2008annualreport

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A staggering 61 million adults in the US are at
high risk for serious vision loss, yet only an estimated
half visited an eye doctor in the past 12 months —
countless millions more are at risk worldwide
1 in 12 high-risk Americans can not afford
eyeglasses when needed

TABLE OF CONTENTS
A Story of 1 ... A Cautionary Tale for Millions

Maximizing Your Vision for Life

A Message from the President and Chairman of the Board

Lighthouse International Programs and Services at a Glance

Securing the Future Through Visionary Philanthropy

Financial Reports

Visionary Philanthropists: The Honor Roll of Donors

Our Leadership: Board of Directors

Medical Advisory Board

Executive Staff

Help Change 1 Life at a Time — Become a Visionary Philanthropist!

How to Volunteer and Receive Services

A STORY OF 1 …

t 45, Alan was already an “old hand,”
as he says, at living with vision loss.
Two decades earlier, he was diagnosed
with retinitis pigmentosa (RP), a rare
inherited condition in which the eye’s
light-sensitive retina progressively
degenerates. The result: poor night
vision, loss of peripheral vision and
a shrinking visual field.
Alan had adjusted to life with RP,
completed graduate school and
managed on his own. But his genetic
code, it seemed, held a second wild
card: a predisposition to diabetes,
which ironically for Alan, can claim
central vision — his only usable
sight. His grandmother had diabetes,
and Alan began to suspect that he
had it, too.

A Cautionary Tale for Millions
Family history is one of the strongest
risk factors for diabetes, along with racial
and ethnic background; the prevalence is
higher among African American and Hispanic
populations. There are also modifiable risk
factors, including diet and exercise.
REACHING PANDEMIC PROPORTIONS
Obesity rates in the US, which rank among
the world’s highest, are wreaking havoc on
Americans’ health through diabetes and its
insidious complications, such as heart disease,
stroke, nerve damage, amputation, kidney
disease — and blindness. There are nearly
24 million people with diabetes, half of
whom will be affected by diabetic retinopathy
within 15 years of diagnosis.
Diabetes is the leading cause of new cases of
legal blindness in Americans between the ages
of 20 and 74. The culprit is uncontrolled sugar
levels, underscoring the importance of vigilant
glucose management to increase blood flow and
minimize damage to capillaries throughout the
body — and to the tissues and organs they feed,
including the eye. Without circulation, retinal
blood vessels tend to swell and leak, or close
off altogether, stimulating new vessel growth.
These vessels tend to be fragile and all-too-often
hemorrhage, claiming vision when they do.

To help Alan and so many others prevent diabetic
retinopathy, Lighthouse International opened a
new Diabetes Center, which provides one-on-one
patient care by a nurse practitioner and diabetes
nurse educator, as well as sorely needed health
education about the danger of uncontrolled
glucose levels, focusing on how they impact
vision. We opened our Center on Diabetes Alert
Day 2008 and hosted free screenings to identify
those at risk, those who may be undiagnosed —
and those with pre-diabetes, which affects a
staggering 57 million nationwide.
The Center is dedicated to building skills that lie
at the core of diabetes management, including
nutritional counseling, medication dosing and
how to meet critical target goals for glucose,
cholesterol, triglyceride and blood pressure
levels. We share this information through our
free Diabetes Lifestyle Series to help our low
vision patients, employees and New Yorkers
take control of their disease and preserve vision.

Alan is one such New Yorker.

Alan was at high risk of this happening.

REACHING NEW YORKERS AT RISK
Our Early Action Saves Sight program continued this year to raise awareness
among seniors about eye diseases like macular degeneration — the
leading cause of vision loss among people age 65+. The program
shares the vital message that seeing a doctor as soon as problems
arise can speed diagnosis, treatment and, most importantly,
minimize the chances of vision being irrevocably lost.
A key element is follow-up with those at highest risk,
encouraging them to get eye exams.
Based on a study conducted by our Policy and
Evaluation Unit, 94% of those in need of care
responded to follow-up; as a result of our
program, they either had an exam or scheduled
one. We are bringing this initiative to East Harlem
in 2009 to benefit high-risk African American
and Hispanic residents.

Homebound elderly are also among the
highest risk for vision impairment — and
its often dangerous consequences like
falls and medication errors. To reach this
vulnerable, underserved population, our
Geriatric Center for Vision Health launched
New York City’s first program for seniors who
have not had an eye exam in more than a year.
Working closely with New York State Senator
Martin Golden, our geriatric nurse practitioners
piloted the program in Brooklyn to identify vision
problems along with co-morbidities such as
diabetes, hypertension and stroke. They were
trained by Lighthouse low vision experts, and
completed a clinical practicum in the Department
of Ophthalmology at Weill Cornell Medical College
and at Beth Israel’s Latino Health Institute.
Dozens of seniors have been diagnosed with
serious eye disease and are receiving services by
Lighthouse occupational therapists and mobility specialists
to keep them safe at home — and out of the hospital.
4

Bridging a Wide Gap in
Health Care
After being diagnosed with diabetes, Alan was
woefully ill-prepared to manage it. His doctor
had not provided basic diabetes information,
nor had he referred Alan to a nutritionist. Alan
didn’t know such things as how to plan meals;
how to prevent emergencies if he had a sudden
drop in sugar; and what his target glucose goals
should be at different times of the day — upon
waking and before going to sleep, before and
after meals, and pre- and post-exercise. Alan
was on his own — and possibly on a path to
losing what precious little remained of his sight:
his pin-point central vision.
“The Lighthouse diabetes nurse educator
provided potentially life-saving information.
She filled the shockingly large gap left by my
doctor. I now know what symptoms to look
for, how to plan my day and what to do to
keep all my levels in check and protect my
sight. She also referred me to a wonderful
endocrinologist. I have her to thank for
so much.”

RAISING THE NATIONAL CONSCIOUSNESS
While Americans are increasingly attuned to the
life-threatening consequences of diabetes, too
few are aware of the impact it can have on sight.
Underemphasized — if not ignored — diabetic
retinopathy was the topic of a 2008 Congressional
briefing hosted by the Lighthouse, in collaboration
with the American Diabetes Association, Alliance for
Eye and Vision Research, the American Foundation
for the Blind and Prevent Blindness America.
Entitled Diabetes and Vision Loss: A Crisis,
the session on Capitol Hill spotlighted the dual
epidemics — and those at the highest risk,
including minorities, older adults and the uninsured.
This important advocacy effort urged federal
support for vision research and helped bring
attention to critical challenges on behalf of those
on the sidelines of our healthcare system.

COLLABORATING ACROSS THE CONTINUUM OF CARE
Diabetic retinopathy, which distorts and blurs central vision, can also increase the
risks of glaucoma by 40% and cataracts by 60% — all of which underscore the
importance of low vision care.
Low vision doctors are specialists in assessing how diseases like diabetes, as well
as RP, macular degeneration, glaucoma, stroke and others impact a person’s visual
functioning. They’re also experts in prescribing devices that maximize whatever
vision remains, like the high-powered distance glasses Alan is now using.

“I never had a low vision exam before,” he
reveals. “My Lighthouse doctor profoundly
and intuitively understood my vision
limitations in a way no eyecare professional
ever had. I didn’t have to explain that I could
see some things and not others. For example,
he knew that I couldn’t play baseball, which was
a sport I enjoyed as a child, because I can’t track
the ball from point to point in the outfield due
to RP. He knew so much about how I saw
the world!”

Alan’s dual pathology of RP and diabetes,
which happens to be quite rare, requires
expert co-management and close monitoring
by his Lighthouse low vision doctor to ensure
prompt referral for treatment should the first
signs of diabetic retinopathy or
hemorrhaging appear.

SHARING PROFESSIONAL EXPERTISE
Helping vision and other health practitioners understand how people with low
vision see the world is part of the charge of our new Center for Public Health
Practice and Education. Through the Center’s continuing education
courses, we share Lighthouse expertise in the diagnosis and
treatment of low vision with clinicians worldwide, while at the
same time, enlisting them to help prevent vision loss altogether.
For example, our new online seminar for optometrists,
Keeping Communities Healthy: Your Role in Disease
Prevention, includes epidemiology and public health
basics, tips for helping patients make lifestyle changes
TRAVERSING DAILY LIFE WITH
and practice building strategies — preparing
CONFIDENCE
them for new trends in health care.
Different parts of the eye are responsible
for different visual tasks; central vision is
essential to see fine details, while peripheral
We laid the foundation for an exciting
vision is needed to take in the broad spatial
partnership with Weill Cornell Medical
scene, detect motion — especially in the
dark — and to react quickly to obstacles.
College to incorporate low vision and vision
rehabilitation into the training of medical
students and practitioners in the Department
of Ophthalmology, as well as in Neurology,
Geriatrics, Cardiology and other specialties
beginning in 2009. We also mapped out a
plan to integrate low vision into the larger
continuum of care through proposed
Cornell-Lighthouse referral and
liaison systems.

Without it, Alan was unable to do what
most of us take for granted: get to and
from work each day.
Due to the natural progression of RP, Alan
increasingly had difficulty walking city streets
without bumping into people, stumbling over
fire hydrants — or being hit by cars.
After several dangerously close calls, he found
assistance from a Lighthouse mobility expert.
“She arranged to meet in the evenings, when
my night vision is quite bad, and taught me
techniques like using a white cane to scan
the changing terrain of streets and sidewalks.

She also gave me tips for crossing intersections
by relying on auditory rather than visual cues,”
Alan explains. “This made all the difference
in my ability to feel safer navigating the city
on my own.”
Armed with this new confidence, Alan was able
to tackle other obstacles. “It’s often difficult to
tell people you have a problem,” he explains.
“I’m used to being the problem-solver, and
didn’t know how best to ask for help because
I had been compensating on my own —
not always successfully. In the past, I had
to educate a counselor about unique issues
related to loss of sight, but my Lighthouse
social worker immediately understood
my challenges and gave me the support
I needed. Her warmth and compassion
were immeasurable. In fact, that was
true for everyone at the Lighthouse.”

INCREASING ACCESS FOR ALL
Vision impairment can make navigating the web a painstaking process.
Computer magnification software often makes it difficult for millions
of people with low vision to see a highly magnified image, for example,
or to find the next line of text. But in 2008, vision researchers in our
Arlene R. Gordon Research Institute designed a software program,
LowBrowse,™ to add a reading frame at the top of the screen
in which users can customize text size, font, color contrast
and letter spacing to meet their individual visual needs —
all while preserving the original site design below. It’s a
free add-on to the popular Mozilla Firefox browser,
and once configured, no additional adjustments
are required regardless of what sites are visited,
making searching the Internet easier
and faster.
LowBrowse™ captured the attention of reporters,
ranging from The Wall Street Journal and
Information Week to The Times of India,
contributing to our 2008 tally of nearly
371 million media impressions
spanning print, broadcast and
online outlets.
This year, we attracted a record 583,334
visits to www.lighthouse.org, and further
expanded our presence online by acquiring
eSight Careers Network from The
Associated Blind, Inc. This growing virtual
community provides opportunities for
interactive career preparation, training and
networking for people with impaired vision
worldwide. In addition, eSight enhances our
one-on-one Career Services, the largest
program for people with vision loss in New
York State, and will provide a new platform
for e-learning.

Coming Full Circle
Grateful for the one-on-one care and
wellspring of support he received from
Lighthouse staff, Alan decided to give
back by becoming a volunteer in our
signature reading service. Alan,
whose reading vision is sharp, was
paired with an older man who could
no longer enjoy books, and dedicated
some evening hours to bringing
stories to life. He also attended
meetings of the Lighthouse Young
Leadership Committee, which
sponsors events to introduce our
vital mission to a new generation
of philanthropists.
Alan, himself, personifies that
mission. He has overcome numerous
vision loss challenges, thanks to the
expertise and compassion he found
at different touch points throughout
the Lighthouse.
Alan’s story illustrates how
Lighthouse International
transforms lives — one
person at a time.
11

MAXIMIZING
YOUR VISION FOR LIFE
Some diseases like diabetes and glaucoma, the leading cause of blindness among African
Americans, have no symptoms or early warning signs, underscoring the need for regular dilated eye
exams to detect changes in the retina, optic nerve or both. That’s why The National Eye Institute (NEI)
suggests that people who are diabetic have a comprehensive dilated eye exam at least once a year.
The NEI is also encouraging a greater percentage of all Americans age 18+ to have a dilated exam every two
years through its Healthy Vision 2010 initiative. We’re doing our part for New Yorkers through VisionMax,
our expanded prevention and vision care center, which we opened in early 2009.
Included among our state-of-the-art diagnostic equipment is the latest ocular coherence tomography
(OCT)/scanning laser ophthalmoscope (SLO) machine, which probes beneath the retinal surface, dissecting
layers to reveal disease at its earliest — and treatable — stages to preserve vision.
In addition, our new OCT/SLO will enable us to correlate structural and functional changes in vision among
clinical trial participants undergoing innovative treatments such as retinal stem cell implants — and, ultimately,
to break new ground by shaping post-intervention rehabilitation protocols, which currently don’t exist. We look
forward to these exciting prospects for translational research, in partnership with scientists at Cornell’s Weill
Medical College, which promise to bring new knowledge into practice on the frontlines of vision care.
VisionMax is also home to an eyewear boutique and The Lighthouse Store, which has long featured
helpful products and vision-friendly technology that make life easier for everyone.
12

Know your risk.
Visit www.lighthouse.org to learn what
you can do now to protect your vision.
Get an eye exam today!
Call VisionMax at (212) 821-9620.
13

A MESSAGE FROM THE

President AND
Chairman of the Board

lan is just one New Yorker, but his story resonates for millions of people facing the
complex health and perilous vision challenges that diabetes has placed before them.
Diabetes, which does not discriminate by age, is changing the profile of vision loss in this
country at warp speed. It is among the leading threats for the 61 million Americans at high risk
of serious vision loss. Yet in a national survey, only a scant 11% knew that there are usually no
early warning signs for diabetes-related eye disease — and an even lower figure, 8%, knew the
same about glaucoma. Both can cause blindness.
As illustrated in this report, Lighthouse International is tackling this lack of public awareness on
numerous fronts; broadening our reach to high-risk — and especially vulnerable — populations,
participating in clinical trials that hold out hope of reversing vision loss and making inroads
in the prevention of unnecessary vision loss altogether. We’re doing so from life’s earliest
moments, for infants through our rapidly growing Early Intervention Program — the only one
in New York City to include vision assessments; for youth and adults through our new Diabetes
Center; and for the elderly through our Geriatric Center for Vision Health.
We have you, our generous donors, to thank for supporting these critical services; along with
our continuing education courses; research, which provides the academic underpinning for our
low vision and rehabilitation services; and advocacy efforts in Albany and on Capitol Hill to
combat the vision loss epidemic on our doorstep. Within just two years, there will be a record
20 million Americans age 45 and older who self-report a vision impairment. On a global scale,
vision impairment affects 161 million people today; without intervention, this figure could
nearly double by 2020.
We’re taking aim at the diseases that impair vision — and enhancing access to care for those
in need — through a network of strategic partnerships forged with healthcare providers,
research institutions, foundations, corporations and community organizations locally,
nationally and internationally. We simply could not boast the successes highlighted in this
report without the weaving together of all of these visionary partners and our collective
intellectual and financial resources.

Similarly, we could not have achieved so much in 2008 without the expertise of our
multidisciplinary staff, and the commitment of our 2,500 individual and corporate
volunteers — all of whom give so much of themselves 365 days a year.
It takes this kind of teamwork to further our mission of fighting vision loss through
prevention, treatment and empowerment.
It also requires prudent financial and risk management during this global economic crisis.
We take our fiduciary responsibility very seriously and, in 2008, undertook strict budgetary
measures to ensure that we navigate today’s choppy waters soundly, while also preparing to
weather future economic downturns. We made progress in building sustainable revenue streams
through our prime real estate and by securing service reimbursement from additional sources
to reduce our dependence on fundraising. These steps have positioned Lighthouse International
not only to be strong, but in fact, stronger than ever for new generations facing vision loss in
the years to come.
But, of course, we could not have made the advances outlined in this report — nor could we
look forward to continuing to light the way as the global leader in the fight against vision loss —
without philanthropy.
On behalf of Alan, and the millions more like him, thank you for your continued generosity.
With you at our side, we look forward to many more years of maximizing vision for life.

Tara A. Cortes, PhD, RN
President and CEO

Roger O. Goldman
Chairman of the Board

Award winner Arlene R. Gordon, Dr. Tara A. Cortes
and Phyllis White-Thorne at the Second Annual
Volunteer Recognition Award Ceremony

A beaming graduate of our
Child Development Center shares his poem

LIGHTHOUSE INTERNATIONAL is dedicated to fighting vision loss through prevention,
treatment and empowerment. We further our mission through the following programs and services:
Vision Services

Low Vision Center

VisionMax — the new home to
The Lighthouse Store
Specialized Services

Early Intervention Program

Youth Services
16

Career Services

Vision Rehabilitation Services

Occupational Therapy

Orientation & Mobility Instruction

Diabetes Center

Geriatric Center for Vision Health

Psychosocial Services

Young music students play in harmony
Our first technology expo drew
hundreds of attendees

Social Services

Print Access Center

Schools

Child Development Center

The Filomen M. D’Agostino Greenberg
Music School

Professional Services

Center for Public Health Practice and Education

Arlene R. Gordon Research Institute

Policy and Evaluation Unit
Volunteer Resources

SECURING THE FUTURE THROUGH

Visionary Philanthropy

ur generous donors provide essential
resources needed to ensure that Lighthouse
International can continue providing prevention
and vision care services for people at risk
of, and living with, vision loss. These
contributions come in many forms — outright
gifts; foundation, corporate and government
grants; planned gifts and bequests; and
sponsorships and support of special events.
We celebrate all those who recognize the
importance of — and value — our work.
In 2008, the Lighthouse was the beneficiary
of several significant gifts from visionary
philanthropists: The Family of Sol and Lillian
Goldman, through the Goldman Charitable
Trust, fulfilled the final portion of their
extraordinary Centennial commitment.
The Goldman’s generosity had been recognized
by the naming of our headquarters building
in 2005. The Albert Family, through the JEMS
Foundation, Inc., honored the memory of their
mother, Shirley Wegman, by donating funds
to purchase the latest technology to diagnose
retinal disease and to build VisionMax, our
new facility for comprehensive vision care. Adele
Block; Jacob L. and Lillian Holtzman, through
their foundation; and Suzanne Mados have each
generously supported our work to enhance
quality of life for people with impaired vision —
from the youngest to the most frail elderly.

Throughout the year, members of The President’s
Circle, who donate a minimum of $1,000 annually,
attended a series of “thank-you” events, including
screenings of critically acclaimed films in our stateof-the-art theater, and lectures by noted writers, as
part of our Dorothy Strelsin Authors Series, funded
by The Dorothy Strelsin Foundation.
Corporations and foundations provided critical
support for our core services, while also helping
to launch ground-breaking initiatives. In 2008,
Genentech and Alcon funded the second year of
our Early Action Saves Sight public awareness
program. And generous funding for our Geriatric
Center for Vision Health was provided by
The Fan Fox and Leslie R. Samuels Foundation,
United Hospital Fund, Lavelle Fund for the
Blind, The New York Community Trust and
the Isaac H. Tuttle Fund.
Our Filomen M. D’Agostino Greenberg Music
School received several grants from The Filomen
M. D’Agostino Foundation, C.L.C. Kramer
Foundation, Ernst C. Stiefel Foundation and
The Joseph LeRoy and Ann C. Warner Fund.
Legacies and planned gifts provide much-needed
resources for all of our work. This year, we saw
more than $6 million in such gifts realized from
The Estates of Else Baier, Gloria Gurney, long-

time POSH® volunteer Susan P. Capaldo, and
Marion Bannon. We also received significant
contributions from the Trusts of William A.
Liebherr, Betty K. Siegel and Milicent Switzer.
LightYears honorees: Michael Feinstein, Iris B. Apfel,
Katherine Oliver and Mario Buatta

Mayor Bloomberg and Dr. Tara A. Cortes
at the LightYears Gala

Fashion, music and design have long played
an integral role in Lighthouse philanthropy.
Our annual gala was reconceived in a new
format this year called LightYears: Lighthouse
International Salutes the Arts, honoring fashion
icon, Iris B. Apfel; world-renowned interior
designer, Mario Buatta; award-winning
impresario, Michael Feinstein, who
spontaneously performed for guests; and
Commissioner of The New York City Mayor’s
Office of Film, Theatre and Broadcasting,
Katherine Oliver, who received her award
from Mayor Bloomberg. The Mayor shared
inspirational remarks about the Lighthouse’s
103-year history of service to New York City
residents with impaired vision. Stanley Litow,
Vice President of Corporate Citizenship &
Corporate Affairs, and President of the
IBM International Foundation, accepted the
Corporate Visionary Award on behalf of
IBM. Emceed by long-standing friend of the
Lighthouse, Chuck Scarborough, the gala raised
more than $625,000 for programs and services.

Proud scholarship recipient

Happy POSH® shoppers

Glamour was in large supply at our POSH®
events, which kicked off early in the year with
our first POSH® Palm Beach Fashion Sale.
Honorary Chair, Arlene Dahl, was joined by a
fashion-savvy committee of members from both
New York and Palm Beach, who worked tirelessly
collecting new and gently worn designer
fashions. A gala dinner preceded the sale, and
more than $350,000 was raised at these events.
May brought “The Hottest Sale in Town!” back
to New York, as anxiously awaiting shoppers
poured through our doors — and through racks
of discounted POSH fashions — just as they
have for the past 36 years, helping raise
$675,000.
Hosted by The Women’s Committee, the 29th
Annual Scholarships & Career Awards honored
the achievements of six exceptional students

who are visually impaired; and TJX, the parent
company of T.J. Maxx, Marshall’s and other
retailers, for employing people with vision loss.
Board member, Ellen Ratner, was our emcee, and
Matthew Sapolin, Commissioner of the Mayor’s
Office for People with Disabilities, was the
keynote speaker.
The 6th Annual Golf Classic, followed by
a celebratory dinner, was chaired by Board
Vice Chair, Joel B. Mounty. Held again at the
beautiful Old Oaks Country Club, the event
raised $180,000.
In the fall, The Henry A. Grunwald Award
for Public Service Luncheon recognized three
individuals dedicated to advancing public
awareness of vision impairment as well as
causes that benefit society overall: Elaine

Henry Kissinger and Rosamond Bernier at the
Grunwald Luncheon
Grunwald honorees: John Richardson and
Elaine and Stephen Wynn with Charlie Rose
and Stephen Wynn were honored for their
extraordinary commitment to research and the
treatment of retinal disease, and John Richardson
was honored for his life-time achievement. Liz
Smith, emceed the program again this year, while
Charlie Rose and Rosamond Bernier delivered
introductions. The 2008 luncheon was our most
successful Grunwald event to date, raising more
than $325,000.

2008 SOURCES OF SUPPORT

POSH
7%

Special Events
8%
Foundations
& Corporate
Relations
13%

We want to thank all of our thoughtful donors —
at all levels — for their ongoing support of
Lighthouse International.

Direct Mail
4%

Planned
Giving
44%

Individual
Giving
24%
21

Report of Independent Certified Public Accountants
To the Board of Directors of Lighthouse International:
We have audited the accompanying consolidated statements of financial position of Lighthouse International and
Affiliate (collectively “Lighthouse”) as of December 31, 2008 and 2007, and the related consolidated statements of
activities, functional expenses and cash flows for the years then ended. These consolidated financial statements are
the responsibility of Lighthouse’s management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America
as established by the American Institute of Certified Public Accountants. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of
material misstatement. An audit includes consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of Lighthouse’s internal control over financial reporting. Accordingly, we express no
such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures
in the consolidated financial statements, assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the financial position of Lighthouse International as of December 31, 2008 and 2007, and the changes in their
consolidated net assets and their consolidated cash flows for the years then ended, in conformity with accounting
principles generally accepted in the United States of America.
As discussed in Notes 1, 3 and 7 to the consolidated financial statements, in 2008 Lighthouse adopted Financial
Accounting Standards Board Statement No. 157, “Fair Value Measurement” and FSP 117-1 “Endowments of
Not-for-Profit Organizations: Net Asset Classifications of Funds Subject to the an Enacted Version of the Uniform
Prudent Management of Institutional Funds Act, and Disclosures for all Endowment Funds.”

New York, New York
June 10, 2009

Consolidated Statements of Financial Position
Lighthouse International • As of December 31, 2008 and 2007 (in thousands)

ASSETS
Assets:
Cash and cash equivalents
Accounts receivable, net (Note 1)
Prepaid expenses, inventories and other assets
Contributions, trusts and legacies receivable, net (Note 2)
Investments (Note 3)
Investments held under split-interest agreements
Investments restricted as to use (Note 8)
Deferred financing costs, net (Note 1)
Property, plant and equipment, net (Note 4)
Beneficial interest in perpetual trusts
Total assets

2008

2007

717
1,168
796
5,017
42,097
2,496
948
1,128
26,910
7,472
88,749

6,032
437
2,114
40,322
9,780
58,685

1,022
1,474
2,355
9,465
65,160
2,837
967
1,174
29,036
8,107
121,597

LIABILITIES AND NET ASSETS
Liabilities:
Accounts payable and accrued expenses
Obligation for leases - closed facilities (Note 11)
Liabilities under charitable split-interest agreements
Bonds payable (Note 8)
Pension benefits (Note 5)
Total liabilities

5,710
547
1,984
41,152
49,393

Commitments and contingencies (Note 11)
Net assets:
Unrestricted
Temporarily restricted (Note 6)
Permanently restricted (Note 7)
Total net assets
Total liabilities and net assets

1,647
8,802
19,615
30,064
$

88,749

37,710
14,344
20,150
72,204
$

121,597

The accompanying notes are an integral part of these consolidated statements.

Consolidated Statements of Activities
Lighthouse International • For the years ended December 31, 2008 and 2007 (in thousands)

Unrestricted
2008
Support and revenues:
Contributions
Special events revenue, net of direct
costs of $759,553 and $817,460
in 2008 and 2007, respectively
Legacies

Temporarily

2007

2008

$ 2,760 $ 3,321

$ 1,255

Permanently

2007

2008

986 $

2007

100 $ -

1,632
2,913

1,810
5,628

1,856

4,166

479
5,682
(16,220)
416

475
6,007
5,682
344

(1,225)
10

486
20

Change in the value of split-interest
agreements and beneficial
interest in perpetual trusts

(878)

(1,049)

Rental and conference center income,
net of related direct costs of
$3,225,964 and $2,980,887
in 2008 and 2007, respectively
Direct client services income
Other income

1,453
1,012
716

1,313
758
438

Net assets released from
restrictions (Note 6)
Total support and revenues (Note 8)

6,389
6,354

11,224
37,012

(6,389)
(5,542)

(11,224)
(5,558)

5,233
3,374
2,816
2,966
2,226
571
2,027
1,202
1,792
22,207

4,873
3,698
2,417
2,993
1,974
613
1,962
1,741
1,764
22,035

Sales of consumer and
professional products
Government grants (Note 10)
Investment (loss) return (Note 3)
Distributions from perpetual trusts

Total
2008

2007

$ 4,115 $ 4,307

1,632
4,769

1,810
9,961

479
5,682
(17,445)
426

475
6,007
6,168
364

(4,315)

317

1,453
1,012
716

1,313
758
438

(2,288)

464 (1,476)

31,918

5,233
3,374
2,816
2,966
2,226
571
2,027
1,202
1,792
22,207

4,873
3,698
2,417
2,993
1,974
613
1,962
1,741
1,764
22,035

167

(2,388)

297

Expenses:
Program services:
Rehabilitation services
Child Development Center
Low vision services
Career and youth services
Music and print access services
Consumer products
Education and advocacy
Research
Public information
Total program services
24

Unrestricted
2008
Supporting services:
Development
Administrative and general
Total supporting services

2007

Temporarily
2008

$ 4,003
3,933
7,936

$ 3,293 $ 3,406
6,699
-

30,143

28,734

Change in net assets before
non-recurring items

(23,789)

Adoption of accounting standard
(SFAS No. 158) (Note 5)

Increase in minimum liability for
pension benefits (Note 5)

(11,999)

Total expenses

Contributions from merger with
The Associated Blind, Inc. (Note 1) (275)
Redesignation of contribution
Change in net assets
Net assets, beginning of year
Net assets, end of year

2007

Permanently
2008

2007

$ -

8,278

(5,542)

(5,558)

(2,288)

3,270

(45)

Total
2008

2007

$ 4,003 $ 3,293
3,933
3,406
7,936
6,699
30,143

28,734

464 (31,619)

3,184

3,270

(11,999)

1,753
-

1,478
-

(36,063)

11,503

(5,542)

(5,558)

(535)

509

(42,140)

6,454

37,710

26,207

14,344

19,902

20,150

19,641

72,204

65,750

$ 1,647 $37,710

$ 8,802 $ 14,344 $19,615 $ 20,150 $ 30,064 $ 72,204

The accompanying notes are an integral part of these consolidated statements.

Consolidated Statement of Functional Expenses
Lighthouse International • For the year ended December 31, 2008, with comparative summarized totals for 2007 (in thousands)

Program Services
Rehabilitation
Services
Salaries
$
Employee benefits
Transportation
Professional services
Supplies and
equipment
Occupancy
Postage and printing
Miscellaneous
Cost of goods sold
Interest expense
Total expenses
before depreciation
and amortization
Depreciation and
amortization

2,600
531
50
534

Child
Development
Center
$

Low
Vision
Services

1,663 $
340
1
449

156
300
8
30

Career and Music and
Youth
Print Access Consumer
Services
Services Products

1,509 $
308
5
170

75
344
4
4

Program Services

1,763 $
360
70
63

93
236
5
30

948 $
194
9
106

85
222
9
69

117
386
21
9

116 $
24
25
-

928 $
190
3
172

32
216
2
16

68
130
86
20

10,996
2,247
144
1,849

540

1,872

1,070

1,693

155

132

154

163

4,383

3,132

2,641

2,795

1,953

850

242

175

171

273

44
221
12
30

530 $
108
3
41

122

285

Public
Information

142

252

Research

Total
Program
Services

670
2,095
150
211
300
1,417

174

939
192
3
289

40
3
3
300
29

Education
and
Advocacy

Supporting Services

Administrative
Total
Total
and
Supporting Functional
Development
General
Services Expenses
$

1,915 $
391
16
508

1,977 $
404
15
900

3,892 $
795
31
1,408

14,888
3,042
175
3,257

106
278
535
28

88
180
12
85

194
458
547
113

114

132

246

864
2,553
697
324
300
1,663

20,079

3,891

3,793

7,684

27,763

2,128

112

140

252

2,380

2008 functional
expenses

5,233

3,374 $

2,816 $

2,966 $ 2,226 $

571 $

2,027

1,202 $

1,792 $

22,207

4,003 $

3,933 $

7,936 $

30,143

2007 functional
expenses

4,873

3,698 $

2,417 $

2,993 $

613 $

1,962

1,741 $

1,764 $

22,035

3,293 $

3,406 $

6,699 $

28,734

1,974 $

The accompanying notes are an integral part of these consolidated statements.

Statement of Functional Expenses
Lighthouse International • For the year ended December 31, 2007 (in thousands)

2,432 $
476
41
255

1,587 $
311
9
856

271
291
47
25

Depreciation and
amortization
$

Low
Vision
Services
1,321
258
6
186

95
317
8
11

Career and Music and
Youth
Print Access Consumer
Services
Services Products
$

1,545 $
303
44
93

156

288

165

4,020

3,449

2,251

2,713

1,790

853

249

166

280

184

2,993 $

1,974 $

3,698 $

2,417

103
350
21
8
-

797
156
3
371

255

4,873 $

96
237
17
90

Education
and
Advocacy

107 $
21

182

68
219
7
30

811 $
159
2
171

8
38
5
3
341
30

Total functional
expenses before
depreciation and
amortization

2007 Totals

Child
Development
Center

Program Services

Research
$

868 $
170
7
63

882 $
173
1
201

35
292
7
49

61
135
100
11

Total
Program
Services
10,350
2,027
113
2,225

144

123

781
2,089
249
282
341
1,440

582

1,817

1,614

1,661

145

127

613 $

44
210
37
55

Public
Information

Supporting Services

1,962

1,500 $
294
4
714
127
151
238
33

Total
Functional
Expenses

1,643 $
322
13
822

3,143 $
616
17
1,536

13,493
2,643
130
3,761

80
178
20
54

207
329
258
87

115

134

249

988
2,418
507
369
341
1,689

19,897

3,176

3,266

6,442

26,339

103

2,138

117

140

257

2,395

1,764

$22,035

$3,293

$3,406

$6,699

$28,734

1,741 $

Administrative
Total
and
Supporting
Development
General
Services

The accompanying notes are an integral part of these consolidated statements.

Consolidated Statements of Cash Flows
Lighthouse International • For the years ended December 31, 2008 and 2007 (in thousands)
2008
Cash flows from operating activities:
Change in net assets
Adjustments to reconcile change in net assets to net cash
(used in) provided by operating activities:
Depreciation and amortization
Net realized and unrealized losses (gains) on investments
Change in value of split-interest agreements
Permanently restricted contributions
Contributed beneficial interest in perpetual trust
Change in value of beneficial interest in perpetual trusts
Changes in assets and liabilities:
Accounts receivable
Prepaid expenses, inventories and other assets
Contributions, trusts and legacies receivable
Accounts payable and accrued expenses
Obligation for leases at closed facilities
Pension and postretirement benefits
Net cash (used in) provided by operating activities

(42,140)

2,642
18,263
471
(100)
(1,753)
2,388

Cash flows from investing activities:
Purchases of investments
Proceeds from sales of investments
Property, plant and equipment additions
Change in investments restricted to use
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Permanently restricted contributions
Principal payments on loans payable
Principal payments on bonds payable
Net cash used in financing activities
Net decrease in cash and cash equivalents

6,454

2,660
(5,372)
(138)
(167)
(297)

305
1,559
4,447
322
(109)
9,780
(3,925)

128
(1,456)
5,370
(393)
(112)
(3,550)
3,128

(25,632)
30,433
(394)
18
4,425

(44,496)
42,459
(328)
18
(2,347)

100
(905)
(805)
(305)

167
(177)
(875)
(885)
(104)

1,022

1,126

Cash and cash equivalents, beginning of year

2007

Cash and cash equivalents, end of year

717

1,022

Supplemental disclosure of cash flow information:
Cash paid during the year for interest

1,915

1,939

The accompanying notes are an integral part of these consolidated statements.

Notes to Consolidated Financial Statements
Lighthouse International • December 31, 2008 and 2007
(1) Organization and Significant Accounting Policies
Organization
Lighthouse International (the “Lighthouse”), founded in 1905, is a leading nonprofit
organization that helps people of all ages overcome the challenges of vision loss.
Through services, education, research and advocacy, the Lighthouse enables people
with low vision and blindness to enjoy safe, independent and productive lives.
The following is a summary of the programs and activities of the Lighthouse:
• Rehabilitation services teach people with impaired vision new skills and strategies
for managing household tasks, such as preparing food and cooking, cleaning,
personal grooming, and managing finances and medications, so they can enjoy
safe and independent lives.
• The Child Development Center provides comprehensive services to meet the
individual needs of children with vision impairment from birth to age five through an
Early Intervention Program that helps infants and toddlers with vision problems
reach the same developmental milestones as their peers; and a uniquely integrated
preschool, where children who are visually impaired learn alongside those with
full sight for a more enriched educational experience for all.
• Low vision services include specialized eye exams by low vision doctors to
evaluate a person’s remaining vision and overall visual function. The goals are to
maximize existing vision — often with the use of prescribed optical devices —
and to enhance quality of life at any age.
• Career services enable people with impaired vision to prepare for, obtain or
retain a job in the competitive marketplace. Matching employers with qualified
candidates and ensuring workplace accessibility for employees with vision
loss are key components.
• Youth services empower teens with vision loss to build the confidence,
socialization and independent living skills they need to achieve success in
school and, ultimately, in the working world as self-sufficient adults.
• Music and print access services include The Filomen M. D’Agostino Greenberg
Music School, the largest community music school for people of all ages with
vision loss in the United States; and reading, audio and braille services that
make print materials accessible to people without sight.
• Consumer products span a wide range of lighting, magnifying and adaptive
devices — all of which are designed to make life easier for people with vision
loss — and are sold through the Lighthouse Store.
• Education and advocacy include accredited professional continuing education
courses in low vision care and vision rehabilitation, as well as paraprofessional
training; outreach to raise awareness of vision impairment; and advocacy
initiatives, which promote the rights of people with vision loss and their
inclusion in mainstream society.
• Research that advances the knowledge base in how people with vision loss
function is conducted in the Arlene R. Gordon Research Institute — the only
research program housed within a vision rehabilitation organization — in three
primary areas: vision science, psychosocial studies and program evaluation.
• Public information is disseminated through various media to raise widespread
awareness of the prevalence of vision loss, and to promote the importance of
prevention and early intervention, as well as the benefits of vision rehabilitation
for people who are partially sighted or blind.
The Lighthouse is a Section 501(c)(3) not-for-profit organization and is exempt from
federal income taxes under Section 501(a) of the Internal Revenue Code (the “Code”).
The Lighthouse has been classified as a publicly supported organization as described
in Section 509(a)(1) of the Code.
Effective October 1, 2008, Lighthouse International merged with The Associated Blind,
Inc., a Section 501(c)(3) not-for-profit organization that is exempt from federal income
taxes under Section 501(a) of the Code. The merger was accounted for using the
concepts under the purchase method, which resulted in a contribution of The
Associated Blind, Inc.’s net assets to Lighthouse International.

Significant Accounting Policies
Basis of Presentation
The accompanying consolidated financial statements include the accounts and
transactions of the Lighthouse and Associated Blind effective at date of merger
(collectively, the “Lighthouse”) and have been prepared using the accrual basis of
accounting in conformity with accounting principles generally accepted in the United
States of America as applicable to not-for-profit organizations. All significant
intercompany transactions have been eliminated upon consolidation.
Net Asset Classification
Resources are classified for accounting and financial reporting purposes based upon
the existence or absence of donor imposed restrictions, as follows:
Permanently Restricted Net Assets — consist of funds that are subject to
restrictions of gift instruments requiring that the principal be retained in perpetuity,
with income and gains to be used for specific or general purposes, as specified by
the respective donors (Note 7).
Temporarily Restricted Net Assets — represent amounts restricted by donors
and private grantors for specific Lighthouse activities or to be received at some
future date. When a donor restriction expires, that is, when a time restriction ends or
a purpose restriction is fulfilled, temporarily restricted net assets are reclassified to
unrestricted net assets and reported in the accompanying consolidated statements
of activities as net assets released from restrictions. However, when restrictions on
donor-restricted contributions and investment return are met in the same
accounting period, such amounts are reported as unrestricted net assets.
Unrestricted Net Assets — consist of resources available for the general support
of the Lighthouse’s operations. Unrestricted net assets may be used at the discretion
of the Lighthouse’s management and Board of Directors. At December 31, 2008 and
2007, Lighthouse did not have any board-designated endowment funds.
Contributions
Contributions, including unconditional promises to give, are reported as revenues in the
period received. Pledges received are discounted to reflect the present value of future
cash flows using a risk-free rate. Amortization of the discount is recorded as additional
contribution revenue in accordance with donor-imposed restrictions, if any.
Cash and Cash Equivalents
The Lighthouse considers highly liquid investments with maturities when purchased
of three months or less, except for those held in the investment portfolio, to be cash
equivalents.
Inventory
Inventory is carried at the lower of cost or market basis and is included in prepaid
expenses, inventories and other assets in the accompanying consolidated statements
of financial position.
Accounts Receivable
Accounts receivable are reported net of allowances for doubtful accounts, which
totaled $198,000 and $337,000 at December 31, 2008 and 2007, respectively.
Investments
Investments are stated at fair value based upon quoted market prices except for the
fair values of limited partnerships, which are based on net asset values provided by the
general partners, based upon the underlying net assets of the funds. With the assistance
of third parties, these values are reviewed and evaluated by management. Investments in
limited partnerships are generally less liquid than other investments and the reported fair
value may differ from the values that would have been reported had a ready market for
these securities existed.
Effective January 1, 2008 Lighthouse adopted Statement of Financial Accounting
Standards (“SFAS”) No. 157 “Fair Values Measurements.” SFAS No. 157 defines fair value
and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques
used to measure fair value. In February 2008, the Financial Accounting Standards Board
(“FASB”) issued FASB Staff Position (“FSP”) No. FAS 157-2, “Effective Date of FASB
Statement No. 157,” which defers the effective date of SFAS No. 157 for one year for

Notes to Consolidated Financial Statements Lighthouse International • December 31, 2008 and 2007 (continued)
nonfinancial assets and nonfinancial liabilities that are not disclosed at fair value in the
consolidated financial statements on a recurring basis. The FSP did not defer the
recognition and disclosure requirements for financial or nonfinancial assets and liabilities
that are measured at least annually. In February 2008, Lighthouse adopted FSP No. FAS
157-2. In October 2008, the FASB issued FSP No. FAS 157-3, “Determining the Fair Value
of a Financial Asset in a Market That Is Not Active.” The FSP’s guidance clarifies various
application issues with respect to the objective of a fair value measurement, distressed
transactions, relevance of observable data, and the use of management’s assumptions.
The hierarchy gives the highest priority to unadjusted quoted prices in active markets
for identical assets or liabilities (level 1 measurements) and the lowest priority to
unobservable inputs (level 3 measurements).
The three levels of the fair value hierarchy under SFAS No. 157 are as follows:
Level 1 — Inputs that reflect unadjusted quoted prices in active markets for identical
assets or liabilities that Lighthouse has the ability to access at the measurement date
Level 2 — Inputs other than quoted prices that are observable for the asset or liability
either directly or indirectly, including inputs in markets that are not considered to be active
Level 3 — Inputs that are unobservable
Inputs are used in applying the various valuation techniques and broadly refer to the
assumptions that market participants use to make valuation decisions, including
assumptions about risk. Inputs may include price information, volatility statistics, specific
and broad credit data, liquidity statistics, and other factors. A financial instrument’s level
within the fair value hierarchy is based on the lowest level of any input that is significant to
the fair value measurement. However, the determination of what constitutes “observable”
requires significant judgment by Lighthouse’s management. Management considers
observable data to be that market data which is readily available, regularly distributed or
updated, reliable and verifiable, not proprietary, and provided by independent sources that
are actively involved in the relevant market. The categorization of a financial instrument
within the hierarchy is based upon the pricing transparency of the instrument and does
not necessarily correspond to Lighthouse’s perceived risk of that investment. The effect of
the adoption of SFAS No. 157, FAS 157-2 and 157-3 did not have a material effect on the
consolidated changes in the net assets or consolidated financial position of Lighthouse.

Deferred Financing Costs
Deferred financing costs represent costs associated with certain debt issuances and
are amortized over the terms of the related bonds, which range from 11 to 34 years.
Accumulated amortization of deferred financing costs totaled $470,000 and $424,000
at December 31, 2008 and 2007, respectively.
Expense Allocations
Direct expenses are assigned to the respective programs and supporting services based
upon actual costs incurred. Indirect expenses are allocated to the various programs and
supporting services based upon square footage occupied or level of effort.
Donated Materials and Services
A substantial number of volunteers have made significant contributions of their time to
help develop the Lighthouse’s programs and activities. The value of such volunteers’
services has not been reflected in the accompanying consolidated financial statements as
they do not meet the criteria for revenue recognition established by accounting principles
generally accepted in the United States of America.
Special Events Revenue
Special events revenue consists of proceeds from fund-raising events, reported net of
direct donor benefit, as applicable, and includes annual galas, posh sales events and
golf tournaments. Revenue and related expenses are recognized upon occurrence of
the event.
Conference Center
The Lighthouse generates revenues from the rental of conference center space located
in its Headquarters. Such facilities are rented to external parties, which principally
consist of not-for-profit organization.
Revenues generated are utilized for the purposes of supporting Lighthouse’s mission.
Revenues and related expenses are recognized upon occurrence of the event.

Split-interest Agreements
The Lighthouse has a program to receive contributions under charitable gift annuity
agreements. For financial reporting purposes, the Lighthouse has segregated these
assets as separate and distinct funds, independent from other resources as such
funds are used for annuity benefits specified in the agreements. Under these
agreements, the Lighthouse agrees to pay a stated return annually to the beneficiaries
as long as they live, after which time the remaining assets are available for
Lighthouse’s unrestricted use.

Income Taxes
On January 1, 2008, the Lighthouse adopted the provisions of FASB Interpretation No.
48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 requires that a tax
position be recognized or derecognized based on a “more likely than not” threshold.
This applies to positions taken or expected to be taken in a tax return. The adoption
of FIN 48 did not have an impact on the Lighthouse’s 2008 consolidated financial
statements, as management believes that there are no uncertain tax positions within
its consolidated financial statements.

The Lighthouse’s interest in charitable remainder trusts is reported at present value,
reflecting the fair value of the amounts the Lighthouse expects to receive, discounted
at a current rate of 5.2%, per year, for the periods prior to expected receipt. This
amount is recorded within contributions, trusts and legacies receivable in the
accompanying consolidated statements of financial position.

Use of Estimates
The preparation of consolidated financial statements in conformity with accounting
principles generally accepted in the United States of America requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.

Beneficial Interest in Perpetual Trusts
The Lighthouse is an income beneficiary of various trust funds held in perpetuity by
others. As a result, the Lighthouse has recorded an asset based upon its percentage
interest of the fair value of the underlying assets of the trust. Changes to the estimated net
present value of income to be received are recognized as gains or losses in permanently
restricted net assets in the accompanying consolidated statements of activities.
Property, Plant and Equipment
Property, plant and equipment with a unit cost in excess of $1,000 are carried at cost
or at the fair value at the date of contribution, if donated. Depreciation is computed
using the straight-line method over the estimated useful lives of the assets as follows:
buildings — 30 years, building improvements — 25 to 30 years, and furniture, fixtures
and equipment — 3 to 5 years. Leasehold improvements are amortized over the
shorter of their estimated useful lives or the terms of the respective leases.
Government Grants and Contracts
Revenue from government grants and contracts is generally recognized as earned,
that is, as related costs are incurred or services rendered as required by the grant
or contract agreement.

Direct Client Services Income
Direct client services income represents income for the delivery of various
programmatic services and is recognized as revenue in the period in which
services are rendered.

(2) Contributions, Trusts and Legacies Receivable
At December 31, 2008 and 2007, contributions, trusts and legacies receivable were
expected to be collected as follows (in thousands):
2008
2007
Within one year
$
2,646 $
6,060
One to five years
81
79
Greater than five years
2,318
3,367
5,045
9,506
Allowance for doubtful accounts
Discount to present value (at rates ranging
from 2.78% to 4.30%)

(25)

(3)
5,017

(25)

(17)
9,464

Notes to Consolidated Financial Statements Lighthouse International • December 31, 2008 and 2007 (continued)
(3) Investments
Investments at fair market value consisted of the following at December 31, 2008
and 2007 (in thousands):
2008
2007
Cost or
Cost or
donated
donated
Fair value
value
Fair value
value
$
1,358 $
1,358 $
1,340 $
1,340
Money market funds
6,205
7,294
7,362
5,706
Equities
11,714
16,038
17,648
14,807
Equity mutual funds
101
99
302
297
Fixed income
Fixed income mutual
4,374
4,522
8,336
8,227
funds
Alternative investments:
Marketable equity
10,996
9,845
12,431
5,775
long/short
Marketable
7,349
4,678
17,741
4,159
multistrategy
$ 42,097 $ 43,834 $
65,160 $
40,311
As required by SFAS No. 157, investments at fair market value presented by level
of input used to measure fair value consisted of the following at December 31, 2008
(in thousands):
December 31, 2008
Level 1
Money market funds
$
1,358
Equities
6,205
Equity mutual funds
11,714
Fixed income
101
Fixed income mutual
funds
4,374
Alternative investments:
Marketable equity
long/short
Marketable
multistrategy
$ 23,752

Level 2
$
-

5,130

5,866

3,780
8,910

Total
$
1,358
6,205
11,714
101

Level 3
$
-

4,374

10,996

3,569
9,435

7,349
42,097

A reconciliation of alternative investments for the year ended December 31, 2008,
follows (in thousands):
Marketable
equity
Marketable
Total
long/short multistrategy
Balance at December 31, 2007
$
12,432 $
17,741 $
30,173
Sales, net
(3,250)
(2,500)
(5,750)
Realized gains
8,936
1,403
10,339
Unrealized losses
(7,122)
(9,295)
(16,417)
Balance at December 31, 2008
$
10,996 $
7,349 $
18,345
Investment return for the years ended December 31, 2008 and 2007 consisted of the
following (in thousands):
2008
2007
$
1,023 $
1,018
Interest and dividend income
8,323
2,119
Realized gains on investments
Unrealized (loss) gain in fair market
(26,586)
3,253
value of investments
(205)
(222)
Investment and custodian fees
$
(17,445) $
6,168
(4) Property, Plant and Equipment
Property, plant and equipment consisted of the following at December 31, 2008
and 2007 (in thousands):
2008
2007
$
354 $
354
Land
44,166
44,238
Buildings and building improvements
12,255
11,801
Furniture, fixtures and equipment
56,775
56,393
(29,865)
(27,357)
Less: accumulated depreciation and amortization
$

26,910

Depreciation expense totaled $2,369,000 and $2,538,000 for the years ended
December 31, 2008 and 2007, respectively.
A market study conducted during the first half of 2008 by an independent real estate
professional services firm concluded that the building and related improvements in
which Lighthouse is headquartered (111 East 59th Street, New York, New York) had
an estimated market value of $140,000,000.
(5) Retirement Plan Benefits
The Lighthouse had a noncontributory defined benefit pension plan (the “Plan”)
covering substantially all employees hired before July 31, 2004. This Plan was
amended effective December 31, 2005, with all employees entitled to benefits
earned at that point and subject to future vesting under the terms of the Plan for
those not vested at that date. Certain employees who met certain requirements
were grandfathered into the Plan and continued to be eligible participants in the
Plan. The Plan was fully frozen on June 30, 2007.
The Plan provided pension benefits that are based on the highest average employee
compensation for five consecutive years during the last ten years of employment.
The Lighthouse’s funding policy was to contribute to the Plan in accordance with
the funding requirements of the Employee Retirement Income Security Act of 1974.
Plan assets are invested in fixed income securities, limited partnerships and equity
securities.
In September 2006, the Financial Accounting Standards Board issued Statement
of Financial Accounting Standards (“SFAS”) No. 158, “Employers’ Accounting for
Defined Benefit Pension and Other Postretirement Plans.” This statement revises the
reporting and disclosure requirements for pension and other postretirement plans.
SFAS No. 158 requires the Lighthouse to recognize the funded status of the Plan in
its statements of financial position. In 2007, the Lighthouse adopted the recognition
provisions of SFAS No. 158 and recognized such effect in the statements of activities
as an other change in net assets.
The following table presents the incremental effect of applying the recognition
provisions of SFAS No. 158 for the Plan (in thousands):
Before application SFAS No. 158 After application
of SFAS No. 158
adjustments of SFAS No. 158
Accrued benefit (liability) asset $
(2,134) $
3,270 $
1,136
Financial information regarding the Plan which has a fiscal year-end of March 31,
2008, follows (in thousands):
2008
2007
Reconciliation of benefit obligation:
Obligation at January 1
$
37,114 $
40,281
Service cost
78
Interest cost
2,333
2,365
Curtailment
(544)
Actuarial gain
(345)
(2,596)
Benefit payments
(2,402)
(2,470)
Obligation at December 31
36,700
37,114
Reconciliation of fair value of Plan assets:
Fair value of Plan assets at January 1
Actual return on Plan assets
Employer contributions
Benefit payments
Fair value of Plan assets at December 31
Components of prepaid (accrued) benefit costs:
Funded status at December 31
Unrecognized net prior service cost
Unrecognized loss
Net amount recognized

38,250
(9,820)
892
(2,402)
26,920
$

(9,780)
(9,780)

36,182
3,097
1,441
(2,470)
38,250
$

1,136
-

1,136

Amounts recognized in the consolidated statements of financial position at December
31, 2008 and 2007, follow (in thousands):
2008
2007
Other assets
$
$
1,136
Pension benefit liability
$
(9,780) $
-

29,036

Notes to Consolidated Financial Statements Lighthouse International • December 31, 2008 and 2007 (continued)
The following table provides the components of the net periodic benefit cost of the
Plan for the years ended December 31, 2008 and 2007 (in thousands):
2008
2007
Service cost
$
$
78
Interest cost
2,333
2,365
Expected return on Plan assets
(2,524)
(2,445)
Amortization of transition asset
158
Amortization of prior service cost
32
Curtailment
(163)
Net periodic benefit cost
$
(191) $
25
The prior service cost is amortized on the straight-line basis over the average
remaining service period of active participants. Gains and losses in excess of 10% of
the greater of the benefit obligation and/or the fair value of assets are amortized over
the average remaining service period of active participants.
The weighted-average assumptions used in the measurement of the benefit
obligations are as follows:
2008
2007
Discount rate
6.625%
5.90%
Expected return on Plan assets
8.00%
8.00%
Rate of compensation increases
3.50%
3.50%
Financial information regarding Plan assets follows (in thousands):
Allocations
Percentage of Plan
target
assets at December 31
2009
2008
2007
Plan assets:
Equity securities
45%
57%
58%
Debt securities
25%
18%
23%
Real estate
0%
0%
0%
Other
30%
25%
19%
The following pension benefits, which reflect expected future services, as appropriate,
are expected to be paid as follows (in thousands):
Year ending December 31,
2009
2010
2011
2012
2013
Years 2014 - 2018

2,594
2,627
2,662
2,696
2,783
14,403

Effective January 1, 2006, the Lighthouse instituted a defined contribution plan for its
eligible employees. The costs for this plan amounted to $627,000 and $679,000 for
the years ended December 31, 2008 and 2007, respectively.
(6) Temporarily Restricted Net Assets
The roll forward of temporarily restricted net assets for the years ended December 31,
2008 and 2007 is as follows (in thousands):
Fiscal 2008
Contributions Net assets
and
released
December 31, investment
from
December 31,
2007
returns
restrictions
2008
Time restricted
$
Purpose restricted:
Rehabilitation services
Child Development
Center
Low vision services
Career and youth
services
Music and print
access services
Research
Education and
advocacy
$

9,464 $

791 $

(5,238) $

5,017

471

635

(562)

84
6

26
345

(110)
(101)

916

(349)

(39)

528

1,273
1,650

(151)
(372)

(110)
(32)

1,012
1,246

(197)
(6,389) $

205
8,802

480
14,344 $

(78)
847 $

544
250

Fiscal 2007
Contributions Net assets
and
released
December 31, investment
from
2006
returns
restrictions
Time restricted
$
Purpose restricted:
Rehabilitation services
Child Development
Center
Low vision services
Career and youth
services
Music and print
access services
Research
Education and
advocacy
$

14,834 $

4,330 $

December 31,
2007

(9,700) $

9,464

547

455

(531)

471

559
2

82
15

(557)
(11)

84
6

831

260

(175)

916

1,246
1,609

125
180

(98)
(139)

1,273
1,650

219
5,666

(13)
(11,224)

274
19,902 $

480
14,344

(7) Permanently Restricted Net Assets
In August 2008, the FASB issued FSP 117-1, which is effective for Lighthouse’s fiscal
year ending December 31, 2008. Among other things, FSP 117-1 addresses the net
asset classification of donor-restricted endowment funds for organizations subject to
an enacted version of the 2006 Uniform Prudent Management of Institutional Funds
Act (“UPMIFA”). A key component of this FSP is a requirement to classify the portion
of a donor-restricted endowment fund that is not classified as permanently restricted
net assets as temporarily restricted net assets until appropriated for expenditure. In
addition, the FSP requires new disclosures about an organization’s donor-restricted
and board designated endowment funds. For the year ended December 31, 2008,
Lighthouse adopted the disclosure provisions only, as the state of New York has not
yet enacted UPMIFA.
Permanently restricted net assets consisted of the following at December 31, 2008
and 2007 (in thousands):
2008
2007
Income unrestricted as to use
$
14,167 $
16,269
Rehabilitation services
449
449
Child Development Center
896
896
Career and youth services
640
540
Music and print access services
1,696
1,696
eSight
1,467
Research
300
300
$
19,615 $
20,150
Since Lighthouse does not have board-designated endowment funds, the following
presents information relative to donor restricted endowments (in thousands).
Investment return - net depreciation on investments
Contributions
Transfer The Associated Blind, Inc.
Change in permanently restricted net assets

(2,388)
100
1,753
(535)

(8) Bonds Payable
During fiscal year 1999, the Lighthouse issued $38,055,000 in tax-exempt term bonds
and $11,535,000 in tax-exempt serial bonds (collectively, the “Series 1998W” bonds)
through the New York City Industrial Development Agency (“IDA”) to refinance the
Series 1992 bond issue and to finance the acquisition and installation of hardware
and software related to the Lighthouse’s information systems. The Series 1992 bonds
were to provide funds for the demolition, construction, acquisition, equipping and
installation of a civic facility in New York City (the “Facility”). At December 31, 2008
and 2007, bonds outstanding, net of original issuance discount of $1,758,000 and
$1,834,000, amounted to $40,322,000 and $41,151,000, respectively.
The Lighthouse is required to place six months of debt service principal and interest
payments in a separate restricted account prior to June 30 and six months of interest
prior to December 31. Accordingly, the Lighthouse held $948,000 and $967,000 in this
account at December 31, 2008 and 2007, respectively, which were invested in shortterm investments and are reflected in the accompanying consolidated statements of

Notes to Consolidated Financial Statements Lighthouse International • December 31, 2008 and 2007 (continued)
financial position as investments restricted as to use. On the first business day of
each January, the IDA automatically retrieves those funds for debt interest. On the
first business day of each July, the IDA automatically retrieves those funds for debt
principal repayment and debt interest.
The Facility is owned by the Lighthouse and leased by the Lighthouse to the IDA
and subleased by the IDA to the Lighthouse pursuant to a lease agreement (the
“Agreement”). The Series 1998W bonds are payable by the IDA, through a third-party
trustee, solely from the lease rentals payable by the Lighthouse pursuant to the
Agreement. The Series 1998W bonds are secured by a security interest in the
Lighthouse’s gross revenues. In addition, payment of the principal and interest on
the Series 1998 bonds when due is insured. The Lighthouse entered into a third
amendment to the Agreement, whereby a mortgage and security interest in the
facility was granted to the third-party trustee. In connection with this amendment
and granting of the mortgage, the Lighthouse’s covenant that requires a ratio of
unrestricted marketable securities to outstanding bonds payable was reduced
from 100% to 70%.
The Series 1998W serial bonds mature in various amounts, ranging from $750,000
to $1,070,000 per year, through 2012. The $7,540,000, $8,035,000 and $22,480,000
Series 1998W term bonds are due July 1, 2018, 2023 and 2033, respectively. The fair
value of the Series 1998W bonds at December 31, 2008 and 2007 approximated the
carrying value. The nominal interest rates attributable to the Series 1998W serial bonds
range from 3.35% to 4.5%. The nominal interest rates attributable to the Series 1998W
term bonds are 4.625% (2018) and 4.5% (2023 and 2033).
Annual principal payment amounts of bond maturity requirements are as follows
(in thousands):
Period ending December 31,
2009
$
945
2010
985
2011
1,025
2012
1,070
2013
1,120
Thereafter
36,935
Total principal
42,080
Net original discount
$

(1,758)
40,322

For the fiscal year ended December 31, 2008, the bond insurer waived the covenant of
the agreement that requires unrestricted marketable securities at a minimum to equal
at least 70% of the outstanding bonds payable.
(9) Allocation of Joint Costs
For the years ended December 31, 2008 and 2007, the Lighthouse incurred joint costs
of $1,414,000 and $1,352,000, respectively, for information materials and activities that
included fund-raising appeals. Of these amounts, the Lighthouse allocated $1,169,000
and $1,251,000 to fund-raising expense and $137,000 and $100,000 to program
expenses, respectively.
(10) Government Grants
Government grants consisted of the following for the years ended December 31, 2008
and 2007 (in thousands):
2008
2007
Research grants
$
471 $
1,136
Direct services contracts
2,817
2,913
Fees for educational services
2,394
1,959
$
5,682 $
6,007

(11) Commitments and Contingencies
The Lighthouse is a party to various noncancelable operating lease agreements
for the rental of office space and equipment. In some cases, these leases contain
requirements for the Lighthouse to pay certain operating costs. Future minimum rental
commitments on such leases are as follows (in thousands):
Year ending December 31,
2009
2010
2011
2012

1,105
751
752
475
3,083

Rent expense totaled $949,000 and $952,000 for the years ended December 31, 2008
and 2007, respectively.
In connection with an expense reduction plan, the Lighthouse closed a facility leased
in Queens effective June 30, 2004. The lease in Queens runs until August 2012.
The Lighthouse subleased this space effective July 2004 until August 2012 at a rate
below its cost. The net present value of the future net outflows relating to the Queens
lease was $437,000 and $547,000 at December 31, 2008 and 2007, respectively. This
amount, plus a deferred rent liability recorded in prior years, totaled $1,001,000 and
$1,176,000 at December 31, 2008 and 2007, respectively, and is being amortized over
the remaining lease term. Additionally, the Lighthouse leases several floors and a store
front location at the New York headquarters. In 2006, a new five-year lease was
entered into which allowed for rent abatement for the first 105 days. As a result, a
deferred rent asset in the amount of $209,000 was reflected as of December 31, 2007,
and is included in prepaid expenses, inventories and other assets. Future rental
income expected under these leases is as follows (in thousands):
Year ending December 31,
2009
2010
2011
2012
2013
Thereafter

2,212
2,247
2,034
677
315
1,139
8,624

The Lighthouse is subject to various legal proceedings and claims that arise in the
ordinary course of business. Liabilities, if applicable, are accrued when it is probable
that related costs will be incurred and can be reasonably estimated. Given the nature
of matters involved, it is possible that liabilities will be incurred in excess of amounts
currently recorded; however, based upon available information, management believes
that the ultimate liability with respect to these matters is not material to the financial
position, changes in net assets or cash flows of the Lighthouse.
(12) Related Parties
A member of the Board of Directors of Lighthouse International is a partner at a
law firm which provides some legal services at or below market value to Lighthouse
International. Legal fees paid to this firm were approximately $184,000 and $211,000
for fiscal years ended 2008 and 2007, respectively.

VISIONARY PHILANTHROPISTS

The Honor Roll of Donors
January 1 – December 31, 2008
Thanks to the generosity of individuals, foundations, corporations and government sources, Lighthouse International is
positioned as the worldwide leader in the fight against vision loss through prevention, treatment and empowerment.
($2,000,000+)
The Sol Goldman Charitable Trust
($100,000 – $1,999,999)
Albert Family/JEMS Foundation, Inc.
John E. Blair
Adele Block
Filomen M. D’Agostino Foundation Corp.
Jacob L. and Lillian Holtzman
Foundation
Suzanne Mados
Mr. Richard G. West
($25,000 – $99,999)
William and Donna Acquavella
Miss Florence Bognar
Louise Grunwald
Ms. Agnes Gund
Gordon and Llura Gund
Syde Hurdus Foundation, Inc.
Jay R. Paul Charitable Foundation
Ms. Tricia Quick
Hilary and Wilbur Ross
Ms. Sarah E. Smith
The Dorothy Strelsin
Foundation, Inc./Enid Nemy
Ms. Ann D. Thivierge
Mrs. Lucille B. Williams
($10,000 – $24,999)
Anonymous (1)
Ethel Adler
M.A. Baird
36

Mrs. Deborah L. Bernstein
Debra and Leon Black
Erna Schwab Blade
Mr. Mario Buatta
Ms. Vivian Cahill
Myrna and John Daniels
Mr. and Mrs. Oscar de la Renta
Mr. Robert de Rothschild
Miss Edith Eisler
The Enoch Foundation
Mr. and Mrs. Richard Feinbloom/
Designs for Vision, Inc.
Ari and Becki Fleischer
Mr. and Mrs. Theodore S. Francavilla
Mr. Lino Garcia
Mr. and Mrs. Thomas S.T. Gimbel
Roger O. Goldman and
Fern Portnoy Goldman
John C. Hanson
Marlene Hess and James D. Zirin
Anita Jaffe
Mr. Ross J. Kepler
Caral Lebworth*
Sondra and David S. Mack
Mr. and Mrs. Joel B. Mounty
Mr. and Mrs. Donald Newhouse
Barbara and Stephen Phillips
Ms. Ellen Ratner
Barbara Munder Riordan
Joseph A. and Virginia Ripp
Ambassador and
Mrs. Felix G. Rohatyn
Mr. Khaled Said

Barbara Saltzman Charitable
Foundation
Hope G. Solinger
Mr. Arthur B. Waill
Jonathan M. Wainwright, Esq.
Ms. Ruth Weichselbaum
Weininger Foundation, Inc.
Brian S. and Deborah Wood
Lawrence A. Yannuzzi, MD/
The Macula Foundation Inc.
and The Association for Macular
Diseases
($5,000 – $9,999)
Anonymous (1)
Mr. Benjamin Aryeh
Ms. Frieda Baker
Tiger Baron Foundation
The Sandra Atlas Bass and Edythe
and Sol G. Atlas Fund, Inc.
Ms. Cynthia R. Boardman
Mrs. Nathan Brodsky
Ms. Kim Campbell
Mr. John K. Castle
Mr. John Catsimatidis
Patty and Gustavo Cisneros
Steven A. and Alexandra M. Cohen
Joan Ganz Cooney and
Peter G. Peterson
Dr. Tara A. Cortes and Dr. Luis Cortes
Peggy and Richard M. Danziger
Elizabeth Dater
Zita Davisson

Mr. and Mrs. Lloyd Ecclestone
Mary and Kenneth Edlow
Mr. Stuart Edwards
Mica Ertegun
Edgar W.B. Fairchild Fund
Mr. Michael J. Feinstein
The Renee B. Fisher Foundation
Raymond and Maria Floyd
Suzanne and Ramsey Frank
Jack M. and Annette Y. Friedland
Josephine Lawrence Hopkins
Foundation
Mr. and Mrs. Ralph H. Isham
Mariana and George Kaufman
Susan and Ronald Kaufmann
Manny Korman
Peter and Deborah Lamm
Thomas H. Lee and Ann Tenenbaum
Mr. Richard Lefrak
Arthur L. Loeb
Ms. Viktoria Macias
Nancy and Steven Mendelow
Ms. Liz Mezzacappa
Victor Ozeri/The Bensonhurst
Foundation
S. Parker and Gail Gilbert
Dorothy M. Philips, PhD
Ms. Pauline Pitt
Ms. Dorota Porebska
Fern Portnoy Goldman/
Swanee Hunt Family Fund
The Walter Reade Foundation
Arthur Reiter*
Lisa-Clerc and Robert Rosenberg
Janet C. Ross
Sanford J. Schlesinger
Jane and Marc Schorr
Mr. Jeffrey S. Shankman
Mr. Murray Socolof
Mrs. Beverly Sommer
Ms. Nancy Paul Tsai
Jack Victor
Barry and Fran Weissler
Anita Volz Wien

($1,000 – $4,999)
Anonymous (13)
Ms. Audrey Adams
Mr. and Mrs. Frederick R. Adler
Mr. and Mrs. Joseph Allen
Patricia Altschul
Holly Andersen and Douglas Hirsch
Mr. David Anthony
Iris Barrel Apfel and Carl Apfel
Stuart S. Applebaum
Giving Foundation
Mr. Jason A. Arkin
The Arkin Foundation, Inc.
Mr. E. Nelson Asiel
Ms. Terri Lee Asiel
Paola Bacchini and
Arnold Rosenshein
Robert and Virginia Bauer
Mr. Donald A. Bennett
Mr. Bruce D. Bent
Rod and Liz Berens
Barbara and Fred Berger
Sol and Margaret Berger Foundation
Mr. and Mrs. Robert Bernstein
Richard and Jodi Bertholdt
Mr. and Mrs. Charles G. Bilezikian
Mr. and Mrs. Alan D. Bleznak
Ms. Cary Bloom
Arriana and Dixon Boardman
Mr. and Mrs. Richard A. Bobbe
Betty J. Bobrow
Ms. Maria Matilde Bonetti
Paul Alan Boskind, PhD
Mr. Geoffrey N. Bradfield
Ms. Emily Frances Braun
Henry and Wendy Breck
Mr. Frank P. Briguglio
Mr. and Mrs. Marshall Butler
Catherine Cahill and William Bernard
Mrs. B. Gerald Cantor
Mr. and Mrs. Benjamin M. Cardozo
Graydon and Anna Carter
Mr. Charles Cawley

Mr. and Mrs. Anthony Cicalo, II
Mr. and Mrs. Irving N. Claremon
Mr. and Mrs. George Cloutier
Mr. Murray Cohen
Mr. Joseph D. Corio
Mr. William Cosa
Douglas S. Cramer
Mr. and Mrs David Crimmins
Mr. John D’Agostino
Donald J. D’Amico, MD
Ms. Rena Rowan Damone
Ms. Gabriella de Ferrari
Mr. and Mrs. Charles A. DeBenedittis
Ambassador Enriquillo and
Mrs. Audrey del Rosario
Mrs. Valerie H. Delacorte
Ms. Karen DeRosa
Countess Barel de Sant Albano
Mr. Alvin Deutsch
Mr. and Mrs. Rodman Drake
Mr. Sean Driscoll
Mr. and Mrs. William M. Duncan
Mardi and David Durkin
Ms. Susan Egginton
Frank and Rhona Ehrlich
Mr. and Mrs. Edgar Eisner
Marjorie Ellenbogen
Ambassador and
Mrs. Edward E. Elson
Ms. Lily Erezuma
Mr. and Mrs. Charles H. Erhart
Robert and Margaret Fagenson
Mr. and Mrs. Jose Pepe Fanjul
Mr. and Mrs. John F. Farrell, Jr.
Leslie C. Feldman
Mr. and Mrs. Donald Feldstein
Mr. Maxwell Felson and Dr. Edith Zang
Ms. Jacquelin Finley
Mr. and Mrs. Ivan Fisher
Ms. Frances Fisher
Mr. Thomas J. Fleming
John J. Flemm Foundation, Inc.

William B. Follett
Mr. and Mrs. Robert L. Forbes
David B. Ford
Mrs. Barbara W. Fox-Bordiga
Mr. and Mrs. Daniel Frank
Mr. and Mrs. Tom Freston
Dr. Terry Fulmer/New York University
College of Nursing
Alla Gelbinovitch/Avenue R Pharmacy
Ms. Tina Georgeou
Ms. Elizabeth Gillotti
Sarah and Seth Glickenhaus
Grace Gold
Edward and Marjorie Goldberger
Foundation
Stephanie Goldman-Pittel
The Goodnow Fund
Suzanne Goodson
Arlene R. Gordon
Michael Gould/Bloomingdale’s, Inc.
Mr. and Mrs. Stephen Graham
Annette Green
Ms. Susan Zises Green
Mr. Alan C. Greenberg
Mrs. Rosalie Brown Greenberg
Mr. and Mrs. Stephen Greenberg
Barbara Grodd
Mr. and Mrs. Edward Gropper
Mandy Grunwald
Rebecca Grunwald
Mr. and Mrs. Martin Gruss
Mr. and Mrs. James Gubelmann
Mr. and Mrs. John H. Gutfreund
Ms. Linda G. Haft
Ms. Veronica Hamel
Ms. Mai Hallingby Harrison
Merrill G. and Emita E.
Hastings Foundation
Mr. Craig Hatkoff and
Ms. Jane Rosenthal
Edith Haverlock
Mr. Timothy J. Heine
Marian S. Heiskell
Mr. and Mrs. John S. Herold
38

Joel E. Hershey, MD
Ms. Cynthia Hertz
Mr. Kevin Hertzwig
Geraldine C. Herzfeld
The Hess Foundation
Mr. and Mrs. Willis S. Hesselroth
Mr. William R. Hettinger
Mr. Norman Himelberg
Olivia and Warren Hoge
Ms. Blanche Hogquist
Mr. and Mrs. Michael Horvitz
David E. Howe
William and Blanca Hubbell
Mr. Philip C. Ingalls
Joy and Jonathan Ingham
Carl Jacobs Foundation
Joan L. and Dr. Julius H. Jacobson, II
Mr. and Mrs. Jonathan A. Jacoby
Mr. Harold James
Mr. W. Randall Jones
Vernon E. Jordan, Jr.
Mr. and Mrs. Joseph N. Katz
Ms. Arlene L. Kaufman
Robert and Florence Kaufman
The Kazam Family
Joseph Kerzner and Lisa Koeper
Hope and Dr. Lawrence Kessler
Michele and Howard Kessler
Dr. and Mrs. Henry A. Kissinger
Ms. Lisa Ann Kleinow
Ms. Leatrice Knohl
Lesley Koeppel, in honor of her father,
Dr. Charles Kelman
Mr. Bill Lambert
Ms. Mady Land
Ms. Emily Landau
Mr. and Mrs. W. Loeber Landau
Mrs. John T. Landry
Mrs. Evelyn S. Lang
JoCarole and Ronald S. Lauder
The Lauder Foundation/Leonard and
Evelyn Lauder Fund
Dorothy S. Lear
James A. Lebenthal

Mrs. Isabelle Leeds
Mr. Edward Leshowitz
Mr. Joseph A. Levonas
Marvin* and Annette Levy
Norman A. Levy, Esq.
Mr. and Mrs. H. Irwin Levy
The Martin R. Lewis Charitable
Foundation, Inc.
Ms. Carol Lieberman
Mr. and Mrs. Bertram N. Linder, Esq.
Mrs. Rimma Lipsky
Ms. Jeanette Loeb
Mr. and Mrs. I.E. Lundstrom
Hattie Lynton
James A. Macdonald Foundation
Mr. and Mrs. Ramsay MacMullen
Mrs. Hildegarde Mahoney
Mr. and Mrs. Roger A. Malloy
George and Carla Mann
Ms. Elinor G. Mannucci
Mr. and Mrs. Jack M. Marcus
Donald B. and Catherine C. Marron
The Leonard Mayer Foundation
Mr. and Mrs. Ellice McDonald, Jr.
Patrick and Cindy McLaughlin
Ms. Phyllis McQuillan
Mr. and Mrs. S. Christopher
Meigher, III
Peter Melhado
Ms. Saraletty Memola
Robert B. Menschel
Ms. Gina Mignon
Mr. and Mrs. Philip B. Miller
Ruth and Harvey Miller
Ms. Sydell Miller
Mr. William P. Miller
Satish S. Modi, MD
David E. Monn
Ms. Evelyn Morales
William J. Moran
Ms. Barbara Moreno
Ms. Elizabeth Morgan
Ms. Susan L. Morrison
Stanley and Siri Mortimer

Ms. Barbara Mosbacher
Mr. Arthur Moskowitz
Kenneth F. Mountcastle Jr.
Mr. Paul Mourning
Brooke and Daniel Neidich
Cindy E. Nelson
Lynn Nesbit
Mr. and Mrs. Peter P. Nitze
Mrs. Fernanda Niven
Lee and Jamie Niven
Ellen and Ned Oelsner
Mrs. Irma Oestreicher
Ms. Helen O’Hagan
Ms. Jacqueline L. Ohrstrom
Paula J. Omansky
Phyllis and Howard Ostrofsky
Mr. Peter Palandjian
Richard and Laura Parsons
Susan and Alan Patricof
Mr. Joseph Petrillo
Andrea B. Phipps
Steven and Helice Picheny
Nora Ephron and Nicholas
Pileggi Foundation
Sergio Piomelli, MD
Mrs. Susan B. Plum
Alan H. Posner
Nancy Pouch
Mr. John Prunier
Ruth Rabb
Ms. Maria F. Ramirez
Mrs. Jane D. Rau
The Rechler Family Foundation, Inc.
Dr. and Mrs. George Reed
Page Rense/Architectural Digest
Casey Ribicoff
Letitia Emilie Rieck
Iris and Ira Rimerman
Christopher Rives
Ms. Carole Robbins
Mr. Herbert Rosen
Neal and Michelle Rosenberg
Pat and John Rosenwald

Mr. and Mrs. Conrad and
Jodie Rogart
Mrs. Terry Rubin
Ms. Dorrie A. Rush
Mr. Winthrop Rutherfurd Jr.
Ms. Zarine Sagar
Mr. and Mrs. Fred M. Santo
Elaine Sargent
Jed David Satow Family Foundation
Rowena D. Saunders
Jeanne and Bob Savitt
Mr. John F. Scarpa
Arnold Scaasi and Parker Ladd
Mrs. Laurie Schaffer
Lenore and Steve Scheffer
Priscilla and Richard J. Schmeelk
Foundation Inc.
Jo Anne Schneider
Ms. Nadine S. Schramm
Ms. Linda Schultz
Peter G. Scotese
The Nina and Ivan Selin
Family Foundation, Inc.
William R. and Barbara A. Serpe
Mr. and Mrs. Martin Shafiroff
Nathan and Fannye Shafran
Philanthropic Fund
Anna Marie and Robert F. Shapiro
Mrs. Beatrice L. Shapiro
Mrs. Ruth Shapiro
Anita Shapolsky Art Foundation
Mary E. Sheehy
Ms. Barbara Sherr
John W. Siegal, DDS
Robert G. Siegel
Mr. and Mrs. Richard Siklos
Mr. and Mrs. Morton F. Silver
Ms. Barbara Silverstein
Mr. Leonard S. Simon
Mr. Peter C. Simon
Ms. Phyllis Simon
Mr. Peter Slatin
Mr. and Mrs. Richard Smolowe

Mr. Richard N. Snyder
Mr. M. Stephen Soltis
The Sontheimer Foundation, Inc.
Mr. and Mrs. Theodore C. Sorensen
Mrs. Annaliese Soros
Patsy and Leslie Spero
Mr. and Mrs. Andrew R. Sriubas
Mr. and Mrs. John Stark/
Stark Carpet Corporation
The Rusty Staub Foundation
Mr. and Mrs. Saul Steinberg
Mr. Stephen Stempler
Isabelle Stevenson
Mr. Erik Strom
Dr. Cynthia Stuen and
Dr. William Weisenbach
Mr. Ronald Stytzer
Mr. and Mrs. James W. Sykes, Jr.
Mr. and Mrs. Phillip Theodosiou
Bernice Thomas
Mr. Geoffrey Thomas
Mr. and Mrs. William Tiefel
Jack Tierney/Francis and
Mildred Hallenbeck Foundation
Helene and Hugh Tilney
Tirzedokah Fund
Alice and Tom Tisch
Joan H. Tisch
The Jonathan M. Tisch Foundation
Ms. Laurie M. Tisch
Mr. Jerry A. Tishman and
Ms. Fern Tailer
Mr. and Mrs. Donald Tober
Mr. and Mrs. John M. Trani
Ms. Ellen Turchyn
Mr. John N. Umlauf
Linda J. Wachner
Mrs. Barbara Wainscott
Mr. James C. Walsh
Ms. Jacqueline Warner
Susan H. Warner
Mrs. John L. Weinberg
Ms. Betty Weinstein
39

Mr. Leonard M. Weintraub
Mr. Martin H. Wexler
Mr. John O. Whitney
Mr. Jeremy Wiesen
Christopher Williams/C. Williams
Electrical Construction, Inc.
Margo Wintersteen
Fred Wistow
Mr. and Mrs. Irving M. Wolbrom
Rita and Harold Wolfson
Ms. Janet Zarowitz
Mr. Seymour Zises/Family
Management Corporation
Mr. and Mrs. Ronald Zimmerman
Michael Zumoff
($500 – $999)
Anonymous (1)
Mr. Melvin Bedrick Able
Robert L. Adelman
Ms. Linda Amster
Mrs. Gayle Perkins Atkins
Mr. Ross H. Auerbach
Mrs. Jennifer Acker Ayer
Mr. and Mrs. John C. Baker
Alec Baldwin
Henry C. and Karin J.
Barkhorn Foundation
Ms. Jasmine K. Barr
Ms. Mary Ellin Barrett
Ms. Mary O. Bates
Mr. Jason Bedell
The Louis and Minnette Berg
Charity Fund
Mr. Richard K. Berg
Ms. Susanna Berger
Mrs. Stephanie Bernheim
Ms. Laura Blady
Ms. Karen F. Blitsten
Mrs. Nancy Blitzer
Ms. Patrizia Bordoni
Samuel Botero
Allyson Bowen
Mary S.B. Braga
40

Ms. Roxanne Brandt
Rose Marie and Don Brout
Miss Katharine Reynolds Brown
Mrs. Janet R. Burhans
Mr. Warner Burke
Ms. Ruth-Anne Cefaratti
Mrs. Nancy Mallett Chaffin
Ms. Laura Charig
Gerald and Dorothy Cohen
Mr. Robert Cornell
Mr. and Mrs. Louis Cortes
Mr. Charles Samuel Craig
Ms. Brittain B. Cudlip
Miss Susan M. Dacks
Mrs. Eugene J. Daly
Ms. Yolande De Bonvouloir
Joanne De Guardiola
Mr. and Mrs. Maurice de Picciotto
Mr. Garrett DeGraff
Eileen A. Dennin
Mrs. Catherine Di Montezemolo
Alice B. Diamond
Mr. Malcolm Dick
Ms. Lore Moran Dodge
Mr. George W. Dougherty
Linda A. Fairstein
Mr. Paul Falick
Dr. Michael Feiler
Ms. Lisa Ferfoglia
Cynthia and John Fitzgerald
Ms. Rita Foley
Elizabeth Fondaras
Mr. Barry Friedberg
Mr. Bernard Friedman
Kenneth G. Fuller
Mr. and Mrs. Donald Gabay
Ms. Helen S. Gaffney
Mr. Peter C. Gambee
Mrs. Sarah Gartner
Mr. and Mrs. Julius H. Gewirtz
Ms. Jean Giamonco
Mr. and Mrs. Roger Gimbel
Jack Glantz

Mr. Brooks A. Gleichert
Mr. Mark Glowatz
Mr. and Mrs. Bruce L. Goodman
Wendy C. Gould
Lorna and Larry Graev
Ms. Dolores T. Greene
Mr. David Haines
Mrs. Duane Hampton
David M. Harman, MD
Ms. Debora P. Hartman
Charles Hertzig Foundation
Ms. Frances Hesselbein
Mr. Charles Hirschler and
Ms. Marianne Rosenberg
Ms. Shannon Hoey
Ms. Pamela H. Howar
Kim Huebner
Ms. Stacy Iannacone
Anthony Ingrao
Mr. and Mrs. Robert I. Israel
Mr. and Mrs. Ralph Italie
Linda and Morton Janklow
Ms. Roe Jasen
Mr. Mark M. Jaskowiak and
Ms. Georgina Baker
Mr. Charles C. Jordan Jr.
Dr. and Mrs. Thomas Kahn
Mr. Lawrence Kamin
Mr. and Mrs. Gary M. Karlitz
Mr. George Karnoutsos
Ms. Firoozeh Kashani-Sabet
Carol Dudley Katzka
Margaret Kaufman
Mr. Melvyn Kaufman
Mr. Michael J. Kelly
Mr. Philip Kelly
Naeem Khan
Mr. and Mrs. Richard W. Kirshenbaum
Mr. Arthur Klausner and
Mrs. Robin Sherman
Mr. Michael Klebanoff
Ms. Barbara Kobre
Mr. and Mrs. Marvin J. Kornblau
Mr. and Mrs. Walter G. Korntheuer

Mr. Jerome H. Kravitz
Eric S. Lamm and Marye Elmlinger
Mrs. Julia Weill Landau
Ms. Cecily Lang
Ms. Marta Jo Lawrence
Gregg Lempp
Mr. Lester Lennon
Mr. and Mrs. Sidney Lerner
David S. Lester
Mr. and Mrs. Steven Levkoff
Mr. and Mrs. S. Jay Levy
Mr. Gideon Lewin
Mr. Scott Jason Lieberman
Mr. Douglas Liebhafsky
Ms. Ellen Liman
Mr. and Mrs. Morton A. Linzer
Daniel H. Liu
Edward Lobrano
Mr. Theodore A. Lobsenz, Esq.
Andrew and Meredith Lom
Mrs. Ruth E. Lord
Ms. Pamela Lustig
Mrs. Gail Maidman
Alice Manookian
Mr. Frederic E. Mansfield Jr.
Pascal Manzari
Mr. and Mrs. Jack F. Maxey
Ms. Carlyn McCaffrey
Mr. George J. McCormack
Ms. Mary Ann McGinn
Mr. and Mrs. Gary Melius
Mr. Felix Mercado
Mr. Keith M. Moffat
Juan Montoya
Stephen Moss
Ms. Maxine J. Myers
Alice and Richard Netter
Mrs. Theresa R. Nussbaum
Mr. William O’Boyle
Ms. Kathleen O’Connor
Ms. Peggy A. Ogden
Valerie Onor
Mr. Dennis A. Orlock

Ms. Teresa Wong Orr
Ms. Stephanie G. Ovadia
Nicole and Bruce L. Paisner
Ms. Elizabeth Peabody
Dr. and Mrs. Kenneth I. Pearlman
Rosina Perez
Ms. Gladys Pincus
Mr. Serge M. Pinto
Ms. Melinda Porter
Kari V. Pricher
Mr. John Primiano
Mr. Steven M. Rabinowitz
Mr. Brett Redfearn
Mr. Earl Reiss
Dr. Annette U. Rickel
Sue Ellen Rittmaster
Mr. and Mrs. Edward H. Robertson
Mrs. Lee M. Robison
Mr. R.A. Rodriguez Jr.
Peter Rogers
Mr. Joseph Rosen
Ms. Judith Rosenberg
Bruce P. Rosenthal, OD
Shahn Rosler
Mr. and Mrs. Hans Rutimann
Ms. Dalia M. Sakas
Mr. Sherwood Allen Salvan
Scott Salvator
Mr. and Mrs. Mitchell J. Sassower
Robin Saunders
Ms. Adrienne A. Scerbak
Mrs. Marlene Schiff
Dr. Mervin Livingston Schloss Fund
Mr. E. Richard Schmidt
Ms. Ellen J. Schneider
Ms. Tracy Shedroff
Ms. Elizabeth M. Sheehan
Mary Rita Sheehy, OD
Mr. Morton Sheinman
Ms. Linda Siegel
Stacey Sinclair
Mr. Saul Singer
Mr. and Mrs. Sanford Sirulnick

Mrs. Sydney B. Spofford
Kathryn Steinberg
Mr. and Mrs. John L. Stephenson
Ms. Ecaterina Stoica
Stephanie Stokes
Mr. Howard L. Strauss
Mr. Hugo S. Subotovsky
Kathryn Suerth
Mrs. Victor Syrmis
Mr. Stephen Tabb
Marlaina Teich
Raj Tolaram
Mr. and Mrs. C. Robert Tully
Mr. and Mrs. M.E. Van Buren
Mr. James P. Verhalen
Ms. Valerie Villafoir
Ms. Lynn M. Wagner
Jonathan Walker
Ms. Susan Weicher
Barbara and Dennis Weiner
Mr. and Mrs. Phil Weinper
Paul J. Weissman
Mrs. Susan Weitz
Ms. Mary Christine Welch
Ms. Marlene Wetherell
Mr. and Mrs. Alan W. Wilkinson
Anne and Bruce Williams
Ms. Janice Willinger
Mr. and Mrs. Roy Wilson
Diane and Howard Wohl Family
Foundation Inc.
Ms. Denise Wohl
Judith Wolf
Mr. and Mrs. Melvin Wolzinger
Mr. and Mrs. Thomas M. Wyman
Mr. Kenneth Wyse
Mr. Thornton H. Yancey
Mrs. Nell Yperifanos
Mr. H.A. Zisson and
Mrs. Kristin Hussey Zisson

*deceased

Matching Gifts
Thank you to the following companies/foundations that matched their employees’ contributions.
Bank of America Foundation
ExxonMobil Foundation, Inc.
IBM International Foundation

Morgan Stanley Foundation
Mutual of America Life
Insurance Company

TimeWarner

Institutional Giving, Foundations and Corporations
($100,000 – $499,999)
Lavelle Fund for the Blind, Inc.
The New York Community Trust
The David Warfield Fund
(The New York Community Trust)
($25,000 – $99,999)
The Barker Welfare Foundation
Ruth Bartsch Memorial Trust
Llewellyn Burchell Charitable Trust
Lydia Collins deForest Charitable Trust
The Dyson Foundation
Genentech, Inc.
Bernard F. and Alva B. Gimbel
Foundation, Inc.
Goldman, Sachs & Co.
The Hassenfeld Foundation
Hugoton Foundation
The Katzenberger Foundation, Inc.
Laurie Kayden Foundation
C.L.C. Kramer Foundation, Inc.
The Joseph LeRoy and Ann C.
Warner Fund, Inc.
Reader’s Digest Partners for
Sight Foundation
The Rhodebeck Charitable Trust
The Ernst C. Stiefel Foundation
Ping Y. Tai Foundation, Inc.
Harry D. Triantafillu Fund
(The New York Community Trust)
The Wasily Family Foundation, Inc.

($10,000 – $24,999)
Academy of Motion Picture Arts &
Sciences
The Alcon Foundation, Inc.
American Express
Association for Macular Diseases, Inc.
Rose M. Badgeley Residuary
Charitable Trust, HSBC Trustee
Bloomberg
The Chilton Foundation
Christie’s
Eugene F. Conroy/Community
Housing Management Corp.
Entergy
The Gettinger Foundation
The Chuck Goldman Family
Supporting Foundation
Greycourt & Co., Inc.
The Kaufmann Foundation
Charles Henry Leach, II Foundation
The Ambrose Monell Foundation
Henry and Lucy Moses Fund, Inc.
NBC Universal
The Neilsen Company
Henry Nias Foundation, Inc.
NoIR Medical
Carl and Ruth Shapiro
Family Foundation
J.T. Tai & Co. Foundation, Inc.
Verizon Foundation
Dick Wolf/Wolf Films

($1,000 – $9,999)
Anonymous (1)
Abracadabra Painting Co., Inc.
AI Squared
Joseph Alexander Foundation, Inc.
Allocation Resource Group
American Express – The Giving
Express Program
Aon Consulting, Inc.
Aqua-Vize, Inc.
Adrian and Jessie Archbold
Charitable Trust
Julius Baer Investment Management
Bank of America
Bardith, Ltd.
The Broadway League
The Ruth W. Brown Foundation
Budd Enterprises & Budd Leasing, Ltd.
Yale R. Burge Antiques, Inc.
C & B Plumbing & Heating, Inc.
Cadwalader, Wickersham & Taft, LLP
Centerline Capital Group
The Chaparral Foundation
charitybuzz
Chuck Cohen – C TECH
The Community Foundation for Greater
New Haven/Mildred A. Kelly Fund
Crestwood Mechanical Co., Inc.
Cuddy & Feder, LLP
Deluxe Entertainment Services Group
H. Di Marzo, Inc. Construction
Disney VoluntEARS Community Fund
Alexander Donner Fund
Doyle New York

The Max and Victoria Dreyfus
Foundation, Inc.
Eisner, LLP
Enhanced Vision
The Eshe Fund
Excel Security Corp.
Fabricant & Fabricant, Inc.
William Feinbloom’s Legacy for
Vision Rehabilitation Inc.
Alfred and Harriet Feinman Foundation
The Ferriday Fund
Fiduciary Trust International
Eileen Fisher, Inc.
Marjorie S. Fisher Fund
Frankfurt Kurnit Klein & Seltz
Gagosian Gallery
Genco Drywall, Inc.
The Glenmede Trust Company, NA
Goodyear Motors, Inc.
Havens Fund (Relief Fund)
HBO/HBO Documentary Films
The Victor Herbert Foundation, Inc.
Cannon Heyman & Weiss, LLP
The David and Rose Himelberg Fund
Huntington Power Equipment, Inc.
Roddy S. Iacovino, Inc.
IBM International Foundation
Institutional Investor, Inc.
J. Ira and Nicki Harris Foundation, Inc.
The J.M. Kaplan Fund, Inc.
JP Morgan Chase & Co.
Donna Karan International
Kayne Anderson Rudnick Investment
Management, LLC
Kingdon Capital Management, LLC
Koch Group & Company, LLP
La Boutique Resale
The Estée Lauder Companies, Inc.
The Francis Lewis School
Lions Club of Yorktown
L.W. Robbins Associates
Merrill Lynch & Co., Inc.
Metzger-Price Fund, Inc.

Morgan Stanley
Multilingual Therapy Associates
National Association of Theatre
Owners of New York State
Nations Roof of New York
Nederlander Producing Company
of America, Inc.
New York City College of
Technology, Inc.
Olayan America Corporation
The Isabel O’Neil Foundation
Optelec US, Inc.
Organization Resources
Counselors Inc.
Panavision, Inc.
Plymouth Hill Foundation
Pound Capital Ltd.
Radical Media
Rattner Family Foundation, Inc.
Dorothy Sarnoff Raymond
Charitable Foundation
Regis High School
The William and Diana Romney
Gray Family Foundation
Fanny & Stephen Rosenak Foundation
Roundabout Designer Consignments
May and Samuel Rudin Family
Foundation, Inc.
Rowland and Sylvia Schaefer
Family Foundation
Service Directions, Inc.
Showtime Networks, Inc.
Solid Benefit Guidance, LLC
Sony Corporation of America
The Seth Sprague Educational and
Charitable Foundation
The Susan Stein Shiva Foundation
Spencer Stuart SSI (US), Inc.
Sucherman Consulting Group, Inc.
Teamsters Local Union, No. 817
Tepper Galleries
Grant Thornton, LLP
Topping Media
Town & Country

Tuckahoe Eastchester Lions Club
Ruth Turner Fund, Inc.
United Way of New York City
Varnum-DeRose Charitable Remainder
Annuity Trust
Wallerstein Foundation for Geriatric
Life Improvement
Warner Brothers Entertainment, Inc.
Wilmington Trust FSB
The Bozena and Rosef Zelenda
Charitable Foundation, Inc.
($500 – $999)
ACI Inc.
Allstate Appliance Repair
R. Argento & Sons, Inc.
Associates for World Action in
Rehabilitation and Education
Atlantic Appliance, Inc.
Bank Leumi USA
The Bank of America Disability
Affinity Group
Bavaro Carting Corp.
Bedford Village Lions Club Foundation
T.M. Bier & Associates, Inc.
BNY ConvergEx Group
Brooklyn Navy Yard Development
Corporation
Byram Hills Preschool Association
Cullman & Kravis
Davis Vision
Ecolab, Inc.
Epstein Becker & Green, PC
Filippelli Brothers, Inc.
Jay I. Firman Foundation, Inc.
Freedom Scientific Blind/Low
Vision Group
Levitt Fuirst Associates, Ltd.
The Gramercy Park Foundation, Inc.
John Gulick Plumbing & Heating
The Hitachi Foundation
The IBS Services Group
J.N.C. Enterprises, Inc.
The Kandell Fund
43

Kravet, Inc.
Landmark Management, Inc.
The Jerome and Kenneth
Lipper Foundation
Livingston Foundation, Inc.
Mariemont Holdings, LLC
Marshall Alarm Systems, Inc.
Maxell Corporation of America
Multi-Pak Corp.
Mutual of America Life
Insurance Company
Nesbro Corporation

New York Boiler, Inc.
P.W. of the Irvington
Presbyterian Church
Peak Performance Services, Inc.
The Richard Foundation
Rye City Lions Club
Sani-Pro Disposal
Savatree
Schultz Brothers, Inc.
Skyview Architectural Aluminum, Inc.
Stern & Associates
Suburban Elevator Corp.

T & G Electric, Inc.
TBS Shipping Services, Inc.
Carl Tiedemann/Tiedemann
Investment Group
United Way Special Distribution
Account
Water-Tite, Inc.
Wells Fargo & Company
The Woman’s Club of Bayside
The Bess and Israel
Workman Foundation

New York State Education
Department, Vocational and
Educational Services for
Individuals with Disabilities
New York State Office of Children and
Family Services, Commission for
the Blind and Visually Handicapped

US Department of Education,
National Institute on Disability and
Rehabilitation Research
Westchester and Putnam County
Departments of Health

Government Sources
The National Eye Institute
New York City Department of
Education
New York City Department of Health
New York State Department of Health
and Office of Children’s and
Family Support

Bequests
By including a bequest to Lighthouse International in their will or trust, these contributors expressed an ultimate
commitment to our mission.
Anonymous (1)
Estate of Else Baier
Estate of Kathleen Ballinger
Trust of Kathleen Ballinger
Estate of Marion Bannon
Estate of Dorothy Barboza
Estate of Paul Baron
Estate of Mathew Belmont
Estate of Anne Bendix
Trust of Millicent Groman Benwitt
Estate of Betty M. Boerum
Estate of Ofelia Marie Bohets
Estate of Theresa Bongiorno
Estate of Blanche B. Boroff
Trust of Edward A. Bragaline
fbo Louis Bowen
44

Trust of Edward A. Bragaline
fbo John Turczyn
Trust of Jules R. Breuchaud
Trust of Arthur Clifford Bunker
Estate of Emily Burbach
Estate of Susan P. Capaldo
Estate of Angela R. Casey
Estate of James Cassidy
Estate of Winston C. Charlton
Estate of Ruth E. Clark
Estate of George Daigger
Trust of Harold Danziger
Estate of Ethel D. Depperman
Estate of Charles J. Dodd
Trust of Thomas Doran
Estate of Dewey Edelman

Estate of Estelle Eisenrod
Trust of Harold P. Farrington
Trust of Lydia K. Fiedler
Trust of John J. Fish
Trust of Edythe Griffinger
Estate of Gloria Gurney
Trust of Shirley Harrison
Estate of Berenice B. Hetkin
Trust of Grace Hewett
Trust of Jakob and
Lisbeth Hirschberger
Estate of Anne B. Hnat
Trust of Bertha Hoops
Trust of Herman L. Hoops
Trust of Jessie Hovaghim
Estate of Adeline B. Hunold

Estate of Mary J. Johnsen
Estate of Al Jolson
Trust of Charles S. Keene
Estate of Ruth Klotz
Estate of Ruth Kutner
Trust of Albert J. Ladner
Estate of Adele G. Lee
Estate of Marvin W. Levy
Trust of William A. Liebherr
Estate of Stanley J. Marks
Estate of Ella G. Midtbo

Estate of William J. Miller
Estate of Margaret Nelson
Estate of Barbara J. Pastor
Trust of Floyd W. Paul
Estate of Alma Pavesi
Estate of Arthur A. Reiter
Estate of Ralph Rella
Trust of John Roach
Estate of Eleanor Schmidt
Estate of Muriel T. Seiling

Trust of John F. and
Waneta K. Shanklin
Trust of Betty K. Siegel
Estate of Daisy Singer
Trust of Mildred A. Smith
Estate of Frida Stammeier
Trust of Milicent C. Switzer
Trust of Ima Webster Theile
Estate of Abraham Unger
Trust of Martha Zales

The Winifred and Edith Holt Society
Named for the visionary sisters who founded Lighthouse International, The Winifred and Edith Holt Society recognizes
the generosity and foresight of those who have made provisions for our organization in their estate plans.
Anonymous (10)
Patricia Aas
Mary L. and M. Clay Adams
Ethel Adler
Lorraine S. Allen*
Martha Akujobi
Phyllis Ames
Leonora M. Anderson
Frieda Baker
Shirley C. Ball
Mary O. Bates
Dianne Ely Beach
Gertrude Berger
Erna Berid
Jodi Bertholdt
Erna Schwab Blade
John E. Blair
Ann L. Blanchet
Adele Block
Leona Blumenfeld
Florence Bognar
Joan J. Bowen-Nicholas
Samuel Brandt
Josephine Brienza
R. Brian Brotman
Vivian L. Cahill

Olga V. Caponegro
Ray F. Carmichael
Fred and Emily Cates
Guy H. Chatellenaz
Stephen Chazen
Shi Ying Cheng
Anita Child
Ann V. and H. Weston Clarke
Thais Cohrone
Morris and Maria Coppersmith
Grace Correia
Harold and Sheila Davis
Roxana V. Dawson
Pam Deal
Rose DeGregoria
Eileen A. Dennin
Margaret DeRossett
Michael and Anna Donahue
William M. Duncan
Irving Dworetzsky
Stuart Edwards
Frank and Rhona Ehrlich
Edith Eisler
Barbara Eliasson
Sara C. Fair
Maxwell D. Felson

Doris Fenvessy
Stuart M. Fischman
Mary Francis
Sam Friedlander
Beverlee N. Friedman
M.S. Gadel
Helen S. Gaffney
Ralph W. Gellner
Helen Gigante
Virginia M. Giovinco
Nancy G. Glamore
Ethel R. Goldenberg
Roger O. Goldman
Jeanne N. Goldsmith
Walt Gollender
Florence C. Golly
Dorothy W. Gometz
Carol A. Goodman
Arlene R. Gordon
Leonore Gordon*
Pat Grant
Catherine C. Green
Faith Grossman
Lynn Gulkis
Louise Hampton
Miss Grace E. Hanlon
45

Edith B. Harnik
Edward Harris
Joyce E. Haymes
Gloria W. Heath
Ruth R. Hildreth
Gary L. Hoedemaker
Howard and Beverly Hoffmann
Suzanne and Richard Hogan
Burt Holtzman
Morris and Janice Isaacs
Elizabeth Jacobs
Doris Johnston
Helen Johnston
Micheline C. Karnacewicz
Florence Katz
Margaret Katz
Sivia Kaye
Lydia* and Leopold G. Koss
Eleanor Koster
Elaine and Robert Krause
Robert Krieger
Samuel Kwartler
Craig Landreneau
Alfred N. Lawrence
Jane Levien
Betty Levine
Donna S. Lewis
Judith Lewis
Martha Loewenstein*
Frances Loughman
Ronnie Lowry
C. MacDonald
Isabel Macias
Suzanne Mados
Ms. Elinor G. Mannucci
Leonard Margolis
Cora M. Marks
Vincent J. Maroney
Madeline H. McBride
Patrick and Cindy McLaughlin

Simon Metzger
Mrs. Frieda Melnick
Charles G. Meyer, Jr.
Gerald Michelson
Stephen A. Mohorich
Stanley Moon
B. Lulu Newman
Monica R. Noyes
Margaret S. Osterhoudt
Lucy C. Page
Dorothy Paine
Christine P. Palmer
Irene Parker
C. Robert and Frances Passantino
Rosalie Pataro
Jay R. Paul
Ning Peng
Angelica Perez
Paul J. Perlman
Joseph P. Petros
Dorothy M. Philips, PhD
Gladys Pincus
Phoebe Pirrone
Marcia S. Pledger
Theresa E. Polancic
Barbara Joan Poplawsky
Gerda H. Preuss
William Prince
Robert Ramir
Roberta Robins
Nanda Root*
Lisa-Clerc Rosenberg
Lynne Rubin
Norman Rubinstein
Doris Sabbagh
Barbara Saltzman
Edward Sandrow
Lolita T. Santiago
Louis Santiago
Catherine G. Savage

Aldo Scafati*
Rosalind Scheer
Anne-Marie Schiro
Jo Anne Schneider
William A. Schramm
Harvey B. Schuyler
Mabel Schwartz
Peter G. Scotese
Sam Seltzer
Ms. Carol R. Senior
Murray Socolof
Hope G. Solinger
Marlene Solomon
Karl E. Stein
Isabelle Stevenson
Lillian Sulan
Tanya Teitler
Ruth Thomas
Frederick Thompson
Carol Kehr Tittle
Eileen Trotta
Mary Tuberdy
Eleanor Doblin Unger
Arthur B. Waill
Ada Wainfeld
Howard Warshower
Ruth Warshower
Ruth Weichselbaum
Loma J. Weiss
Herbert I. and Selma Weisz
Richard G. West
Mae A. Wiener*
Roslyn Winter
Harriet M. Wollerstein
Judy A. Wulkan
Nili Young
Dr. Edith A. Zang
Michael Zumoff
*deceased

Lighthouse International Board of Directors 2008 – 2009
Roger O. Goldman1

Theodore S. Francavilla

Ellen Ratner

Chairman
General Partner
Berkshire Opportunity Fund

Senior Advisor
First Manhattan Consulting Group

Bureau Chief, Talk Radio News Service;
Political Editor, TALKERS Magazine;
Contributor, Fox News

Lino Garcia
Tara A. Cortes, PhD, RN

General Manager, ESPN Deportes

Barbara Munder Riordan

President and CEO
Lighthouse International

Thomas S.T. Gimbel

Executive Director, Memberships
Division, Institutional Investor

Joel B. Mounty

Executive Managing Director
Optima Fund Management LLC

Joseph A. Ripp

Stephanie Goldman-Pittel

President and COO, retired
Cegedim Dendrite International, Inc.

Vice Chair
President, Mountco Construction &
Development Corp.

Community leader

Barbara Saltzman
Brian S. Wood

Treasurer
President and CEO
Brian S. Wood and Associates, LLC

Jonathan M. Wainwright, Esq.

Secretary
Partner, Corporate
Cadwalader, Wickersham & Taft LLP

Arlene R. Gordon

President and CEO, retired, MMD, Inc.

Associate Executive Director, retired
Lighthouse International

Laine Siklos

Frances Hesselbein

Vice President, Global Product
Marketing, Warner Brothers

Chairman, Board of Governors, and
Founder, Leader to Leader Institute

Sarah Smith

Jordan S. Kassalow, OD, MPH

Controller and Chief Accounting Officer
The Goldman Sachs Group, Inc.

Founder and Chairman, VisionSpring

Ann D. Thivierge5

Deborah L. Bernstein
Investment Professional
Aquiline Capital

William P. Miller

Managing Director, Morgan Stanley

Private investor

Phyllis White-Thorne
4

Charles S. Cohen

William J. Moran

President and CEO
Cohen Brothers Realty Corp.

Executive Vice President and General
Auditor, retired, JPMorgan Chase

Manager of Public Information
Con Edison

Lawrence A. Yannuzzi, MD
Donald J. D’Amico, MD

Enid Nemy

Professor and Chairman of
Ophthalmology, Weill Cornell Medical
College; Ophthalmologist-in-Chief,
New York-Presbyterian Hospital

President, The Dorothy Strelsin
Foundation Inc.

Richard Feinbloom

Dorothy M. Philips, PhD
Chairman and CEO, Philips Healthcare
Communications

President, Designs for Vision, Inc.
Standing Committee Chairs
1
Executive 2 Finance 3Membership, Nominating & Governance 4Audit 5 Investment
(as of 4/1/09)

Founder and Chairman, Vitreous-RetinaMacula Consultants of New York

Honorary Directors
Adele Block
Allan Goldman
Jane Goldman
Arthur Manson
Hope G. Solinger

Medical Advisory Board
Lawrence A. Yannuzzi, MD

Jack M. Dodick, MD

Chair
Founder and Chairman,
Vitreous-Retina-Macula
Consultants of New York

Professor and Chairman of
Ophthalmology, New York
University School of Medicine

Donald J. D’Amico, MD

Professor and Chairman of
Ophthalmology,
Mount Sinai School of Medicine

Professor and Chairman of
Ophthalmology, Weill Cornell Medical
College; Ophthalmologist-in-Chief,
New York-Presbyterian Hospital

Douglas A. Jabs, MD, MBA

Joseph Walsh, MD
Chairman of Ophthalmology,
New York Eye and Ear Infirmary

Drs. Dodick, D’Amico, Walsh, Jabs and
Yannuzzi

Thomas S.T. Gimbel

Robert de Rothschild
Ari Fleischer
Craig Hatkoff

Judge Howard Holtzmann
David Malkin, Esq.
Jean Shafiroff
Anita Volz Wien

Tara A. Cortes, PhD, RN

Leonard Goldstein

Rowena D. Saunders, MSOL

President and CEO

Vice President, Programs
for Independent Living

Vice President, Volunteer Resources

Vice President and General Counsel

Leslie Jones, DMA

Noreen B. Brennan, PhD(c), RN, BC, CNA

Executive Director for the
Music School

Chief Financial and
Administrative Officer

Chair

Ronald B. Bruder

Executive Staff

Jasmine Khalili Barr, Esq.

Vice President, Business Development

Lisa Ferfoglia
Vice President, Human Resources

Tina Georgeou
Chief Marketing Officer

M. Stephen Soltis

Cynthia Stuen, PhD/DSW

Senior Vice President, Development

Senior Vice President, Policy
and Evaluation

Thomas J. Nolan

Vivian Torres-Suárez, MBA, BSN

Chief Information Officer

Senior Vice President, Services

Hope Kessler

Bruce P. Rosenthal, OD, FAAO
Chief of Low Vision Programs

This Annual Report is online at www.lighthouse.org. Like all Lighthouse
communications, it is available in alternate formats, and was designed in
keeping with Lighthouse International’s print legibility standards for making
information accessible to people who are visually impaired as well as to
those with full sight.
48

(as of 4/1/09)

Sources by page number
Inside cover Archives of Ophthalmology, 2007
2, 3, 6
Centers for Disease Control and Prevention; American
Diabetes Association
4

National Advisory Eye Council

Copyright © 2009 Lighthouse International Copy: Laurie A. Silbersweig Design: Jaine Schmidt
Photography: Auroral Imaging Company, Brigitte Bendl, Calogero, Billy Farrell, Getty Images, John Gullo, Harold Hechler, Dorothea Anne Lombardo, Ronald Sumners and Peter Vidor

Board of Advisors

Help Change 1 Life at a Time —
Become a Visionary Philanthropist!
There are numerous ways to support our mission. To make a
gift to Lighthouse International, call (212) 821-9393 or e-mail

gifts@lighthouse.org. To make a secure credit card donation
online, or for more information, visit www.lighthouse.org.

How to Volunteer and Receive
To volunteer, call (212) 821-9405.
To make an appointment with a Lighthouse low vision
doctor or rehabilitation professional, or to receive any
of our other services, call (800) 829-0500.
For VisionMax appointments, call (212) 821-9620.

Services

The Sol and Lillian Goldman Building
111 East 59th Street
New York, NY 10022-1202
(800) 829-0500
www.lighthouse.org

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