The financial health of the Alzheimer's Association improved in fiscal year 2008 with the national organization recording total assets of almost $147 million, an increase of 4 percent compared to fiscal year 2007 assets of $141 million. Total revenues of $105.8 million increased 8 percent from 2007, of which $94.0 million came from donor contributions as more people joined us in the fight against Alzheimer’s disease. Together with our network of 77 affiliated chapters, unaudited revenues totaled nearly $258 million.

Expenses were well managed by the national organization. With our chapter network, the combined Alzheimer's Association expended over $181 million on program activities to forward our mission. To advance progress in Alzheimer science, we invested more than $32 million in research. As the largest funding resource after the U.S. government and the pharmaceutical industry, we strive to increase our research funding each year to achieve our vision of a world without Alzheimer’s.

The Association continues to meet and exceed minimum standards of 65 percent program expenses set by the BBB Wise Giving Alliance. We were at 77 percent.

During the year, the Alzheimer's Association made significant progress on several important goals related to its long-range strategic plan.

We are honored and grateful that our donors respect our stewardship, embrace our mission and are a vital part of the movement to conquer Alzheimer’s disease.

Michael Urbut, CPA
Treasurer, National Board of Directors