by Bruce Harrington, Chief Financial Officer
<img src="{filedir_1}Solid-Financial-Picture.jpg" width="325" height="217" class="floatleft" />WaterStone ends the year with a solid financial position. However, financial charts don’t always reflect the entire picture. There are a number of interesting details, a title wave of ripples that do not show up on this summary.

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<li><em>In the last ten years WaterStone has helped donors and their families distribute more than $200 million in Kingdom resources to other ministries and charities.</em></li>
<li><em>Over 1,200 non-profit organizations both in the U.S. and overseas have benefited through WaterStone and its generous givers – just in the last year.</em></li>
<li><em>WaterStone serves close to a thousand donor families.</em></li> 
<li><em>Nearly half of those families are experiencing the joy of granting current gifts to their favorite charities and ministries.</em></li> 
<li><em>WaterStone has grown from a $66 million dollar organization in 2001, to a $225 million organization in 2011.</em></li>
</ul>

<img src="{filedir_1}Total-Assets-Rev.jpg" width="490" height="248" />

When people comment on our asset growth, I generally respond that our assets are “inventoryâ€ in a manufacturing analogy. WaterStone is not here for the purpose of growing our asset base, stockpiling our “inventory.â€ We are here to serve donor families by transforming assets into living water – turning our “inventoryâ€ into grants to other ministries at donor direction. “Inventoryâ€ growth is just part of the process of turning hard-to-value assets (real estate, partnerships, royalties, etc.) into Kingdom resources.

For a print version of the entire fall 2011 Ripple Effect newsletter, <a href="{filedir_1}RippleEffect_Newsletter_2011.pdf">download the pdf</a>.
