Aga Khan Foundation USA

“His highness shah karim al-husseini aga khan and prince amyn aga khan are brothers. Princess zahra and prince rahim are adult children of his highness.”

“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.”

“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.”

“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.”

“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 [email protected]”

“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.”

“In 2019, akf u.s.a. Active grants supported interventions in afghanistan, kenya, mali, mozambique, pakistan, tanzania, 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 intern and scholarship programs. Expenses $34,839,802. Including grants of $30,419,032. Revenue $179,043.”

“There have been no changes during the year in the process for oversight of the audit of the financial statements.”