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ANNUAL REPORTRachel’s Network 2007

BOARD OF DIRECTORS

Caroline Gabel, chair

Irene Crowe, vice chair

Renee Ingold, treasurer

Kathy Borgen, secretary

Annette Gellert

Fa Liddell

Winsome McIntosh

Debbie Ross

Jocelyn Sladen

Victoria Stack

Carolyn Weinberger

STAFF

Winsome McIntosh, president

Thu Pham, chief operating officer

Miriam Feffer, associate director

Rachel Tabakman, program associate

Jody Spraker, program associate

CONTACT US

1200 18th Street NW, Suite 801

Washington, DC 20036

tel. 202.659.0846

fax 202.659.1333

www.RachelsNetwork.org

ENVIRONMENTAL LEADERSHIPLIAISONS

Nan Aron Alliance for Justice

Frances G. BeineckeNatural Resources Defense Council

Leslie CarothersEnvironmental Law Institute

Amy CoenPopulation Action International

Dr. Deborah GangloffAmerican Forests

Kathryn KennedyCenter for Plant Conservation

Vikki SpruillOcean Conservancy

Rebecca WodderAmerican Rivers

Rachel’s Network

FOUNDERS’ CIRCLE

Sally Brown

Harriet Bullitt

Gladys Cofrin

Caroline Gabel

Annette Gellert

Renee Ingold

Sidne J. Long

Alysia May

Winsome McIntosh

Dane Nichols

Christine Russell

Jocelyn Sladen

Victoria Stack

Barbra Streisand

Margery Tabankin

Leslie Turner

Lynde B. Uihlein

Tjiska Van Wyk

Carolyn Weinberger

CIRCLE OF ADVISORS

Rev. Sally Bingham Dr. Helen Caldicott

Jamie Rappaport Clark Dr. Theo Colborn Dr. Sylvia Earle Kathryn S. Fuller

Dr. Jane Goodall, DBEHazel Henderson L. Hunter Lovins

Dr. Carolyn MerchantNora Pouillon

Carolyn Raffensperger Debbie Walsh Alice Waters

Terry Tempest Williams

Message from the Board Chair 2

Message from the Founder & President 3

Member Services 4

Outreach Programs 6

Financial Report 8

Contents

RACHEL’S NETWORK 2007 BOARD OF DIRECTORS: (TOP ROW, FROM LEFT) ANNETTE GELLERT, CAROLYN WEIN-BERGER, VICTORIA STACK, WINSOME MCINTOSH, DEBBIE ROSS, JOCELYN SLADEN. (BOTTOM ROW, FROM LEFT)

FA LIDDELL, RENEE INGOLD, CAROLINE GABEL, IRENE CROWE, KATHY BORGEN. ALL RN PHOTOS: JIM MCLEAN

Message from the Board ChairOn behalf of Rachel’s Network’s board of directors, I•am pleased to present this 2007 AnnualReport. Thanks to the generosity of our members, funders, guest speakers, advisors, and manyother stakeholders, Rachel’s Network enjoyed an extraordinary year of advancement.

In 2007, the Network reached an unprecedented membership level, bringing together a groupof women who collectively control over $6 billion in assets and work to leverage their influenceinto strategically innovative projects that preserve our natural resources, sustain our health, andempower our fellow women leaders. Our members are not content to rest on their laurels andearn plaudits for their philanthropy -- they work confidently at the heart of the organizations theysupport, making strategic decisions that lead to visionary change. I am proud to be affiliatedwith this impressive cohort, but I am also heartened to think of each of them as a confidante andally.

This year, we were fortunate to have been sustained by the steadfast support of our membersand former members, as well as several extramural foundations. To our generous grantors, yourinvestment in our continued success conveys your endorsement of our achievements to date, andwe are committed to managing these gifts to maximize their impact. Your trust motivates us towork harder for our community of funders, for the greater environmental, health, and women’sempowerment movements, and for the planet we call home.

As you will read in these pages, 2007 was a year throughout which Rachel’s Network set newbenchmarks for success and set our sights on ambitious new programmatic goals. I feel privi-leged to have worked with so many insightful leaders who care deeply about our community,and I know that Winsome and the staff join me in inviting you to continue to play a role in ourcommunity in the years to come.

In appreciation,

Caroline GabelBoard Chair

2

Message from the Founder & PresidentRachel’s Network has come a long way since the moment of our founding in 2000, when 18women philanthropists joined forces around a shared commitment to conservation. Our initialvision was to create a community of funders who could advise, inspire, and encourage eachother to more effectively realize our vision of a better world.

Today, we are approaching the threshold of 100 members, who range in age from 27 to 97,span states from Hawaii to Maine, and represent all points along the political spectrum. Theyare dedicated to a diverse array of worthwhile causes and have committed their inexhaustiblesupply of energy to serving society. I am thrilled to have watched our membership expand toencompass this dazzling group of peers, but -- equally importantly -- I am awed whenever Iobserve the power of networking behind the productive partnerships our Network fosters.

Rachel’s Network now offers a wealth of educational resources to keep members in the vanguardof philanthropy and the issues important to us. Services such as our board placement programempower members to reach their full potential as leaders, while events such as our AnnualMeeting and Fall Retreat now attract preeminent experts and bring members together fromacross the country to network with like-minded peers.

When our Network was established, we dared not dream of the phenomenal outreach programswe have added to our roster in the last few years, using our strategic acumen to connect influ-ential leaders at the “grass-tops” level. Whether we are spreading the message of the threat ofunregulated toxic chemicals to our health, uniting Congresswomen across party lines to forgecollegial relationships, or brokering non-traditional alliances for the environment by bridginggaps between scientific and religious leaders, Rachel’s Network has earned a reputation as atrailblazing connector.

Another sign of our arrival at a new stage of maturity is this Annual Report, our first ever pro-duced as a stand-alone publication. I hope that you enjoy reading about the many new pro-grams we introduced in the past year and celebrating our accomplishments. We thank the manytalented and generous friends of Rachel’s Network who have helped us reach this point, and welook forward to continuing to share news of our progress as we continue to grow!

Sincerely,

Winsome McIntoshPresident & Founder

3

ANNUAL REPORT 2007

“RN events are always welcoming,interesting, sustaining, and sisterly.”

- Irene Crowe

EDUCATIONAL RESOURCES

As in previous years, RN secured a rosterof prominent leaders in philanthropy, gov-ernment, academia, and community-build-ing to address members about issuesimportant to them. In 2007, we held fourteleconferences and hosted Speaker Seriesevents in New York, San Francisco, andWashington, D.C. Resource packets,which keep members up to date on emerg-ing issues in conservation, women’sempowerment, and environmental health,were distributed in January and November,complete with films and articles on subjectsranging from climate change to foundationmanagement to polling data.

STAYING CONNECTED

Throughout the year, RN communicationsensured that members remained connectedto each other and the Network. Our week-ly news listserv disseminated stories culledfrom a variety of media outlets, while theevents listserv notified members aboutimportant gatherings across the country.The Green Leaves newsletter, with printedspring and winter issues and a summer e-bulletin, remained a vital source of newsabout issues of interest, RN programs, andmember projects. Our annual MembershipDirectory, sent in January, compiled mem-bers’ affiliations and interests to facilitatenetworking year-round.

The RN website was also regularly updat-ed with fresh news and photos, and weadded a “Member Projects” feature thatpermits members to showcase their person-al projects for peer feedback and advice.

PROGRAM DEVELOPMENT

In September, RN conducted the first mem-bership survey in five years, seeking feed-back on our performance. With over two-thirds of members participating, we werepleased to discover that members’ needswere met and exceeded by RN, and wehave incorporated their additional sugges-tions into subsequent program planning.

LEADERSHIP DEVELOPMENT

RN’s board placement program aims toredress the gender imbalance at the upper-most tiers of the environmental movementby promoting placement of our memberson the boards of regional, national, andinternational organizations. In 2007, wesuccessfully placed three RN members onprominent nonprofit boards and one on theboard of a California software company.

In November, we published the second edi-tion of our popular Board OrientationGuidebook, which deepens members’understanding of board service. RN alsocontinued to offer signature services suchas resume development, with four membersworking with our resume consultant and 31requesting business cards. This array ofservices prepares members to bring profes-sional-caliber polish to their volunteerismand remains a hallmark of RN, readyingour members to lead with distinction.

RN’s fiscal sponsorship fund allows mem-bers to develop new projects through ournonprofit structure. In October, the boardapproved a new initiative, the China/U.S.Environmental Education Project, which iscoordinated by RN member Montine Hanslof Honolulu and begins in 2008.

Member Services

“RN has given me a clear focus for myfunding endeavors – learning how tobetter place resources and giving methe tools to succeed.”

- Memphis Holland

In 2007, Rachel’s Network (RN) enjoyed continued success, empowering women funders with a shared commitment to conservation tobuild constructive alliances among peers. With exciting new programs that informed and connected members, outreach programs thatengaged emerging advocates, and a steadily growing base of support, we remained true to our mission of “promoting women asimpassioned leaders and agents of change dedicated to the stewardship of the earth.” We are pleased to present this update on ouraccomplishments throughout this busy and productive year.

4

MEMBERS DICKIE BOOKWALTER & JAN MONTGOMERY EXCHANGE BUSINESS CARDS WITH CHRISTOPHER

FLAVIN OF WORLDWATCH INSTITUTE.

MEMBERS PERUSE THE UPDATED BOARD ORIENTA-TION GUIDEBOOK AT THE FALL RETREAT.

BOARD OF DIRECTORS

RN’s board of directors was energized bya transition to greater engagement in theprogrammatic and strategic direction of theorganization. RN introduced a monthlyboard report, allowing directors to bettertrack our progress between meetings, andconducted a board self-assessment survey.A long range planning committee was con-vened to develop a board reflecting ourmaturing organization and chart a coursetoward our tenth anniversary in 2010.

ANNUAL MEETING

In March, 39 RN members met inWashington, D.C. for our Annual Meeting,which focused on business and the environ-ment, women’s leadership, and the centenni-al of our namesake, Rachel Carson. Notedbusiness experts enlightened us on their con-servation efforts, socially responsible invest-ing, and the promise of microlending. Wetraveled to Capitol Hill to meet with fiveCongresswomen, each of whom affirmedher dedication to protecting the environmentand working for women’s health. RN advi-sors joined the group for an intimate discus-sion, and the meeting concluded with a pri-vate discussion with Kaiulani Lee, writer andperformer of a one-woman play aboutRachel Carson.

RN MEMBERS OBSERVE MARINE LIFE IN MONTEREY, CALIFORNIA AT THE 2007 FALL RETREAT.

FALL RETREAT

The Fall Retreat, chaired by third-generationRN member and ocean advocate AnneRowley, focused on marine conservationand gathered 29 members in Monterey,California in October. We began with atour of the Monterey Bay Aquarium.Members had the opportunity to learn fromthe nation’s leading ocean advocates andcatch a sneak preview of films produced toeducate the public through entertainment.A noted sea turtle biologist presented hisfar-ranging work. With a whale-watchingvoyage and networking by the sea, theRetreat inspired members to multiply theirefforts to protect our “blue world.”

RACHEL’S ACTION NETWORK

Rachel’s Action Network (RAN), RN’s501(c)(4) sister organization, continued topromote women leaders advocating for ahealthy environment. RAN members -- whoare distinct from RN members -- receivedquarterly newsletters, weekly news list-servs, and valuable educational resourcesto enhance their individual political efforts.

RN extends sincere thanks toour 2007 event speakers:

Ray AndersonInterface, Inc.

Eric CarlsonCarbonfund.org

Rep. Melissa Bean (IL-8)

Shari BerenbachCalvert Foundation

Majora CarterSustainable South Bronx

Rep. Kathy Castor (FL-11)

Rev. Richard CizikNational Association of Evangelicals

Rep. Diana DeGette (CO-1)

Christopher FlavinWorldwatch Institute

Dr. William FreyBrookings Institution

Phyllis GreenbergerSociety for Women’s Health Research

Donna KatzinShared Interest

Kaiulani Leeplaywright/performer

Kathy LeonardUBS Financial Services

Rep. Gwen Moore (WI-4)

Rep. Sue Myrick (NC-9)

Dr. J. Nicholsmarine biologist

Cynthia OngLand Empowerment Animals People

Julie PackardMonterey Bay Aquarium

John PassacantandoGreenpeace USA

Bob PerkowitzecoAmerica

Daniella Russo, P.J. Simmons& Mark Shelley, Sea StudiosGwen Ruta & Sara H. Harper

Environmental Defense

Carl SafinaBlue Ocean Institute

Andrew SharplessOceana

Vikki SpruillOcean Conservancy

Thanks!

“Being around dedicated, action-ori-ented individuals at RN meetingsmakes me more enthusiastic aboutthe work I do.”

- Juliet Lamont

2007 ANNUAL REPORT

5

WINSOME MCINTOSH & RN BOARD MEMBER

DEBBIE ROSS GREET MEMBER CAROL BIRD

RAVENAL AT THE ANNUAL MEETING.

RN BOARD MEMBER IRENE CROWE HAS BLOOD

DRAWN FOR A BODY BURDEN TEST.

PROMOTING WOMEN’S LEADERSHIP

Modeled after RN’s success, theCongressional Women’s NetworkingInitiative (CWNI) provides opportunitiesfor the women in Congress to exchangeideas and advance mutual legislative inter-ests. In 2007, RN produced a second edi-tion of the Congressional Women’sDirectory, which includes biographicalsketches of all women in the House andSenate. We were repeatedly thanked byMembers for this resource, running a sec-ond printing to meet demand.

In the first half of the year, RN solidified ourpartnership with Harvard University’sInstitute of Politics to plan a CongressionalWomen’s Roundtable for January 2008, aday for women Members to learn fromexpert speakers and foster collegiality. Toguide the program, we assembled a bipar-tisan steering committee of 14 Congress-women, ranging from the most seniorwoman in the house to several newly elect-ed Members.

Throughout the year, we organized meet-ings for Congressional staff and Members-only events to cultivate participation, visit-ing more than half of the offices helmed byCongresswomen. In December, RN hosted

Outreach ProgramsMEASURING POLLUTION IN PEOPLE

Since 2005, RN has collaborated with theEnvironmental Working Group (EWG) on itsBody Burden project, which builds an evi-dentiary record of the human health conse-quences of exposure to industrial chemicals.

In 2005, RN and EWG conducted biomon-itoring tests on 18 members and their rela-tives and were appalled to learn the extentto which chemical contamination had per-meated their tissues. These sobering resultsgoaded RN to further action, with a focuson broadening testing beyond the initialpool of funders and scientists, who couldafford to pay for testing and were alreadyaware of the dangers of toxics.

6

ANNUAL REPORT 2007

“A human being, unlike a laboratoryanimal...is never exposed to one chemicalalone...This is a problem of ecology, ofinterrelationships, of interdependence.”

-Rachel Carson, Silent Spring

RN outreach programs empower emerging leaders at the “grass-tops” level, enabling them to make connections that enhance their influ-ence and fortify their capacities to effect change. These programs resonate with RN’s goals of women’s empowerment, advancing envi-ronmental health, and promoting conservation as a national priority. In 2007, each of our three outreach programs -- RN/EWG BodyBurden Collaboration, the Congressional Women’s Networking Initiative, and Strategic Connectors -- reached significant milestones intheir development, and RN is grateful to the members and external foundations who have supported these thriving initiatives.

CONGRESSWOMEN TOAST THE BENEFITS OF

In 2007, RN introduced a new prong ofthis program to advance our mission of ele-vating women as agents of change. Withthe help of new grantors, we raised fundsto conduct testing on five women leadersand ten samples of umbilical cord blood,all drawn from minority communities acrossthe country.

By June, RN successfully recruited a diversegroup of women subjects and identified asource of cord blood. Those women areSuzie Canales of Corpus Christi, Texas,executive director of Citizens forEnvironmental Justice; Vivian Chang ofOakland, California, executive director ofAsian Pacific Environmental Network;Jennifer Hill-Kelley, environmental qualitydirector of the Oneida Nation inWisconsin; Jean Salone of Corpus Christi,environmental justice advocate in theAfrican-American community; and Dr.Beverly Wright of New Orleans, sociolo-gist and founding director of the DeepSouth Center for Environmental Justice.

During the second half of the year, EWGworked to secure approval for these testsfrom an Institutional Review Board andbegan to coordinate sample collection. Bystrategically broadening the range of peo-ple tested, RN is helping EWG increaseattention to the prevalence of toxics and theneed for improved federal regulation.

REP. KAY GRANGER, WINSOME MCINTOSH, & REP.GWEN MOORE DISCUSS THE ROUNDTABLE AGENDA.

2007 ANNUAL REPORT

BROKERING STRATEGIC ALLIANCES

Since 2005, RN has forged new paths withour Strategic Connectors program,which supports the National Association ofEvangelicals’ (NAE) Creation CareInitiative, recognizing the potential of reli-gious groups interested in climate change.In 2007, RN continued to work closely withNAE Vice President Rev. Richard Cizik,connecting him with secular leaders andkey strategists in the environmental main-stream.

In August, Rev. Cizik co-led an expeditionto Alaska to witness the area’s environmen-tal degradation. The trip, which includedten noted scientists and evangelical lead-ers, was documented by a PBS film crew

“RN deserves the credit for all we haveaccomplished. Thank you for makingthis partnership work.”

- Rev. Richard Cizik

7

REV. CIZIK ENTERS THE GLOBAL LEADERS FORUM

WITH U.N. SECRETARY-GENERAL BAN KI-MOON.ERIC CHIVIAN, REV. CIZIK, & HARVARD SCIENTIST

JIM McCARTHY AT EXIT GLACIER, ALASKA

REV. CIZIK (L) LEADS AN EXPEDITION OF SCIENTISTS AND RELIGIOUS LEADERS TO ALASKA.

a Members-only dinner to discuss theRoundtable’s agenda, addressing chal-lenges to women’s mental health in the mil-itary and in prison. The Congresswomenchose to narrow the focus to issues of men-tal illness and resilience among womenreintegrating into society following combator incarceration.

Due to the success of this program at bring-ing Congresswomen together, we intend tocontinue the effort to enable these legisla-tors to transcend partisan interests andaddress issues important to women. TheCWNI program has raised the profile ofRN on Capitol Hill and enhanced our repu-ration as a “grass-tops” connector in impor-tant centers of power.

and broadcast on “Frontline” in October.His travel companions included co-leaderDr. Eric Chivian, director of HarvardMedical School’s Center for Health and theGlobal Environment, whose enduring part-nership with Rev. Cizik we initiated tobridge the gulf between science and faith.

In the same month, Rev. Cizik also co-host-ed a major international symposium ofevangelicals in Washington, D.C., atwhich U.N. Secretary-General Ban Ki-Moon delivered the opening address. Over300 theologians and scholars joined himto develop an action plan on creation care.

This progress is a direct result of our collab-orative support, which has doubled Rev.Cizik’s general operating budget inWashington, D.C. RN has given him thecapacity to pursue this trailblazing initia-tive, and we will continue to strengthen hisposition as an leader on creation care.

NETWORKING AT A CWNI EVENT IN DECEMBER.

PHOTO: CARL SAFINA

PHOTO: PBS--NOW PHOTO: WASHINGTON POST

RN BOARD CHAIR CAROLINE GABEL & TREASURER

RENEE INGOLD REVIEW THE FIGURES.

8

ANNUAL REPORT 2007

CARSON COUNCIL MEMBERSHIP

In 2007, RN met an ambitious recruitmenttarget of 20 new members, representing$100,000 in dues. A committed core ofrenewing members yielded an additional$220,000, for an annual retention rate of87 percent. Carson Council membershipmade up the largest revenue stream at 37percent of the year’s budget.

PROGRAM SUPPORT

RN adopted a meticulous approach to foun-dation relations in 2007. With a total of$205,000 sought, $125,000 was securedfrom outside foundations. Eleven RN mem-bers also supported 2007 outreach pro-grams, representing 16 percent of all rev-enues. Three members provided grantstotaling $14,000 to the RN/EWG BodyBurden Collaboration. Another three gavea total of $71,000 to CWNI. Five con-tributed $70,000 to Strategic Connectors.In the aggregate, 13 percent of the mem-bership participated in program support,with an average gift of $14,090.

GENERAL SUPPORT

In 2007, 14 percent of the membership con-tributed a total of $143,314 in unrestrictedgeneral support, with gifts ranging from$1,000 to $50,000. With an average con-tribution of $11,776, member general sup-port comprised 16 percent of annual rev-enues.

FACING 2008 WITH OPTIMISM

In 2007, RN tenaciously pursued founda-tion funding and prioritized the search forgeneral operating support to build finan-cial stability and engage new and return-ing stakeholders.

As a network of funders, RN’s strengthinheres in our members’ ability to exertinfluence through their giving. RN willalways strike a balance between encourag-ing members to pursue outside philanthrop-ic goals and promoting RN as a fundingpriority. As we continue to mature, we willencourage members and friends to recog-nize the Network’s value and include us intheir annual grantmaking programs to helpbuild our capacity.

With thanks to our generous funders, wecan consider 2007 a year that ushered inan era of broader development outreach.This advancement set us in good stead toapproach 2008 with every expectationthat RN will continue to flourish in the nextyear and beyond.

Financial Report

RN continued to build upon a strong financial foundation in 2007, seeking funding from several new sources and turning inward tomembers. Smaller revenue streams, including meeting fees and investment income, supplemented major gifts and membership dues,which remained the central sources of our stability and growth. With revenues of $868,071 and expenses of $793,092, RN exercisedresponsible fiscal discipline, enabling the organization to begin 2008 in sound financial health.

RN appreciates the generosity ofthe following supporters who

contributed major gifts of at least $5,000 outside of regular membership dues

RN MEMBERS

Sally BrownIrene Crowe

Carolyn Fine FriedmanCaroline GabelMarianne GabelAnnette Gellert

Jane GraceAnn Hunter-Welborn

Fa LiddellWinsome McIntosh

Abby MoffatAnn R. RobertsJocelyn SladenDiana Spencer

Barbra StreisandMarty Talbot

Lynde B. UihleinMarion R. Weber

Carolyn Weinberger

FOUNDATIONS

The Energy FoundationThe Roy Hunt Foundation

Marisla FoundationNational Environmental TrustWallace Genetic Foundation

2007 Major Donors

This report reflects general andprogram support grants given toRachel’s Network from January 1,2007 to December 31, 2007.Every effort has been made toensure accuracy; should an errorhave occurred, please call MiriamFeffer at 202.659.0846 with anycorrections.

In 2007, RN enjoyed a 10 percent gain in net assets. This rate perpetuates our steady growth,as observed over the past five years, and ensures institutional stability into the future.

Membership providedthe largest revenuestream, followed bymember general andprogram support andfoundation support.Sound investment deci-sions generated anadditional five percent,as did the RN/EWGBody Burden collabo-ration.

2007 REVENUES

The majority of the2007 budget supportedmember and outreachprograms. As in previ-ous years, RN contin-ued to maintain respon-sibly low overheadcosts, allocating onlynine percent of thebudget to managementexpenses and 12 per-cent to fundraising.

2007 EXPENDITURES

Foundations $125,000.00General Support $ 143,314.55Carson Council $ 319,692.43Program Support $ 142,014.34RAN Reimbursement $ 6,624.86RAN Revenue* $ 14,250.00Body Burden $ 44,000.00Meeting Fees $ 34,100.00Investment Income $ 41,127.12Realized Gains

& Losses $ (1,222.90)Unrealized Gains

& Losses $ (5,379.33)Miscellaneous $ 4,550.00Revenues $868,071.07

Leadership $ 22,930.38Website/Listserv $ 5,531.91Directory $ 20,348.84Newsletter $ 9,212.64Leadership Events $ 18,810.88Teleconference Calls $ 13,502.95Annual Meeting $ 65,445.48Fall Retreat $ 63,139.08Education $ 2,294.75Government Affairs $ 13,318.55CWNI $ 91,366.96RAN Expenses $ 8,054.55Fiscal Sponsor. Funds $ 9,788.23

WELL Network $ 17,298.69RN/EWG Body Burden $ 75,238.65Media Relations $ 28,088.99Strategic Connectors $158,498.38Program Subtotal $ 622,789.91

Management $ 73,999.56Fundraising $ 96,302.73Total Expenditures $793,092.20

Change in Assets $ 74,978.87Net Assets from 2006 $ 719,439.532007 Net Assets $794,418.40

EXPENDITURES

ASSETS

INSTITUTIONAL DEVELOPMENT

2007Financial Statements

*RN and RAN have several overlappingboard members but maintain separatememberships. RN does not exercise con-trol over RAN’s programs and/or assets.

REVENUES

9

2007 ANNUAL REPORT

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RACHEL’S NETWORK MEMBERS AT THE KENNEDY CENTER DURING THE 2007 ANNUAL MEETING IN WASHINGTON, D.C.