Message to Investors:
Thank you for investing in the Power of Light Foundation. This corporate report covers the period since inception, September 2013, through May 2015.
The Board of Directors is pleased to report that the U. S. ranking in science, math, and engineering (essentially STEM) has been gradually improving since 2012. The PEW Research Center reports:
"One of the biggest cross-national tests is the Program for International Student Assessment (PISA), which every three years measures math and science literacy and other key skills among 15-year-olds in dozens of developed and developing countries. The most recent PISA results, from 2012, placed the U.S. an unimpressive 35th out of 64 countries in math and 27th in science. Among the 34 members of the Organization for Economic Cooperation and Development, which sponsors the PISA initiative, the U.S. ranked 27th in Math and 20th in science."
However, the World Economic Forum for 2015 reports significant improvement in engineering, with the U.S. in the top five developing countries. As we ride the wave of national improvement, it remains critical to press forward in reclaiming national prominence in science, technology, engineering, and math.
Our mission: to develop Christ-centered students to impact the science and technology industries by promoting math and science, is being realized in our 2014 scholarship recipient, Lauren Doherty, and our two 2015 scholarship recipients, Marissa Grubbs and Jacob Farrell.
Lauren has completed her freshman year at Central Washington University and remained on the Dean’s List throughout the year. She also obtained her private pilot’s license. Marissa has completed her sophomore year at Seattle Pacific University and is a Physics Teaching Assistant. Jacob will be entering his freshman year at Whitworth College, Spokane. Jacob is well prepared to pursue his passion in mechanical engineering.
As a start-up foundation, we expected moderate growth in finances and recipients in the first two years. As name recognition, branding, internet marketing, and personal/professional relationships increase, we are confident contributions to the foundation will increase along with the number of students we sponsor. A general fund summary follows:
With very low overhead, managing expenses has been of paramount importance. To date all expenses have been paid from special donations earmarked for business expenses. Therefore, we are confident we will be able to pass on nearly 100% of contributions to the selected receipients. As an investor you can be assured of continued fiduciary management of donations and support.