Child’s Dream & diversethics Foundation

Consolidated Annual Report 2009

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Table of Contents Page

Introduction 3 Organisational Overview

Organisational Structure 5 Mandate 5 Values 6 Approach 6 History & Milestones 7

Communities we serve Mekong Sub-Regional Overview 8 Statistics 8 Our Work in the Mekong Sub-Region 9

Conceptual Overview of our Initiatives 10

Our three Focus Groups Health 11 Basic Education 11 Higher Education 12

Financial Information Sources and Uses of Funds 13 Consolidated Financials 14 Balance Sheet 14 Statement of Operations 15

Why Support Child’s Dream & diversethics Foundation? 16

How you can Help Donating 17 Designated Project Funding 18 Donations in Kind 18 Volunteering 18

Contact Information & Legal Domiciles 19

Appendix: Legal Entities & Representatives 20

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Introduction

2009 – A year of changes, not only for Child’s Dream & diversethics Foundation. Since its establishment in 2003, our activities have continuously and considerably grown. Not only have we implemented more projects and started more programmes, but the topics we were confronted with have changed and became more diverse. It was therefore time in 2009 to take a step back, to think about our work, to review our strategy and question our organisational structure. We organised numerous brainstorming sessions and workshops including all our team members from Thailand and Cambodia. A clearer and more streamlined structure soon emerged from these meetings. As a result, we now have three focus groups: Health, Basic Education and Higher Education. These focus groups are supported by a strong administration team. Members of our administration team took on new, non-core assignments related to one or more focus groups. A significantly broader job scope and increased responsibilities yielded in higher job satisfaction and motivation. It took many months but we are very proud that each and everyone in our team very actively participated in this process to create an even more powerful and efficient organisation. Thanks to all our donors’ continued strong support and trust we achieved a donation volume of CHF 4,047,3131 in 2009, which is 8.7% above our 2008 donation volume. Considering the very difficult economic environment we would never have thought this possible and we want to express our sincere gratitude for all your support and trust. As a consequence, our administration ratio was 6.6% for 2009. We are of course relieved to see that we were able to maintain it at a low level. Again, please be ensured that every Swiss franc, Euro or dollar counts and makes a difference to our charities. Smaller donations are the lifeline of the organisation, they give us the freedom we need to operate. In 2009 we received two very large grants from corporate donors. The Asian Pacific Philanthropy Committee of Credit Suisse granted us US$ 250,000, which enables us to build 30 new classrooms in Laos. The classrooms are still under construction and will be completed in 2010. MAN Investments organized a charity swim on Lake Zurich in September 2009 at which they collected the amazing sum of CHF 144,000 that was granted to Child’s Dream. We are very grateful for these two substantial grants and would like to extend our thanks to the employees of Credit Suisse and MAN Investments who have made this possible. On 26th May 2009, we celebrated the opening of the Children’s' Development Center (CDC), our largest project ever. The sheer scale of the opening ceremony attracted an audience of nearly 2,000 people which consisted of students, parents, teachers, government officials and NGO workers. The diversity and strength of the audience showed the importance of the project. CDC is a school for children of migrant workers, predominantly Burmese, living in Thailand. Over the years, the old school has steadily grown from only children of workers from the nearby Mae Tao Clinic to what is today the largest migrant learning center in Thailand, with approximately 1,200 students. Before Child's Dream's support, the school was operating across several buildings, including an old wooden two-storey house and a disused factory. The school has now a beautiful and spacious campus, consisting of two 2-storey buildings with a total of 38 rooms for classes and offices, a school canteen/assembly hall, and three separate buildings housing toilets and hand washing stations. The campus also includes a large grassy assembly field and three sports courts for basketball, cane ball and volleyball as well as three separate playground areas. Our Cambodian organisation (formerly called KAKO) has changed its name to ‘Child’s Dream Akphiwat Khmer’ and adopted our logo along with this change. ‘Akphiwat’ stands for ‘support’ whereas ‘Khmer’ stands for Cambodia as a country as well as for its people. With this step, the full integration of our Cambodian entity was completed.

1 Total donations of all three legal entities Child’s Dream Association (Switzerland), Child’s Dream Foundation (Thailand) and diversethics Foundation, whereas the consolidated financials include only Child’s Dream Association (Switzerland) und Child’s Dream Foundation (Thailand).

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We have been working on offering tax breaks for donors living in a number of European countries. We are happy to announce that tax efficient giving is now possible in Germany, France, Italy, the Netherlands and the UK. These countries join the existing arrangements we have in Australia, Hong Kong and the USA. Please visit the donor section of the respective webpage for more information since not all tax arrangements are available for all our legal entities. Last year, Swiss media showed an increased interest in our work. In March 2009 we were interviewed by ‘Radio Grischa’, a local radio station in Chur/Switzerland. Christoph Wehrli, a journalist of renowned Swiss daily newspaper ‘Neue Zuercher Zeitung’ wrote and published an article about our work in May 2009 and last but not least, Marc Jenni travelled to one of our Laotians school opening celebrations with Swiss journalist Daniela Lager from ’10 vor 10’. This short report was broadcasted on Swiss prime time news on SF DRS on 4th January 2010. 2009, a year of changes for Child’s Dream & diversethics Foundation! A year of hard work, but again a very rewarding year for us. We have seen school children’s’ eyes sparkling when they got their own notebook and pencil for the first time in their life, we have seen children recovering from difficult surgery and hospital stays, we have seen school buildings growing brick by brick and we have seen university students graduating and starting their first jobs. A big thank you goes again to all our donors, small and big, for their valued and continued support and trust. And finally, all this would never have been possible without our fantastic team. The outstanding commitment and dedication of each and everyone makes our organisation successful. Thank you, Child’s Dream/diversethics Foundation team, for being part of our ‘dream’.

Marc Thomas Jenni Daniel Marco Siegfried Founder Founder

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Organisational Overview

Organisational Structure

Mandate

Child’s Dream and diversethics Foundation are charitable organisations with the goal to provide disadvantaged, prosecuted and oppressed children/juveniles in Asia with material assistance and assistance to self-help. We also support communities by improving health, hygiene and educational standards. Our organisations thereby combat exploitation and abuse of children and communities.

We concentrate primarily on the Mekong Sub-Region, covering Thailand, Burma, Laos and Cambodia.

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Values

Approach ‘Give a man fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.’ However, successful development assistance does not begin with giving fish or teaching how to fish, but with understanding whether this man wants fish.

As it is our belief that the relationship with the local community is of utmost importance to the successful implementation of a project as well as its sustainability, we place a huge emphasis on establishing trusting relationships with community leaders and villagers. The key to this is to take the time required to carefully listen and understand the real needs of the community.

We aim to address the needs of whole communities by applying a holistic approach and placing community needs in the centre of our work. This bottom-up approach prevents us from imposing one specific type of assistance or idea onto the beneficiaries.

As education is considered to be very important by most people, the schools that we build act as “door opener” to the villagers’ cooperation. We utilise the relationships we create and nurture whilst constructing schools to assist the villagers to overcome the obstacles that prevent their sustainable development. We can assist not only by supporting educational needs but also by supplying and supporting access to electricity, clean water, sanitation and appropriate health care to communities.

Promoting and protecting the rights of the child

Provide for children exposed to extreme poverty, for example by providing access to food, shelter, hygiene, healthcare and education

Focusing on the needs of the beneficiaries

A bottom-up approach, putting the needs of the beneficiaries at the centre of our work

Using resources efficiently and effectively

Allocate funds where we have the biggest impact; thorough due diligence; administration expense ratio well below industry average

Maintaining full transparency and accountability

Transparency supported by financial reports and annual audits, which are publicly available on our websites

Acknowledging and valuing diversity

Support those in need, regardless of nationality, gender, religion, ethnic affiliation etc

Reflecting on and continually improving our work

Ongoing evaluation and monitoring to constantly improve our work

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History & Milestones

After many years of banking in Switzerland, Hong Kong, Seoul and Singapore, Marc and Daniel moved to Chiang Mai in August 2003 in order to establish an organisation to effectively help children in the Golden Triangle. Together with friends and family members, Child’s Dream Association, our first organisation, was founded in Switzerland on 22 October 2003. On that day an exciting journey began.

Child’s Dream Team in 2004

Child’s Dream Team in 2006

Child’s Dream Team in 2008

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Communities we serve Mekong Sub-Regional (MSR) - Overview

The Mekong Sub-Region (MSR) is composed of the countries of Burma, Laos, Thailand, Cambodia, and Vietnam and is glued together by the lower parts of the mighty Mekong River.

This area is amazingly diverse in many respects including biodiversity (second only to the Amazon), natural resources, cultural wealth (literally hundreds of ethnic groups with their own distinctive cultures), and, notably, social development. Three of the MSR countries are ranked among the world's least developed (Laos, Cambodia and Burma); while the remaining two are among the world's fastest developing. For these reasons, the MSR is a potent mixture, and a recipe for both humanitarian and ecological disasters as this is the frontier where the least developed countries fall prey to the fastest developing.

Uneven development across the MSR countries has created many disturbing issues in the region. More often than not, governments focus on development of natural resource extraction for export, rather than the development of communities. Of the 218 million people in the MSR, well over half are employed in agriculture - many being subsistence farmers and fishermen and living on only a few dollars per day. As the rate of urbanisation and development increases, people are under intense pressure to improve their livelihoods for survival. This is difficult to achieve because education is often lacking and illiteracy is as high as one third of the population in some MSR countries.

Furthermore, health care systems are inadequate and access to clean water remains beyond the reach of many rural communities. As a consequence, the rural-urban divide is widening and rural villages, ethnic minorities, and other marginalised people are exposed to an increasingly alarming degree of exploitation. As the most vulnerable members of these communities, children face especially high risk of exploitation. Add the usual layer of corruption to this setting and you pave the way for drug and human trafficking, forced resettlement, and natural resource mismanagement. The result is some of the poorest living conditions anywhere in the world, an entrenched poverty cycle and communities who are unable to improve their livelihoods or secure those of their children. Statistics

Thailand Laos Burma Cambodia Japan Switzerland

Human Development Index Ranking (out of 182)

87 133 138 137 10 9

GDP/capita 2009 ('000 USD) $8.1 $2.1 $1.2 $1.9 $32.6 $41.6

Population 2009 ('m) 66.0 6.8 48.1 14.5 127.1 7.6

Literacy rate 92.6% 68.7% 89.9% 73.6% 99.0% 99.0%

Life Expectancy (years) 73.1 56.6 63.4 62.1 82.1 80.9

Percent of labour force engaged in agriculture

42.6% 80% 70% 75% 4.4% 3.9%

Infant mortality rate (deaths per 1,000 live births)

17.48 77.8 47.6 54.8 2.8 4.2

Population, urban (% of total population) 2008

33% 31% 33% 22% 66% 73%

Sources: United Nations Development Programme. UNDP Human Development Reports 2009, http://hdr.undp.org/en/statistics/; Central Intelligence Agency. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/geos/cb.html;

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Our Work in the Mekong Sub-Region The table below is grouped by origin/nationality of our beneficiaries. Given tremendously high numbers of displaced people, whether internally or cross country, the table gives no indication on the country of residence. E.g. most of our Burmese beneficiaries are hosted in Thailand.

Child’s Dream offices

Note: Figures denote % of total 2009 project/programme expenditure spent

Thailand – 7%

Child‘s Dream

• 11 schools completed

• 5 boarding houses completed, 3

under construction

• 5 nurseries completed, 1 under

construction

• 2 vocational learning centres

Burma – 70% Child‘s Dream

• 6 schools and 3 further

education facilities completed

• Children Medical Fund

• Stationary Bank

diversethics Foundation

• Malaria Control Programme

• Scholarship Programme

• Basic Health Interventions for

Children

Cambodia – 10% Child‘s Dream

• 6 schools, 1 education facility

and 1 boarding house

completed

• 1 school under construction

• Coverage of running costs for

Basic Education Programme,

Community Learning Centers,

Scholarship Programme and

Income Generation

Programme

Laos – 13% Child‘s Dream

• 26 schools completed

• 10 schools under construction

diversethics Foundation

• 2 solar charging stations

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Conceptual Overview of our Initiatives

With a major strategic overhaul in 2009, we addressed problems and issues resulting from the rapid growth we have been experiencing over the past few years. Valuable feedback from our staff also contributed towards defining a new strategy for our organisations. The result was a reorganization of our structure away from a country-specific arrangement towards a focus group orientated solution which is more appropriate to reach our goal as well as managing the growing portfolio of projects and programmes. Hence, three focus groups were created:

Health Basic Education Higher Education

While Basic Education and Higher Education are key drivers to sustainable development in the Mekong Sub-Region, Health is an important first intervention in order to facilitate the step to the next higher level.

We are confident that with this new organisational structure we are able to cope better with current and future challenges and are able to deliver our support in the most effective way possible.

The diagram below summarises our new organisation structure:

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Objectives

to offer basic education for all in order to improve literacy and create alternatives to exploitation

Over 30,000 students have received school supplies (pencils, pens, notebooks, etc.) and sports

material (footballs, volleyballs, cane balls, etc.)

Over 2,000 teachers have received teaching supplies (pens, paper, scissors, chalk, etc.)

We built 50 nursery, primary or secondary schools for about 10,000 children

About 600 children are staying in our 10 boarding houses

How we help

Our three Focus Groups Health

Basic Education

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Objectives

to create opportunities for employment and income generation, knowledge and skills transfer and

community capacity building

72 academically strong students are currently studying at universities in Thailand and Hong Kong

380 bright students are currently studying in our three colleges in two refugee camps

20 students are in a one-year preparation course that will allow them to gain international accepted

high school accreditation

Over 60 students received soft skills trainings that increases their job opportunities

20 students are doing an internship in companies

How we help

Higher Education

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38%

17%8%

8%

8%

7%

5%5%4%

SwitzerlandJapanThailandSingaporeHong KongUnited KingdomAustraliaKuwaitOthers

26%

26%12%

7%

7%

7%

6%4%3% Japan

SwitzerlandUKThailandAustraliaUSASingaporeHong KongNetherlandsOther

70%

13%

10%

7%

Burma

Laos

Cambodia

Thailand

45%

33%

22% Basic Education

Higher Education

Health

Financial Information Sources and Uses of Funds2

Origin of donations for all legal entities 2009: Total CHF 4,047,313 2008: Total CHF 3,721,702

Project expenditure by Project expenditure by origin/nationality of beneficiaries 2009 focus group 2009 2009: Total CHF 2’457’322 2009: Total CHF 2’457’322

2 Total donations of all three legal entities Child’s Dream Association (Switzerland), Child’s Dream Foundation (Thailand) and diversethics Foundation, whereas the consolidated financials include only Child’s Dream Association (Switzerland) und Child’s Dream Foundation (Thailand).

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Consolidated Financials

Below you find the consolidated figures of Child’s Dream Foundation (Thailand) and Child’s Dream Association (Switzerland) only. The financials of diversethics Foundation are not yet consolidated. The reporting period of diversethics Foundation will change in 2010 in order to be aligned with all our other legal entities (change from 01.07.xxxx – 30.06.xxxx to 01.01.xxxxx – 31.12.xxxx). Hence, the financial report for diversethics Foundation will only be consolidated in the 2010 report.

Balance Sheet (in CHF)

31.12.2009 31.12.2008

Assets

Liquid assets 2,987,128 1,928,816

Inventories 787 -

Fixed Assets 671,317 686,886

Total assets 3,659,232

2,615,702

Liabilities, funds and capital

Liabilities 25,517 13,045

Restricted funds 391,366 305,904

Paid-in capital 9,569 9,784

Internally generated unrestricted operating funds 964,019 656264

Unrestricted capital 2,268,761 1,630,705

Surplus for the year (after allocation) - -

Total liabilities, funds and capital 3,659,232

2,615,702

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Statement of Operations (in CHF)

1.1.2009- 31.12.2009

1.1.2008 -

31.12.2008

Income

Donation private individuals 986,779 850,762

Restricted 856,762 1,843,541 801,390 1,652,152

Donations corporate 450,793 790,645

Restricted 884,815 1,335,608 450,137 1,240,782

Interest 13,686 24,436

Total Income 3,192,835 2,917,370

Expenditure

Project expenditure 1,931,968 2,568,029

Administration & fundraising expenditure

Personnel Costs 229,360 167,083

Rent & Utilities 2,673 9,563

Vehicle, Transport & Travel 5,212 18,688

Admin, Communication & IT 20,086 26,244

Financial costs 1,144 730

Depreciation 11,142 5,554

Provisions 12,759 9,910

Other costs 9,822 4,675

Overhead Contribution from diversethics Foundation Switzerland - 80,813 211,385 - 40,448 201,999

Total expenditure 2,143,353 2,770,028

Allocation to restricted funds 85,462 -508,923

Surplus for the year (prior to allocation) 964,020 656,265

Total 3,192,835 2,917,370

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Why Support Child’s Dream & diversethics Foundation?

Over the last 6 years, Child’s Dream and diversethics Foundation have developed into well run, cost-effective and accomplished organisations fulfilling its responsibilities towards its many stakeholders: the donors, the communities we serve, our staff and the many partner organisations we work with. Every Dollar we receive brings a real result and helps realise a child’s dream and improve the situation of communities in the Mekong Sub-Region. We truly enjoy what we are doing • We have highly motivated staff that allows us to go ‘the extra mile’ We have immediate access to beneficiaries • Small local organisations often have larger impacts on beneficiaries but are not accessible to donors • Our extensive network, expertise and successful track record in cooperating with small local

organisations enables us to build a bridge between beneficiaries and donors We speak the local languages and understand the cultures • We are able to understand the needs of the communities we support and this in their respective

language We ensure thorough due diligence and operational excellence • Guarantees proper use of funds • We accept approximately 1 out of 10 proposals we receive We operate at low administration expenditure (well below 10%) • The highest social impact for every $ donated Our track record • Our extensive experience improves the success rate of project implementation • Over our 6 year history we have made a positive impact on well over 100,000 lives • Our donation volume has increased consistently from CHF 0.6 mio in 2005 to over 4 mio in 2009

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How you can help If you want to make a difference - even if it seems like a drop in the ocean - we will ensure that any donation you are able to make improves the lives of children and communities in the Mekong-Sub Region. Donating Undesignated donations Over half of our funding comes from general/undesignated donations from individual and corporate donors. All donated funds are used for a purely charitable cause. Credit card Card donations can be made through our SSL-secured and encrypted website. We accept VISA, MasterCard (Eurocard), American Express and Diners. PayPal Donations by PayPal can be made on www.paypal.com or by following the link on our webpage. You will need the following information for a Paypal donation: Account: Child’s Dream or diversethics Foundation E-mail: info@childsdream.org or info@diversethics-foundation.org Cheques Please make cheques payable to ‘Child’s Dream Association’ or ‘diversethics Foundation‘ and send them to our address in Chiang Mai (refer to contact information). Bank Transfer Please consult the respective website for details on how to make a bank transfer to our accounts. Tax–efficient giving Tax-efficient giving is possible for residents of certain countries. Residents of Switzerland, the Netherlands, Hong Kong, Australia, France, Germany, Italy, UK and US should check our website for details on how to donate tax-efficiently.

What your donation can achieve

US$10 buys 110 bricks to build a school, or 2 toilet bowls

US$50 buys 5 complete sets of a

school uniform or 1,000 pencils

US$100 buys 800 notebooks or 400 kg

of rice

US$500 buys 3,000 school meals or

1,110 toothbrushes

US$ 1,000 provides malaria treatment for

170 affected children

US$8,000 provides a university scholarship for a year

US$30,000 can build a whole school

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Designated Project Funding Quite often, we receive requests from large donors who are interested in directing their donations to designated projects or special purposes. For example, you can sponsor the costs of an entire school building project or fund the scholarships for a group of students. Or you may approach us to organise a “Gift for the Children”-project, an ad hoc activity for which we use the special fund to buy gifts for the kids or fund an excursion such as to take them to the zoo. Many of the children have never received a gift in their lives, least of all something to play, paint or write with. For designated project funding, the donor will first receive a proposal from us outlining the scope of the project, its objectives, the implementation plan, the budget and a situation analysis providing background information on the communities and their needs. Once agreed, we start with the implementation. We kindly ask you for your understanding that designated project funding requires a certain minimum amount in order to maintain our operational efficiency. During the implementation phase, the donor will receive regular updates about the project status as well as a summary of the expenditures to date. Once the project is completed, a final report containing a project chronology, an assessment of the project performances against its original objectives and the final costs will be presented to the donor, along with many field photos. Very frequently, our donors wish to see the results of their donations and they attend the opening ceremony of a new building or visit the site during or after completion. One of our donors who sponsors several Burmese scholars met them during one of her trips to Thailand. These are special moments for all parties. Donations in Kind We also welcome donations in kind such as stationery, building materials, IT hardware/software, mobile phones, medical supplies, airline miles or anything that can be used for our projects or office. We have set up a ‘Stationery Bank’ to supply school materials such as writing pads, pencils, books etc. to migrant schools. Reliable IT and communication hardware such as desktop computers, laptops, printers and mobile phones allow our staff members - both in the office and in the field - to improve the efficiency of their work and deliver better services to the communities we serve. Please do contact us before sending goods from outside Thailand. Customs regulations can be very costly. Volunteering In addition, we are constantly looking for volunteers who would like to work in our Chiang Mai or Siem Reap offices or on site of a project. We are particularly interested in volunteers with a professional background in teaching, medicine, IT or civil engineering. However, we consider candidates with other professional backgrounds as well. For instance, this annual report is prepared with the help of volunteers, as is our website which is maintained by a team of Swiss based volunteers.

For any questions regarding donations and volunteer opportunities, please contact info@childsdream.org or info@diversethics-foundation.org

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Contact Information Child’s Dream 238/3 Wualai Road T. Haiya, A. Muang Chiang Mai 50100 Thailand Tel: +66 (0)53 201 811 Fax: +66 (0)53 201 812 E-mail info@childsdream.org Web: www.childsdream.org (English)

www.kindertraum.org (German) Child’s Dream Akphiwat Khmer #040, National Road No. 6 Salakansaeng Village, Svay Dang Kum Commune Siem Reap Cambodia Tel/Fax: +855 (0)63 760 017 E-mail: info@childsdream.org Web: www.childsdream.org diversethics Foundation 238/3 Wualai Road T. Haiya, A. Muang Chiang Mai 50100 Thailand Tel: +66 (0)53 201 811 Fax: +66 (0)53 201 812 E-mail info@diversethics-foundation.org Web: www.diversethics-foundation.org

Legal Domiciles Child’s Dream Association c/o Ritter Rechtsanwaelte AG Bahnhofstrasse 26 8001 Zurich Switzerland Child’s Dream Foundation 238/3 Wualai Road T. Haiya, A. Muang Chiang Mai 50100 Thailand Child’s Dream Akphiwat Khmer #040, National Road No. 6 Salakansaeng Village, Svay Dang Kum Commune Siem Reap Cambodia diversethics Foundation c/o Ritter Rechtsanwaelte AG Bahnhofstrasse 26 8001 Zurich Switzerland

Please always contact us in Chiang Mai / Thailand

Please visit and contact us! We will be happy to show you where and how we work. It would be a privilege to bring you our very special world a bit closer.

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Fundraising and Project Implementation

Related Entities:

• Child’s Dream Association Switzerland

• diversethics Foundation Switzerland

Fundraising Only

Related entities:

• Child’s Dream - diversethics Foundation Hong Kong

Representative entities:

• USA: Give2Asia

• Australia: Charities Aid Foundation

• Transnational Giving Europe (for France, Germany, Italy, the Netherlands and UK)

Project Implementation Only

Related entities

• Child’s Dream Foundation Thailand

Appendix: Legal Entities & Representatives

Child’s Dream Association Switzerland was established in 2003 as a charity organisation under Swiss law. It is registered in the company registry of the Canton of Zurich. The Association has been tax exempt by the tax authorities of the Canton of Zurich, all other Swiss cantons and the Swiss federal tax authorities.

In November 2005, Child’s Dream Foundation Thailand was established to facilitate project implementation in the Mekong Sub Region (MSR). Being based in Thailand also required a formal legal domicile. We are registered with the ministry of interior of the Royal Thai government in Chiang Mai.

As our involvement in the Mekong Sub-Region grew to be more complex, issues affecting entire communities were drawn to our attention (e.g. spread of malaria, water and energy supply issues, lack of university scholarships for students from Burma). As Child’s Dream's mandate is limited to children, diversethics Foundation was established in 2006 to support entire communities, complementing the work of Child's Dream. The Swiss Ministry of Interior monitors the activities of the Foundation. It is registered in the company registry of the Canton of Zurich. diversethics Foundation enjoys the same legal rights as Child’s Dream Association in terms of tax-exemption in Switzerland.

In 2008, KAKO (Khmer Akphiwat Khmer Organisation) was fully integrated into the Child’s Dream family and, subsequently changing its name to Child’s Dream Akphiwat Khmer in July 2009. Previously, KAKO was run as a local Cambodian non-profit organisation, which Child’s Dream supported. Child’s Dream Akphiwat Khmer now provides the platform for our projects in Cambodia.

In 2008, the legal entity of Child’s Dream – diversethics Foundation Hong Kong was incorporated for the purpose of facilitating tax-efficient giving for donors domiciled in this country. In addition, in the USA, Australia and Europe we work with partner organisations to allow tax efficient donations.

We are constantly working on establishing new tax-effective solutions for our donors.