EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported total incoming resources of $5,021,254 against total expenditure of $4,302,936, resulting in a net surplus for the year. The charity holds unrestricted funds of $1,117,490, which includes a designated reserve of $500,000 set aside for operational expenses, and the trustees confirm that the reserve policy has been met. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“In the band $168,221- $181,161 (£130,001 - £140,000) 1”
“The Board designated reserves have been set aside for the purposes of confronting operational expenses in case of a downturn in fundraising. The reserve policy of the Charity has been met at the balance sheet date as indicated by the separately designated Reserve fund shown in note 17.” — page 7
“During the year, management fees of $981,144 (2024 - $841,900) were payable to EMpower - The Emerging Markets Foundation for providing operating support.” — page 31
“At the balance sheet date $447,732 was due from (2024 - $5,080 was due to) EMpower - The Emerging Markets Foundation, a not for profit organisation incorporated in the United Stated of America (EMpower US), which shares common directors.” — page 31
“During the year, management fees of $981,144 (2024 - $841,900) were payable to EMpower - The Emerging Markets Foundation for providing operating support.” — page 31
“At the balance sheet date $447,732 was due from (2024 - $5,080 was due to) EMpower - The Emerging Markets Foundation, a not for profit organisation incorporated in the United Stated of America (EMpower US), which shares common directors.” — page 31
“During the year, management fees of $981,144 (2024 - $841,900) were payable to EMpower - The Emerging Markets Foundation for providing operating support.” — page 31
“At the balance sheet date $447,732 was due from (2024 - $5,080 was due to) EMpower - The Emerging Markets Foundation, a not for profit organisation incorporated in the United Stated of America (EMpower US), which shares common directors.” — page 31
“During the year, management fees of $981,144 (2024 - $841,900) were payable to EMpower - The Emerging Markets Foundation for providing operating support.” — page 31
“At the balance sheet date $447,732 was due from (2024 - $5,080 was due to) EMpower - The Emerging Markets Foundation, a not for profit organisation incorporated in the United Stated of America (EMpower US), which shares common directors.” — page 31
What the charity says about itself (2025)
“$61.4 MILLION GRANTS AWARDED”
“1.1 MILLION YOUTH DIRECTLY IMPACTED”
“$5.37 MILLION GRANTS AWARDED”
“74,859 YOUTH DIRECTLY IMPACTED”
Leadership, per the charity’s website
- Lauren Glenmere Furmanek — Director – Programmes, Strategy & Impact
- Henna Hemnani — Director, Partnerships (Asia) & Global FI Strategy
- Robin Barnes — Director, Partnerships (US) & Global Communications
- Adam Heuman — Executive Vice President
- Suvidha Hughes — Vice President, People, Governance & Operations
Funders the charity credits
- Quantedge Advancement Initiative
- VR Capital Group
- The Tides Foundation
- The Global Impact Fund for Women and Girls by Hauwa Ojeifo
- Seaport Global
- PIMCO
- Pictet Asset Management
- MarketAxess
- MFS
- JPMorganChase Foundation
- ICONIQ
- Ford Foundation
- Dodge & Cox
- Co-Impact
- Ares Foundation
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Finbar Cooke
- James Michael Ellery
- Jonathan Neva Bell
- Liliana Castillo Dearth
- Marc Christopher Balston
- Mary-Therese Barton
- Nicolette Naylor
- Nisha Dhawan
- OZAN TARMAN
- PARVOLETA SHTEREVA
- Rachel Andrews
- Susan Regina Dodge
- Swatee Deepak
- Toby Joseph Alan West
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £3.7m | £3.1m |
| 30/06/2024 | £2.7m | £3.2m |
| 30/06/2023 | £3.4m | £3.7m |
| 30/06/2022 | £3.4m | £4.2m |
| 30/06/2021 | £3.4m | £2.5m |
Common questions
Is EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED financially healthy?
The accounts state that the charity reported total incoming resources of $5,021,254 against total expenditure of $4,302,936, resulting in a net surplus for the year. The charity holds unrestricted funds of $1,117,490, which includes a designated reserve of $500,000 set aside for operational expenses, and the trustees confirm that the reserve policy has been met. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Lubbock Fine LLP.
What does the highest-paid employee of EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £130,001 - £140,000 band.
Who funds EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED?
Funders whose own accounts filings name EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED as a grant recipient include GOLDMAN SACHS GIVES (UK), THE BRADLEY AND KATHERINE WICKENS FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GOLDMAN SACHS GIVES (UK) | FY2023 | £675k |
| GOLDMAN SACHS GIVES (UK) | FY2024 | £596k |
| THE BRADLEY AND KATHERINE WICKENS FOUNDATION | FY2023 | £161k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |