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1 ab 2013

3 Ilifa Labantwana Ilifa

4 Masma

5 Yu Yianbaa 11 Yu Yianbaa Yu Yianbaa Yu Yianbaa 50 Esethu 8 Esethu Esethu

7 8 JürgZeltner 9 Phyllis Kurlander Costanza

8 JürgZeltner 8

9 Phyllis KurlanderCostanza 9

13 (Teach for the Philippines) 13

14 % 2 30%

15 2.7 Living Goods Living Goods Living Goods Living Goods Living Goods Living Goods (Optimus Study Switzerland) Optimus Study Switzerland Optimus Study Switzerland , % 8% Living Goods Living Goods 563, ,926 58,111 15

16 (Save the Children) ,500 16,000 18,

17 ,000 Christine Wagner Gerhard Neeb Christine Wagner Jean-Francois Beausoleil Markus Scheller 17

18 2013 (Charity Card) KeyClub KeyClub KeyClub 0.75% 18

19 (ICS) ICS ICS com/optimus 19

20 UBS Optimus Foundation Annual Report Jürg Zeltner Alexander Friedman Kathryn Shih Christian Wiesendanger Lincoln Chen Stefan Germann Ethel Quayle Marcel Tanner Fay D. Twersky 1 Phyllis Kurlander Costanza Nina Hoppe Ingeborg Andrews Reinhard Fichtl Guangshen Gao Martina Gaus Patricia Lannen Ann-Marie Sevcsik Maya Ziswiler Fatiah Bürkner Pierre-Guillaume Kopp Manuel Pilla Karin Schumacher Wei Wei Mario Knoepfel

21 % 1% 3% 26% 34% 21% 1% 11% 24% 3% 42% 31% 10% 15% 4% 1% 3% 1% 66% ¹ KeyClub Source: Sushi-Liste Q:3 Grantmaking Facts & Figures 2009 Source: Sushi-Liste Q:3 Grantmaking Facts & Figures

22 Teach for the Philippines (Teach for the Philippines) (Teach for the Philippines) 22

23 23

25 Financial statements 2013

26 Financial statements 2013 Balance sheet as of 31 December CHF Assets UBS AG bank accounts 3,588, ,709, Swiss Federal Tax Administration, withholding tax 30, , Accrued interest 121, , Prepaid expenses 2,577, , Accounts receivable from UBS AG 158, , Total current assets 6,476, ,484, Securities 55,400, ,813, Total fixed assets 55,400, ,813, Total assets 61,876, ,297, Liabilities and Capital Accrued liabilities Provisions for grants for non-committed projects 15,973, ,207, Provisions for grants for committed projects 420, ,120, Total short-term liabilities 16,393, ,327, Provisions for grants for non-committed projects 3,610, ,150, Provisions for grants for committed projects 400, , Total long-term liabilities 4,010, ,750, Total liabilities 20,404, ,077, Funding for Education Portfolio 4,300, Funding for Health Portfolio 3,450, Funding for Child Protection Portfolio 1,750, Emergency Response Fund 1,947, Funding for project-specific donations 2,080, Total funding capital (committed funds) 13,528, Foundation capital 19,827, ,827, Fluctuation reserves 1,000, Grant account 22,392, ,460, Annual result 15,276, ,068, Total capital of the organization 27,943, ,219, Total liabilities and capital 61,876, ,297,

27 Operating statement, 1 January 31 December CHF Income Donation income for non-committed projects 6,173, ,157, Donation income Hong Kong for non-committed projects 95, Donation income for committed projects 2,821, ,097, Donation income Hong Kong for committed projects 509, Donation income from UBS (Lux) Strategy Fund 414, , Total donation income 10,014, ,719, Interest and dividend income 1,279, ,088, Adjustment to accrued interest 482, , Realized profit on securities 306, , Unrealized profit on securities 1,836, , Unrealized foreign exchange gains on current accounts 17, Retrocessions Total financial income 2,957, ,772, Dissolution of provisions for grants 495, , Total income 13,468, ,857, Expenses Grants for non-committed projects 11,487, ,725, Grants for committed projects 360, ,800, Total grants 11,847, ,525, Realized loss on securities 758, , Unrealized loss on securities 1,442, , Unrealized foreign exchange losses on current accounts 166, Non-refundable withholding taxes 1, Total financial expenses 2,368, , Total grants and financial expenses 14,215, ,925, Annual result before allocation of funds 747, ,068, Allocation of funds (to) / from Education Portfolio 4,300, Allocation of funds (to) / from Health Portfolio 3,450, Allocation of funds (to) / from Child Protection Portfolio 1,750, Allocation of funds (to) / from Emergency Response Fund 1,947, Allocation of funds (to) / from project-specific donations 2,080, Allocation of funds (to) / from fluctuation reserves 1,000, Allocation of funds (to) / from foundation capital Net annual result 15,276, ,068,

28 Financial statements 2013 Notes to the financial statements Legal form and foundation objectives The UBS Optimus Foundation, Basel, is a nonprofit foundation under Swiss law. The Foundation is committed to promoting the overall well-being of children. Its goal is to enable children and adolescents worldwide to have access to education and the ability to grow up in an environment free of violence and sexual abuse. At the same time, the foundation is supporting targeted research in order to foster the health of disadvantaged populations worldwide. The foundation supports the development, validation, promotion and dissemination of innovative approaches and ideas for the improvement of education, the protection and health of disadvantaged children and adolescents worldwide, regardless of their political, religious or ethnic backgrounds. Geographically, the foundation concentrates predominantly on areas where the greatest need for action exists with regard to the defined grant areas, namely on the countries of the southern hemisphere. The focal area Protection against violence and sexual abuse is also being supported in northern, western and industrialized countries due to the need for action there. As far as possible, the available funds should not be split up in a multitude of directions that may be good in themselves, but rather consolidated for major needs. It must be ensured that the activities and responsibilities of the community and other institutions in this area are not rendered superfluous and are not replaced, but rather complemented. The Foundation s funds are to be used where others are not able to support and promote the aforesaid purposes. In particular, no services shall be rendered that produce an obligation vis-àvis another institution for other reasons. The Foundation is not pursuing any kind of economic objectives. The Foundation can also set up other foundations within the context of its own purpose, or for particular sub-purposes. Foundation charter and regulations Date Valid from Foundation Charter Foundation Regulations Investment Guidelines Auditor and supervisory authority Appointed auditor Oversight authority PricewaterhouseCoopers AG, Basel BVG- und Stiftungsaufsicht beider Basel (BSABB) Foundation Board and signature authorization Jürg Zeltner, Uetikon am See Chairman UBS Dual signature since 2007 Kathryn Shih Co, Hong Kong, HK Member UBS since 2007 Alexander Friedman, Zurich Member UBS Dual signature since June 2012 Mario Marconi Archinto, Geneva Member UBS Dual signature until November 2013 Christian Wiesendanger, Zurich Member UBS Dual signature since November 2013 Marcel Tanner, Basel Member External since 2007 Ethel Quayle, Crail, GB Member External since 2010 Stefan Germann, Gümligen Member External since 2011 Fay D. Twersky, Seattle, USA Member External since December 2012 Lincoln Chen, Brookline, USA Member External since December 2012 Phyllis Kurlander Costanza CEO Dual signature 28

29 Branch On 29 April 2013 the UBS Optimus Foundation opened a branch in Hong Kong. The duties and responsibilities of the branch are generally limited to fund-raising. Accounting and valuation principles Balance sheet items are carried at market value as of the reporting date. Interest and dividends are posted on a gross basis, i.e. including withholding / source taxes. Refundable withholding / source taxes are capitalized. Accrued interest is capitalized and the change recognized as income. Applying the transitional provisions of the new accounting law, these financial statements have been prepared in accordance with the provisions on accounting and financial reporting of the Swiss Code of Obligations effective until 31 December Investment policy The investment policy is governed by the Investment Guidelines and is implemented by UBS AG on a mandate basis. On 22 March 2013, the Foundation Board adopted modifications to the investment strategy. Securities by category CHF Structured products with MM & FX character & warrants 878, Bonds and comparable investment vehicles 18,257, ,811, Equities and comparable investment vehicles 26,155, , Hedge Funds & Private Equity 10,108, Total securities 55,400, ,813, Exchange rates CHF Closing year-end exchange rates for accounts balance and securities CAD 1 = EUR 1 = GBP 1 = HKD 1 = JPY 1 = USD 1 = Committed funds This position includes two types of committed funds: Project-specific funds are funds received from a third party (donor) who has made limitations on how to use the funds. Portfolio funds are funds which have to be used to support projects in the strategic grant areas of the Foundation. 29

30 Financial statements 2013 Additional notes on the balance sheet and operating statement Administrative expenses UBS AG bears all administrative and wage costs of the UBS Optimus Foundation. Donations in the form of securities (not in balance sheet) The UBS Optimus Foundation receives donations in the form of securities that, however, are not tradable. These securities are managed in a separate custody account. As soon as they are tradable, they are sold and posted in book-keeping (with the sales proceeds achieved) as donation income. Securities not tradable (donations) CHF Hedge funds and private equity 62, , Real estate funds 2,075, ,935, Indicative market value on 31 December 2,138, ,992,

31 Development of grant account CHF Opening balance as of 1 January 22,392, ,460, Grants for non-committed projects 11,487, ,725, Grants for committed projects 360, ,800, Dissolution of provisions for grants 495, , Grant account after grant provisions 11,041, ,301, Allocation Donation income (including committed projects) 8,994, ,254, Donation income Hong Kong (including committed projects) 605, UBS (Lux) Strategy Fund Donation of distribution of fund income 119, , UBS (Lux) Strategy Fund Donation of all-in-fee by UBS 217, , UBS (Lux) Strategy Fund Donation of issuing commission by UBS 77, , Total donation income 10,014, ,719, Interest on current account 1, , Interest and dividend earnings on securities 1,277, ,078, Adjustment to accrued interest 482, , Realized gains / losses on securities 451, , Unrealized gains / losses on securities 394, , Unrealized foreign exchange gains / losses on current accounts 148, Non-refundable withholding taxes 1, Retrocessions Total financial profit 589, ,371, Allocation to Education Portfolio 4,400, Allocation to Health Portfolio 3,450, Allocation to Child Protection Portfolio 1,750, Allocation to Emergency Response Fund 2,529, Allocation to project-specific donations 2,080, Allocation to fluctuation reserves 1,000, Allocation from Education Portfolio 100, Allocation from Emergency Response Fund 582, Grant account as of 31 December (after allocation of annual result) 7,116, ,392, Thereof committed for projects ,352,

32 Financial statements 2013 Report of the statutory auditor to the Foundation Board of UBS Optimus Foundation Basel Report of the statutory auditor on the financial statements As statutory auditor, we have audited the financial statements of UBS Optimus Foundation, which comprise the balance sheet, operating statement and notes (pages 26-31), for the year ended 31 December Foundation Board s Responsibility The Foundation Board is responsible for the preparation of the financial statements in accordance with the requirements of Swiss law and the foundation s deed and internal regulations. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The Foundation Board is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity s preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements for the year ended 31 December 2013 comply with Swiss law and the foundation s deed and internal regulations. Report on other legal requirements We confirm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and independence (article 83b paragraph 3 CC in connection with article 728 CO) and that there are no circumstances incompatible with our independence. In accordance with article 83b paragraph 3 CC in connection with article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confirm that an internal control system exists which has been designed for the preparation of financial statements according to the instructions of the Foundation Board. We recommend that the financial statements submitted to you be approved. PricewaterhouseCoopers AG Ralph Maiocchi Audit expert Auditor in charge Basel, 28 February 2014 Pascal Bucheli Audit expert PricewaterhouseCoopers AG, St. Jakobs-Strasse 25, 4002 Basel, Telefon: , Telefax: , PricewaterhouseCoopers Ltd is a member of the global PricewaterhouseCoopers network of firms, each of which is a separate and independent legal entity. 32

33 Management, Augustinerhof 1, P.O. Box, CH-8098 Zurich Grant Squibb 17 Pierre-Guillaume Kopp 2014 UBS 33

36 Management Augustinerhof 1 P.O. Box, CH-8098 Zurich [email protected] [email protected] ab

World Bank Document

World Bank Document Public Disclosure Authorized 30 JUN 2016 H-ot A? 7 Audit Service Center of China National Audit Office for Public Disclosure Authorized Foreign Loan and Assistance Projects Audit Report Public Disclosure