for the New York Red Cross, whose volunteers were on hand to help those affected by the tragedy. The blaze killed 145 people, mostly young women. 2 In 1912, the New York Red Cross assisted distraught survivors of the Titanic as they arrived in lower Manhattan aboard the rescue ship Carpathia. In 1956, when the Andrea Doria sank in the Atlantic, killing 50 passengers, rescue boats took survivors to New York, where they were greeted by the open arms of Red Cross volunteers (including this Red Cross nurse). 3 In addition to meeting the needs of New Yorkers, the American Red Cross in Greater New York has supported international relief efforts, raising funds and sending critical supplies abroad to where they’re most needed. 4 American Red Cross in Greater New York volunteers were on the scene quickly on September 11, 2001, supporting the first responders. We opened 13 shelters that afternoon, mobilized 700 trained mental health professionals and served 150,000 meals a day to rescue workers for weeks after the terrorist attack. 5 The Red Cross responds to an average 8 emergencies a day, more than 3,000 per year, working closely with the all city agencies to support the needs of responders and victims alike. Here New York City Fire Department officials confer with the Red Cross Senior Director of Disaster Response at a 2005 building collapse on Broadway in Manhattan.

CENTENNIAL HISTORY

27

A NIGHT AT THE THEATER A night at the theatre became an evening of heroism for the Honorable John Fusco in Staten Island, thanks to his Red Cross CPR training. “My wife and I were leaving a play at Wagner College. She called my attention to a lady who had just collapsed. I knew she passed out and might need CPR. I tried to find a pulse, and when I couldn’t, I commenced CPR. I blew into her mouth, compressed her chest three times, blew into her mouth again. And during the next compression, she exhaled, and her eyes started moving. “She had a smile on her face. I told her I had just performed CPR, and that I hoped I didn’t have bad breath. That made her laugh. It’s nice to know that I was able to help a sister in society who was in need. Without the training I got from the Red Cross, I don’t know what would have happened.”

100

YEARS

OF

SERVICE

PREPARING NEW YORKERS IT’S A TYPICAL MORNING. YOU’RE STANDING ON THE SUBWAY PLATFORM, WAITING FOR YOUR TRAIN, WHEN THE MAN NEXT TO YOU

collapses. He’s not breathing and has no pulse. Would you know what to do? Thousands of New Yorkers do, thanks to CPR training from the American Red Cross. Since 1909, when American Red Cross First Aid programs were first launched to help people prevent injury and respond to emergencies, we’ve been preparing New Yorkers to prepare themselves and help each other. Today that tradition continues.

100 YEARS OF SERVICE

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1 The first Red Cross teaching centers opened in New York and Brooklyn in 1916, teaching hygiene, home care of the sick, nutrition and first aid. Today more than 80,000 New Yorkers takes classes each year to learn such vital skills as water safety, first aid, CPR, and how to use an automated external defibrillator. 2 The Red Cross’s aquatic education program began in 1914. Since then, thousands of people have learned how to swim and to be safe around the water, and have been trained as lifeguards and swimming instructors. 3 Today’s Red Cross programs include special courses tailored to meet the needs of children, such as basic first aid, hand washing, water safety, fire and burn safety, and how to remain safe at home alone. 4 The events of September 11, 2001 have forever changed the way we view the future, and reinforced our need to be prepared for emergencies. “Ready New York” is a free preparedness event, jointly sponsored by the Red Cross and New York City’s Office of Emergency Management, that teaches families how to prepare for a disaster, and what to do if one strikes. This standing-room only session was held in 2005 at New York University.

CENTENNIAL HISTORY

29

A HOME FOR SUNITA In 2002, when Sunita Samaroo’s living situation became unbearable, she was forced to move out. The American Red Cross was there every step of the way, helping her to move with her son, Brent, into the Family Respite Center, where they lived until Sunita was able to find a permanent residence. “The Family Respite Center was a comfortable place to stay,” says Sunita. “The Red Cross takes good care of you. The center has good security, so I always felt safe. And they also had a medical van that came regularly and helped care for the children.” Working with a housing specialist, it wasn’t long before Sunita and Brent moved into their own apartment in northern Manhattan and Sunita was looking for work as a nursing assistant.

100

YEARS

OF

SERVICE

CARING FOR THE COMMUNITY WHEN YOU THINK OF THE RED CROSS, YOU MIGHT THINK OF DISASTER RESPONSE AND TRAINING CLASSES. BUT WE’VE BEEN

helping our communities in other ways for decades through public health and assistance programs. Between the 1920s and the 1950s, the Red Cross focused on health services such as infant care, nutrition, home nursing, communicable diseases, and sanitation. In 1978, Operation Baby Track was launched in public hospitals to educate parents about the importance of immunizing their children. The Wisdom Project began in 1980 to connect senior citizens to community health services and to provide health education. The advent of AIDS in the 1980s led to the establishment of a home nursing course for AIDS caregivers, and the provision of transportation for AIDS patients to get them to their medical appointments. Here’s a sample of some other ways the Red Cross has been there for our communities during difficult times.

100 YEARS OF SERVICE

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1 During the Great Depression of the 1930s, the New York Red Cross linked people with jobs and food. In hundreds of workrooms, seamstresses made garments from government surplus cotton. Bread and cereal made from 600,000 barrels of surplus flour were distributed. 2 When a revolution broke out in Hungary in 1956, thousands of Hungarians – including this youngster – fled to the U.S. in search of freedom. Red Cross volunteers met and assisted many of these refugees as they came into New York, providing badly needed clothing, food, health and comfort items, and toys for children. The Red Cross also supplied free telephone and telegraph service to enable refugees to contact relatives in this country as well as those left behind. 3 In 1985, in response to a growing problem of homelessness in New York City, the Red Cross opened its first family center for homeless mothers and their children in Manhattan. It was the first of its kind in New York, and served as the model for similar facilities throughout the city. 4 Helping the elderly has always been a Red Cross priority. We offered an emergency housing program for elderly New Yorkers who were threatened by domestic abuse or eviction. And volunteers with the American Red Cross in Greater New York Telephone Reassurance Club made about 150 phone calls each week to elderly people who were homebound or infirm.

CENTENNIAL HISTORY

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JOSEPH MEETS JAN Joseph Kupiec and his sister were seized by the Germans to do forced labor during World War II. One of his sister’s daughters, Jan, was born at the end of the war, and the families were separated in the post-war confusion. No one knew what happened to the 9-year-old Jan. Joseph had come to the U.S. shortly after the war and was reunited with his sister, her husband, and her three daughters in 1958 by the Red Cross. When Joseph’s sister died in 1998, one of her daughters discovered Jan’s passport, baptismal record and birth certificate. Joseph contacted the Red Cross, who initiated a search for Jan. We located her, and she was reunited with her Uncle Joseph, her aunt, and many other relatives. Jan later called the Red Cross to say that she felt like royalty after meeting her new family members, and was thankful for our help.

100

YEARS

OF

SERVICE

SUPPORTING THE MILITARY & CONNECTING FAMILIES THE AMERICAN RED CROSS IN GREATER NEW YORK HAS BEEN HELPING MILITARY FAMILIES STAY IN TOUCH WITH THEIR LOVED ONES

overseas for decades, offering counseling to service members and their families during emergencies, and helping veterans adjust to returning home. Using the vast resources of the International Committee of the Red Cross and the Red Cross network, the American Red Cross in Greater New York also connects families separated by war, civil disturbance, natural disasters or changing world conditions. The Project Search tracing program, launched in 1991, works to establish the fate or whereabouts of relatives lost during the Holocaust.

100 YEARS OF SERVICE

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1 New York Red Cross volunteers played a critical role during Word War I by running a canteen service to feed soldiers at train stations and ports as they traveled to Europe. City chapters recruited nurses and doctors, organized overseas hospitals, supplied millions of surgical dressings, knit garments for soldiers, and raised a quarter of the funds needed by the national Red Cross organization. 2 The Red Cross played an integral role in coordinating blood donation efforts during World War II and the Korean War to provide hundreds of thousands of lifesaving pints of blood to injured soldiers and civilians. 3 As each war drew to a close, Red Cross volunteers handled the influx of returning service personnel, prisoners of war and families. Here a Red Cross volunteer is distributing butter and other supplies to war brides in 1945. 4 In 1991, the Red Cross helped families of soldiers sent to the Persian Gulf by sponsoring support groups for families, transmitting urgent messages between troops and their loved ones, and helping families struggling to accept changes and re-establish intimacy with soldiers who came home. When fighting broke out in Iraq and Afghanistan more than a decade later, the Red Cross stood by once again to provide these critical services to soldiers and their families.

CENTENNIAL HISTORY

33

A BRIDGE BETWEEN TWO LANGUAGES “While I was driving in Queens two months after the tragedy of September 11, 2001, I heard sirens and the terrible news on the radio about the crash of American Airlines Flight 587 to Santo Domingo. I followed the emergency vehicles and arrived at the Ramada Inn, where the families of those who had died in the crash had gathered. The first people I noticed at the hotel were Red Cross volunteers. “Wanting to help, I was immediately assigned to interpret for mental health workers, pastoral workers, nurses and others. In 2002, I learned that the American Red Cross in the Greater New York had started a Language Bank. I knew the time had come for me to volunteer on a regular basis.” Dalia Fernandez, a Certified Interpreter and Translator, donates her time and services to the Red Cross Language Bank.

100

YEARS

OF

SERVICE

DEDICATED VOLUNTEERS SINCE THE AMERICAN RED CROSS IN GREATER NEW YORK WAS FOUNDED IN 1905, VOLUNTEERS HAVE BEEN ESSENTIAL TO THE EFFORTS

of the organization. The New York Branch of the Red Cross – the immediate forerunner of the New York Chapter – had its first meeting of volunteers on May 4 of that year, with more than 100 people meeting at the Manhattan home of Elizabeth Mills Reid. Over the years, the way volunteers have answered the call has changed and evolved. In the earliest days of the New York Red Cross, volunteers were called using land-line phones; since many people did not have their own telephones, this process could take some time. Fast-forward to today – the age of cell phones and hand-held e-mail devices – when volunteers can be reached and on the scene within half an hour. Today we have nearly 4,000 volunteers. They continue to touch the lives of hundreds of thousands of local residents each year through disaster relief, health and safety education, services to the military, language translation, and much, much more. Without them, there would be no Red Cross. Here’s just a sample of the way volunteers have helped us achieve our mission over the years.

100 YEARS OF SERVICE

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1 Volunteers for the Brooklyn Chapter helped deliver supplies to local hospitals after a snowfall in 1947. 2 Eddie O’Jay of the Harlem Service Center, distributes coffee in the field, courtesy of the Red Cross in the 1960s. 3 On the ground and under it, volunteer recruiting efforts have taken on many forms, including the placement of posters in New York City’s subway cars. 4 The Junior Red Cross, established in 1919, has provided unique opportunities to New York youth looking to make a difference early in their lives. Today’s young volunteers, aged 14 to 18, reap rewards that stay with them long after they’re out of high school. 5 Red Cross volunteers assist the community in a variety of ways. These volunteers, part of a contingent of more than 100, staffed hydration stations at the September 11 Memorial Ceremony in 2005, providing aid and comfort to thousands of family members of 9/11 victims and other visitors throughout the day.

CENTENNIAL HISTORY

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FROM THE HEART Thousands of New Yorkers contributed to the Hurricane Katrina Disaster Relief Fund in September 2005. Hundreds walked into our 150 Amsterdam Avenue Headquarters, like the young man who brought in a wad of bills totaling $246. “I was saving for a new camera,” he said, “but I don’t really need one.” Or the nine-year old girl who organized a lemonade sale and brought in three thousand one dollar bills in a tin can. Or the older women who emptied her change purse explaining, “It seems like someone else needs this more than me.” The generosity of New Yorkers is what makes the city work, and what makes the Red Cross work. Imagine New York without it.

100

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OF

SERVICE

APPRECIATING YOUR SUPPORT ALTHOUGH THE RED CROSS WAS ESTABLISHED THROUGH A CONGRESSIONAL CHARTER, WE ARE NOT A GOVERNMENTAL ORGANIZATION. SUPPORT FOR OUR ESSENTIAL LIFESAVING SERVICES TO THE NEW YORK COMMUNITIES WE SERVE HAS ALWAYS BEEN DERIVED IN LARGE PART FROM THE PHILANTHROPY OF INDIVIDUALS, CORPORATIONS AND FOUNDATIONS.

100 YEARS OF SERVICE

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1 Red Cross fundraisers used a vacuum cleaner to literally suck money from the hands of willing supporters in New York City in May 1918, as servicemen encouraged the crowd to give more. The vacuum bag was reportedly emptied many times. 2 Scores of celebrities have contributed their faces, names, and talents over the years to help raise funds for the Red Cross. Here actress Julie Harris, starring on Broadway in “A Shot in the Dark,” dons a Red Cross volunteer hat to help launch the coin box solicitation phase of the 1962 Red Cross fund drive. 3 These two owners of a Greek coffee shop dedicated a day’s receipts to support Red Cross efforts. 4 Contributions have come to the Red Cross in all forms. Cash raised during an annual beer festival in New York City was sent to the New York Red Cross in sealed beer barrels. 5 A wishing well welcomed donations for the Red Cross from visitors to the New York Flower Show in the 1950s.

CENTENNIAL HISTORY

37

MORE THAN 50,000 NEW YORKERS SUPPORT AMERICAN RED CROSS IN GREATER NEW YORK The American Red Cross in Greater New York relies primarily on the generosity of individuals, companies and foundations for revenue to support its disaster relief services and lifesaving and preparedness training initiatives. ARC/GNY is not funded from the operating budgets of local, city, state or federal government. For 100 years, we’ve responded to the urgent needs of New Yorkers affected by a disaster or emergency. It takes highly committed, well-trained volunteers, a dedicated staff, and the resources to provide assistance wherever and whenever it’s needed. Total Number of Donors

51,454

Total Number of Gifts

84,755

Average Number of Gifts Per Donor

1.64

Average Gift Per Donor

$144

In fiscal 2005 more than 50,000 individuals, companies and foundations made financial contributions to help the American Red Cross in Greater New York serve our community.

2005 DONORS The American Red Cross in Greater New York is grateful to the following individuals and organizations for their generous gifts and pledges to the Red Cross between July 1, 2004 and June 30, 2005. Donors to American Red Cross in Greater New York The American Red Cross in Greater New York sincerely appreciates support from the following donors for our on-going efforts in New York City and Orange, Putnam, Rockland and Sullivan Counties to prevent, prepare for and respond to disasters. $1,000,000 + The Carson Family Charitable Trust $250,000 - $999,999 Paul Desmond Estate Gladys and Roland Harriman Foundation H. Conrad Meyer Frank J. Petrilli H. Marshall Schwarz

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2005 ANNUAL REPORT

$100,000 - $249,999 Altman Foundation Citigroup Foundation Irene D. Collia Trust Joseph A. DiMenna Garfinkle-Minard Foundation, Inc. The William & Diana Romney Gray Family Foundation Ms. Denise R. Sobel and Mr. Norman K. Keller

Morgan Stanley The O’Herron Family Foundation Peter M. Rapaport The Shoreland Foundation The Starr Foundation Studley, Inc. TD Waterhouse $50,000 - $99,999 American Express Foundation

Bilquis Edhi Relief Foundation, Inc. Con Edison Martin S. Paine Foundation Pfizer Foundation Smart & Final Inc. William Rankin & Elizabeth Forbes Trust Ilsa Rosenblum Trust UBS Investment Bank

Donors to American Red Cross in Greater New York (cont.) $25,000 - $49,999 Anonymous (2) Paul T. Bader Alice T. Baker Irrevocable Trust Empire Blue Cross Blue Shield Ernst & Young LLP Stephen D. Hays Charles A. Hill NBC Universal Television Studios Adolph & Ruth Schnurmacher Foundation The Sequoia Foundation Staten Island Rotary Foundation Pamela Thomas-Graham $10,000 - $24,999 Sandra Atlas Bass & Edythe & Sol G. Atlas Fund, Inc. The Bank of New York Warren Bimblick Josephine R. Buchheimer Trust Jonathan Burleigh Estate of Robert Carp DDB Worldwide Communications Group, Inc. Deloitte & Touche USA LLP Robert and Martha Dinerstein Foundation The Diandra de Morrell Douglas Foundation Fulbright & Jaworski, LLP Goldman Sachs Group Granite Partners, LP Mary W. Harriman Foundation IBM JetBlue Airways JPMorgan Chase Lewis J. Krulwich Leon Lowenstein Foundation, Inc. The Catherine C. Marron Foundation McGraw-Hill Companies MTA New York City Transit Authority Deanna & Steve Mulligan Edwin Nachman Trust Jessie Smith Noyes Foundation

N.Y. Hospital Medical Center of Queens Ogilvy & Mather The W. O'Neil Foundation, Inc. Maurice R. Povich Dorothy Sarnoff Raymond Charitable Foundation E. John Rosenwald, Jr. Richard A. Rothman Sarah I. Schieffelin Residuary Trust Charles & Mildred Schnurmacher Foundation F.A.O. Schwarz Family Foundation The Seinfeld Family Foundation J. T. Tai & Co. Foundation, Inc. United Way of Orange County United Way of Rockland County Verizon Foundation Viacom International, Inc. The Wasily Family Foundation, Inc. William H. Weed Ken Wheaton Robert W. Wilson Jesse D. Wolff, Esq. WPP Group USA, Inc. Roy J. Zuckerberg Family Foundation $5,000 - $9,999 Ann Taylor Charles Bauer Louise M. Sunshine and Martin Begun Philanthropic Fund Theresa A. Bischoff Don H. Callahan CBC Jon R. Cohen, MD Constans Culver Foundation James T. Daly Donald W. Davis Cleveland H. Dodge Foundation Patrick J. Durkin Epstein Becker & Green, P.C. Elizabeth H. Fuller Hettinger Foundation

The Jewish Home & Hospital of New York David A. Kelso The Emily Davie and Joseph S. Kornfeld Foundation Peter and Deborah Lamm Jerry Lauren Loews Foundation Donna McCarthy Justin McCarthy Medco Health Employee Giving Campaign Merck Employee Giving Campaign Seymour W. Miller Jeffrey & Hillary Moses Mutual of America New York City Combined Federal Campaign Patterson Rotary Club Raphael & Cynthia Russo Selective Insurance Group, Inc. John Simone, Jr. State Farm Mutual Automobile Ins. Co. Alexandra and Martin Symonds Foundation Jose Torres Trump Organization United Way of New York City Wakefern Food Corporation Wal-Mart Foundation Donna & Bob Whiteford $2,500 - $4,999 Lawrence D. Ackman Affinity Health Plan, Inc. American Collegiate Hockey Association Applebee’s The Bank of America Foundation Bank Street College Barclay Investments, Inc. Beechwood Organization Elizabeth C. Blank John W. Bloom Charina Foundation, Inc.

CRT Capital Group LLC Cullen & Dykman The Margaret A. Darrin 1986 Charitable Trust Diane A. DeAngelis Helen V. Dobson The Donald R. Mullen Family Foundation Joan C. Fu Anne Marie Goodbody Joan S. & Franklin Green Ram P. Gupta Jonathan L. Halperin, MD Dana Hart Henry Doneger Associates Inc. The Hope & Norman Hope Foundation Insurance Services Office, Inc. The James Family Charitable Foundation The Johnson-Stillman Family Foundation Deborah Jones The Kandell Fund Richard C. Kane David B. Kriser Foundation Employees of Le Parker Meridien Hotel John R. Levin Melvyn & Janet Lewinter Josiah Macy, Jr. Foundation Malt Advocate, Inc. Helen Mattin Thomas McGann Nicole I. Meyer David Mimran The David M. Mahood Memorial Fund Nita Nambiar Natalie Gardens, Inc. Nicotra Group, L.L.C. Hilda F. Niedelman North General Hospital Northfield Savings Bank P.S. 205 Bronx

DONORS

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Donors to American Red Cross in Greater New York (cont.) Peck’s Market Carlos P. Portes Julia Quigley The Renshaw Charitable Lead Trust Roosevelt Management Corp. Rounder Records Cheryl and Stephen Rush Fund The San Francisco Foundation Mitchell J. Sassower SBC Employee Giving SMBC Global Foundation, Inc. Staten Island Bank & Trust Foundation Synagro Technologies, Inc. Celeste J. Tambaro United Federation of Teachers United Way of Sullivan County United Way of Tri-State Margaret Waters Willie Elizabeth White Mark H. Wilensky $1,000 - $2,499 Anonymous (10) Louis G. Adolfsen Advance Portal Corp. Advance Publications, Inc. Aging in America Community Services, Inc. Robert C. Alindogan Greg Altman Foundation Ambac Assurance Corporation Joseph Arney AXA Foundation Lewis Bakker Trust Bank Leumi USA Thomas Barbour Linda J. Barriger Barriger & Barriger, Inc. Bruce Baughman James J. Bauman John E. Baumgardner Laura Behar Emmanuele Bellina Robert Benton Philip & Susan Bergan

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2005 ANNUAL REPORT

Mervin J. Block Jacob Bluestein Foundation Robert R. Bose Sandra L. Bowers and Ralph Walters Peggy Bowles Dorothy Brier Brown & Flaherty Mortgage Co. Shirley Brownrigg Charitable Trust Laura Buchwald Robert H. & Janet C. Buescher Foundation James T. Byrne, Jr. C.A.L. Foundation Canaan Baptist Church of Christ Capital One Services Central Consulting & Contracting, Inc. Kang G. Chan Wen Hui Chiang Maria Chimienti Eva Ching Florina Chuy Egidio Cinelli Elizabeth M. Clark Katherine Shield Clifford Myrna S. Colon Columbus Trading Common Cents New York, Inc. Jose G. Cortez John & Wendy Cozzi Domenic Cracco Mr. and Mrs. William C. Dackis Daiwa Securities America Inc. Frances Dakers Vasco DaSilva Colette DeGeofrey Deutsche Bank Americas Foundation Douglas L. Di Pasquale Angel Diaz Cuong V. Dieu District Council 37 Lynn Dramond William M. Duke The Charles Edlin Family Charitable Foundation

Sally Matson Edwards Elant, Inc. Elias Karmon Centennial Committee Karen V. Erani Edgar W. B. Fairchild Fund Aimee Federman Martin R. Fine The First National Bank of Jeffersonville Gap Foundation Gift Match Program Thomas Gecsedi Regina Gerasimova John C. Gibbons The Gift of Music, Inc. Anthony J. Gilroy Herbert L. Glaser Lila Teich Gold Edith Goldner John D. Gordan, III Gothic Cabinet Craft, Inc. Leslie Gottlieb Blanche Greenker George W. Greenwood Caryl Grierson Sandra I. Guarino Guideposts Joseph Gurwin H. J. Hefke LLC Haldun Hadimioglu John J. Halloran Gina Hansen Nedenia Hartley Dozier Hasty Gail Hauss Edith K. Haverlock Healy & Baillie, LLP Heavenly Angels Laundromat, Inc. The Heilbrunn Foundation Dorothy L. Hilliard Reserve Trust Julia A. Hilt Horton Medical Center Hunts Point Terminal Produce Diana H. Imhof Stanley R. & Elisabeth G. Jacobs Foundation

Audrey Jordan Eytan Kaufman George S. Kaufman Ruth Kaufmann Andre R. Keller Dorothy R. Kellly David A. Kiefer Denise Kleis Kenneth & Harriet Kupferberg Family Foundation Charles Layton Grover & Lorraine Lazar Miriam Lee Sean Lee Tina Lee Young Lee Nicholas Lemesh Michael Lin Leonard Litwin John D. Lobrano Ruth Norden Lowe & Warner L. Lowe Memorial Foundation M. J. Fortunato Septic Cleaning Service, Inc. David MacAllaster Macerich Oaks LLC Rosemary W. Mackey Cameron MacRae Lawrence Maglione Ashok Malhotra Amy M. Markovitz Frits Markus The McConnell Family Trust Thomas F. McDoanld Grace Meng Ann Merlino Shelia Matcalf Middletown Industrial Development Agency A’Kim J. Mitchell Mitsubishi Trust & Banking Corporation Moody's Foundation Valerie Moran John Morrison Lester S. Morse

Donors to American Red Cross in Greater New York (cont.) Sally Campbell Morse Mt. Neboh Baptist Church, Inc. Carl M. Mueller Mary E. W. Murphy N.Y.C. Central Labor Council AFL-CIO Nanuet Union Free School District Rodney Nathan Roy R. & Marie S. Neuberger Foundation Mark P. O'Donnell Katherine Okpych George D. O'Neill June E. Osborn Paul D. Ostrovsky Donald S. Owings P.S. 52 Packer Collegiate Institute Parkchester Preservation Co. Julia H. & Ted Perednia Mark A. Petschek Leila C. Pile Pitney Bowes Relief Fund Charitable Trust Shelia & Nicholas Platt

D. Justin Pollack John Poplawski Sol Pottish Mary E. Prehn Primedia Inc. Prudential Foundation RBC Din Rauscher Employee Matching Gift Program RealNetworks Foundation Thomas L. Reece Leticia Remauro Grace Richardson Richmond County Savings Foundation Michael Ridder Jonathan Rosen Robert Rothenberg Nada Rowand James R. Rowen Rudy Saviano, Inc. The Sani Family Foundation, Inc. Robert J. Santoro Rowena Saunders Pauline M. Scelfo Mary Coxe Schlosser

Mark Schubin Ralph M. Schwartz, M.D. Jung-Ja Seo Scott Shevick Andrew Short Margaret Simeon Richard Simone Allen C. Small Ruth Smith Robert J. Sorge Harold P. Spivak Foundation St. Luke's Baptist Church Staten Island Alarm Association Staten Island Technical H.S. Roger A. Steckler Marti Stevens Stewart's Shops Corporation Sun Made Juice Products, Inc. Thomas Taormina Time, Inc. Robert Tishman Christoper Tong Monserrate Anglero Toro Brigida Torres Robin Tost

Patrick Toth Phyllis Trible Trinity Abstract LLC United Activities Unlimited United Way of the Capital Area, Inc. United Way of Westchester & Putnam Unity Electric Co., Inc. The Paula Vial Fund Ronald D. Victorio Fred Voigt Wachovia Foundation Walker Memorial Baptist Church, Inc. Diane E. Walker Warren Kremer Paino Advertising LLC The Weiser Philanthropic Fund Myrna Weiss Emily & Savio Woo Thomas Xenos Robert & Barbara Youngman Edward J. Zieda

Estate Gifts The American Red Cross in Greater New York honors these supporters who made a final gift to the Red Cross through their Will, Trust or other Estate Plan. Their legacy will live on in the good works they have perpetuated through their generosity. Mary Anargeros Bianca R. Artman Edward Ballo Sylvia Blechman Loretta Mary Boey David K. Burdsall Robert Carp Jean Coons Kathleen Dillon – in memory of Alice Dillon and Alice M. Dillon David Falk Louis Fink Harry (Bud) Fisher

Sidney Grossman Margaret Harmse Mary C. Higgins - in memory of Charles Milbourne Higgins Stephen John Kanaval Edna L. Kelly Diane King Lillian K. Kuhn Juanita Lakeman John M. Lanzetta Sophie Lehner Anita Lobel Herman M. Ludecke

Sylvia Malawsky Arthur Mikayelian Monty Morgan Norma May Neilson Angelica Nieves Lucille O'Connor George Parodi Saviour S. Pecorella Brenda Phillips Fay Piston Cornelia M. Roberts Edna M. Rossum Mollie Santora

Marjorie A. Seibold Ruth Shair Jackie Siegel Irvina Stanwyck Dora Stern Teresa Stevenson James Stewart Margaret Stonehouse Ina Tuckman Josephine Villeman Beatrice Wecker Jean A. Windey

DONORS

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Clara Barton Society The following contributors demonstrate an enduring commitment by making Planned Gifts to the American Red Cross. By naming the Red Cross as a beneficiary of an Estate Plan, Trust or a Charitable Annuity, they have helped ensure the continued strength of the Red Cross well into our second century.

Leone Adelson Ethel Adler Sylvia Arker Pearl Auerbach Leo and Lore Baer Thelma Beale Robert M. Bender, Jr. Fannie K. Beyer Charles E. Bieber Warren Bimblick Dorothy and Frederick Blessington John Nicholson Bulica Mrs. Hartlin Burke Eleanor Carlucci Margaret G. Carol Michael Cassar Robert E. Chamberlaine Vincent Coda Kenneth D. Coles Maryanne Connelly William and Elle Dackis

Juan Dominguez Dominguez Antoinette Dudley Mrs. Charles H. Dyson Marjorie Feinblum Marlene Forero Elizabeth H. Fuller Jeanne N. Goldsmith Franklin Gould Lillian Hansen Jeanne E. Harroo Gonda L. Hernandez Elizabeth C. Hurd Richard M. Klein Margo I. Kornfeld Mildred K. Lee Murray and Roberta Lerner Frances and Marion Alice Levittan Annette Levy Mrs. E. Levy Anne LiPetri Jean Madaus

Ashok Malhotra Sidney and Lucille Malitz Lois P. and Durward J. Markle Theresa Marshall Howard M. Marton Charles F. McCown Daniel J. McGlone Simon Metzger Seymour W. Miller Linda Lachman Mitchell Victor and Angela Musso Wayne H. Newkirk Ruby P. Ng Jonathan O'Herron Jan Owen Catherine Pallas William S. Perper Margarita Perusquia Jerome W. Pickholz Geraldine Poritz Mirtha Reyes

Jean Ricardi Aurelia Ricardo Emma B. Romer Nell Rothschild Nada Rowand Eberhad H. Scharpf Nancy Schloss H. Marshall Schwarz Evelyn Brill Stark William Summerscales Simone Thornber R. David Townley Hendrika Van Der Noen Patricia M. Veneziano Catherine M. Walsh Richard E. Weinreich Isot Maria Weisberg van Biema Marilyn M. Wolf Jennifer Yellin

Donors to National Disaster Relief Fund The American Red Cross in Greater New York is pleased to recognize the following donors from our region who supported the National Disaster Relief Fund, including hurricanes in Fall 2004. (* Indicates members of the Annual Disaster Giving Program, who provide long-term financial support in advance of major disasters.)

$1,000,000 + American Express Foundation* Citigroup Foundation* $200,000 - $999,999 Altria Group, Inc. Bristol-Myers Squibb Company* Clear Channel Worldwide Morgan Stanley*

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2005 ANNUAL REPORT

$100,000 - $249,999 The Frances Alexander Foundation Gladys and Roland Harriman Foundation The Lehman Brothers Foundation The Merrill Lynch Foundation Verizon Foundation

$50,000 - $99,999 Credit Suisse JPMorgan Chase Foundation Toyota Motor North America Inc. Roberta L. Zuhlke Trust $25,000 - $49,999 J. Aron Charitable Foundation, Inc.

The Bank of New York The Edward T. Cone Foundation Dreyfus Agressive Growth Mutual Fund Vincent Mulford Foundation Pfizer Foundation Rolex Sony Corporation of America TD Waterhouse

Donors to National Disaster Relief Fund (cont.) $10,000 - $24,999 Amalgamated Bank of New York AT&T Foundation The Bohemia Fund James Chambers Gad Cohen The Edouard Foundation, Inc. First United Methodist Church in Flushing Lawrence Leibowitz Loews Foundation Mutual of America

NetZero The New York Community Trust Barbara Novick PLM Foundation Saks Fifth Avenue Richard J. Schmeelk Schulman Ronca & Bucuvalas, Inc. H. Marshall Schwarz Jean A. Smith Rick Springfield’s Street Team TBWA\Chiat\Day TVI, Inc.

$5,000 - $9,999 Anonymous (2) Charles G. & Yvette Bluhdorn Charitable Trust Constance Culver Foundation Maryanne Decandia The T.F. Dixon Family Foundation, Inc. Epstein Becker & Green, P.C. Michael Katz Anna Kayafas L3 Communications Corporation Colleen Maguire

James Martin David Mimran Moosehead Fund Sallie Motch Newsweek, Inc. Mary P. Oenslager Foundation Karen O'Keefe PB Foundation, Inc. Pick Quick Foods, Inc. Francesco Rossi The Tirzedokoh Fund Thomas Wagner

Donors to International Disaster Relief Fund The American Red Cross in Greater New York is pleased to recognize the following donors from our region who supported the South Asia Tsunami Relief Efforts and other international disasters.

$1,000,000 + American Express Bristol-Myers Squibb Company Citigroup Foundation Deloitte & Touche USA LLP The Merrill Lynch Foundation MetLife Foundation Morgan Stanley Pfizer Inc Viacom $250,000 - $999,999 Avaya Inc. The Bank of New York Credit Suisse First Boston Dover Corporation Fulcrum Global Partners LLC JPMorgan Chase Foundation The Stavros Niarchos Foundation Time Warner Inc. Verizon Foundation $100,000 - $249,999 The Ambrose Monell Foundation

B.R. Guest, Inc. Brown Brothers Harriman & Co. Carson Family Charitable Trust Peter Kraus Mitsui and Co. (USA), Inc. Monte dei Paschi di Siena Foundation Presidio Rosalind Resnick United States Trust Company of New York World Journal Culture Foundation, Inc. $50,000 - $99,999 Anonymous David Barger Con Edison Joseph A. DiMenna Goldman Sachs Group Hip Sing Charitable Funds Inc. The IAC Foundation Inc. Keyspan Marsh & McLennan Companies, Inc.

The New York Times Company Foundation News Corporation Foundation Novartis US Foundation Carroll Petrie RBC Capital Markets Sing Tao Newspapers New York LTD Sony Corporation of America Stuart Frankel & Company, Inc. Toyota Tsusho America Inc. The G. Unger Vetlesen Foundation Volvo Group North America Inc. John S. & Amy S. Weinberg Foundation White & Case LLP $25,000 - $49,999 Anonymous (3) The Achelis Foundation Amerada Hess Foundation Inc. The American Buddhist Confederation Ann Taylor Assurant Foundation

The Bodman Foundation Jason Capello Robert Cioppa W. Bruce Cook & Mary Louise Cook Foundation Empire Blue Cross Blue Shield Linda L. Foran Thomas Freston Guy Carpenter & Company, Inc. Hill & Knowlton, Inc. Ron Howard IAC Interactive Corp Independence Community Foundation William H. and Cathy Brienza Ingram Family Foundation Kaiser Family Foundation Kroll Associates, Inc. Leon Lowenstein Foundation, Inc. Maxim Group LLC MBIA Foundation, Inc. John McEnroe Foundation The Mindshare Foundation The Moodys Foundation

DONORS

43

Donors to International Disaster Relief Fund (cont.) Vincent Mulford Foundation Neufield Doudna LLC New York City Transit Authority Patterson, Belknap, Webb & Tyler LLP The Peninsula New York Henry B. Plant Memorial Fund Polo Ralph Lauren Samson Management LLC Skadden, Arps, Slate, Meagher & Flom, LLP Staten Island Rotary Foundation Sumitomo Corporation of America Foundation Robert Tannenhauser TD Waterhouse Toshiba America, Inc. U.S.A. Shin Yat Tong Moral Society,Inc. Vestar Capital Partners WAC Lighting $10,000 - $24,999 Anonymous Hugh Adams AGB Fund Inc. Steven Albert Altman, Greenfield & Selvaggi, LLP Altman/Kazickas Foundation Ardowork Corporation Philippe Arman & Family Arthur J. Gallagher & Co. of New York, Inc. Arup Services New York Ltd. Astoria Federal Savings & Loan Association AT&T Foundation AXA Foundation Tosun B. Bayrak Bear Stearns The Biondi Family Foundation Thomas E. Harvey & Cathleen P. Black Fund Blue Mountain Capital Partners LLC Broadstreet Group LLC Thomas K. Brown Gerald P. Buccino Florence V. Burden Foundation Business Loan Center LLC

44

2005 ANNUAL REPORT

Cadwalader Wickersham & Taft LLP Jorge Calderon Capital Printing Systems Inc. China Buddhist Association Chinatown LLC The Clearing House Cleary Gottlieb Steen & Hamilton LLP Bradley Cole Conestoga-Rovers & Associates, Inc. The Conference Board Inc. Construction Contractors Association Contigroup Companies Foundation Courtroom Television Network LLC Roslyn Cunningham Daikin U. S. Corporation D’Arrigo Bros., Co.of New York, Inc. Davis Polk & Wardwell Strachan Donnelley, Ph.D. Doyle New York Dresdner Wasserstein Christopher A. Duffy EDO Corporation Michael Embler MP & JG Epstein Philanthropic Fund Financial Times Judy Finger Thomas Flaherty Diana Y. Fong Foxwoods Resort Casino Gee How Oak Tin Association GMAC Commercial Finance LLC The Greater Allen Cathedral of New York Greater New York Auto Dealers Association, Inc. Group Health Incorporated Jeffrey Gural H & M Bar LLC Russel T. Hamilton Gerard E. Harper Kyosuke Hashimoto Bonnie L. Herzog Holtzbrinck Publishers LLC ING Clarion Partners Isidore Stern Foundation Bruce Johnson

Kate Spade LLC Kelley Drye & Warren LLP Keystone Communications, Inc. Steven B. Klinsky Jonathan A. Knee Lat Charitable Fund Scott Layden Lazard Freres & Company LLC Fred J. Levin Francis Levy John D. Lewis Susan S. Lin Lin Sing Assoc. Inc. Longview Management, Inc. Mack Trucks, Inc. Maggy London Tom Maheras Prem Makhijani Barbara Marcin Market Axess Corporation Blythe S. Masters MBIA Foundation Mark McGauley Ian Mectaggart Trust Hermann Merinoff Millbrook Capital Management Inc. The Millwork Trading Co Ltd Minerals Technologies Inc. Modells, Inc. The Robert and Elizabeth Muller Foundation National Australia Bank Limited National Basketball Association New York Health & Racquet Club Newmark & Co. Real Estate, Inc. Chouk Ng Nomura America Foundation James J. O`Donnell William Olshan, Esq. Ritankar Pal Paribas North America, Inc. Kenneth Park David I. Pauker Scott G. Pearl Pem-America, Inc. Paulo C. Pereira Amy and Joseph Perella

Perreca Electric Co. Inc. PGJM Foundation The Philanthropic Collaborative Port Morris Tile & Marble Corp. Prager and Fenton Premier Technology Solutions, Inc. Pu Ti Buddhist Association of America Inc. Radianz Americas Inc. Mary A. Rasmussen Austin Ratner Sarah Riggs RK Business Management Group Mary A. H. Rumsey Foundation Sandler, O'Neill, & Partners, LLP Scott Schneider W. Norman Scott. M.D. The SHS Foundation David M. Silfen Edward W. Snowdon Seth Sprague Educational & Charitable Foundation Staten Island Chinese Christian Church Tanenbaum Harber Co Inc. The Textor Family Foundation Thesco Benefits LLC Trans World Buddhist Association Ross E. Traphagen TSE Group LLC Lisa Underwood Elaine Unterman Van Der Moolen Vardon Capital Managment LLC W & T Seafood Corporation Warner Music Group Services Bruce Wasserstein Weil, Gotshal and Manges Foundation Inc. The Anna and Emanuel Weinstein Family Foundation Harold S. Wertheimer The Weiser Philanthropic Fund Brian Young The Zalner Foundation Mark A. Zurack

FINANCIAL SUMMARY REVENUE SOURCES* YEAR ENDED JUNE 30, 2005 $23,883,549

Chapter revenue from all sources totaled

Donations $7,426,726

$23,883,549 in fiscal 2005, with donations

Government/Grants $4,512,723

from individuals, businesses and foundations

Legacies and Bequests $2,874,658

accounting for 43% of income and government

Interest/Dividend Income $2,869,845

grants for 19%. Fees from lifesaving courses, such

Course Fees and Products $2,666,671

as CPR and First Aid, contributed 11% of revenue.

Rental Income $2,210,100 Gain on Investments $921,922 Special Events $400,904

Note: Excludes one-time gain from sale of building

EXPENSE DISTRIBUTION YEAR ENDED JUNE 30, 2005 $30,875,687 Expenses in fiscal 2005 were $30,875,687, 36% of which were directly spent on Disaster Services, 19% on Heath and Safety Services and 12% on community outreach, volunteer support and military services. The difference between revenue and expenses was funded out of Chapter investments.

FINANCIAL REPORTS

45

Independent Auditors’ Report

The Board of Trustees American Red Cross in Greater New York: We have audited the accompanying statement of financial position of American Red Cross in Greater New York (ARCGNY) as of June 30, 2005, and the related statements of activities, functional expenses, and cash flows for the year then ended. These financial statements are the responsibility of ARCGNY’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The prior year summarized comparative information has been derived from ARCGNY’s 2004 financial statements and, in our report dated September 1, 2004, we expressed an unqualified opinion on those financial statements. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of ARCGNY’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of ARCGNY as of June 30, 2005, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

August 29, 2005

46

2005 ANNUAL REPORT

AMERICAN RED CROSS IN GREATER NEW YORK STATEMENT OF FINANCIAL POSITION June 30, 2005 (With comparative amounts at June 30, 2004) 2005

2004

1,417,882

822,960

ASSETS Cash and cash equivalents

$

Accounts, contributions, and interest receivable, net of allowance of $106,738 and $67,984 in 2005 and 2004, respectively (note 5)

5,516,950

3,675,377

Receivable from The American Red Cross

511,924

538,055

Inventories and other assets

803,030

763,815

Investments (note 4)

82,640,325

52,563,913

Land, building, and equipment, net (note 6)

36,182,007

3,345,968

1,840,000

—

$ 128,912,118

61,710,088

Deferred rent expense (note 6) Total assets LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued liabilities

5,631,213

5,267,968

7,063

109,908

Capital lease obligations

141,934

237,093

Advances (note 6)

625,646

57,494

6,405,856

5,672,463

Payable to The American Red Cross (note 7)

Total liabilities

$

Commitments and contingencies (note 9) Net assets: Unrestricted

115,906,228

50,969,216

Temporarily restricted (note 3)

5,041,606

4,686,407

Permanently restricted (note 3)

1,558,428

382,002

122,506,262

56,037,625

$ 128,912,118

61,710,088

Total net assets Total liabilities and net assets See accompanying notes to financial statements.

FINANCIAL REPORTS

47

AMERICAN RED CROSS IN GREATER NEW YORK STATEMENT OF ACTIVITIES Year Ended June 30, 2005 (With summarized totals for the year ended June 30, 2004) 2005

2004

Permanently restricted

Total

Total

4,924,585

Unrestricted

Temporarily restricted

4,906,283

2,520,443

—

7,426,726

399,404

1,500

—

400,904

135,652

4,512,723

—

—

4,512,723

2,613,627

CONTINUING OPERATIONS: Operating revenue: Contributions, including in-kind of $474,177 in 2005 (note 2) Special events, net of direct donor benefits of $95,863 in 2005 and $55,138 in 2004 Government and other grants and contracts

$

Fees from products and services

2,666,671

—

—

2,666,671

3,026,018

Interest and dividend income

2,869,845

—

—

2,869,845

2,121,694 2,133,293

Rental income

2,210,100

—

—

2,210,100

Net assets released from restrictions

2,484,005

(2,484,005)

—

—

—

Total operating revenue

20,049,031

37,938

—

20,086,969

14,954,869

Operating expenses (note 6): Program services: Service to military families and veterans Disaster services

735,819

—

—

735,819

806,382

10,994,150

—

—

10,994,150

10,082,774

Health and safety services

5,810,717

—

—

5,810,717

3,760,570

Community services

2,828,196

—

—

2,828,196

3,568,093

International

316,685

—

—

316,685

268,199

20,685,567

—

—

20,685,567

18,486,018

Membership and fund-raising

3,750,445

—

—

3,750,445

3,354,115

Management and general

6,439,675

—

—

6,439,675

3,953,574

10,190,120

—

—

10,190,120

7,307,689

Total program services Supporting services:

Total supporting services Total operating expenses

30,875,687

—

—

30,875,687

25,793,707

(Deficiency) excess of operating revenue over operating expenses

(10,826,656)

37,938

—

(10,788,718)

(10,838,838)

Nonoperating activities: Realized and unrealized gain on investments Legacies and bequests, net of amounts applicable to National Sector Gain on sale of land, building, and equipment (note 6)

—

—

921,922

695,992

317,261

1,176,426

2,874,658

2,508,848

73,366,379

—

—

73,366,379

3,050

94,396

—

—

94,396

72,422

Excess of nonoperating revenue and gains over expenses and losses

75,763,668

317,261

1,176,426

77,257,355

3,280,312

Increase (decrease) in net assets before discontinued operations

64,937,012

355,199

1,176,426

66,468,637

(7,558,526)

—

—

—

—

(1,750,959)

64,937,012

355,199

1,176,426

66,468,637

(9,309,485)

50,969,216

4,686,407

382,002

56,037,625

65,347,110

$ 115,906,228

5,041,606

1,558,428

122,506,262

56,037,625

Other, net

(Decrease) in net assets from discontinued operations Increase (decrease) in net assets Net assets, beginning of year Net assets, end of year See accompanying notes to financial statements.

48

921,922 1,380,971

2005 ANNUAL REPORT

AMERICAN RED CROSS IN GREATER NEW YORK STATEMENT OF FUNCTIONAL EXPENSES Year ended June 30, 2005 (With summarized totals for the year ended June 30, 2004) Program Services

CONTINUING OPERATIONS:

Service to military families and veterans

Salaries and wages

$

Employee benefits Total salaries and employee benefits Travel

Disaster services

Health and Safety services

Community services

International

Total

—

2,746,698

1,708,791

1,032,787

—

5,488,276

—

694,542

400,313

279,855

—

1,374,710

—

3,441,240

2,109,104

1,312,642

—

6,862,986

—

112,387

50,046

76,003

—

238,436

46,146

2,841,623

21,422

328,532

—

3,237,723

Supplies and materials

—

312,463

1,507,301

67,441

—

1,887,205

Equipment – maintenance and rental

—

153,096

69,968

119,511

—

342,575

Property rental

—

766,428

723,767

401,021

—

1,891,216 2,930,039

Financial and material assistance

Contractual services

82,694

1,715,221

819,626

312,498

—

Inter Red Cross expenses

—

70,061

2,959

93,592

—

166,612

Depreciation of buildings and equipment

—

394,064

137,059

116,956

—

648,079

606,979

1,187,567

369,465

—

316,685

2,480,696

735,819

10,994,150

5,810,717

2,828,196

316,685

20,685,567

Special events expenses

Total

2005 total expenses

2004 total expenses

National Sector – chapter assessment (note 1) Total expenses from continuing operations

$

Supporting Services Membership and fund-raising

Management and general

Salaries and wages

$ 1,306,598

2,145,638

—

3,452,236

8,940,512

7,691,368

Employee benefits

343,715

510,254

—

853,969

2,228,679

1,707,043

1,650,313

2,655,892

—

4,306,205

11,169,191

9,398,411

Travel

19,100

109,722

—

128,822

367,258

443,851

Financial and material assistance

48,214

34,017

—

82,231

3,319,954

3,915,549

747,708

84,285

95,863

927,856

2,815,061

1,872,709

22,409

172,366

—

194,775

537,350

623,698

Property rental

201,963

1,311,939

—

1,513,902

3,405,118

315,875

Contractual services

976,126

1,767,968

—

2,744,094

5,674,133

4,830,843

620

875

—

1,495

168,107

339,255

31,211

197,050

—

228,261

876,340

1,128,669

Total salaries and employee benefits

Supplies and materials Equipment – maintenance and rental

Inter Red Cross expenses Depreciation of buildings and equipment National Sector – chapter assessment (note 1) Total expenses from continuing operations Total expenses from discontinued operations Total Expenses

52,781

105,561

—

158,342

2,639,038

2,979,985

$ 3,750,445

6,439,675

95,863

10,285,983

30,971,550

25,848,845

—

10,761,673

$ 30,971,550

36,610,518

See accompanying notes to financial statements.

FINANCIAL REPORTS

49

AMERICAN RED CROSS IN GREATER NEW YORK STATEMENT OF CASH FLOWS Year ended June 30, 2005 (With comparative amounts for the year ended June 30, 2004) 2005

2004

CASH FLOWS FROM OPERATING ACTIVITIES: Change in net assets

$ 66,468,637

(9,309,485)

876,340

1,223,003

Adjustments to reconcile change in net assets to net cash used in operating activities: Depreciation expense Amortization of deferred rent expense Realized and unrealized gains on investments Gain on sale of land, building, and equipment Proceeds from permanently restricted legacy and bequests Grants and contracts restricted for capital expenditures Write-off of uncollectible receivable

2,760,000

—

(921,922)

(695,992)

(73,366,379)

(3,050)

(1,176,426)

—

(727,738)

—

—

560,000

(1,113,835)

2,435,497

Changes in operating assets and liabilities: Accounts, contributions, and interest receivable Inventories and other assets

(39,215)

(232,822)

Accounts payable and accrued liabilities

62,413

(2,408,190)

Net amount due to/from The American Red Cross

(76,714)

(14,485)

Refundable advances

159,252

(643,608)

(7,095,587)

(9,089,132)

Purchases of land, building, and equipment

(35,080,524)

(147,903)

Proceeds from sale of land, building, and equipment

70,134,524

3,050

Increase in accounts payable for capital expenditures

300,832

—

Purchases of investments

(400,263,946)

(31,043,790)

Proceeds from sales of investments

371,109,456

37,306,902

6,200,342

6,118,259

Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of capital lease obligations

(95,159)

(56,987)

(727,738)

—

1,176,426

—

Grants and contracts restricted for capital expenditures

727,738

—

Deposit received from sale of land

408,900

—

1,490,167

(56,987)

594,922

(3,027,860)

Increase in accounts receivable from capital expenditure grants Proceeds from permanently restricted legacy and bequests

Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS: Beginning of year End of year

822,960

3,850,820

$ 1,417,882

822,960

$

—

294,080

14,728

12,854

NONCASH INVESTING AND FINANCING ACTIVITIES: Acquisition of equipment under capital lease obligations CASH PAID FOR INTEREST See accompanying notes to financial statements.

50

2005 ANNUAL REPORT

AMERICAN RED CROSS IN GREATER NEW YORK NOTES TO FINANCIAL STATEMENTS June 30, 2005 (With comparative amounts as of and for the year ended June 30, 2004)

1 ORGANIZATION AND PURPOSES American Red Cross in Greater New York (ARCGNY) is a chartered unit of The American Red Cross (ARC) and is not a separate legal entity. This unit is responsible for the management and direction of ARC activities in the Greater New York area, which includes the five boroughs of The City of New York, as well as Orange, Putnam, Rockland, and Sullivan counties. ARCGNY is an integral part of ARC. The services it delivers are presently the established services of ARC along with programming designed to fill specific community needs within its mission statement. All assets of ARCGNY are held as agent for, and in trust for the benefit of, ARC and are subject to the rules and regulations of the Board of Governors of ARC. ARCGNY also pays a chapter assessment to ARC to support chapter-related services provided by ARC. The chapter assessment is based on certain demographic statistics and chapter income. During the fiscal year ended June 30, 2004, ARCGNY streamlined its programs to focus on its core mission of providing disaster services and health and safety programs. This strategic decision was necessitated by the communities’ need for these services and a shifting of the organization’s funding sources. Among other changes, ARCGNY transferred its homeless services and transportation services to other experienced providers with the approval of State and City funding agencies. In addition, ARCGNY sold its “In Touch” (emergency assistance call monitoring) program to an unrelated third party for approximately $425,000 in September 2003. These changes resulted in a significant reduction in the overall size of the organization. The results of these programs and the impact of other restructuring changes are presented under discontinued operations in the accompanying statements of activities and functional expenses. During the fiscal year ended June 30, 2005, ARCGNY continues its efforts to focus on its core mission. Specific efforts to enhance public awareness of its services and increases in its capacity to provide these services were commenced in fiscal 2005. As further discussed in note 6, ARCGNY sold its existing headquarters and purchased land and building to address the needs of the disaster services and health and safety programs and entered into an agreement to sell vacant land not related to these core services. 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The financial statements of ARCGNY have been prepared on the accrual basis of accounting.

Basis of Presentation ARCGNY follows the provisions of Statement of Financial Accounting Standards (SFAS) No. 116, Accounting for Contributions Received and Contributions Made, and SFAS No. 117, Financial Statements of Not-for-Profit Organizations. In accordance with the provisions of these Statements, net assets and revenues, expenses, gains, and losses are classified based on the existence or absence of donor-imposed restrictions. Accordingly, ARCGNY’s net assets and changes therein are classified and reported as follows: Unrestricted net assets – Net assets that are not subject to donor-imposed stipulations, including a fund established by the Board of Trustees (the Board) to function as a quasi-endowment. The fund has been designated for long-term investment and is also used for capital purposes and special projects as deemed appropriate by the Board. It is the current policy of ARCGNY to designate as quasi-endowment funds legacies and bequests along with the related realized gains on investment of these net assets. Dividend and interest income generated by these amounts fund current and/or new community social programs. Temporarily restricted net assets – Net assets subject to donor-imposed stipulations that will be met either by actions of ARCGNY or the passage of time. Permanently restricted net assets – Net assets subject to donor-imposed stipulations that they be maintained permanently by ARCGNY. Generally, the donors of these assets permit ARCGNY to use all or part of the income earned on related investments for general or specific purposes. Contributions, Grants, and Contracts Contributions, including unconditional promises to give, are recognized when received. ARCGNY reports gifts of cash and other assets as restricted revenue if they are received with donor stipulations that limit their use. When a donor restriction expires, that is, when a stipulated time restriction ends or purpose restriction is fulfilled, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. Certain grants and contracts have the characteristics of contributions and are recorded as restricted revenue. Others are deemed to be exchange transactions rather than contributions and are recognized as revenue when the associated expenses are incurred. Amounts received prior to incurring expenses are reported as refundable advances.

continued

FINANCIAL REPORTS

51

NOTES TO FINANCIAL STATEMENTS - June 30, 2005 (With comparative amounts as of and for the year ended June 30, 2004) Donated Goods and Services Amounts are reported in the financial statements for voluntary donations of services when those services create or enhance nonfinancial assets or require specialized skills provided by donors possessing those skills and which would be typically purchased if not provided by donation. Donated materials are recorded at the fair market value at the date of gift. During fiscal 2005, ARCGNY received donated services of $474,177 which met these recognition requirements. These amounts are recognized as both revenue and program expenses in the accompanying statement of activities. ARCGNY receives donated services from a substantial number of volunteers across its service territory in support of its program and support services. Volunteers provide essential services, principally disaster relief that ARCGNY would otherwise be unable to afford. As these services do not meet the criteria for recognition, they have not been recorded in the accompanying financial statements. Cash and Cash Equivalents For purposes of the accompanying statement of cash flows, ARCGNY considers all highly liquid investments purchased with maturities of three months or less, excluding cash equivalents held as investments, to be cash equivalents. Land, Buildings, and Equipment Expenditures for land, buildings, and equipment in excess of $2,500 and with estimated useful lives of three or more years are capitalized. Expenditures, including interest expense, incurred during the construction period are capitalized as construction in progress. Depreciation on construction in progress does not commence until the asset is placed in service. Depreciation of buildings and equipment is provided on the straight-line basis over the estimated useful lives of the assets, as follows:

bequests, gain on sale of land, building, and equipment, and unusual or nonrecurring revenue or expenses. Expense Allocations Certain expenses are allocated directly to the program and supporting services to which they relate. Indirect expenses which are not specifically attributable to a particular component of programs or supporting services are allocated based on utilization and activities of the applicable programs and supporting services. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Presentation of Certain Prior Year Information The financial statements include certain prior year summarized information for comparative purposes only. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted accounting principles. Accordingly, such information should be read in conjunction with ARCGNY’s financial statements for the year ended June 30, 2004, from which the summarized information was derived. Reclassifications Certain 2004 amounts have been reclassified to conform to the current year presentation. 3 TEMPORARILY AND PERMANENTLY RESTRICTED NET ASSETS

Buildings Improvements Equipment

45 years 20 to 45 years 3 to 8 years

Inventories Inventories consist of items held for resale and are carried at the lower of average cost or market. Investments Investments are carried at fair value based upon quoted market prices. Realized and unrealized gains and losses on investments, as well as dividends, interest, and other investment income, unless temporarily or permanently restricted by a donor’s explicit stipulation or by law, are recorded as changes in unrestricted net assets. Measure of Operations ARCGNY distinguishes between operating and nonoperating activities in the statement of activities. Nonoperating activities include net realized and unrealized gains or losses on investments, legacies and

Temporarily restricted net assets are available for the following purposes or periods: June 30

Disaster services Time restrictions (for generalpurpose use in future periods) Other

$

2005

2004

3,597,901

3,648,263

1,382,556

888,689

61,149

149,455

$ 5,041,606

4,686,407

Income from permanently restricted net assets is to be used to support general operations. 4 INVESTMENTS The cost and fair value of investments at June 30, 2005 and 2004 are summarized below:

continued

52

2005 ANNUAL REPORT

NOTES TO FINANCIAL STATEMENTS - June 30, 2005 (With comparative amounts as of and for the year ended June 30, 2004) 2005 Cost Participation in ARC investment funds

Cost

Fair value

$ 38,671,224 41,288,683 13,569,540 14,935,586

Fixed income–government and corporate securities Total investments

2004

Fair value

41,185,867 41,351,642 37,550,028 37,628,327 $ 79,857,091 82,640,325 51,119,568 52,563,913

ARCGNY’s investments include an undivided interest in ARC’s investment funds, which comprise the following based on fair value: June 30 2005 U.S. stock funds Foreign stock funds Bond funds Hedge funds Private equity funds Real estate funds

2004

55.4% 18.9 9.8 12.9 2.1 0.9 100.0%

81.7% 18.1 0.2 – – – 100.0%

5 CONTRIBUTIONS RECEIVABLE Included in accounts, contributions, and interest receivable are unconditional promises to give, as follows: June 30

Amounts due within one year Amounts due from one to five years Total Less discount to net present value (at a rate of 5%)

$

2005

2004

989,699 401,604 1,391,303

428,095 468,987 897,082

(8,747)

(8,393)

$ 1,382,556

888,689

6 LAND, BUILDING, AND EQUIPMENT

programs, ARCGNY decided to relocate its headquarters to a new facility specifically designed to address its needs in these areas, including enhanced technology capabilities. As a result, in May 2004, ARCGNY entered into a contract for the sale of the land and building of its main offices. In connection with the execution of the contract, the purchaser deposited $16 million with an escrow agent. The closing of the sale was in September 2004. The sale price was $72.3 million and the net book value of the land and building was $1.4 million. Closing costs were approximately $2.2 million consisting primarily of broker commissions, legal fees, and transfer tax. In June 2005, ARCGNY purchased land and building for approximately $33.4 million for its new headquarters. The cost related to the building is reflected as construction in progress. Renovations are expected to take until September 2006 at which time ARCGNY will relocate. In August 2005, on behalf of ARCGNY, ARC received approval from the New York City Industrial Development Authority to issue $30 million in tax-exempt bonds to finance the purchase of the land and building. Closing on the financing is expected to occur in October 2005. Concurrent with the closing of the sale of its existing headquarters in September 2004, ARCGNY leased back the facility at a monthly rent of $40,000 until the earlier of its move to a new facility or December 31, 2005. At the option of the landlord, ARCGNY may remain in the premises subject to a $40,000 per month escalation in the monthly rent starting in January 2006 until it reaches a maximum of $400,000 per month in September 2006. As previously stated, ARCGNY expects to relocate to its new headquarters in September 2006. Since the actual rent payments are below-market through December 2005, an adjustment of $4.6 million to the gain on the sale of the property has been made bringing the total gain to $73.3 million. The adjustment is equal to the present value of the excess of the fair market rent over the actual rent payments for the period from sale through December 2005. A corresponding amount was recorded as deferred rent and is being amortized over the 15-month lease term. As of June 30, 2005, $2,760,000 of the deferred rent has been expensed in the accompanying statement of activities and the balance of $1,840,000 is presented as deferred rent expense in the accompanying statement of financial position.

Land, building, and equipment consist of the following: June 30

Land Construction in progress Building and improvements Equipment Less accumulated depreciation

2005

2004

$ 21,880,594 12,427,499 104,806 6,646,411 41,059,310 (4,877,303)

1,234,092 — 13,663,298 5,489,552 20,386,942 (17,040,974)

$ 36,182,007

3,345,968

As part of a strategic review of its programs and an assessment of its resources to provide core disaster services and health and safety

In May 2005, ARCGNY entered into a contract for the sale of vacant land originally acquired in February 2002 for approximately $880,000 and related developmental plans. The land was to be used to build a new homeless shelter. These plans were abandoned in connection with the transfer of homeless services programs as discussed in note 1. A nonrefundable deposit of $408,900 was received at contract signing which is presented in advances in the accompanying statement of financial position. The sale, which closed in August 2005, called for a selling price of $3.1 million, of which approximately $800,000 was required, in accordance with the terms of the original purchase agreement, to be paid to the New York City Economic Development Corporation. As a result, a gain of approximately $1.4 million will be realized by ARCGNY from the sale of this land in fiscal year 2006.

continued

FINANCIAL REPORTS

53

NOTES TO FINANCIAL STATEMENTS - June 30, 2005 (With comparative amounts as of and for the year ended June 30, 2004) 7 FUNDS RAISED FOR NATIONAL DISASTER RELIEF ARCGNY conducts fund-raising appeals for disaster relief operations coordinated by ARC (National Headquarters). Such funds received and processed by ARCGNY, net of certain expenses, are forwarded to ARC to be applied directly to the specified relief operations and are not included in the accompanying statement of activities. In addition, significant contributions are received directly by ARC from donors within ARCGNY’s operating jurisdiction. These contributions are neither included in the accompanying statement of activities nor the table below. ARC has full control over the funds contributed to the specified disaster relief operations listed in the table below. The changes in relief funds due to ARC are as follows: For the years ended June 30 2005

2004

Contributions received by appeal classification or donor designations: Florida Hurricanes $ 68,040 Southeast Asia Tsunami 1,553,954 Liberty Disaster Relief Fund–September 11 events — Other U.S. disasters 401,354 Other international disasters 547,417

— — 13,730 295,372 22,649

Total received Relief funds forwarded to ARC Relief funds expended on national disasters

2,570,765 (2,606,980) (66,630)

331,751 (206,809) (21,452)

(Decrease) increase during the year Relief funds due to ARC, beginning of year

(102,845) 109,908

103,490 6,418

7,063

109,908

Relief funds due to ARC, end of year

$

8 BENEFIT PLANS Pension Plans ARCGNY participates in a defined benefit retirement plan (the Plan), which covers substantially all of its employees after one year of employment and is administered by the Retirement System of The American Red Cross (the Retirement System). The policy of ARCGNY is to recognize pension expense equal to contributions required to be made to the Retirement System.

upon employment. This savings plan is also administered by the Retirement System. This savings plan contains provisions under which eligible employees can elect to make voluntary pretax contributions pursuant to Section 401(k) of the Internal Revenue Code. ARCGNY matches employees’ contributions at amounts specified by the savings plan. Total pension expense was $314,665 and $199,896 in 2005 and 2004, respectively. Postretirement Benefits ARCGNY participates in a multiemployer plan established by ARC that provides defined postretirement health care benefits to substantially all eligible retirees and their eligible dependents. Related expense is recognized in an amount equal to contributions to the plan, which totaled $11,905 and $13,455 in 2005 and 2004, respectively. 9 LEASE COMMITMENTS ARCGNY rents certain office and program space and equipment under operating leases which expire on various dates through 2010. Total rent expense was $3,540,779 and $2,544,467 in 2005 and 2004, respectively. The future minimum lease commitments on all leases having initial or remaining noncancelable lease terms are as follows as of June 30, 2005: 2006 2007 2008 2009 2010

$

601,485 241,581 58,234 30,554 2,546

$

934,400

In addition, there are provisions in certain office space leases for rent escalation based on increases in taxes and utility costs. 10 TAX STATUS ARCGNY, as a chartered unit of ARC, is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and has been classified as a publicly supported organization. 11 INSURANCE ARRANGEMENTS

Since the Plan is a multiemployer plan including all participating chapters and ARC, certain information as it relates to vested and nonvested benefits, as well as plan assets applicable to ARCGNY employees, is not readily available. Effective March 1, 2000, ARCGNY participates in a defined contribution savings plan in which substantially all of its employees can participate

54

2005 ANNUAL REPORT

ARCGNY participates in a self-insured group insurance plan established by ARC that includes property and casualty, general liability, workers’ compensation, directors’ and officers’ liability, and automobile insurance. Premiums paid into the plan totaled $475,861 and $754,548 in 2005 and 2004, respectively.

LEADERSHIP BOARD OF TRUSTEES William Gray, Chair Ogilvy North America Frank J. Petrilli, Vice Chair Nexxar Group, Inc. William H. Weed, Vice Chair Business Advisor Warren N. Bimblick, Treasurer Prism Business Media Theresa A. Bischoff, Secretary American Red Cross in Greater New York Lisa Alvarado-Sorin* Community Affairs Consultant Paul T. Bader Ernst & Young LLP Charles Bauer** PricewaterhouseCoopers Martin Begun Reiter Begun Associates Brandon Boyd, Esq.** Attorney at Law Jonathan B. Burleigh The Interpublic Group of Companies Thomas Burns** Morgan Stanley Don Callahan Morgan Stanley Judith M. Carson** Civic Leader Jon R. Cohen, MD North Shore LI Jewish Health System Richard Cowie** Civic Leader Genevieve Dainack* Sullivan County Probation Department Robert C. Dinerstein UBS Investment Bank

Lynn A. Foster** Civic Leader

Matt Rand* Prudential Rand Realty

Heather M. Goodchild* Standard & Poor’s Ratings Services

Peter M. Rapaport Maxim Group

Robert Gould Bethlehem Art Gallery

Richard A. Rothman, Esq. Weil, Gotshal & Manges LLP

Joan Shapiro Green NY Society of Security Analysts

Raphael Russo, Esq. Paul, Weiss, Rifkind, Wharton & Garrison

George Greenwood Consolidated Edison Co. of NY, Inc.

Rosa M. Sabater American Express

Jonathan L. Halperin, MD Mount Sinai Medical Center

H. Marshall Schwarz Retired, U.S. Trust Company

Major General Nathaniel James** 369th Veterans Association, Inc.

John Simone Jr. JPMorgan Chase

David A. Kelso JP Morgan

Judith Spitz* Verizon

Lewis Krulwich Retired, PricewaterhouseCoopers

William G. White** Consolidated Edison of New York, Inc.

John R. Levin Retired, AT&T

Robert W. Whiteford* Bank of America

Gloria McCarthy Empire Blue Cross Blue Shield

Anne Whitehead* Civic Leader

Dana P. McIlwain* PricewaterhouseCoopers LLP

CHAIR’S ADVISORS

H. Conrad Meyer III Nassau Point Investors Nicole Meyer** Bank of New York Sally Minard Civic Leader Jonathan O’Herron Lazard Freres & Co. LLC Ted Perednia Merrill Lynch Constant Pierre-Louis, MD** Retired, Health Insurance Plan of Greater NY Carlos Portes Por-Tel Communications

Diandra Douglas Civic Leader Patrick Durkin Credit Suisse First Boston Pamela Thomas-Graham Liz Claiborne, Inc. Brenda L. Sanchez** Civic Leader Myrna Weiss First Marketing Capital Group, Ltd. Roy J. Zuckerberg Goldman Sachs

MEDICAL ADVISOR Jonathan L. Halperin, MD

William J. Egan* Merrill Lynch

LEADERSHIP

55

BOARD COMMITTEES AUDIT AND COMPLIANCE Paul T. Bader, Chair Warren N. Bimblick William C. Dackis Brian G. Dooley, CPA** William J. Egan Joan Shapiro Green EXECUTIVE William H. Weed, Chair Frank J. Petrilli, Vice Chair Paul T. Bader Warren N. Bimblick Don Callahan Jon R. Cohen, MD Robert C. Dinerstein William Gray George Greenwood Lewis Krulwich John R. Levin Gloria McCarthy H. Conrad Meyer III Sally Minard H. Marshall Schwarz Richard A. Rothman, Esq. FINANCE Warren N. Bimblick, Chair Heather Goodchild John R. Levin Dana P. McIlwain Raphael Russo, Esq. Myrna Weiss FINANCIAL DEVELOPMENT William H. Weed, Chair Don Callahan Patrick Durkin David A. Kelso Lewis Krulwich Peter M. Rapaport Rosa M. Sabater H. Marshall Schwarz John Simone Jr. Anne Whitehead

56

2005 ANNUAL REPORT

GOVERNANCE AND NOMINATING

OFFICERS

H. Conrad Meyer III, Chair Robert Gould Jonathan L. Halperin Lewis Krulwich Sally Minard Jonathan O’Herron Frank J. Petrilli Richard A. Rothman, Esq. Raphael Russo, Esq. William H. Weed

Theresa A. Bischoff Chief Executive Officer Richard C. Kane Chief Administrative Officer Rosemary W. Mackey Chief Business & Fund Development Officer Scott Graham Chief Response Officer

INVESTMENT COMMITTEE Don Callahan, Chair Warren N. Bimblick Candace Cox Myrna Weiss MARKETING AND COMMUNICATIONS Sally Minard, Chair Lisa Alvarado-Sorin Martin Begun Warren N. Bimblick H. Conrad Meyer III Rosa M. Sabater HUMAN RESOURCES Gloria McCarthy, Chair William Gray Paul Ofman, Ph.D. Rosa M. Sabater PROGRAMS AND SERVICES Robert C. Dinerstein, Co-Chair George Greenwood, Co-Chair David A. Kelso Gloria McCarthy Sally Minard Paul Ofman, Ph.D. Sally Phipps Judith Spitz AREA OFFICE CHAIRS Bronx – Lisa Alvarado-Sorin Brooklyn – Robert W. Whiteford Manhattan – Carlos Portes Orange – Robert Gould Putnam – John R. Levin Queens – John Simone Jr. Rockland – Matt Rand Staten Island – Ted Perednia Sullivan – Genevieve Dainack

SENIOR MANAGEMENT TEAM Robert T. Imbornoni* Deputy Response Officer Larry Geiger* Senior Director, Marketing, Communications & Media Relations Martin Goldman Senior Director, Information Technology Waddy Gonzalez Senior Director, Disaster Response Denise Kleis Senior Director, Human Resources Elizabeth Portland Senior Director, Financial Development Olivier Szlos Senior Director, Community Development Paul Vitale Senior Director, Finance Thomas Waring Senior Director, Health & Safety Services Marlene Weisler Senior Director, Facilities Management Bobby Wilson* Senior Director, Planning & Preparedness

* Joined after June 30, 2005 ** Left after June 30, 2005

A CENTURY OF SERVICE

2005 ANNUAL REPORT

American Red Cross in Greater New York 150 Amsterdam Avenue New York, NY 10023 www.nyredcross.org 1-877-REDCROSS We are deeply appreciative to Bowne & Co., Inc. for donating their printing services for this annual report.

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