ANNUAL REPORT 2010

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Message from the President

Table of contents

AOLHET in 2010 ...

Development of Sri Sri University in 2010 ..

Wall of Gratitude ....

Giving Levels and Donations .

Financial Statement .....

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p. 9

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Mr. Raj Shah: President 2010 Dear friends: It has been a wonderful year for our growing organization. Many developments have swiftly taken place in 2010, both at our Washington D.C. headquarters and at our groundbreaking initiative in Orissa, India, the construction of a world-class university. It is with pleasure that I have handed my role as president to Vinesh, and I look forward to another excitement-filled year. Thank you for your continued support.

Mr. Vinesh R. Virani, current President As AOLHETs new President, I am eager to present this report on the developments of 2010. We established a presence and full-time staff support in Washington, DC, and started to build a base of volunteers throughout the U.S. Academic planning, leveling and construction are taking place at Sri Sri University in Orissa, India, with social outreach programs spreading across the region. We are excited to begin this first phase of our project, and best wishes to our friends and supporters for the year ahead.

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The Art of Living Health and Education Trust in 2010

Who we are AOLHET is a 501(c)(3) nonprofit public charity dedicated to improving the quality and accessibility of healthcare and education. We began our flagship program at Sri Sri University in 2010 and are poised to launch other innovative projects that reduce disparities in access to healthcare and values-based education in the U.S. and worldwide.

Our Mission The Art of Living Health and Education Trust (AOLHET) envisions a world where everyone has access to quality healthcare and values-based education. Our mission is to foster, promote and support improved education and healthcare in the United States and throughout the world, and to encourage increased public awareness and understanding of the needs of the poor for better education and healthcare. Sri Sri University (SSU) In 2010 we launched our flagship program, a capital campaign to build Sri Sri University (SSU) in Orissa, India. The campus is spread over 185 acres on the banks of the Kathjodi River, 24 kilometers from the capital city of Bhubaneswar. In keeping with our organizational mission, the University will provide a source of sustainable education and healthcare in the surrounding region.

Efforts in 2010 In 2010, AOLHET set up a broad base to further our organizational mission. We established an office for the first time in Washington, DC, headed by Development Officer Adria Estribou, and set up the structure and procedures necessary to become an efficient nonprofit. We also undertook our first awareness-raising activities in order to garner recognition and support for the organization. Our outreach efforts included a presentation on the importance of value-based education made to the over 2,000 attendees of a North American based Art of Living Conference in July 2010.

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Sri Sri University Developments in 2010

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Architectural planning

In 2010 SSUs team worked closely with several architects to perfect the plans of the university and

maintain their focus on environmental responsibility and cost efficiency. The campus design takes

advantage of the existing contours of the land as a natural foundation. Water is an integral part of

the design, harmonizing with the Kathjodi River that runs along one side of the campus.

The campus will feature green buildings, solar panels and sustainable landscaping.

Academics

As a strategic decision, the opening of the University was postponed from 2011 to 2012.

Dr. K. C. Mishra - Director of Lal Bhadur Shastri Institute of Management, Delhi has been appointed as the Dean of Sri Sri University - Institute of Management Studies. His appointment begins in March 2011.

In 2012, the University will commence with the following academic programs: o MBA, MBA Agri Business o MBA Entrepreneurship o BBA o B. Tech (Computer Science, Electronics & Communications, Environmental &

Energy Engineering, and Town Urban Planning Engineering) o MA, Osteopathic Medicine

Sustainable Design

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Infrastructure

The Government of Orissa allocated approximately 185 acres to the University.

SSU staff furnished a 3000 Sq. ft corporate office in Bhubaneswar that has been operational from

December 2010.

Begun in 2010: Site preparation work including leveling and road rerouting, development of a master plan, statutory compliance and plan approvals.

Total construction will span a 7-year period, to occur in multiple phases.

Ground Preparation

Road Construction

Sri Sri University Office

in Bhubaneshwar

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Launch of Sri Sri University Sri Sri University held its first ever press conference in Bhubaneswar on August 15, 2010, announcing that the university will begin operations in the next academic year. The Faculty of Management Studies will offer MBA and BBA programs, while the Institute of Liberal Arts & Sciences will offer a Masters program in Social Work. Vocational training centers will also begin their work.

Social Outreach Center for Excellence in Vocational Training, Sri Sri University Enhancing the skills of unemployed and poor youth in villages surrounding the University In a pilot program called Project Vidya, forty-one rural youth underwent three months of training in masonry and metalworking. In 2010, SSU signed a formal memo of understanding with L&T Public Charitable Trust and L&T Construction & Skills Training Institute to set up a training center in Orissa under the banner of Sri Sri University. This joint venture provides free services that include construction

skills training, boarding and lodging, and also imparts Art of Living techniques that encourage sound physical & mental well-being. In addition, a three-month course in cell phone repair took place on the SSU campus during September 2010 under the Department of Social Outreach. Twenty-five youth enrolled in the program. The course is offered in collaboration with BOSE (Bhubanananda Orissa School of Engineering), GoO, Department of Industries, under the Community Development Programme of GoI.

Health Camps in Sandhapur and Bidhyadharpur In these health camps, graduates of the Youth Leadership Training Program (YLTP) of the Art of Living Foundation, Art of Living teachers and volunteers provided free health and medical services in two villages located near the Sri Sri University campus. Homes for the Underprivileged More than ten houses have been constructed in Bidhyadharpur and other surrounding villages that will serve the underprivileged.

Training in Masonry

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We need your help!

Please help us to foster health and education throughout the world through:

Monthly or Annual Giving

Gift Catalog Giving

Individual Donations with Corporate Matching (ask your company to incorporate us into their matching gift program!)

Bequest

Gifts in Kind

Foundation and Corporate Giving

Volunteering Send a check payable to AOLHET or donate safely online at: http://www.aolhet.org/donate You can be confident that your contribution will be used diligently to provide opportunities for students to learn, lead and serve.

You create your own world around you. You create your own environment. Each of us

in our own way must acknowledge our responsibility to society.

Sri Sri Ravi Shankar

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Wall of Gratitude

We would like to express our appreciation for your support. Through your dedication and service,

we can continue in our mission to learn, lead and serve.

We offer particular gratitude towards our largest donors from 2010:

Mr. Mandar Apte, Mr. Raghu Daripalli, Mr. Shalin Desai,

Mr. and Mrs. Anurag and Gunjan Jain, Mr. and Mrs. Nilendu Srivastava, Mr. Jayesh T Patel, Mr. Parag Patel, Mr. Raman Poola, Prolient Group Corp.,

Mr. Phanilatha Vishnubhotla, Mr. Manoj Kumar Warrier.

Thank you!

Information alone is not education; it is the cultivation of our behavior and attitude. It is

our ability to perceive things better. Perception, Observation and Expression, these are three

aspects of education that need to be improved.

Sri Sri Ravi Shankar

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Financial Statement

Jan - Dec 10

Ordinary Income/Expense

Income

Direct Public Support

Donations Unrestricted Indiv. 1,054.72

Donations Restricted SSU Indiv. 263,696.15

Donations Restricted Local Edu 20.00

Paypal Fees -321.18

Direct Public Support - Other 74,347.13

Total Direct Public Support 338,796.82

Other Types of Income

Fundraising Items 818.25

Miscellaneous Revenue 0.16

Other Types of Income 818.41

Total Income 339,615.23

Cost of Goods Sold

Cost of Sales - Inventory Sales 2,475.00

Total COGS 2,475.00

Gross Profit 337,140.23

Expense

Awards and Grants 250,000.00

Business Expenses

Business Registration Fees 38.50

State Charity Registrations 1,883.30

Bank Fees 242.91

Merchant Services Fees 1,633.57

Total Business Expenses 3,798.28

Contract Services 700.00

Facilities and Equipment

Depr and Amort - Allowable 1,193.00

Equip Rental and Maintenance 190.37

Rent, Parking, Utilities 5,500.00

Total Facilities and Equipment 6,883.37

Operations

Postage, Mailing Service 359.28

Printing and Copying 2,914.11

Supplies 4,323.00

Telephone, Telecommunications 1,137.61

Web Site 850.00

Internet Services 60.00

Software 45.00

Email Publications 282.00

Total Operations 9,971.00

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Other Types of Expenses

Advertising Expenses 25.00

Membership Dues 99.00

Other Costs 100.13

Insurance - Health 1,752.00

Total Other Types of Expenses 1,976.13

Payroll Expenses

Salaries 15,506.81

Payroll Taxes 1,447.27

Payroll Expenses - Other 0.00

Total Payroll Expenses 16,954.08

Special Event Expenses 235.10

Travel and Meetings

Conference, Convention, Meeting 151.29

Travel 20.00

Travel and Meetings - Other 2,242.49

Total Travel and Meetings 2,413.78

Total Expense 292,931.74

Net Ordinary Income 44,208.49

Net Income 44,208.49

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Balance Sheet

Dec 31, 10

Dec 31, 09

$ Change

ASSETS

Current Assets

Checking/Savings 124,999.70

80,328.05

44,671.65

Total Checking/Savings 124,999.70

80,328.05

44,671.65

Other Current Assets

Overpaid Federal Unempl. Taxes 61.25

0.00

61.25

Total Other Current Assets 61.25

0.00

61.25

Total Current Assets 125,060.95

80,328.05

44,732.90

Fixed Assets

Furniture and Equipment

Original Costs 1,435.76

0.00

1,435.76

Accumulated Depreciation -264.00

0.00

-264.00

Total Furniture and Equipment 1,171.76

0.00

1,171.76

Total Fixed Assets 1,171.76

0.00

1,171.76

Other Assets

Website

Original costs 2,136.00

2,136.00

0.00

Accumulated Amortization -1,780.00

-1,068.00

-712.00

Total Website 356.00

1,068.00

-712.00

Organization Costs

Original Costs 3,250.00

3,250.00

0.00

Accumulated Amortization -462.00

-245.00

-217.00

Total Organization Costs 2,788.00

3,005.00

-217.00

Total Other Assets 3,144.00

4,073.00

-929.00

TOTAL ASSETS 129,376.71

84,401.05

44,975.66

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Other Current Liabilities

Payroll Liabilities 767.17

0.00

767.17

Total Other Current Liabilities 767.17

0.00

767.17

Total Current Liabilities 767.17

0.00

767.17

Total Liabilities 767.17

0.00

767.17

Equity

Opening Balance Equity 84,401.05

84,401.05

0.00

Net Income 44,208.49

0.00

44,208.49

Total Equity 128,609.54

84,401.05

44,208.49

TOTAL LIABILITIES & EQUITY 129,376.71

84,401.05

44,975.66

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The Art of Living Health & Education Trust 2401 15th Street, NW

Washington, DC 20009 Phone: (202) 370-6985 - Email: info@aolhet.org

www.aolhet.org