CharityWatch analyzed the audited financial statements of Avon Products Foundation for the fiscal year-ended 12/31/2019. We are unable to provide a rating for the Foundation at this time due to its small size and because it is funded almost exclusively by its related, for-profit company, Avon Products, Inc. According to the Foundation's 2019 audited financial statements, it received $250,000 in "Administrative Support" from related parties, and only $20,476 in "Contributions from others" that year.
According to its website, "In 2017 Avon separated from the North American business, which is now a privately-held company (New Avon LLC) and therefore, the Avon Foundation is no longer funding partnerships/projects in the US, Puerto Rico or Canada."
In 2015, Avon Products Foundation transferred its Breast Cancer Program to another public charity, New Venture Fund (NVF). NVF formed Avon Breast Cancer Crusade, LLC (ABCC) "to support breast cancer research education, outreach, awareness and access to care," according to the Foundation's 2017 audit. Also per the Foundation's 2017 audit: "In December 2017, ABCC discontinued its annual U.S. Avon 39 Walks and announced plans to wind-down its grant-making programs. As a result, the foundation will no longer be partnering with ABCC in 2018, however, the Foundation will continue its work to support breast cancer initiatives globally through partnerships with other organizations."
In Note 1 of its 2017 audit, Avon Foundation states:
"In 2017, the Foundation launched the Avon Breast Cancer Promise, its renewed commitment to the breast cancer cause in more than 50 markets worldwide. As part of this new promise, the Foundation, in partnership with Avon has set an annual goal to reach 50 million women to help them know the risks of breast cancer, know the signs of breast cancer, and know how to take action. The Foundation will work closely with its newly established advisory board of global experts to provide direction within the various markets in which the Foundation interacts. As a result of launching the new promise, the Foundation has ended its 'Avon Breast Cancer Crusade' branding going forward."
CharityWatch is unable to provide salary information for Avon Products Foundation (the Foundation).
According to the Foundation's audited Statement of Activities for the year ended December 31, 2019, the Foundation reports receiving "General Support - In-Kind" from related parties on which it placed a value of $320,367. According to the Foundation's audited Statement of Functional Expense for the year ended December 31, 2019, the $320,367 in "Total In-Kind Expenses" includes $318,122 in "Salaries and related personnel costs" and $2,245 in "Occupancy" expenses.