Zakat Foundation™ Nigeria is a non-profit organization dedicated to providing relief and assistance to the less privileged in the Nigerian society. Established in 2001, the organization has been at the forefront of providing humanitarian services to the needy, irrespective of religion, race, or ethnicity.
The year 2020 was a challenging year for the world, with the outbreak of the COVID-19 pandemic causing disruptions in various sectors of the economy, including the non-profit sector. Despite the challenges posed by the pandemic, Zakat Foundation™ Nigeria remained committed to its mission of providing relief and assistance to the less privileged in the society.
In its annual report for the year 2020, the organization outlined its activities, achievements, and challenges during the year. The report provides a detailed account of the impact of Zakat Foundation™ Nigeria's interventions on the beneficiaries, as well as its financial performance during the year.
Activities
In 2020, Zakat Foundation™ Nigeria carried out several activities to provide assistance to the less privileged in the society. The organization provided relief materials, such as food items, clothing, and medical supplies, to the vulnerable and needy in various parts of the country. The organization also provided financial assistance to individuals and families affected by the pandemic.
In addition to its relief efforts, Zakat Foundation™ Nigeria also provided educational support to indigent students through its scholarship program. The organization provided financial support to deserving students in primary, secondary, and tertiary institutions, enabling them to continue their education despite the challenges posed by the pandemic.
Achievements
Zakat Foundation™ Nigeria's interventions in 2020 had a significant impact on the beneficiaries, as evidenced by the organization's achievements during the year. The organization provided relief materials to over 60,000 households across various parts of the country, reaching over 300,000 individuals. The relief materials provided included food items, clothing, and medical supplies.
In addition to its relief efforts, Zakat Foundation™ Nigeria's scholarship program provided financial assistance to over 500 students in primary, secondary, and tertiary institutions. The organization's interventions in the education sector helped to ensure that deserving students had access to education despite the challenges posed by the pandemic.
Challenges
The outbreak of the COVID-19 pandemic posed several challenges to Zakat Foundation™ Nigeria's operations in 2020. The organization faced logistical challenges in delivering relief materials to the beneficiaries, as movement restrictions and lockdowns made it difficult to reach some areas. The pandemic also affected the organization's fundraising efforts, as many donors were also affected by the economic impact of the pandemic.
Despite these challenges, Zakat Foundation™ Nigeria remained committed to its mission of providing relief and assistance to the less privileged in the society. The organization leveraged technology to overcome some of the logistical challenges, using online platforms to reach some of the beneficiaries. The organization also intensified its fundraising efforts, leveraging its partnerships and networks to raise funds for its interventions.
Financial Performance
Zakat Foundation™ Nigeria's financial performance in 2020 was strong, with the organization recording a total income of over N1.2 billion. The organization's income was derived from various sources, including donations, grants, and investment income. The organization's expenditure for the year was also significant, totaling over N1 billion.
The organization's expenditure was primarily on its relief efforts and educational support program, with the bulk of the funds expended on providing relief materials and financial assistance to the less privileged in the society. The organization's financial report for the year 2020 indicates that the organization remained financially stable despite the challenges posed by the pandemic.
