Aga Khan Foundation Canada

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

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

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.

Financial Review:

In F2015, AKFC’s administrative costs were 3% of total revenues and fundraising costs were 2% of Canadian donations.  International donations of $19.7m in F2015, $46.9m in F2014, and $32.4m in F2013 are included in other income. Funding reserves of $82.1m cover almost 9 months of program costs. AKFC also holds significant property held for charitable purposes, valued at $380.4m in F2015.


Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 2.7%1.9%2.3%
Fundraising costs as % of donations 2.3%1.3%1.6%
Program cost coverage (%) 72.7%101.8%108.5%

Summary Financial Statements

All figures in $000s
Donations 56,09087,18669,330
Government funding 47,37351,52442,851
Investment income 9601,3501,476
Other income 24,70948,61234,999
Total revenues 129,132188,673148,656
Program costs 67,98867,03253,148
Grants 44,96813,77043,053
Administrative costs 3,4643,5563,378
Fundraising costs 1,2871,1441,099
Cash flow from operations 11,425103,17147,978
Funding reserves 82,14182,241104,410

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