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Latest Financial Review Shows Ducks Unlimited Puts its Money Where its Mission Is

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85 Percent of DU's Expenditures Go to Conservation

MEMPHIS, TN, November 25, 2003 - Ducks Unlimited recently released its audited numbers for Fiscal Year 2003, revealing an 85 percent efficiency rating, which means that 85 percent of the money DU spent went directly to its conservation mission.

"An organization's efficiency rating is a good indicator of whether they're spending their donor's money where they say they will," says DU's Chief Financial Officer, Randy Graves. "Many people won't donate to a non-profit without first researching its efficiency rating. They simply want to know where their money is going, and in DU's case, they can take comfort in knowing that a very high percentage is going to our conservation mission, while only three percent is spent on administration."

Efficiency ratings are designed to assess the percentage of every dollar that goes directly to the projects of a non-profit organization. Monitoring groups cite a minimum 65 percent efficiency rating as a baseline by which other non-profits can be judged.

"DU takes pride in the fact that our Board of Directors has an expectation that each year, more than 80 percent of our expenditures go directly towards conservation," says Don Young, DU's Executive Vice President. "Last year, DU exceeded that goal by putting 85 percent of our expenditures directly into our conservation mission. Few other conservation groups can boast such a high rate of return on their members' conservation investments, and we're determined to maintain that high standard by continuing to spend our funds where they will most benefit North America's waterfowl and wetlands."

"It's the hard work and dedication of DU volunteers that make such efficient conservation work possible," continued Young. "For the millions of acres DU has conserved, and the millions more we hope to conserve in the future, we owe a profound thanks to DU members and volunteers."

Ducks Unlimited's mission is to conserve, restore, and manage wetlands and associated habitats for North America's waterfowl. These habitats also benefit other wildlife and people. With more than a million supporters, Ducks Unlimited is the world's largest and most effective wetland and waterfowl conservation organization. The United States alone has lost more than half of its original wetlands - nature's most productive ecosystems - and continues to lose more than 100,000 wetland acres every year.

Contact: Laura Houseal

(901) 758-3764

lhouseal@ducks.org

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