公益財団法人 米日カウンシル－ジャパン

U.S.-Japan Council (Japan)

2020 年度事業報告

2020 Business Report公益財団法人 米日カウンシル－ジャパン

Business Report 2020

I.

OVERVIEWAs the U.S.-Japan Council (Japan), Koeki Zaidan Hojin Beinichi Kaunshiru Japan” in Japanese (herein“Foundation”) completes its ninth business year of operations, it has achieved many of its key
charitable objectives through an active and dynamic set of programs, further developed its people-topeople network in Japan and continued to build a sustainable organizational foundation.
Due to the outbreak of COVID-19, the Foundation, like many other organizations, experienced
difficult times. Additionally, our Founder, Ms. Irene Hirano Inouye, died after an illness, and was
succeeded in May by Suzanne Basalla in the role of Representative Director. The Foundation was able
to react in a timely manner to pivot many programs to an online format with innovative approaches tomake programs effective and impactful. During 2020, the Foundation successfully delivered over 50
programs for about 2,000 participants.
Through activities organized and overseen by the Foundation and supported by the implementing
assistance of collaborating partners, hundreds of young people in Japan and the United States
participated in the TOMODACHI Initiative. Many of these young TOMODACHI participants foundtheir experiences to be transformative and life-changing. Meaningful international contact createdmultiple unique bonds between participants, and program content sparked new interests and confidence
within these young people. In total, the Foundation administered 12 unique TOMODACHI programs in2020 in the fields of education, culture, and leadership development, participated by 865 young people
from both Japan and the United States.
As an extension of the TOMODACHI Initiative, the Foundation offers TOMODACHI Alumni
Programs for over 9,500 TOMODACHI program participants. In 2020, the Foundation offered 27
distinguished TOMODACHI Alumni Programs, attended by over 870 alumni, to give themexperiences, exposures and skills to enhance their leadership.
The Foundation has also worked in other areas of U.S.-Japan people-to-people exchange, including
engagement with business leaders, legislative leaders, NGO leaders, and others with a shared interest in
U.S.-Japan relations. The Foundation’s networking and general education programs included theBusiness Advisory Board, which brought together more than 100 Japanese and American leaders overthe course of face-to-face and virtual meetings throughout the year to discuss areas of mutual interest in
U.S.-Japan relations.

II.

PURPOSEThe purpose of the Foundation is to promote people-to-people ties between Americans and Japanese of
all generations as a crucial aspect of the U.S.-Japan relationship, as well as to strengthen educational,
cultural, and economic ties and deepen the long-term friendship between the United States and Japan.
The Foundation’s core business is to manage the TOMODACHI Initiative (the “TOMODACHI
Initiative” or “TOMODACHI”), a public-private partnership with the U.S. Embassy in Tokyo that
nurtures the next generation of Japanese and Americans through three types of programs: educational
programs; cultural exchange programs in sports, music and the arts; and leadership programs. The
Foundation also manages TOMODACHI Alumni Programs targeting those who have experienced

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Business Report 2020

TOMODACHI programs, to provide opportunities to engage and inspire one another, and keep
developing their leadership skills.
In 2020, the Foundation managed and administered the selection of the activities described in thisreport, which were funded through the Foundation. The TOMODACHI Initiative also receives support
from the U.S.-Japan Council (U.S.) based in Washington, D.C., for activities funded through theseparate tax-exempt U.S. entity.

III. ACTIVITIESA.

CHARITABLE ACTIVITY - TOMODACHI Educational Programs

Educational programs serve to enrich and inspire young Japanese and Americans through exposure toeach other's countries. Through a broad set of programs, the TOMODACHI Initiative aims to engage
young Japanese and Americans through academic and exchange opportunities and thereby strengthen
overall U.S.-Japan relations. Four (4) TOMODACHI Educational Programs were conducted by theFoundation’s support during 2020 including the following.
TOMODACHI-UNIQLO Fellowship
TOMODACHI Internship Program
TOMODACHI KAKEHASHI Inouye Scholars Program
KATARIBA.online MyproRoom supported by the TOMODACHI Initiative
B. CHARITABLE ACTIVITY – TOMODACHI Cultural Programs
Cultural programs provide gateways for Japanese and Americans to learn about and to develop
enduring interest in each other's countries. TOMODACHI collaborated with existing cultural exchange
programs, bringing new programs to Tohoku and other regions of Japan, and supported some new andinnovative activities. One (1) Cultural Program within the TOMODACHI Initiative that theFoundation funded during 2020 included the following.
TOMODACHI Suntory Music Scholarship Fund
C. CHARITABLE ACTIVITY – TOMODACHI Leadership Programs
TOMODACHI promotes programs that help the next generation of young leaders gain the skills andexpertise necessary to guide them towards success and help them make a positive difference for theircommunities, for their countries, and for the entire world. This year’s programs included fellowships
and leadership programs for high school and college students as well as young professionals. Seven (7)Leadership Programs supported by the Foundation included the below programs.
Building the TOMODACHI Generation: Morgan Stanley Ambassadors Program
TOMODACHI High School Women Career Mentoring Online Program in Tohoku
supported by the TOMODACHI Combini Fund2020
TOMODACHI-STEM @ Rice University Program

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Business Report 2020

10th TOMODACHI-Keio SFC Entrepreneurship Seminar
TOMODACHI Foster Youth Leadership Program
TOMODACHI Social Entrepreneurship Award Program
TOMODACHI Alumni Leadership Program

D. CHARITABLE ACTIVITY - TOMODACHI Alumni Programs
The TOMODACHI Alumni Program builds upon the initial TOMODACHI experience to inspire andempower the young people of Japan and America, giving them the experiences, skills, and confidence
to achieve their dreams and contribute to a better world. The Foundation offers the alumni community
with a range of opportunities to engage and inspire one another to build strong, enduring relationships.
In 2020, all the Alumni programs were conducted online using a web-based meeting tool. Thanks to
the online format, Alumni “regional” events were attended by alumni and stakeholders all across thenation.
With 2020 TOMODACHI Programs complete, over 9,500 members are TOMODACHI Alumni. They
range in age from 14 to 40 and come from across Japan and the United States. In 2020, over 870
TOMODACHI alumni participated in 28 programs including the following.
SIGNATURE PROGRAMS:
Next Generation Summit
TOMODACHI Generation Leadership Academy 2020
TOMODACHI Alumni Regional Impact for Social Empowerment (RISE)TOMODACHI Industrial Insight
TOMODACHI Critical Conversations
REGIONAL ACTIVITIES:TOMODACHI Alumni Regional Welcome Events
TOMODACHI Alumni Regional Theme EventsPARTNERSHIP ACTIVITIES:
U.S.-Japan Council Business Advisory Board
E. CHARITABLE ACTIVITY – Networking/General Education
In addition to TOMODACHI activities, the Foundation engages in networking activities and related
general education activities to build ties between Americans and Japanese in key areas of therelationship. Many of these programs were conducted in virtual format in 2020.
1. Bilateral Boardroom
The Foundation held an on-line conference “Bilateral Boardroom” on September 17, convening
key decision-makers from business, government, and the civil sector in the United States and Japanfor critical conversations around the theme of Leadership Through Crisis, Lessons Learned. The

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Business Report 2020

program examined leadership and critical lessons from prior crises, analyzing the impact of thecurrent coronavirus pandemic from a social and economic perspective, and setting the agenda for
the future of the U.S.-Japan relationship. Over 4,000 people viewed this virtual conference live andfrom the website posting.
2. Business Advisory Board
The Business Advisory Board (BAB), founded in 2014, continued to create further ties with thebusiness sector and the U.S.-Japan Council, continued with additional activities in 2020. The BAB
is led by successful executive leaders who have worked in the United States and Japan, and it held
two meetings in 2020 (one in-person and the other in virtual format) and a total 115 members
participated. The BAB meetings offered speaker sessions to discuss international, cultural, and/or
business topics, and networking opportunities for the members.

3. Japanese American Storytelling Program
The Foundation launched the Japanese American Storytelling Program (“JASP”) in 2020. It is a
program for U.S.-Japan Council leaders (members) to convey positive educational messages to theyouth at universities in Japan. Overarching themes include tolerance and empathy for immigrants,
overcoming discrimination and prejudice, strength of diversity in society, and building bridges
between the US and Japan. These themes are communicated through personal family history
narratives. In 2020, the Foundation gave presentations to about 400 students at 8 different
universities.
4.

Delegations

Due to the COVID-19 situations, two signature delegation programs, Japanese American
Leadership Delegation and Asian American Leadership Delegation, were not conducted in 2020.
In place of the Asian American Leadership Delegation (AALD), the Council produced a videointerview series posted on the website of Sasakawa Peace Foundation, a partner entity who assisted
the funding of the project, where past AALD participants reported what was happening in theircommunities related to the COVID-19, social justice movement, elections, etc.

IV.

GOVERNANCE

The Foundation’s Board of Councilors and Board of Directors continues to operate in compliance with
the Foundation’s Articles of Incorporation.
A.

BOARD MEMBERS

BOARD OF DIRECTORS (as of Dec. 31, 2020)

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Business Report 2020

Board Officers:
Royanne Doi, Chair & Representative Director
Corporate Governance Specialist
Suzanne Basalla, Representative Director
President & CEO, U.S.-Japan Council
Ryuichi Katayama, Internal Auditor
Board Members:
Stan Koyanagi
Member of the Board of Directors, Managing Executive Officer and Global General Counsel, ORIX
Corporation
Gary Moriwaki
Partner, Windels Marx Lane & Mittendorf, LLP
Takashi Ohde
Instructor, Department of Intercultural Communication, Gakushuin Women’s College
Jenifer Rogers
General Counsel Asia, Asurion Japan Holdings G.K.
Miyuki Tani
Executive Director, Morgan Stanley Capital K.K.

BOARD OF COUNCILORS (as of December 31, 2020)
Board Officer:
Kathy Matsui, Chair
Vice-Chair, Goldman Sachs Japan Co., Ltd.
Board Members:
Daniel Fujii
President & CEO, Trust Capital Co., Ltd.
William Ireton
Head of Production (Japan), Sony Pictures International Productions
Merle Aiko Okawara
Chairman, DELSOLE Corporation
Henry Takata
Representative Director, SynTech Japan Co., Ltd.

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Business Report 2020

B.

BOARD MEETINGSThe Foundation held below four Board of Directors meetings and one Board of Councilors meeting in2020 with respective agenda below.
March 5, 2020 - Board of Directors meeting (quorum met)
● Approval of 2019 Audited Business Report and Business Report-related Filing Documents(with the Cabinet Office)● Approval of Audited Balance Sheets and the Profit and Loss Statements (“Financial
Statements”), the Annexed Detailed Statements thereof, the Inventory of Property, etc., andRegulatory Submission of said documents for the seventh fiscal year
● Performance Report by Representative Director(s) and Executive Director(s)● TOMODACHI Initiative Update and Approval of Re-election of TOMODACHI Program
Committee Members● Election of Directors and Councilors● Proposal suggesting the general meeting of the councilors take place by the form of writtenconsent with the following reporting and resolution items.
March 23, 2020 - Board of Councilors (unanimous written consent)● Report on the Business Plan, Income and Expenditure Budget and Forecast of Loan andCapital Investment for the sixth fiscal year (January 1, 2020 through December 31, 2020)● Approval of 2019 Audited Business Report and the Annexed Statement thereof for the
Eighth fiscal year (January 1, 2019 through December 31, 2019)● Approval of the Balance Sheets and the Profit and Loss Statements (“Financial
Statements”), the Annexed Detailed Statements thereof, the Inventory of Property for theeighth fiscal year (January 1, 2019 through December 31, 2019)● Report on Performance Report● Election of Directors, Councilors and Auditor● Approval of Revisions on the Articles of Incorporation
June 25, 2020 - Board of Directors meeting (quorum met)
● Election of Director● Quarterly Financial Report● TOMODACHI Initiative Updates● Interim Executive Performance Report
June 25, 2020 – Extraordinary Meeting of Councilors Committee (by written consent)● Election of Director
July 2 2020 – Extraordinary meeting of Board of Directors (by written consent)● Appointment of Representative Director
September 10, 2020 - Board of Directors meeting (quorum met)
● Performance Report by Representative Director(s) and Executive Director(s)公益財団法人 米日カウンシル－ジャパン

Business Report 2020

● TOMODACHI Initiative Updates● Interim Financial Report
December 3, 2020 – Board of Directors meeting (quorum met)
● Approval of 2021 Business Plan
● Approval of 2021 Budget Plan
● Approval of Election of the 2019 External Auditor● Approval of 2021 Forecast of Loan and Capital Investment● Approval of the Date and Location of the General Meeting of Councilors’ Committee in
2021● The Year-End Executive Performance Report● TOMODACHI Initiative Updates● Approval of Revision of the Rules of Handling of Contributions● Interim Financial Reports as of Sept. 30, 2020

C.

ORGANIZATIONAL UPDATE
Staff headquartered in the Tokyo Office as of December 31, 2020
Junko Tsuda – Executive Director, U.S.-Japan Council (Japan)
Kaoru Utada – Director, Programs and Partnerships
Aya Hashimoto – Program Manager, TOMODACHI Initiative
Hiromi Kato – Administrative & Office Manager, TOMODACHI Initiative
Yukari Shishido – Alumni Coordinator, TOMODACHI Initiative
Kana Takagi – Program Assistant, TOMODACHI Initiative
Miki Takahashi – Administrative Coordinator, U.S.-Japan Council (Japan)
Nana Watanobe – Program Coodinator, TOMODACHI Initiative
The Foundation has benefited greatly from the support by Takeda Pharmaceutical Company
Limited, which has provided its direct support since the Foundation’s inception to the
TOMODACHI Initiative by contributing directly to organizational infrastructure (staff andoperational costs).

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Business Report 2020D.

ACCOUNTING

2020 Fiscal Year Budget and Results

Corporate and Individual Contribution - TOMODACHICorporate and Individual Contribution - General Education
Interest Income
Net Assets Released from Restrictions
Total Revenue

Revised Budget
Unaudited Actuals
(Yen)
(Yen)
90,837,560
73,804,370
102,277,890
133,842,937
48,42021,838,299
18,012,112
214,953,749
225,707,839

Expenses

Budget (Yen)

Revenue

Program Implementation Expenses (TOMODACHI & General)
Program Support Expenses (TOMODACHI & General)
Net Realized / Unrealized Loss on Translation of FX Transactions
Total Program and Program Support Expenses
Change in Net Assets

Unaudited Actual(Yen)
158,786,698
165,508,644
56,167,052
56,526,325
3,672,870
214,953,749
225,707,839
00In 2020, U.S.-Japan Council (Japan) raised funding from corporate contributions to support the
TOMODACHI Initiative. As illustrated above, total funds raised in 2020 was ¥74M. This was less than
anticipated in the revised budget due to an extended slow-down of TOMODACHI activities. When thebudget was revised (July 2020), it was anticipated that TOMODACHI activity might pick back up in
Q4.
In addition to TOMODACHI activities, the Council engages in general education and networking
activities to continue to build ties between Americans and Japanese in key areas of the relationship,with total funding in the amount of ¥134M in 2020. There was a significant effort put forth by Board
members and staff to raise unrestricted general funding during 2020.
Total TOMODACHI and General Education program implementation expenses incurred in 2020 were
¥165M compared to a budget of ¥159M. Some of this difference was due to timing of program
spending. Contributions are recorded when received and not when implemented. Program
implementation expenses paid to implementers are recorded when paid and not when incurred. Severalof the TOMODACHI programs are multi-year programs.
Program support expenses were ¥56M compared to a budget of ¥56M. Included in the total programsupport expense are contract services through a Service Agreement with U.S.-Japan Council (U.S.), a
U.S. non-profit organization that also supports the TOMODACHI programs and General program
activities.
Below is the Balance Sheet of the Council as of December 31, 2020.

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Blance Sheet, as of December 31, 2020
Unaudited 2020
Actual (Yen)34,476,413
3,000,000
679,514
651,859
0219,911,777
258,719,563

2019 Actual(Yen)
77,306,772
3,000,000
1,073,191
511,610
832,000
245,270,071
327,993,644

2,592,706
351,635
3,344,258
6,288,599

3,675,691
269,000
53,605,877
57,550,568

Net Assets

252,430,964

270,443,076

Total Liabilities and Net Assets

258,719,563

327,993,644

AssetsGeneral Education Fund Assets
Other Assets - Equity Funds
Fixed Assets, Net of Amortization
Prepaid Expenses
Other Assets
TOMODACHI Specific Assets
Total Assets
Liabilities
Accounts Payable
Withholding Tax
Due to USJC (US)
Total Current Liabilities

Total assets are ¥258M, down from ¥328M in 2019. General fund assets were reduced primarily due tolabor costs not billable to TOMODACHI programs. TOMODACHI specific assets are lower than 2019because 2020 programs were funded in part by monies received in prior years. Other assets reflect a
deposit for office space which was refunded in 2020. Liabilities are significantly less at year end in2020 than in 2019 due, to a grant provided by USJC (US) for TOMODACHI.

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E. DONORS
2020 TOMODACHI Donors:
Amway Japan Foundation
Dow Chemical Japan Limited
ExxonMobil Japan Godo Kaisha
FamilyMart Co., Ltd. *Fast Retailing Co., Ltd. *Goldman Sachs Japan Co., Ltd. *Honda Motor Co., Ltd.
Hotel Okura Tokyo Co., Ltd.
Johnson & Johnson K.K. *Kikkoman Corporation
Lawson, Inc. *MetLife Insurance K.K.
Mitsui & Co., Ltd.
Mitsubishi UFJ Lease & Finance Co., Ltd.
Mitsubishi UFJ Securities Holdings Co., Ltd.
Mitsubishi UFJ Nicos Co., Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Morgan Stanley Japan Group Co., Ltd.
MUFG Bank, Ltd.
MUFG Union Bank, N.A.
Northrop Grumman Corporation
Prudential Foundation
SoftBank Group Corp.
Sumitomo Corporation
Suntory Holdings Limited *Takeda Pharmaceutical Co., Ltd.*
Toyota Motor Corporation
The U.S. Embassy in Tokyo*Donations were received in previous years, but funding is still being used to finance ongoing
TOMODACHI Programming and operations.
2020 USJC Sponsors (corporate sponsors, and individual sponsors over 1,000,000 yen of donation)
3M Japan Limited
Adobe KK
Advantage Partners
AIG Japan Holdings KK
Amway Japan G.K.
anonymous
Delsole Corporation

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Business Report 2020

e-solutions, inc.
fabbitFujitsu Limited
GCA Corporation
Google JapanHEALIOS K.K.
Higa, Ernest M.
Hitachi High-Tech Corporation
Hitachi Transport System, Ltd.
IBM Japan Ltd
Industrial Growth Platform, Inc. (IGPI)Intercontinental Trading Corp.
Japan Airlines Co., Ltd.
Japan Airport Terminal Co., Ltd.
Japan Industrial Partners, Inc.
Johnson & Johnson Family of Companies in Japan
Kawahara, Russell & Yuko
Kikkoman Corporation
KPMG Japan
Lawson, Inc.
Major League Baseball Japan
Marubeni Corporation
Mitsubishi Heavy Industries, Ltd.
Morgan Stanley
NEC Corporation
Nippon Paint Holdings Co., Ltd.
ORIX Corporation
PAG Investment Management Limited
Palo Alto Networks K.K.
PwC Japan GroupREVOLUTION CO.,LTD.
Rogers, Jenifer
ROKI GROUP CO., LTD.
Sony Corporation
SOURCENEXT CORPORATION
Suntory Holdings Limited
Tanaka, Masaaki
Tani, Miyuki
Tokio Marine Holdings
Toyo Suisan Kaisha, Ltd.
Toyota Research Institute - Advanced Development, Inc.
Toyota Tsusho Corporation
YOMIURI SHIMBUN, THE
2020

Pro-Bono Donors

All Nippon Airways Co., Ltd.

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Business Report 2020

Evolution Japan Co., Ltd.
Hayasaka Tax Accountants’ Office
Imperial Hotel, Ltd.
Japan Airport Terminal, Co.
Japan Association of Charitable Organizations
KPMG Azsa LLC
Orrick, Herrington & Sutcliffe LLP
Tricor K.K.
Note: The corporations, entities and individuals listed above made financial and in-kind contributions
to the U.S.-Japan Council (Japan) from January 1, 2020 to December 31, 2020. Prior year contribution
information is available in the 2019 U.S.-Japan Council (Japan) Koeki Zaidan Hojin Business Reportupon request.

F.

CONTACT INFORMATION

U.S.-Japan Council (Japan)
New Otani Garden Court 12F
4-1 Kioi-cho, Chiyoda-ku, Tokyo 102-0094
Tel: 03-4510-3400
URL www.tomodachi.org