Funding and Grant Making
The Aga Khan Foundation is the principal grant-making agency for social development within the Aga Khan Development Network. The Foundation has a sharply defined funding strategy, and its standards are, of necessity, high. Grants are normally given to local organizations interested in testing new solutions, in learning from experience and in being agents of lasting change. These organizations must share the Foundation's and AKDN's goals in their specific areas of focus. If no established group exists, the Foundation occasionally creates new organizations to tackle particularly important problems.
The Aga Khan provides the Foundation with regular funding for administration and new programme initiatives as well as contributions to its endowment. The Ismaili community contributes volunteer time, professional services and substantial financial resources. Other funding sources include income from investments and grants from government, institutional and private sector partners - as well as donations from individuals around the world.
Read more about this topic: Aga Khan Foundation
Famous quotes containing the words grant and/or making:
“America had no use for Adams because he was eighteenth-century, and yet it worshipped Grant because he was archaic and should have lived in a cave and worn skins.”
—Henry Brooks Adams (1838–1918)
“I see in you also there are movements, tremors, tears, desire for
the melodious,
I salute your three violinists, endlessly making vibrations,
Rigid, relentless, capable of going on for ever;”
—Gilbert Keith Chesterton (1874–1936)