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Why is the funding announced at Walk Closing Ceremonies less than the total raised?

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Why is the funding announced at Walk Closing Ceremonies less than the total raised?

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At the Closing Ceremony of each Avon Walk, the Avon Foundation announces financial gifts that have been reviewed and approved by the Avon Foundation Board in advance, before final fundraising is known. These initial gifts are awarded to organizations and institutions in the Avon Walk geographic area. Some may be new beneficiaries while others may be new gifts to organizations that have been previously awarded funding from the Avon Foundation. Any additional monies raised by each Walk, along with funds raised by other Avon Foundation activities, are combined and granted to breast cancer organizations throughout the country on an ongoing basis. For more information on the Avon Foundation’s granting process, please visit http://www.avoncompany.com/women/avonfoundation/gapeop.html or for specific questions contact info@avonfoundation.org.

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