The document is a 2014 donor impact report from Worldfund, an organization that provides training to teachers and principals in Latin America. It summarizes that in 2014, Worldfund trained over 1,000 principals and hundreds of teachers through its STEM, LISTO, and IAPE programs, impacting over 500,000 students. It highlights results showing improvements in student performance, school culture, and teacher practices from Worldfund's training programs. It also provides financial information, expressing gratitude to donors for helping Worldfund achieve success in improving education in Latin America.

1. 2014 Donor Impact Report
inspiring teachers>creating leaders
inspirando a maestros> formando líderes
inspirando professores>criando líderes

2. ALetterfromOurExecutiveDirector Dear Friends of Worldfund,
Here at Worldfund, we envision a future where:
To pursue this mission, we work with educators in Mexico and Brazil to:
In 2014, we trained hundreds of teachers and principals through our
STEM, LISTO and IAPE programs.
Our guiding principals are:
They haven’t changed over this past year, but we have. Read on to
learn more about what we changed this year and, more importantly,
what changed us.
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Angelica Ocampo, Worldfund Executive Director
“every child in Latin America benefits from exceptional educators who
inspire them to learn the skills necessary for dignified work and life.”
“deliver world-class training and ongoing support to teachers and
principals from underserved schools in Latin America, fundamentally
impacting the system from the bottom up.”
“We believe a quality education is every person’s human right.
We believe education is a cornerstone of individual actualization, civic
health and economic growth.
We believe teachers and principals are key to learning.
We believe raising educational quality in Latin America requires changing
mindsets and practices of teachers and principals.
We believe high performing educators have an extraordinarily valuable and
difficult vocation and deserve to be treated with great respect.”
TableofContents
1
Letter from Our Executive Director
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2
2014 Highlights
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3
2014 Impact Numbers
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4
IAPE Program
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5
IAPE Impact
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6
LISTO Program
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7
LISTO Impact
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8
STEM Brasil Program
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9
STEM Brasil Impact
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10
Partner Schools Program
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11
2015 Highlights
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12
Financial Highlights
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13
Our Supporters
1

3. 2014 Highlights
The Inter-American Development Bank
published findings from an RCT,
demonstrating remarkable results from our
IAPE Intensive English Program.
Credit Suisse volunteers, Erge Hodanci and
Gaetano Fornelli, provided Mentoring
Workshops in São Paulo.
All LISTO program content and evaluations
were delivered online.
STEM Brasil expanded to a new state -
Rio Grande do Sul.
Over the last 12 months, the number of
teachers collaborating and sharing best
practices with their peers on the IAPE online
Forum has doubled.
The LISTO Program piloted an evaluation
project where parents, teachers and students
evaluated school culture.
2

4. IAPE LISTO STEM Brasil
Who Was Impacted by This Year’s Programs?
Those 1,028 principals
have impacted
39,400 teachers
in
961 schools.
Those 1,028 principals
impacted
502,034 total students.
StudentImpactTeacherImpact
TeacherImpact
TeacherImpactStudentImpact
StudentImpact
289 teachers have been trained in
annual sessions through the
Teachers’ Collaborative US program
in the past 8 years.
118 additional teachers have been
trained in Mexico through the
Teachers’ Collaborative Mexico
program in the past 3 years.
330,000 students were directly
impacted by IAPE-trained teachers
in Mexico in 2014.
500,000 more were
indirectly impacted by IAPE-
trained teachers.
100,000 students were impacted
this year by STEM Brasil-trained
teachers and teacher coordinators.
TrainerImpact
200 teacher
coordinators (PCNPs)
conducted
4 teacher trainings throughout
the state of São Paulo.
Those 200 coordinators trained
1,300 additional teachers in
121 schools in São Paulo.
200 more teachers were trained
in 30 schools in Rio Grande do
Sul.
TeacherImpact
3
1,335 teachers trained in 36
different sessions through the
Intensive English program since
March of 2007.
PrincipalImpact
185 participants in 3 states
completed their LISTO training
this year.
1,028 total principals have
become involved in the LISTO
program to-date.

5. IAPE: The Inter-American Partnership for Education
IAPE Program Profile
Goal: To create a community of innovative and com-
mitted English language educators who will work
together to transform English instruction in Mexico.
Launched in: 2007
Locations: Participants from 27 states in
Mexico; New Hampshire, USA
Number of teachers participating: 1,742
4
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IAPE offers three different programs:
IAPE Teachers’ Collaborative US
IAPE Teachers’ Collaborative Mexico
IAPE Intensive English
These three programs provide teacher trainings in 30 Mexican States and
through annual sessions at Dartmouth College in New Hampshire to
empower English language educators across Mexico to be leaders in their
schools and mentor colleagues to inspire their students to master English.
30 IAPE-trained teachers trained their peers as instructors and facilitators
in IAPE programs in Mexico and the United States. Rassias techniques
were delivered to even more teachers through peer workshops delivered
by IAPE teachers in 12 states across Mexico. And IAPE participants wrote
an exciting 3 PhD dissertations, 10 Master’s theses and 1 undergraduate
thesis on the impact of IAPE and the Rassias Method in Mexico.

6. Since 2012, the Inter-American Development
Bank has been studying the Worldfund IAPE
Intensive English Program and evaluating its
effectiveness.
In October of 2014, the final results were
release and found a 10-week improvement in
student performance when taught by an IAPE
trained teacher!
Measuring Progress
Spend
more class time engaged
in dynamic activities.
IAPE Teachers were found to....
...which translated into student gains of...
8%
To make sure IAPE teachers continue to benefit, Worldfund will strive to
make sure that our trainings continue to be...
Intensive
Incentive
aligned
Related to the
teaching practice
Continuous
&
Spend
less time using
textbooks
7% &
additional weeks
of normative
progress*
&
more minutes a week
where students chose
to study English on
their own*
1710
expectations that
they will attend
university*
* after 7 months with an
IAPE trained teacher
RCT Evaluation Results for
IAPE Intensive English 5

7. LISTO: The School Leadership Program
LISTO Program Profile
Goal: To foster leaders who create effective learning environments
effective learning environments involving teachers, parents, and the
community in improving student learning outcomes.
Launched in: 2009
Locations: Guerrero, Veracruz,
Nuevo León, Chiapas, Hidalgo,
Puebla and Tlaxcala
Number of teachers participating to-date: 1,028
Number of students influenced per year: 502,034
WORLDFUND IN MEXICO
6
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LISTO trains and supports top-quality public school principals in Mexico
currently serving in kindergarten, primary and secondary schools. Through
a combination of workshops and coaching, LISTO promotes a profound
shift in school culture based on a shared belief of mutual responsibility for
student success.
The LISTO Program is a three-year intensive coarse of study.
The three stage structure includes:
1
A 5-day summer induction course focused on team building and
leadership.
2
A series of nine workshops over the school year that provide training in
planning, school management and leadership.
3
Worldfund coaches support the principals as they bridge theory and
practice, evaluate their progress and implement strategic plans.

8. “Learning about collaborative planning at
our Consejos Técnicos has opened up my
eyes to new ways of
communication.”
- Leonor Turnbull,
Coatzacoalcos, Veracruz
“In each one of my activities as Principal,
one can see the LISTO standards of how
to be a transforative
leader.”
- Flor de Maria Santos Cruz
Principal, Chiapas
“Since we had our intensive course, I can
recognize the real value that I have as a
person and the importance of my role in
building a school culture that promotes
collaborative learning.”
- Julian Ricardo Jiménez de la Cruz
Principal, Chiapas
“I appreciate the opportunity of being able
to do what is enjoyable for me: Working
within education in favor of education.”
- Guadalupe Soto Arreguín,
LISTO Program Coach
Measuring Progress
2014 Indicators of Outcome
LISTO
LISTO program participants are evaluated on three principal indicators:
Participatory Planning
Achievement-Focused School Culture
Instructor Professionalism
Although these indicators are still in development, they have so far
shown substancial success in our 3-year LISTO program.
Participatory Planning Achievement-Focused
School Culture
Instructor Professionalism
* Year 1 sample size = 87
Year 2 sample size = 53
Year
1
Year
2
41%
of principals improved
34%
of principals improved
37%
of principals improved
58%
of principals improved
62%
of principals improved
51%
of principals improved
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7

9. /////////////////////////////////////////////////////////////////////////////////////////////
STEM Brasil began as a pilot project in Recife in 2009. Since then, the
program, which provides teacher trainings to Science and Math
professionals in secondary schools, has expanded to 3 Brazilian states and
impacted over 110,000 students each year.
In 2014, the program was revolutionized by training teacher coordinators,
Professor Coordenador de Núcleo Pedagógico (PCNP for short), along
with teachers. These teacher coordinators then provided trainings
throughout their school networks, allowing STEM Brasil’s reach to impact
even more schools, teachers and students than ever before.
STEM Brasil has grown exponentially throughout the years. The Virtual
Online Platform (CAV) has been buzzing with posts and interactions from
STEM Brasil-trained educators and will see even more activity in 2015
when STEM Brasil begins trainings in Rio de Janeiro.
STEM Brasil Program Profile
Goal: To dramatically improve teaching standards so that public school
students can go to college and pursue interests and careers in
economically critical engineering and technical fields.
Launched in: 2009
Locations: Recife, Pernambuco and
Araraquara, São Paulo and
Rio Grande do Sul.
Number of teachers participating to-date: 1,800
Number of students influenced per year: 50,000
STEM Brasil: Science, Technology,
Engineering and Math
8

10. “Paulo Freire used to say that ‘Education
itself cannot change society, neither can
society change without Education.’ It is
necessary to build bridges and
partnerships among many different
sectors and STEM Brasil is here to
propose a very important partnership.”
- Fulvio Severino - Biology Trainer
“It is very cool to handle all the equipment,
learning about the products and knowing
that many of them are valuable to our daily
lives.”
- Matheus Godoi Francisco - second year
student
“Lab classes are always productive
because we get our hands dirty, we build
more knowledge and all of the students
relate theory with practice.”
- Taynara Marchizeli, Tailla Andressa
Assunção e João Vitor Silva de Souza -
second year students
“STEM Brasil’s help was essential to our
success. I hope this continues in 2015.”
- Ieda Tricolina Negreiros - Chemistry
Teacher
9
Measuring Progress
2014 Indicators of Outcome
STEM Brasil
After schools in São Paulo began using
the STEM Brasil Program:
According to the annual SARESP
state examinations:
40%
increase in students’
self-evaluation in Science
and Math classes
85%
of participating schools
showed an increase in their
students’ Math Scores
20%
increase was reported in Math
scores at schools that
completed the most STEM
Brasil activities
AND

11. Partner Schools and After-School Programs
Since Worldfund’s inception in 2002, Worldfund has supported schools
from all over Latin America.
Today Worldfund provides scholarships to the neediest students at
three beacon schools, located in Argentina, El Salvador, and Mexico.
Life-lines to their communities, these schools provide rigorous academics
as well as community outreach that includes parent training, home visits,
a health clinic, and healthy meals.
The schools’ success in helping students buck severe odds is evident in
their low drop-out rates and high percentage of graduates that go on to
college or another form of tertiary education.
The schools’ success would not be possible without the amazing
leaders and teachers of Mano Amiga Santa Maria in Argentina, Mano
Amiga Chalco in Mexico and Mano Amiga San Antonio in El Salvador.
10
Partner Schools Program Profile
Goal: To invest in high-quality non-profit schools serving the poor
throughout Latin America.
Locations: Mano Amiga Chalco - Mexico
Mano Amiga San Antonio - El Salvador
Mano Amiga Santa Maria - Argentina

12. What’s Next In 2015
We will be revolutionalizing our Metrics and
Evaluation protocol for all programming.
STEM Brasil will be expanding to a new state
- Rio de Janeiro.
The IAPE team is leveraging technology to
enhance the teacher support network, most
recently, posting weekly “teaching tool” clips.
LISTO will become blended with on online
component, allowing the program to reach
more school leaders than ever before.
There will be an independent evaluation
conducted on our LISTO program.
The IAPE team is welcoming more advanced
trainers to strengthen the support network
within the schools.
11

13. FinancialHealthReport*
Expenses
Revenue
69% Program
Services
18% Fundraising
Services
13% General and
Administrative Services
58% Corporate
Contributions
3% Program
Service Fees
25% Foundation
Contributions
13% Individual
Contributions
Total
$2,845,969
*Audited
Financial Statements,
Year End September 30, 2014
Total
$2,966,698
12
1% Other (Interest
Income, Contributed
Services, Realized
Lost)

14. THANK YOU!
BoardofDirectors
Steven Shindler, Co-Chair
NII Holdings, Inc.
Luanne Zurlo, Co-Chair
Worldfund
Matthew Dearth, Vice-Chair
Worldfund
Cecilia Bilesio
TENARIS
Marcelo Cabrol
Inter-American Development
Bank
Denise Damiani
Mark Denham
Hughes Hubbard & Reed LLP
Peter Foyo
Nextel de México S.A. de C.V.
Marcelo Gleiser
Dartmouth College
Claudio X. González Guajardo
Mexicanos Primero
Tara Kenney
Deutsche Bank
Carlos Labarthe
Gentera
Marcos Lederman
JointVest
Michel Levy
Arturo Lopez Martin
Cinepolis
Marcos Magalhães
Instituto de Co-Responsabili-
dade
pela Educação
Martin Marron
JPMorgan
Bradshaw McKee
Deutsche Bank
Antonio Miranda
Compass Group LLC
Stefano Natella
Credit Suisse
Daniel Rachmanis
Estée Lauder
Balbina Sada de Garza
Katherine Shea Westra
Morgan Stanley
Woods Staton
Arcos Dorados
Ronaldo Stern
H.Stern
Jane Winslow
Bank of America Merrill Lynch
International
AdvisoryCouncil
Worldfund is proud to have achieved so much success in 2014. This is possible
thanks to the guidance we receive from our Board of Directors and International
Advisory Council, the generosity of our supporters all around the world, and
through the hard work of all our team members.
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Carlos Bremer
Value Financial Group
Gov. and Mrs. Jeb Bush
Former Governor and First Lady of Florida
José Luis Cutrale
Sucocitrico Cutrale Ltda.
José Antonio Fernández Carbajal
FEMSA
Dionisio Garza Medina
Topaz
Eugenio Garza
Xignux
Claudio X. González Laporte
Kimberly-Clark de México
Theodore M. Helms
Petrobras
Marcos Molina
Marfrig Alimentos S/A
David Neeleman
Azul Linhas Aereas Brasileiras
His Excellency Arturo Sarukhan
Embassy of Mexico to the United States
(ex-officio)
His Excellency Eduardo Medina Mora
The Ambassador of Mexico to the United
States