diff --git a/src/views/annual-report/annual-report.jsx b/src/views/annual-report/annual-report.jsx
index d4cf5c3b7..ee767fd45 100644
--- a/src/views/annual-report/annual-report.jsx
+++ b/src/views/annual-report/annual-report.jsx
@@ -1870,7 +1870,7 @@ class AnnualReport extends React.Component {
                                         <img src="/images/annual-report/financials/yellow-circle.svg" />
                                         <div className="key-and-money">
                                             <p className="key">
-                                                <FormattedMessage id="annualReport.financialsEvents" />
+                                                <FormattedMessage id="annualReport.financialsRestrictedGrants" />
                                             </p>
                                             <p>
                                                 $700,000
diff --git a/src/views/annual-report/l10n.json b/src/views/annual-report/l10n.json
index d3cd3c49b..197138e50 100644
--- a/src/views/annual-report/l10n.json
+++ b/src/views/annual-report/l10n.json
@@ -199,14 +199,14 @@
 
     "annualReport.financialsTitle": "Financials - 2019",
     "annualReport.financialsRevenue": "Revenues",
-    "annualReport.financialsGrants": "Grants, Individual, & Corporate Donations (Gala Included)",
-    "annualReport.financialsEvents": "Events",
-    "annualReport.financialsOther": "Other",
+    "annualReport.financialsGrants": "Grants, individual, & corporate donations (Gala Included)",
+    "annualReport.financialsRestrictedGrants": "Restricted grants and donations",
+    "annualReport.financialsOther": "Other income",
     "annualReport.financialsTotal": "Total",
     "annualReport.financialsExpenses": "Expenses",
-    "annualReport.financialsProgram": "Program",
-    "annualReport.financialsGeneral": "General & Administrative",
-    "annualReport.financialsFundraising": "Fundraising (Gala & Others)",
+    "annualReport.financialsProgram": "Initiatives",
+    "annualReport.financialsGeneral": "General and administrative",
+    "annualReport.financialsFundraising": "Fundraising (NYC Benefit and others)",
     "annualReport.financialsButton": "2019 Audited Financials",
 
     "annualReport.supportersTitle": "Thank You to Our Supporters",