Aga Khan Foundation Canada

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

Charitable Reg. #:10007 2586 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

B-

RESULTS REPORTING

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

Average

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

95%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.



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OVERVIEW

About Aga Khan Foundation Canada:

Founded in 1980, Aga Khan Foundation Canada (AKFC) is part of the Aga Khan Development Network, a group of international development charities operating globally. Aga Khan Foundation Canada was founded by His Highness the Aga Khan, the 49th Hereditary Iman of the Shia Ismaili Muslims. AKFC strives to break the cycle of poverty in 15 countries in Africa and Asia by improving living conditions and opportunities for the poor. It has a vision of equality in which everyone can reach their full potential.

Aga Khan Foundation Canada reports reaching over four million people with its projects annually, which includes work in the areas of Agriculture and Food Security; Civic Engagement; Climate Resilience; Early Childhood Development; Education; Engaging Canadians; Gender Equality; Health and Nutrition; and Work and Enterprise. In F2020, 84% of the charity's total program spending was granted to qualified donees, with 94% of these grants going to the Aga Khan Foundation in Geneva, Switzerland which is a private entity.

Early Childhood Development: AKFC strives to support educators, parents, and governments in providing early learning opportunities to children in developing countries. For example, the charity has been working in Kenya as part of its Madrasa Early Childhood Programme (MECP) to improve education for children aged 4-6. Through MECP, AKFC provides parents and community members with strategies to support young children at home and trains local teachers. In F2020, AKFC reported that 10,460 children had received the full benefits of this program, and 712 teachers had been trained. 

Gender Equality: Aga Khan Foundation Canada invests in institutions, projects, and relationships that facilitate an environment supportive of gender equality. One of its largest projects targeting gender equality is AQCESS, a program working to strengthen health systems in Kenya, Mali, Mozambique, and Pakistan. Co-funded by Global Affairs Canada, this program aims to reach 1.7 million people by 2021. As of March 2021, 1,731 health workers have been trained on gender-responsive health care and 67 health facilities have been renovated to meet national standards.

Ci was unable to find output and beneficiary data for the charity’s qualified donees.

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Results and Impact

From 2015-2021, Aga Khan Foundation Canada's program, Health Action Plan for Afghanistan (HAPA), worked towards improving the health of Afghans in three provinces, specifically of women of reproductive age and children under five. The charity reported that by the end of HAPA, more than 31,000 children under two had received life-saving vaccines, 815 water supply points had been constructed, which are providing access to clean water for over 19,200 people, and over 320 people had graduated from nursing and midwifery degree and diploma programs.

Since 2016, AKFC’s AQCESS program has seen health facilities that are considered gender responsive increase on average across AQCESS' four target regions from 2% to 44%, health facilities with adequate infection control protocols from 9% to 64%, and facilities that conform with national safe delivery and newborn care standards from 22% to 34%.

While Ci highlights these key results, they may not be a complete representation of Aga Khan Foundation Canada’s results and impact.

Charity Intelligence has given Aga Khan Foundation an Average impact rating based on demonstrated impact per dollar spent.

Impact Rating: Average

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Finances

Aga Khan Foundation Canada is a Major 100 charity, meaning it is one of Canada’s largest in terms of donations. Its policy is not to be financially transparent. Rather than posting its audited financial statements on its website, Aga Khan Foundation Canada requires donors to contact it directly to receive this public information. Aga Khan has been reviewing this policy since 2011. Charity Intelligence has received its audited financial statements for this analysis; however, Aga Khan Foundation has asked that we not share these documents by publicly posting them. Of Canada's largest charities, the Major 100, Aga Khan Foundation Canada is one of seven that are not financially transparent.

The charity received $50.7m in donations in F2020. Aga Khan Foundation Canada also received $22.7m in government funding and $9.1m in other revenue (donations from other agencies and AKF). Administrative costs are 3% of revenues and fundraising costs are 3% of donations. For every dollar donated, 95 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $115.7m can cover 10 months of annual program costs at the F2020 level. The charity also has 24 properties held for charitable purposes, with an amortized value of $336.3m.

AKFC reports that AKF in Geneva provides support for AKFC's administration and fundraising costs, providing a donation of $3.7m in 2020. However, AKFC granted $99.8m to AKF, for a net transfer of $96.1m from Aga Khan Foundation Canada to Aga Khan Foundation in Geneva. The remaining $6.4m in grants from AKFC went to the Aga Khan Museum.

Learn more about the private Aga Khan Foundation in Switzerland

This charity report is an update that has been sent to Aga Khan Foundation Canada for review. Changes and edits may be forthcoming.

Updated on August 13, 2021 by Rachel Leteta.

Financial Review


Financial Ratios

Fiscal year ending December
202020192018
Administrative costs as % of revenues 2.5%2.8%1.7%
Fundraising costs as % of donations 2.9%4.1%1.9%
Total overhead spending 5.4%6.9%3.6%
Program cost coverage (%) 84.2%189.9%127.2%

Summary Financial Statements

All figures in $000s
202020192018
Donations 50,69152,993111,809
Government funding 22,73628,71431,355
Investment income 1,7443,0902,388
Other income 9,0508,20618,466
Total revenues 84,22193,003164,018
Program costs - International 30,41638,824122,884
Program costs - Canada 7711,4802,002
Grants 106,27747,7550
Administrative costs 2,0942,5422,806
Fundraising costs 1,4742,1442,072
Total spending 141,03192,744129,764
Cash flow from operations (56,810)25834,253
Capital spending 1,5591,397(532)
Funding reserves 115,724167,228158,901

Note: All non-government and non-Canadian donation revenues are included in other income. Ci used the charity's T3010 filing with the CRA to break apart administrative and fundraising costs.

Salary Information

Full-time staff: 59

Avg. compensation: $99,969

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
1
$200k - $250k
4
$160k - $200k
0
$120k - $160k
3
$80k - $120k
1
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.akfc.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

Charity email: akfc.info@akdn.org

Tel: 613-237-2532

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