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USA Branch of Aga Khan Foundation--2012 Annual Report
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AGA KHAN FOUNDATION U.S.A.An agency of the Aga Khan Development Network
AGA KHAN FOUNDATION U.S.A.An agency of the Aga Khan Development Network
An agency of the Aga Khan Development Network
ANNUAL REPORT2012
www.akdn .org 1
Contents
1 Welcome
2 Mission and Who We Are
4 A Day in the Life of our Communities
6 Lights on for Families and small Business in tAjikistAn
8 Growing Food security in MoZAMBiQUe
10 Fostering social entrepreneurship in kyrGyZstAn
12 Participating in Governance through Local Action in AFGhAnistAn
14 helping Families handle emergencies in PAkistAn
16 small enterprises Bloom near the Gem of CAiro
18 Activities in the UniteD stAtes
22 2012 Financial statements
24 institutional Partners
25 Board of Directors, national Committee and staff
Dear friends of Aga khan Foundation U.s.A.,
This report shares a day in the life of the communities we serve to show what
your support has meant for them. Many live in the worlds most remote areas,
where poverty is hardest to address.
For over 30 years, Aga Khan Foundation U.S.A. (AKF USA) has pursued integrated
solutions to help families overcome the incredible challenges they face every day.
Povertys challenges are like a knotted rope, and require an integrated approach
to untangle. You can tackle childhood malnutrition, for example, only if you also
improve education and livelihoods.
In 2012 we entered innovative new partnerships that multiply each contribution.
New ways to finance development included Global Development Alliances (GDAs)
with U.S. government agencies, coalitions of foundations, impact investing relationships
with private-sector investors, and community philanthropy for catalyzing community-
level assets. One highlight in impact investing is an exciting collaboration to revitalize
Nairobi City Park (see page 17). We spotlight these new par tnerships in our
expanding communications through blogs, news articles and dialogues with our peers.
We keep learning. In 2012, AKF USA explored new ways to put local organizations
in the drivers seat with community philanthropy, and we honed our capacity to
measure the impact of our work. (See the report on Quality of Life Assessment
on www.akdn.org.)
Finally, we learn from you, our donors. You generously shared your stories and
your energy. In the past two years, AKF USAs grants portfolio has grown by 30
percent, and 2012 PartnershipsInAction activities raised $8.1 million to support
AKF programs around the world, 24 hours a day. Thank you.
Welcome
AZiZ VALLiAniChairman,National Committee
Dr. MirZA jAhAniChief Executive Officer
Front CoVer: Food security was a critical need in Tajikistan when the Aga Khan Foundations rural development program began there in 1993. Now the program involves more than 1,200 independent village organizations and covers a population of 730,000. The organizations, with women forming almost half their membership, have grown to address other local priorities including healthcare and education.
2 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 3
AKF uSA SuppoRtS woRK in 12 countRieS.
Aga Khan Foundation has branches and affiliates in 20
countries with its headquarters in Geneva, Switzerland.
The Foundation is an agency of the Aga Khan Development
Network (AKDN), the largest private international network of its kind,
founded by His Highness the Aga Khan. The Network brings together
an extensive history of experience in social, economic and cultural
development. Each Network agency has a mandate and expertise,
ranging from environment, health, education to architecture, culture,
access to finance, rural development, disaster reduction, the promotion
of private-sector enterprise and the revitalization of historic cities.
The Networks agencies work for the common good of all citizens,
regardless of their gender, origin or religion, with a focus on societys
most vulnerable members.
Within the Network, AKF USA mobilizes resources and strategic partnerships
with a variety of U.S.-based institutional partners including government agencies,
policy institutes, corporations, foundations, non-governmental organizations (NGOs),
universities, associations and professional networks.
AKF USA serves as a learning institution for program enhancement, policy dialogue
and disseminating best practices and knowledge resources. It collaborates in providing
technical, financial and capacity-building support to other AKDN agencies and
programs worldwide.
In facilitating and representing AKDN interests in the United States, AKF USA
organizes outreach campaigns, manages volunteer resources and conducts
development education among US constituencies.
Who We Are
oUr Mission
AGA khAn FoUnDAtion U.s.A. (AkF UsA) is a
private, non-denominational, not-for-profit international
organization committed to the struggle against poverty,
hunger, illiteracy and poor health, primarily in Africa and
Asia. established in 1981, AkF UsA works to address
the root causes of poverty by supporting and sharing
innovative solutions in the areas of health, education,
rural development, civil society and the environment.
AkDn countries of activity AkF countries of activity
KYRGYZ REPUBLIC
MALI
SYRIA
KENYA
INDIA
EGYPT
FRANCE
UGANDA
RUSSIA
SENEGAL
PAKISTAN
TANZANIA
PORTUGALTAJIKISTAN
MOZAMBIQUE
MADAGASCAR
KAZAKHSTAN
BANGLADESH
SWITZERLAND
AFGHANISTAN
BURKINAFASO
CTEDIVOIRE
UNITED KINGDOM
BOSNIA-HERZEGOVINA
DEMOCRATICREPUBLIC OFTHE CONGO
AKDN countries of activityAKF countries of activity
CANADA
UNITED STATES OF AMERICA
KYRGYZ REPUBLIC
MALI
SYRIA
KENYA
INDIA
EGYPT
FRANCE
UGANDA
RUSSIA
SENEGAL
PAKISTAN
TANZANIA
PORTUGAL
TAJIKISTAN
MOZAMBIQUE
MADAGASCAR
KAZAKHSTAN
BANGLADESH
SWITZERLAND
AFGHANISTAN
BURKINAFASO
CTEDIVOIRE
UNITED KINGDOM
DEMOCRATICREPUBLIC OFTHE CONGO
AKDN countries of activityAKF countries of activity
CANADA
UNITED STATES OF AMERICA
4 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 5
A Day in the Life of oUr CoMMUnities
throUGh the CyCLe oF A sinGLe DAy these stories trACe oUr iMPACt
through the lives of different people in six places where poverty is a fact of life.
There we come to learn how the many strands of the rope can be woven
together better.
At dawn in the Pamir Mountains, Tajik families now have energy to fuel their schools
and home ventures. Early morning in Mozambique, farmers attend training sessions
to ensure they grow ample food for their families. At midday, young self-star ters in
the Kyrgyz Republic pursue new social enterprises. In the afternoon, local Afghan
committees gather to hammer out priorities that are knitting their remote villages to
public services.
In the evening, savings groups meet, bringing a new hope for Pakistani women coping
with health emergencies.
As a long day of work draws to a close, small shops around Cairos popular Al-Azhar
Park are busy with businesses spurred by training and microloans.
ALL throUGh eACh DAy, your contributions help strengthen communities and
uphold their dignity.
Following A DAy in the LiFe oF oUr CoMMUnities is a way to show the
daily challenges where poverty is hardest to address, and how people
live there. We work with them every day to untangle the knot of
poverty. For example, by improving education and livelihoods, we also
address childhood malnutrition and maternal health. Likewise through
food security, we can foster enterprise and access to finance.
MorninG MiDDAy AFternoon eVeninG sUnset DAWn
6 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 7
MAyRAM K.S woRKloAd iS big but typical for a woman in the Pamir
Mountains: cooking, cleaning, washing clothes, getting kids to school.
Until a few years ago, completing her daily tasks was much harder
because she and her family had electricity for only two hours a day.
tajikistans civil war in the 1990s left the power grid broken, and
in the poorest and most remote mountain communities of Gorno-
Badakhshan, over half of all residents lacked power during the cruel
winter months. As families relied on wood fuel for heating and
cooking, respiratory disorders increased, and the region lost over
two-thirds of its tree cover from 1992 to 2002.
Mayram doesnt like to look back on that time. During winter, life was so punishing
that it forced her family to make painful choices. My husband had to cut our
treasured fruit trees for firewood. One of the biggest troubles was baking bread,
she says. We didnt sleep at night because we could not miss those two to three
hours of electricity in order to bake bread for the kids to eat the next day.
Since Pamir Energy brought electricity, things have gotten much better. Electricity
changed life in ways we could see with our own eyes, Mayram says. It even allowed
her to star t a small business selling food from home. From my childhood, I liked
cooking. I really wanted to cook food and sell it, but when we had no electricity,
that was impossible. In the last four years I have been doing the work that I really
love. It also means new horizons for her children. Not long ago we bought a
computer for our children, says Mayram. All day long, they use the computer
and learn many new things.
For myself and my neighbors, says Mayram, I am grateful to Pamir Energy for
bringing electricity and heating to our homes.
Lights on for Families and Small Business in tAjikistAn
Hydropower benefits Schools and environment
Across borders
Until recently in Gorno-Badakhshan, the only source for
heating schools and hospitals was low-quality coal, which filled
rooms with smoke and a foul smell and made students feel
achy. that changed when a public-private partnership between
the Aga khan Fund for economic Development and the
Government of tajikistan, with World Bank and swiss support,
restored Pamir energy. now hospitals and schools use clean
hydropower energy. since 2010, hydropower has slashed
coal use in the provinces schools by over 80 percent.
in 2012 with funding from the U.s. Agency for international
Development (UsAiD), AkF UsA started the Cross-Border
energy project to expand Pamir energys reach across the
border to Afghanistans remote shugnan District. this helped
to multiply electricity use there by nearly eightfold,
and helps establish infrastructure for regional growth
in central Asia.
Pamir energy electricity Consumption in Afghanistan
yearConsumption
kWh
2008 186,000
2009 368,718
2010 564,990
2011 1,035,990
2012 1,464,000
electricity changed life in ways we could see with our own eyes, Mayram says. i am grateful to pamir energy for bringing electricity and heating to our homes.
DAWn | tAjikistAn
ABoVe: Electrication makes it possible for children to study longer. riGht: Electric power in schools opened new possibilities at this teacher training center.
8 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 9
Growing Food Security in MoZAMBiQUe
Sulu AbAcAR gRew up in Mozambiques northern Cabo Delgado
province. At age 18 he went to study at the Agricultural institute of
Bilibiza, a regional hub of learning and enterprise.
sulu embodies the adaptable smallholder farmer that Bilibiza aims
to produce. At the institute he absorbed better farming techniques
and market strategies. in 2003, with a scholarship from the Aga khan
Foundation, he pursued further studies that gave him new confidence
and skills. sulu returned to Bilibiza as an instructor in 2007, where
he kept experimenting for improved food production.
On his own half hectare (1.25 acres) of land in 2009, Sulu harvested 1,650 pounds
of rice, which fed his family and yielded $268 in sales. He faced daunting challenges
to improve that harvest. In three years, however, he diversified into other crops,
including vegetables and his harvest income more than tripled to $991.
He takes that adaptability into the classroom as instructor. AKF USA has worked
with the Institute for over eight years, supporting improved facilities and faculty training,
with funding from the Ford Foundation. In 2012, with a $1.35 million grant from Cargill,
Inc., AKF USA bolstered its initiative to make Bilibiza a regional hub for agricultural
enterprise with more instructors like Sulu, equipment and a commercial farm that
demonstrates innovations and generates revenue for the Institute for years to come.
Worldwide, 2.5 million people have benefited directly from the Foundations
rural development programs, and nearly 12 million people in over 8,400 village
organizations have indirectly benefited.
Says AKF Mozambiques CEO Faiza Janmohamed, Our joint efforts address the
need for improving smallholder farmers skills, an important keystone in the regions
future and food security.
MorninG | MoZAMBiQUe
improvement in computer: student ratio at Agricultural institute of Bilibiza 20092012
# of students
# of computers
computer: student ratio
2009/2010 60 2 1:30
2010/2011 120 8 1:15
2011/2012 120 25 1:5
Sulu faced daunting challenges to improve his harvest. in three years, he diversified his crops and his harvest income more than tripled. He takes that adaptability into the classroom as instructor.
LeFt: Instructors at Bilibiza know the challenges of food security rsthand. ABoVe: Food security in Mozambique depends on smallholder farmers.
10 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 11
MedeR uSupbeKov iS one oF 150 people in the city of naryn,
in the kyrgyz republic, who use a wheelchair to get around. he faces
huge obstacles every day.
If we could put ramps in major public institutions, he realized, we could solve
some of the problems. So in July 2012, Meder created a plan for improving
accessibility in Naryn, and entered a competition for social entrepreneurship held
by the University of Central Asias School of Professional and Continuing Education
(SPCE). Funded by a grant from Coca-Cola and the Coca-Cola Foundation to Aga
Khan Foundation U.S.A., the contest received over 200 applications from across
Kyrgyzstan. To boost submissions the University organized training sessions in
social entrepreneurship in seven cities. Meder attended one of those sessions.
Finalists received intensive two-week training to refine their ideas into
business plans. They learned the fundamentals of social enterprise
recognizing a social problem and using entrepreneurial principles to
organize a venture for changealong with social marketing, business
communication, and information technology. In the end, Meder became
one of nine winners who received a small grant to turn their dreams
into reality.
Each winner received a seed grant of up to $3,000. Other winning
proposals included a plan to generate profits from waste separation
efforts in schools for purchasing school supplies for needy students.
Now Meders dream is coming true. He leads a team to build ramps
throughout Naryn. He recently presided at the ceremony opening the first ramp,
and hopes to see three more built in the coming year.
I would like to thank the donors and School of Professional and Continuing
Education instructors for their entrepreneurship training, he said. This win has
encouraged me to do more and taught me how to implement projects.
Fostering Social Entrepreneurship in kyrGyZstAn
MiDDAy | kyrGyZstAn
this win has encouraged me to do more and taught me how to implement projects, says Meder.
growing youth Skills Across borders
In May, Natalie Ross, Program Associate, visited a cross-border program
at the University of Central Asia. This is her story from the trip.
traveling across tajikistans Gorno-Badakhshan region, i could
see across the Pyanj river to the region of Afghan Badakhshan.
electricity poles lined the tajik side of the border, but not on
the Afghan side. in khorog, the University of Central Asia manages
the Cross-Border Vocational education (CVeB) program, funded
by the U.s. Agency for international Development. i was eager
to meet the students brought together from both sides of the
border. CVeB provides scholarships for Afghan youth to study
bookkeeping, information technology, or english; dozens more
students received vocational training in carpentry and masonry.
Fourteen of the first scholarship recipients were women, with
more in the second phase. i was struck by how the students
from just across the border had never been to tajikistan
before. Likewise a tajik student told me that he had always
seen Afghanistan across the river but never visited. they were
surprised to discover how much they shared. in the short term,
the program grows job skills, but in the long term these students
can together build a strong, vital region of Central Asia.
ABoVe: The training with University of Central Asia yielded certied social entrepreneurs. riGht: Meder used his training to bring wheelchair-accessible ramps to his city.
12 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 13
SARe HAwz, A villAge oF About 1,000 people, is three hours walk
from the district center in northern Afghanistan. Despite the distance,
the village is getting closer to needed services. shair Zai leads the
local Community Development Committee that connects sare hawz
to the national solidarity Programme (see sidebar), which Aga khan
Foundation helps to implement through a program funded by the U.s.
state Department.
According to Shair, only 1520 percent of the village can read and write. Most
residents grow crops or raise livestock. So the community prioritized two core
needs for basic infrastructure: power and a safe water supply.
Participating in Governance through Local Action in AFGhAnistAn
Aga Khan Foundation in the national Solidarity
programme, Moving Forward
the national solidarity Programme (nsP), under Afghanistans
Ministry of rural rehabilitation and Development, aims to
give decision-making about resources and priorities directly
to villages while it lays a foundation for local governance. each
community prioritizes its requests to nsP for project funding
through a community-wide planning process. Communities
elect local groups known as Community Development
Committees (CDCs) to design and execute the projects.
Aga khan Foundation has helped to train community leaders
in the CDCs and build their capacity through micro-grants and
infrastructure support in four provinces. Phase 2 of a program
called strengthening sub-national Governance in Afghanistan
combines over $600,000 in in-kind contribution from AkF
with over $4 million from the U.s. state Department. Phase 2
directly touches over 11,300 people and, more broadly,
will help 2.5 million through better links from villages to
provincial-level government.
Four years after they first organized a committee under the National Solidarity
Programme, they had designed and built a water supply system. Before implementing
the water supply project, we used river water, which caused a lot of sickness, including
diarrhea, stomach ache, and cholera, Shair recalls.
In addition to safe water, Shairs committee used support from another NGO to
establish a mini-hydro electricity plant. A canal carries water two miles up to the
electric station, which produces 50 kilowatt hours and irrigates almost 150 acres
of cropland. Sale of the crops has brought a 15 percent rise in local living standards.
The electricity also brings families light for work and study.
With AKF support, Shairs committee also established a 2.5-acre forest grove with
over 1,270 fruit and other trees, which the villagers protect and maintain. Now they
feel they have the power to set their priorities and organize support from public
and private sources to make those initiatives happen.
before we used river water, which caused a lot of sickness, Shair recalls. His committee designed and built systems for safe water and hydropower.
AFternoon | AFGhAnistAn
BeLoW: Before, the village of Sare Hawz lacked safe drinking water. Local leadership made a plan and got it implemented. riGht: The new water channel provides safe drinking water, irrigation for crops and hydropower electricity.
14 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 15
in ReMote noRtHeRn cHitRAl diStRict oF pAKiStAn, women
and children are especially vulnerable to health challenges and lack of
options. Fewer than 1 in 7 births in Chitral are attended by a doctor or
nurse. Many who suffer complications die on the way to get clinical help.
For four years AKF USA has trained and supported community midwives, creating an
enabling environment so they can practice their new skills for the long run. The Chitral
Child Survival Program, begun in 2008 with funding from the U.S. Agency for Inter-
national Development (USAID), has trained midwives and established them in dozens
of remote communities to reduce the Chitral regions high levels of mother and child
mortality. The midwives are already having an impact: a 2012 survey showed increased
use of health services, including a dramatic rise in continuum of care (see graph).
Along with supplying much needed health services, the project has fostered nearly
420 community-based savings groups that help poor families save and pay for health
emergencies or other unexpected expenses.
When first invited to join the savings group, 37-year-old Bibi Noshad admitted,
I didnt think too seriously about the savings group. But when I saw the benefits
other women in the village were getting from it, I joined it as well.
Bibis family relied on her husbands income as a security guard. Bibi supplemented
that with tailoring and embroidery jobs, which could increase with an embroidery
machine. The problem: it would cost over $100.
So her first request to the savings group was for a loan to cover 60 percent of the
cost. Now her embroidery work goes much faster.
The savings group helped her at a crucial time. She attends every meeting and pays
her share with cash from sewing jobs. Eventually she wants to open her own store.
Bibis community savings group helps her handle emergencies that may come up.
And that gives her peace of mind.
Helping Families Handle Emergencies in PAkistAn
eVeninG | PAkistAn
when your baby cant wait
Aisha lives in Chitral and joined a Village savings and Loan
Association in 2010. it was the third such savings group in her
community, providing women with a local option to save money
and access loans. her daughter-in-law nahida faced a dangerous
birtha retained placenta caused serious bleeding with the
threat of infection. nahida needed to get to a clinic quickly,
but the nearest was over two hours away and she couldnt
afford the trip. so Aisha rushed to her community-based savings
group and got an emergency loan for 3,000 rs. (about $30) to
hire transport. thanks to the fast cash from the savings group,
nahida and her child lived. since then, nahida has joined a
savings group herself.
the Chitral Child survival Program has set up over 340
Community-based savings Groups with 8,000 women
members.
i didnt think too seriously about the savings group. but when i saw the benefits other women in the village were getting from it, i joined it as well, says bibi.
Comparison of 2009 Baseline and2012 Study on the Use of Health Servicesfrom Skilled Providers by Percentage
The graph shows a significant rise indemand for continuum of care services.
0
20
40
60
80
1002009 Baseline
2012 Study
Continuumof Care
PostnatalCare
DeliveryServices
PrenatalCare
65.0
83.0
33.0
52.5
16.9
31.2
1.0
23.0
ABoVe: Bibi Noshad used a loan to boost her embroidery income. riGht: With AKF support, Bibi and others used the savings group to create a rainy day fund where none existed before.
16 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 17
cARoline lAi, pRogRAM ASSiStAnt with Aga Khan Foundation
U.S.A., visited Egypt in November 2012. During my first trip to
egypt to see a friend in 2006, we visited Cairos Al-Azhar Park. on
the way there, my friend called it the most beautiful spot. At that
time, i had not heard of the Aga khan Development network.
Al-Azhar Park is a hallmark of the Aga Khan Development Networks long-term
approach. The park provides Cairos residents with recreational and healthy
greenspace. The Project for Public Spaces ranked it among the worlds 60 top
public spaces. The park also provides livelihoods for low-income neighborhoods
nearby. Paying visitors contributions have helped to improve housing, water and
sanitation, and health and education. in the parks first four years, household
purchasing power in these neighborhoods increased 20 percent.
Seven years after my first visit, I was back at the beautiful park, working with the
Aga Khan Foundation U.S.A. and its the Head Start! for Youth Entrepreneurship and
Employment program. Funded by the U.S. Agency for International Development,
Head Start! works in neighborhoods near the park. To address high youth unemploy-
ment and underemployment, Head Start! provides training, improved infrastructure,
and microfinance loans to young entrepreneurs.
One loan client, Reham Ahmed Mohamed, proved especially memorable. A 29-
year-old woman, Reham always dreamed of star ting her own business. But societal
norms prevent young, unmarried women from managing businesses and accessing
credit. Through Head Start! Reham received a loan of $2,500 to open a poultry
shop in her familys apartment building. With her loan, Reham installed lighting
and purchased processing machinery, a refrigerator, and chickens. Reham also hired
two employees. After a few months, her business was selling 80 chickens per day.
Visiting the shop that afternoon we got a hearty welcome, an invitation to take a
seat, and a chat with her father. The pride on his face as he watched his daughter
was overwhelming.
Small Enterprises Bloom near the Gem of CAiro
sUnset | eGyPt
greenspace as catalyst for local enterprise
in revitalizing urban parks across Africa and Asia, the
Aga khan trust for Culture (AktC) has established a
strong track record with Cairos Al-Azhar Park, kabuls
Babur Gardens, and Bamakos national Park of Mali. Latest
plans include revitalizing the nairobi City Park, which his
highness the Aga khan launched in november 2012.
the plan will revitalize 150 acres of forest cover in the citys
heart that had fallen into disrepair. AktC aims to preserve
the sites unique ecological integrity (including much of the
areas last indigenous forest) while developing a botanical
garden, open-air theatre, and eating and sports facilities.
AktC has committed to fund one-third of the costs; another
third would be supported by revenues from park activities.
AkF UsA is working with AktC to arrange for investors to
help make the revitalized park a reality.
his highness the Aga khan noted, one of the characteristics
of this activity is that you discover more opportunity as you
move forward from year to year. Visit www.akdn.org/videos
to see a short film about the nairobi park. Reham always dreamed of
starting her own business. with her loan, she purchased supplies and hired two employees. After a few months, her business was selling 80 chickens per day.
ABoVe: Reham received a small loan that enabled her to start her poultry shop.
ABoVe: This auto parts shop in the neighborhood of Al-Azhar Park started with a loan from the Head Start! program. BeLoW : In the historic district of Cairo, Al-Azhar Park is proving to be a catalyst for urban renewal in one of the most congested cities in the world.
18 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 19
in 2012 pARtneRSHipSINActIoN, an initiative of AKF USA that supports
the Foundations work overseas and fosters a U.S. network of volunteers to raise
awareness and funds, celebrated 18 years of activities. Partnership Walks and golf
tournaments in over a dozen cities engaged Americans nationwide in AKFs work
to improve the lives of people in Asia and Africa.
With 31,000 participants, PartnershipsInAction events in 2012 raised $8.1 million
for the Foundations programs in Africa and Asia. 100% of all donations go
directly to AKF programs fighting hunger, poor health and poverty
in Africa and Asia, with not a penny going to administrative costs.
The Foundation draws on its deep expertise to advance public dialogues on key
topics and inform new initiatives and U.S. policy related to development.
new initiatives: impact investingThrough its Impact Investing Initiative, AKF USA is pioneering this sector that
engages private investment to support initiatives for the public good in developing
countries, with a financial return. AKF USA participated in forums including the
Aspen Network of Development Entrepreneurs and the annual conference of
Social Capital Markets (SOCAP). AKF USA was a proud partner for the SOCAP12
Conference, the largest and best respected platform for socially minded investors
and entrepreneurs. AKF USA arranged a panel at which executives from Calvert
Foundation, The Heron Foundation, and Morgan Stanley discussed how to achieve
risk-return balance for impact investors.
In smaller settings, AKF USA engaged with U.S. foundations and agencies on specific
investment opportunities, yielding two developments: First, interest in AKDNs plan
to revitalize Kenyas Nairobi City Park (see page 17 ). Second, in December AKF
USA signed its first Mission Related Investment in its Impact Investing Initiative, with
a $2.6 million investment in the First MicroFinance Bank of Afghanistan. The impact
investing arrangement immediately leveraged funding from two development finance
institutions, the German Development Bank and the International Finance Corporation
(IFC), totaling approximately $3.3 million. AKF USA is poised to help lead and
promote the new sector of Impact Investing in crucial areas of Asia and Africa.
informing public dialogue on developmentThe Foundation engages in many discussions that inuence international development.
In 2012 these included talks on new directions at the World Banks spring meeting;
panels on Community Philanthropy at the Global Philanthropy Forum and at
the InterAction Forum 2012; and discussions about the direction of community
philanthropy, held at Pocantico, a Rockefeller retreat in upstate New York.
Activities in the UniteD stAtes
Many rural people walk far to grow their food, take care of their families, and bring about change. it seems fitting that we are walking today in support of them.
sarah hobson, Executive Director new Field Foundation
toP: Dignitaries cut the ribbon at San Antonios rst PartnershipsinAction Walkjoining in the national event held in 10 cities to raise awareness and funds to end global poverty. ABoVe: In Dallas, youth ambassadors helped promote reading at a nearby elementary school, inspired by the Foundations education programs. This volunteer is painting a mural to improve the school library.
ABoVe: Young walkers at the Memphis Colorful Fun Run raise funds and awareness of poverty issues while having fun.
20 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 21
With the Charles Stewart Mott Foundation, AKF USA published a report of regional
roundtables on lessons from Community Philanthropy, and through public dialogue
formed an outline for advancing the field worldwide, and the formation of an
international alliance. Alongside that initiative, AKF USA supported assessments
of civil society including an updated Civil Society Organization Sustainability Index
(CSOSI). That index, begun in the 1990s to assess civil society in eastern Europe,
has been adapted to other regions. In 2012 AKF USA partnered with the U.S.
Agency for International Development (USAID) for CSOSI assessments in 23
African countries, and finalized first applications of the index for Afghanistan
and Pakistan.
Through the year, Aga Khan Development Network (AKDN) experts led development
conversations with U.S. audiences in Washington, DC. Apoorva Oza, CEO of the
Aga Khan Rural Support Programme (AKRSP) in India, presented AKRSP experience
at American University. Abdul Malik, General Manager of AKRSP in Pakistan, spoke
at the Woodrow Wilson International Center for Scholars. In November, Dr. Joanna
Ledgerwood, AKF Senior Adviser on Access to Finance, spoke to the SEEP Conference
about microfinance and AKDNs work with community-based savings groups.
The progress of AKF USA received recognition in publications and forums ranging
from the Hufngton Post to the International Food Policy Research Institute and
the U.S. Depar tment of Agriculture. In the #GivingTuesday national campaign,
the Hufngton Post featured a blog about the Foundation and its volunteers
commitment to improving the world, locally and globally.
you know how investments in education and healthcare pay off many times over in your families. Aga Khan Foundations partnership with you makes those investments across the world.
Dr. Dianne Morrison-Beedy, Vice President University of south Florida health
internship programFor over 20 years the AKF USA Professional Development Internship Program has
been growing the capacity of young professionals in international development. The
highly selective program takes applicants with degrees in Agricultural Development,
Development Economics, Education, Finance, International Development, International
Management, Marketing/Communications and Public Health. In 2012 we hosted
six U.S. interns to work at the Washington, DC office, as well as four interns from
Tajikistan. The interns made important contributions to the Foundations work and
acquired experience with a range of development issues. Over the years, some
two dozen interns have gone on to professional careers within the Aga Khan
Development Network.
In 2013 we will launch an enhanced program that combines the AKF USA placement
with a field placement at Aga Khan Foundation offices in Central Asia. The AKF
USA Fellowship Program will offer fellows a unique opportunity to gain experience
working on development issues in a donor country context and build upon their
knowledge through hands-on experience in a developing country.
Through its monthly e-newsletter Empowered, the PartnershipsInAction website and
social media sites, AKF USA shares updates, stories and news about the Network.
the Aga Khan development network is an example for all of us.
Dr. johannes Linn, senior Fellow, the Brookings institution
ABoVe: The Aspen Institute hosted a forum on Community Philanthropy, organized by Aga Khan Foundation U.S.A. and Mott Foundation, to explore community-centered development. toP riGht: Internships give young professionals hands-on experience in international development and expose them to real-world issues.
22 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t www.akdn .org 23
Statement of Financial Position
The Aga Khan Foundation U.S.A.s overall FY2012 financial performance was stable. Support and revenue, as
well as overall spending, increased modestly. This allowed us to increase our investments in our programs in
Africa, Central and South Asia. Operating expenses are funded by a grant from His Highness the Aga Khan.
Therefore, no donations from individuals, foundations and corporations are used for operating expenses.
The financial results depicted on pages 22 and 23 are derived from the AKF USA audited consolidated
financial statements, dated April 30, 2013, performed by BDO USA, LLP. AKF USAs complete, audited
statement is available at our website in the About AKF USA section: http://www.partnershipsinaction.
org/content/aga-khan-foundation-usa
noorDin MoLoo
Chief Financial Officer
As of December 31, 2012 and December 31, 2011
Dollars in Thousands
2012 2011Assets Cash and cash equivalents $48,276 $50,998 investments 13,545 10,633 Accounts receivable and other current assets 116 79 Donor agency receivables 1,142 337 receivables from affiliates 1,564 1,441 Contributions receivable, net 14,508 22,241
Fixed assets: Property held for charitable purposes 89,224 87,446 other fixed assets 323 324 Less accumulated depreciation (14,754) (13,449) Fixed assets, net 74,793 74,321
total assets $153,943 $160,051
liabilities and net assetsLiabilities: Accounts payable and accrued liabilities $ 424 $ 1,119 Payable to affiliates 1,138 1,890 Deferred rent 109 160 Deferred revenues 191 2,368
total liabilities 1,863 5,537
net Assets 152,080 154,514 total liabilities and net assets $153,943 $160,051
For the year ended December 31, 2012 and 2011
Dollars in Thousands
2012 2011Revenues:Contributions $27,034 $17,720Federal grants 10,784 12,722other grants 1,267 1,390
investment income (622) (516)
total Revenues 38,463 31,316
expenses:Program grants 34,154 31,836General and administrative expenses: salaries 2,635 2,563 Legal, accounting and consulting 137 179 travel 162 138 Doubtful pledges provision 659 167 General office 257 274 taxes & licenses 161 842 Premises 305 340 Communications 98 103
total general and administrative expenses 4,414 4 4,606
Fundraising 1,022 1,100
Depreciation and amortization 1,306 1,307
total expenses 40,896 38,848
change in net assets (2,433) (7,532)
net assets at beginning of year 154,514 162,046
net assets at end of year $152,080 $154,514
Statement of Financial Activities
Contributions Federal Grants Other Grants69%
28%
3%
2012 Source of Funds
Program Grants General & Admin. Fundraising
86%
11%
3%
2012 Use of Funds
Contributions Federal Grants Other Grants69%
28%
3%
2012 Source of Funds
Program Grants General & Admin. Fundraising
86%
11%
3%
2012 Use of Funds2012 Source of Funds
24 2 0 1 2 A G A k h A n F o U n D A t i o n U s A A n n U A L r e P o r t
BoArD oF DireCtors
his highness the Aga khan
Prince Amyn Aga khan
Matre Andr Ardoin
Guillaume de spoelberch
nAtionAL CoMMittee
Aziz Valliani, Chairman
Mohammad Ashraf ramji, Vice Chairman
Dr. Barkat Fazal
Zamila karimi
sultana Mangalji
Dr. eboo Patel
Alnoor shivji
jehan Velji
exeCUtiVe & senior stAFF
Dr. Mirza jahani, Chief Executive Officer
noordin Moloo, Chief Financial Officer
Charles sheerin, Director of Communications and Resource Development
joanne trotter, Director of Programs
kamran Ali, Accounting and Grants Manager
evan Gill, Impact Investment, Acting Manager
karim juma, Donor Services and Administration Manager
salmin Pardhan, Resource Development and Volunteer Services Manager
Martha sipple, Communications and Public Affairs Manager
Caryn sweeney, Manager of Program Development
sharon Bayolo, Executive Assistant
see WeBsite For FULL stAFF List:
http://www.partnershipsinaction.org/content/staff
Board of Directors, National Committee and Staff
The Foundation works with many institutional partners around the world. It also works closely with
national, provincial and district governments in the countries where it operates. The Foundations efforts
to alleviate poverty, hunger, illiteracy and poor health would not be possible without their unwavering
support. Our 2012 partners include:
ACDI/VOCA
Cargill Inc.
The Coca-Cola Foundation
Flora Family Foundation
The Ford Foundation
Bill & Melinda Gates Foundation
The William and Flora Hewlett Foundation
International Youth Foundation
Johnson & Johnson
Lions Clubs International
Microsoft Corporation
The Aga Khan Development Network has agreements and protocols with the following countries and
organizations: Afghanistan, Asian Development Bank, Bangladesh, Canada, Egypt, the European Commission,
France, Germany, India, Ivory Coast, Kazakhstan, Kenya, Kyrgyz Republic, Mali, Mozambique, Norway,
Pakistan, Portugal, Russia, Syria, Tajikistan, Tanzania, Uganda, United Kingdom, and the United Nations
(United Nations Development Programme and World Health Organization).
Institutional Partners
Charles Stewart Mott Foundation
Pfizer Inc.
Rockefeller Foundation
Synergos
TechnoServe
Texas A&M University
United States Agency for International Development
United States Department of Agriculture
United States Department of State
University of California at Berkeley
Whole Planet Foundation
Photo CreDits: Aga Khan Foundation/Neghatullah Abeer, Ramsha Ali, Rizwan Babwani, Miriam Ezzani, Karim Jan, Thomas Kelly, Caroline Lai, Dastanbui Mamadsaidov, Shagufta Noor, Gary Otte, Matthieu Paley, Jean-Luc Ray, Paul Rippey, Mikhail Romanyuk, Aizada Shakir, Nafisa Shekhova, Mar tha Sipple, Rober t Sorbo
1825 K Street, N.W.Suite 901Washington, DC 20006Telephone (202) 293-2537Facsimile (202) 785-1752Email [email protected] www.PartnershipsInAction.org
AGA KHAN FOUNDATION U.S.A.An agency of the Aga Khan Development NetworkAGA KHAN FOUNDATION U.S.A.An agency of the Aga Khan Development Network