1. IVY FOUNDATION OF NORTHERN VIRGINIA, INC. Presented by: Hazel M. Cameron Chairman May 7, 2011 2010 ANNUAL REPORT 1

2. Mission The Corporation is organized as a membership corporation to pursue exclusively charitable and educational purposes to promote the well-being and betterment of mankind, and particularly to sponsor programs that address the needs of the community, with special emphasis on programs for families, cultural activities, and programs and services for youth, elderly, and disadvantaged persons to enhance their quality of life. 2

3. Organizational Structure IFNV sole member is Alpha Kappa Alpha Sorority, Inc. ®, Zeta Chi Omega Chapter Eight (9) board members Elected officers (i.e., President, Treasurer, President, Secretary & Assistant Secretary) Committees: ◦ Contract ◦ Finance ◦ IT Activities ◦ Grants (Proposed) 3

4. Organization Chart 4

5. Milestones Incorporated in Virginia in April 2001 First organizational meeting March 2002 Received 501(c)(3) federal tax exempt status August 2003 Received Authority to solicit as a civic organization in Virginia 5

6. 2010 FUNDRAISING SUMMARY EVENT TOTAL INCOME Cotillion $21,631.22 Ivy Bowl 3,585.00 Sophisticated Ladies (242.00) CM Luncheon Fashion Show 17,076.77 TOTAL $42,292.99 6

7. 2010 CONTRIBUTION SUMMARY REPORTS Report 2010 2009 2008 Educational $10,568* $11,363 $ 7,255 Scholarship 14,000 16,000 16,000 Charitable 11,394 11,701 * Does not include $40,000 to support the Cotillion. 7

8. ACCOUNTS BALANCE AS OF 12/31/2010 Account Balance Community Services $6,065.74 Scholarship $33,136.77 Administrative $5,716.54* * Includes 2010 obligations for website and 2009 audit. 8

9. 2010 OPERATIONAL ACHIEVEMENTS Approved audits for 2008 and 2009 2008 and 2009 income tax filed Tax exempt status from VA until 2015 Established Scholarship Account Approve establishment of a website Use QuickBooks to document income and expenses Developed a new contribution receipt 9

10. IFNV CONTRIBUTION RECEIPT 10

11. Administrative Budget 2010 Expenses Income $12,347.00 Expenses 8,708.00 Balance $ 3,639.00 Note: The 2011 administrative budget will be funded by assessing the CSA and SA to continue to cost to operate a 501(c)(3). 11

12. 2011 PROPOSED BUDGET Income $11,716 Expenses 11,716 Balance - 0 – Note: The 2011 expense reflects $1500 for 2010 obligations (website and 2009 audit); and $3500 contingency to ensure funds are available to meet audit and insurance obligations 12

13. 2011-YEAR FORECAST ◦ Cotillion ◦ Cooley Moore Luncheon Fashion Show ◦ Establishment Grant Committee ◦ Establish the IFNV Website in June 2011 ◦ Introduction of new receipt ◦ Create IFNV Brochure – June 2011 ◦ Ticket purchases & contributions via web ◦ Complete audit and submit IRS returns 13

14. 2012 FORECAST Cotillion Luncheon Fashion Show Ivy Ball Combined Federal Campaign Grants for Members program Development of a Strategic Plan for the Foundation 14

15. RECOMMENDATIONS & COMMENTS CM Scholarship award be a 4-year $8000 award @ $2,000 per school year. Member provides list of program activities by December 1. Soliciting Committee Chairman for: ◦ 2011-2012 Cotillion ◦ 2012 Luncheon Fashion Show ◦ Grants Committee 15

16. Future Goals Continue to support selected chapter activities for fundraising Apply for grants that support both chapter and foundation activities Strategic planning for fundraising attainment for 3 to 5 year 16

17. The End QUESTIONS? 17