2021-10-05T07:56:39-05:00 2020-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2020-01-01 521231983 Aga Khan Foundation USA % NAZLIN PEPERMINTWALA AGAK 2022932537 1825 K Street NW 901 Washington DC 20006 NAZLIN PEPERMINTWALA Assoc Dir of Finance 2022932537 2021-10-04 true NAZLIN PEPERMINTWALA 999009999 Marc Berger P01871563 7038930600 3 2020 2022-09-23 18:48:47Z Khalil Shariff 1825 K Street NW 901 Washington DC 20006 186532708 false X www.akfusa.org X 1981 DC See Schedule O 16 16 33 2000 0 169187141 47051281 0 0 3225014 1856932 1085020 2267334 173497175 51175547 75673499 72225069 0 0 3239178 2296365 0 0 886761 6439212 -1226369 85351889 73295065 88145286 -22119518 494211949 472942036 8034161 8527178 486177788 464414858 X SEE SCHEDULE O false false 38718007 38718007 0 IN 2020, AKF U.S.A. ACTIVE GRANTS SUPPORTED INTERVENTIONS IN AFGHANISTAN, KENYA, MALI, KYRGYZSTAN, PAKISTAN, AND TAJIKISTAN. THE DIVERSE PROGRAM PORTFOLIO INCORPORATES MULTI-SECTOR PROGRAMS SUCH AS THE MALI, TAJIKISTAN, AND AFGHANISTAN AREA DEVELOPMENT PROGRAMS, AS WELL AS THE SECTOR SPECIFIC INTERVENTIONS IN EDUCATION, HEALTH, RURAL DEVELOPMENT AND CIVIL SOCIETY. AKF U.S.A. ACTIVELY SUPPORTS HUMAN RESOURCE DEVELOPMENT THROUGH THE FELLOWSHIP AND SCHOLARSHIP PROGRAMS. 29109000 29109000 0 DIAMOND JUBILEE GRANT TO AKF SWITZERLAND: PART OF AKF ENDOWMENT THAT WILL SERVE ON A LONG TERM BASIS TO COVER A PORTION OF VARIOUS EXPENDITURES. 4194387 4194387 0 A Transformative New Partnership in Asia and Africa is an innovative partnership between AKF and USAID. The partnership is working to put communities at the center of development by building the capacity of local citizens and institutions to develop new solutions to the challenges they identify. Currently, Local Impact is active in Afghanistan, the Kyrgyz Republic, and Tajikistan, and focuses on increasing economic growth, improving access to basic services, strengthening local communities and civic institutions, and promoting inclusion and social cohesion. 3482216 3482216 0 75503610 true true false false false false false false false false true true false false true true true false false false true true false false true false false false false true false false false false false false false false true false false false false true false false false true 14 0 true 33 true false false false false false true true false false false false false false X 16 16 true false false false false false false true true false false true true true true true true true true false CA FL NY X X NAZLIN PEPERMINTWALA 2022932537 1825 K STREET NW 901 Washington DC 20006 X IBRAHIM INAYATALI Dir Resource DevLMNT & Legacy 40.0 0.0 X 167837 0 15873 ANNA TITULAER Global Lead, Local Impact 40.0 0.0 X 149960 0 23472 NAZLIN PEPERMINTWALA Associate Director of Finance 40.0 0.0 X 142134 0 22972 ELIZABETH GRANT Director of Programs & Partner 40.0 0.0 X 137658 0 23753 SALLY L MAIER Senior Design Strategist 40.0 0.0 X 113384 0 13274 HIS HIGHNESS SHAH KARIM AL-HUSSEINI AGA KHAN, CHAIRMAN 1.0 0.0 X 0 0 0 PRINCE AMYN AGA KHAN DIRECTOR 1.0 0.0 X 0 0 0 PRINCESS ZAHRA AGA KHAN DIRECTOR 1.0 0.0 X 0 0 0 PRINCE RAHIM AGA KHAN DIRECTOR 1.0 0.0 X 0 0 0 JANE PIACENTINI-MOORE DIRECTOR 1.0 0.0 X 0 0 0 ALAN ABELA DIRECTOR 1.0 0.0 X 0 0 0 SHERINA EBRAHIM CHAIRMAN NATIONAL COMMITTEE 5.0 0.0 X 0 0 0 ZAHID RAHIMTOOLA VICE-CHAIR,SECRETARY/TREASURER 5.0 0.0 X X 0 0 0 ALI ALJUNDI MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 FARIDA KHEMANI MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 MAHMOOD KHIMJI MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 SHAIZA DAMJI NURANI MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 ALEEM REMTULA MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 NAGEEB SUMAR MEMBER, NATIONAL COMMITTEE 1.0 0.0 X 0 0 0 FARRUKH GHULAM HAIDER VALLIANI Member, National Committee 1.0 0.0 X 0 0 0 AL-KARIM ALIDINA EX-OFFICIO MEMBER, NAT'L COMM. 1.0 0.0 X 0 0 0 KHALIL SHARIFF INTERIM CEO 10.0 0.0 X 0 0 0 SALIM FEROZALI REGIONAL, CFO, NORTH AMERICA 7.0 0.0 X 0 0 0 710973 0 99344 5 false true false BDO USA LLP 770 KENMOOR SE SUITE 300 GRAND RAPIDS MI 49546 AUDIT FEES 125057 1 10904224 1039000 5966448 29141609 47051281 0 1875898 168053 1707845 0 0 0 0 0 135013461 135032427 -18966 -18966 -18966 2392181 10904224 324734 2067447 2067447 0 0 0 0 0 0 NET CSV LIFE INSURANCE 199887 199887 199887 51175547 168053 3956213 0 0 72225069 72225069 0 810318 480726 82553 247039 0 1026774 490357 201757 334660 183709 97108 28431 58170 99892 52803 15459 31630 175672 92860 27187 55625 129273 96823 4950 27500 68363 36786 30781 796 125057 41000 84057 0 0 0 0 0 0 0 0 72198 35234 0 36964 324091 29038 118574 176479 8965 0 0 8965 0 365783 107583 129100 129100 55216 18907 32197 4112 0 0 0 0 1593696 1593696 0 0 0 DOUBTFUL PLEDGES PROVISION -3855630 0 -3855630 0 PROPERTY TAXES & LICENSES 125338 105620 5278 14440 MISC 86015 0 0 86015 FUNDRAISING EXPENSE -324734 0 0 -324734 73295065 75503610 -3095306 886761 1000 1000 154476558 169853620 183651880 135990235 0 0 0 0 0 0 0 0 0 0 0 0 140125109 25999583 105558273 114125526 0 0 30208124 32374207 15741379 15224138 0 0 4574735 5373310 494211949 472942036 4585244 2315481 94660 5293541 1360871 814894 0 0 0 0 0 0 0 0 0 0 1993386 103262 8034161 8527178 X 261917009 252054223 224260779 212360635 486177788 464414858 494211949 472942036 -22119518 356588 X X false true X true true true X 39381308 231926268 74743895 169187141 47051281 562289893 0 0 39381308 231926268 74743895 169187141 47051281 562289893 2605810 559684083 116018 214869 311996 3098914 1875898 5617695 816926 920410 1486680 1095068 2067447 6386531 0 574294119 2399002 0.97456 0.98143 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71430868 71430868 53521483 25999583 27521900 0 0 0 15172758 15172758 114125526 CSV OF LIFE INSURANCE POLICIES 29134356 F 10,504 SHS EQUITY INVESTMENTS 3239851 F 32374207 0 DEFERRED RENT 103262 103262 X 51856870 356588 324735 681323 51175547 51175547 73619800 324735 324735 73295065 73295065 PART VI, LINE 1E: CONSTRUCTION IN PROGRESS - $15,172,758 PART X, LINE 2: Management evaluated the Foundation's tax positions and concluded that the Foundation has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Generally, the Foundation is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2017. years before 2017. years before 2017. PART XI, LINE 2D: OTHER AMOUNTS INCLUDED IN FINANCIALS NOT IN THE RETURN: EXCESS OF FUNDRAISING EVENT REVENUE OVER EXPENSE $324,734. PART XII, LINE 2D: OTHER AMOUNTS INCLUDED IN FINANCIALS NOT IN THE RETURN: EXCESS OF FUNDRAISING EVENT REVENUE OVER EXPENSE $324,734. true Europe (Including Iceland and Greenland) Grantmaking Multi sector - see V 46611423 North America Grantmaking Multi sector - see V 3320492 Russia and the Newly Independent States Grantmaking Multi sector - see V 14104541 South Asia Grantmaking Multi sector - see V 6508752 Sub-Saharan Africa Grantmaking Multi sector - see V 1679861 72225069 72225069 Europe (Including Iceland and Greenland) SEE PART V 29539612 WIRE Europe (Including Iceland and Greenland) SEE PART V 168602 WIRE Europe (Including Iceland and Greenland) SEE PART V 1031836 WIRE Europe (Including Iceland and Greenland) SEE PART V 6679639 WIRE Europe (Including Iceland and Greenland) SEE PART V 3000000 WIRE Europe (Including Iceland and Greenland) SEE PART V 210902 WIRE Europe (Including Iceland and Greenland) SEE PART V 2129895 WIRE Europe (Including Iceland and Greenland) SEE PART V 218755 WIRE Europe (Including Iceland and Greenland) SEE PART V 12182 WIRE Europe (Including Iceland and Greenland) SEE PART V 3620000 WIRE North America SEE PART V 2922507 WIRE North America SEE PART V 11129 WIRE North America SEE PART V 11370 WIRE North America SEE PART V 144830 WIRE North America SEE PART V 151000 WIRE North America SEE PART V 78788 WIRE Russia and the Newly Independent States SEE PART V 223602 WIRE Russia and the Newly Independent States SEE PART V 439581 WIRE Russia and the Newly Independent States SEE PART V 285459 WIRE Russia and the Newly Independent States SEE PART V 91694 WIRE Russia and the Newly Independent States SEE PART V 115772 WIRE Russia and the Newly Independent States SEE PART V 49471 WIRE Russia and the Newly Independent States SEE PART V 3166434 WIRE Russia and the Newly Independent States SEE PART V 184976 WIRE Russia and the Newly Independent States SEE PART V 80418 WIRE Russia and the Newly Independent States SEE PART V 6602000 WIRE Russia and the Newly Independent States SEE PART V 992341 WIRE Russia and the Newly Independent States SEE PART V 189076 WIRE Russia and the Newly Independent States SEE PART V 1683717 WIRE South Asia SEE PART V 2595039 WIRE South Asia SEE PART V 2312969 WIRE South Asia SEE PART V 58084 WIRE South Asia SEE PART V 65623 WIRE South Asia SEE PART V 133532 WIRE South Asia SEE PART V 7748 WIRE South Asia SEE PART V 36173 WIRE South Asia SEE PART V 88019 WIRE South Asia SEE PART V 1007736 WIRE South Asia SEE PART V 215000 WIRE Sub-Saharan Africa SEE PART V 534958 WIRE Sub-Saharan Africa SEE PART V 209990 WIRE Sub-Saharan Africa SEE PART V 56757 WIRE Sub-Saharan Africa SEE PART V 9740 WIRE Sub-Saharan Africa SEE PART V 615395 WIRE Sub-Saharan Africa SEE PART V 10000 WIRE Sub-Saharan Africa SEE PART V 23203 WIRE Sub-Saharan Africa SEE PART V 70374 WIRE Sub-Saharan Africa SEE PART V 26691 WIRE Sub-Saharan Africa SEE PART V 122752 WIRE 51 0 false false true false false false Part I, Line 2: AKF U.S.A. HAS THE FOLLOWING PROCEDURES IN PLACE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES: - GRANT AGREEMENTS AND MEMORANDUMS OF UNDERSTANDING ARE SIGNED WITH ALL IMPLEMENTING PARTNERS IN THE FIELD OUTLINING THEIR OBLIGATIONS AND RESPONSIBILITIES VIS-A-VIS USE OF GRANTED U.S. GOVERNMENT AND/OR PRIVATE FOUNDATION FUNDS; - IMPLEMENTING PARTNERS SUBMIT AT A MINIMUM, QUARTERLY FINANCIAL AND NARRATIVE REPORTS. THESE REPORTS ARE ANALYZED AT THE AKF U.S.A. OFFICE FOR INTERNAL DISCREPANCIES AND FOR ANY DISALLOWABLE SPENDING OR ACTIVITIES; - RESPONSIBLE OFFICERS FROM AKF U.S.A. VISIT IMPLEMENTING PARTNERS IN THE FIELD TO ENGAGE ON GRANT COMPLIANCE. THE FREQUENCY OR TIMING OF THESE VISITS IS DETERMINED BY THE NATURE OF A PARTICULAR GRANT AND THE INTERNAL MONITORING CAPACITIES OF A PARTICULAR IMPLEMENTING PARTNER. PART I, LINE 3 and Part II, line 1: EXPLANATION: METHOD USED TO ACCOUNT FOR EXPENDITURES IS ACCRUAL BASIS. PART II, COLUMM (D) FUNDING FOR PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING AND THE ENVIRONMENT. VIRTUAL VOYAGE 13296405 10904224 2392181 324734 0 13296405 10904224 2392181 324734 324734 2067447 X X false false false false false false false false false IBRAHIM INAYATALI Dir Resource DevLMNT & Legacy 167837 0 0 0 0 0 3033 0 12840 0 183710 0 0 0 ELIZABETH GRANT Director of Programs & Partner 137658 0 0 0 0 0 13222 0 10531 0 161411 0 0 0 ANNA TITULAER Global Lead, Local Impact 149960 0 0 0 0 0 12000 0 11472 0 173432 0 0 0 NAZLIN PEPERMINTWALA Associate Director of Finance 142134 0 0 0 0 0 12099 0 10873 0 165106 0 0 0 X 2155669 FAIR MARKET VALUE X TRAVEL/MEETING 0 3104 FAIR MARKET VALUE X PRINTING 0 3906 FAIR MARKET VALUE false false false Part I, column B: The number of contributions or items contributed in column (b) is reported as the number of contributions received. Form 990, Part I, Line 1, AND PART III, Line 1: THE AGA KHAN FOUNDATION U.S.A. IS A PUBLIC, NON-DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING, AND THE ENVIRONMENT. Form 990, Part III, Line 4d: THRIVE TAJIKISTAN PROJECT: THRIVE TAJIKISTAN AIMS TO ENHANCE INTEGRATED SOCIO-ECONOMIC DEVELOPMENT FOR MEN, WOMEN, BOYS, AND GIRLS IN KHATLON OBLAST AND GBAO REGIONS IN TAJIKISTAN. TO ACHIEVE THIS GOAL, THRIVE ENSURES LOCAL GOVERNANCE INSTITUTIONS DEPLOY RESOURCES AND SOCIAL SERVICES EFFECTIVELY THROUGH: IMPROVED MANAGEMENT OF RESOURCES AND SOCIAL SERVICES BY LOCAL GOVERNANCE INSTITUTIONS AND INCREASED ACCESS AND USE OF QUALITY SOCIAL SERVICES BY MEN, WOMEN, BOYS AND GIRLS IN TARGETED COMMUNITIES. AKF ALSO ENSURES IMPROVED PERFORMANCE OF TARGETED SMALLHOLDER FARMERS AND ENTREPRENEURS THROUGH: INCREASED ACCESS FOR TARGETED ENTREPRENEURS TO GROWTH-ORIENTED FINANCIAL AND TECHNICAL ASSISTANCE SERVICES AND INCREASED ACCESS AND USE BY SMALLHOLDER FARMERS TO AGRICULTURAL TECHNICAL ASSISTANCE AND PRODUCTIVE ASSETS. EXPENSES $3,482,216. INCLUDING GRANTS OF $3,482,216. REVENUE $0. Form 990, Part VI, Section A, line 2: HIS HIGHNESS SHAH KARIM AL-HUSSEINI AGA KHAN AND PRINCE AMYN AGA KHAN ARE BROTHERS. PRINCESS ZAHRA AND PRINCE RAHIM ARE CHILDREN OF HIS HIGHNESS. Form 990, Part VI, Section B, line 11: THE DRAFT FORM 990 IS PROVIDED TO AKF USA'S SENIOR MANAGEMENT AND FINANCE COMMITTEE FOR THEIR REVIEW AND COMMENT. ONCE COMPLETED, A COPY OF THE FORM 990 IS SUBMITTED TO AKF USA'S BOARD OF DIRECTORS AND NATIONAL COMMITTEE PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c: THE BOARD, THE NATIONAL COMMITTEE AND MANAGEMENT HAVE THE RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF AKF U.S.A. HONESTLY AND PRUDENTLY, AND OF EXERCISING THEIR BEST CARE, SKILL AND JUDGEMENT FOR THE SOLE BENEFIT OF AKF U.S.A. THOSE PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH AKF U.S.A. OR KNOWLEDGE GAINED THERE FOR THEIR PERSONAL BENEFIT. THIS STATEMENT IS DIRECTED NOT ONLY TO DIRECTORS AND OFFICERS, BUT TO ALL EMPLOYEES WHO CAN INFLUENCE THE ACTION OF AKF U.S.A. TRANSACTIONS BETWEEN THE AKF U.S.A. AND VENDORS ARE REGULARLY REVIEWED BY THE CEO AND CFO TO VERIFY THAT NO CONFLICT OF INTEREST HAS TAKEN PLACE INVOLVING ANY OF THE ABOVE MENTIONED PERSONS AND AKF U.S.A. VENDORS. IF A CONFLICT OF INTEREST SHOULD ARISE, THE NATIONAL COMMITTEE WILL DETERMINE WHETHER THE TRANSACTION IS IN THE BEST INTEREST OF AKF U.S.A. THE NATIONAL COMMITTEE SHALL HAVE THE SOLE DISCRETION TO TAKE ACTION AND ADMINISTER THE APPROPRIATE RESOLUTION SHOULD THE TRANSACTIONS BE DEEMED NOT IN THE BEST INTEREST OF AKF U.S.A. Form 990, Part VI, Section B, Line 15: 15A - THE COMPENSATION OF THE CEO IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF THE AGA KHAN FOUNDATION. THE HUMAN RESOURCES COMMITTEE REVIEWS THE REQUEST FOR INCREASE AS PART OF THE ANNUAL BUDGET SUBMITTED FOR DELIBERATION TO THE BOARD OF THE AGA KHAN FOUNDATION. THE AKF U.S.A. CEO'S COMPENSATION IS COMPARED TO THE COMPENSATION OF THE FELLOW CEO'S EMPLOYED THROUGHOUT THE AGA KHAN DEVELOPMENT NETWORK AND IS APPROVED SUBSEQUENTLY BY THE AKF BOARD. THE APPROVAL IS COMMUNICATED TO THE ASSOCIATE DIRECTOR OF FINANCE THROUGH THE CHAIRMAN OF THE NATIONAL COMMITTEE, WHO THEN INITIATES PAYMENT OF THE COMPENSATION. THERE IS NO COMPENSATION TO THE BOARD MEMBERS AND NATIONAL COMMITTEE OF AKF U.S.A. 15B - KEY EMPLOYEE'S SALARY IS DETERMINED BY THE CEO AND IS SUBMITTED TO THE AKF BOARD AS PART OF THE ANNUAL BUDGET OF AKF USA. THE LEVEL OF COMPENSATION IS DETERMINED BY THE CEO FROM THE SALARY SURVEYS OF THE WASHINGTON D.C. AREA FOR SIMILAR POSITIONS AND MARKET PRESSURES. THE AKF BOARD APPROVES THE LEVEL OF COMPENSATION FOR EACH EMPLOYEE, INCLUDING KEY EMPLOYEES. THE APPROVAL IS COMMUNICATED TO THE CEO WHO NOTIFIES THE ASSOCIATE DIRECTOR OF FINANCE TO INITIATE PAYMENT OF THE COMPENSATION. Form 990, Part VI, Section C, Line 19: THE AUDITED FINANCIAL STATEMENTS AND FORM 990 TAX RETURNS ARE AVAILABLE TO THE PUBLIC AND ARE POSTED ON AKF USA'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC AND CAN BE OBTAINED BY EMAILING A REQUEST TO INFO.AKFUSA@AKDN.ORG Form 990, Part XII, Line 2c: There have been no changes during the year in the process for oversight of the audit of the financial statements. AGA KHAN FOUNDATION SWITZERLAND 1-3 AVENUE DE LA PAIX SWITZERLAND SZ 1211 see part VII SZ SEE VII SEE VII NA false false false true false false false false false false false false false false false true true true false false AGA KHAN FOUNDATION SWITZERLAND C, O, 1039000 amt wired AGA KHAN FOUNDATION CANADA C, O, 151000 amt wired Part II: PRIMARY ACTIVITY - AKF SWITZERLAND SEEKS SUSTAINABLE SOLUTIONS TO LONG TERM PROBLEMS OF POVERTY, HUNGER, ILLITERACY, AND ILL-HEALTH WITH SPECIAL EMPHASIS ON THE NEEDS OF RURAL COMMUNITIES IN MOUNTAINOUS COASTAL AND OTHER RESOURCE POOR AREAS. PROGRAM PRIORITIES ARE EDUCATION, HEALTH, RURAL DEVELOPMENT, CIVIL SOCIETY, WITH PARTICULAR EMPHASIS ON GENDER, THE ENVIRONMENT, THE PLURALISM AND HUMAN RESOURCE DEVELOPMENT. EXEMPT CODE SECTION: AKF SWITZERLAND IS TAX EXEMPTED UNDER SWISS LAW FOR CHARITABLE ORGANIZATIONS. THERE IS NO SPECIFIC CODE. PUBLIC CHARITY STATUS: AKF SWITZERLAND IS A PRIVATE FOUNDATION RECOGNIZED AS A NON-PROFIT CHARITABLE ORGANIZATION UNDER THE CONTROL OF THE SWISS FOUNDATION AUTHORITY.