Aga Khan Foundation Canada

199 Sussex Drive
Ottawa, ON K1N 1K6
CEO: Khalil Z. Shariff
Board Chair: Riaz Ahmed

Website: www.akfc.ca
Charitable Reg. #: 10007 2586 RR0001
Sector: International Aid
Operating Charity

Donor Accountability

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #63

Avg. Compensation $95,535

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 1
$250k - $300k 0
$200k - $250k 1
$160k - $200k 2
$120k - $160k 2
$80k - $120k 3
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Aga Khan Foundation Canada:

Founded in 1980, Aga Khan Foundation Canada (AKFC) is an international development agency that is part of the global Aga Khan Development Network. Working in 13 countries, AKFC focuses on social, economic and cultural development to improve living conditions and opportunities for the poor. AKFC reports that it operates in Afghanistan, Kazakhstan, Pakistan, Bangladesh, Kenya, Tajikistan, Egypt, Kyrgyz Republic, Tanzania, India, Mali, Uganda and Mozambique. AKFC’s work centers on health, education, rural development, and strengthening of civil society.

Aga Khan Foundation Canada’s international development work is financed by public support, a longstanding partnership with the Government of Canada, collaborations with other development agencies, and direct support from the Aga Khan Foundation in Geneva, Switzerland.

Global Affairs Canada (GAC) works in partnership with Aga Khan Foundation Canada. Its largest ongoing GAC-funded project is the Partnership for Advancing Human Development in Africa and Asia, which received $74.75 million in funding from F2012 to F2017. This project works primarily in Tanzania, Kenya, Afghanistan and Pakistan (67% of spending). AKFC will also be receiving $55 million from F2016 to F2020 for GAC’s Health Action Plan for Afghanistan project. Further, AKFC received $40.1 million from F2012 to F2015 for GAC’s Improving Maternal, Newborn and Child Health in Afghanistan.

AKFC’s Improving Maternal, Newborn and Child Health project works in Bamyan and Badakhshan, Afghanistan. In F2015, GAC reports that it finished the construction of the first phase of the Bamyan Provincial Hospital, a 120-bed hospital, which is more than 80% completed. GAC also reports that 19,854 individuals suffering from malnutrition received treatment, and that 193,801 men, women and children received training on water, hygiene, sanitation and nutrition.

Beginning in 2014, AKFC’s education program has been working on a five-year project to strengthen pre-primary and primary education systems in Kenya, Tanzania and Uganda. This project has so far built 850 community libraries, 100 early childhood development centres, educated 2,800 parents on the importance of reading with their children, trained 4,000 parents and community members on how to improve education quality in their schools, and 2,318 education leaders were trained to support and mentor teachers. These results have so far benefited over 340,000 children, teachers, school administrators, parents, and community members.

AKFC’s education program has also been supporting education for girls and women in Afghanistan since 2008 using what the charity calls a “collaborative whole school improvement approach”. This program has so far enabled over 175,000 Afghan girls to be able to attend school.

Financial Review:

Aga Khan Foundation Canada is a Major 100 charity with F2016 donations of $63m. Its administrative costs were 4% of revenues. The charity does not break out its fundraising costs on its audited financial statements, and AKFC’s F2016 CRA T3010 filing was unavailable at the time of this profile. As a result, the F2016 administrative costs on this profile are inclusive of fundraising costs. For every dollar donated, 96 cents go towards AKFC’s programs, falling outside Ci’s reasonable range. AKFC has $74.7m in funding reserves, resulting in a program cost coverage ratio of 76%. This means that the charity can cover just over 9 months of its annual program costs using its existing reserves.

This charity report is an update that is being reviewed by Aga Khan Foundation Canada. Changes and edits may be forthcoming.

Updated on July 14, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 4.2%3.2%2.5%
Fundraising costs as % of donations 0.0%2.3%1.3%
Program cost coverage (%) 75.7%72.7%101.8%

Summary Financial Statements

All figures in $000s
201620152014
Donations 62,96656,09087,186
Government funding 53,23047,37351,524
Investment income 8579601,350
Other income 1,7614,9751,673
Total revenues 118,814109,398141,734
Program costs 98,71667,98867,032
Grants 044,96813,770
Administrative costs 4,8943,4643,556
Fundraising costs 01,2871,144
Cash flow from operations 15,204(8,310)56,232
Funding reserves 74,73382,14182,241

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