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Key initiatives in 2015 included:
                     NRF EXECUTIVE DIRECTOR                                                         Implementing RallyMe, a compelling third party crowd sourcing
                     Charlie Hamlin
                                                                                                    platform for athletes – especially those not covered by our Grant
                                                                                                    to USRowing – to raise funds for their preparation selection and
                                                                                                    participation in international competition;

                                                                                                    Launching the “1966 Society”for planned giving;


                                                                                                    Launching the “Women’s Initiative” to secure greater participation
                                                                                                    of women in our governance and fund raising.

                                                                                               As we look to 2016, and the final preparation year for the 2016 Olympics

        TO ALL NRF DONORS:
                                                                                                 we plan to build on the successes of 2015 and increase our Grant to
        On behalf of the NRF staff and                                                           USRowing in this Olympic year to $1,350,000.
        more importantly the athletes of our
        2015 national teams, thank you for your                                                  With your continuing support we can meet this goal and even better,
        generosity, good will, and support of the National                                       exceed it.
        Rowing Foundation. I am pleased to report that 2015 was
        a highly successful year. The NRF saw substantial growth in our                        Remember, the U.S. is the only major rowing country that provides no
        fund raising efforts and our support of the Senior, U23 and Junior                     government support to its Olympic team.  With your generosity in 2016
        national teams. Highlights include:                                                    we can overcome this resource challenge and see our athletes on the
                                                                                               medal stand at the Olympic Games
              Increasing total sources of funds by
              $430,547 to $2,228,668 (24%)                                                    Thanks again and all the best,
                                                                                              Charlie, Mara, Tom and Gill
              Increasing Grant eligible fund raising by
              $256,746 to $1,500,720 (21%)

              Processing $316,000 of pass-through, tax
              deductible donations raised primarily by our
              Junior, U23 and unfunded senior athletes

              Managing our marketing and administrative
              expense as a percentage of total fundsources
              to 14.4%, a drop of 3.1 percentage points

              Increasing 2016 grant eligible cash and
              accounts receivable by $205,000 to
              $317,000.

        The one disappointment, a product of the stock market decline, was
        the $161,000 reduction in the value of our endowments $5,475,000; this
        despite management out-performing market benchmarks.


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