Global Fund To Fight Aids Tuberculosis And Malaria
- Assets
- $7.2b
- Revenue
- $3.9b
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 98-0380092
Organization Overview
Global Fund To Fight Aids Tuberculosis And Malaria is located in null. The organization was established in 2002. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Fund To Fight Aids Tuberculosis And Malaria is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Global Fund To Fight Aids Tuberculosis And Malaria generated $3.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.1b during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA (THE GLOBAL FUND) IS TO ATTRACT, LEVERAGE AND INVEST RESOURCES TO END THE EPIDEMICS OF HIV/AIDS, TUBERCULOSIS AND MALARIA TO SUPPORT ATTAINMENT OF THE SUSTAINABLE DEVELOPMENT GOALS ESTABLISHED BY THE UNITED NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS TO LOCALLY-DEVELOPED PROGRAMS FOR THE PREVENTION, TREATMENT OR CARE OF HIV/AIDS, TUBERCULOSIS AND MALARIA AND FOR HEALTH SYSTEM STRENGTHENING.FOLLOWING THE BOARD DECISION ON APRIL 9, 2020, THE GLOBAL FUND LAUNCHED AN APPEAL TO RAISE ADDITIONAL FUNDING FOR COVID-19 EMERGENCY RESPONSE AND CREATED THE COVID-19 RESPONSE MECHANISM ("C19RM"). ON MARCH 30, 2021 AND DECEMBER 22, 2021, THE BOARD APPROVED FURTHER EXTENSIONS OF C19RM AND THE ASSOCIATED TIMELINES AND OPERATIONAL FLEXIBILITIES. THE BOARD ALSO DELEGATED AUTHORITY TO THE AUDIT AND FINANCE COMMITTEE TO APPROVE INCREASES TO THE C19RM FAST-TRACK INVESTMENT CEILING ON AUGUST 18, 2021. (CONTINUED ON SCHEDULE O)DONOR CONTRIBUTIONS RECOGNIZED IN 2021 IN THE STATEMENT OF INCOME INCLUDE USD 1.8 BILLION (2020: USD 278 MILLION) RECEIVED IN RESPONSE TO THIS APPEAL AND FOLLOW THE COMPREHENSIVE FUNDING POLICY.
STRATEGIC INITIATIVE PROJECTS-STRATEGIC INITIATIVE PROJECTS FACILITATE GRANT IMPLEMENTATION BY FINANCING TECHNICAL ASSISTANCE, CAPACITY DEVELOPMENT, ALTERNATIVE FUNDING MECHANISMS AND OTHER STRATEGIC PRIORITIES. THEY ARE IMPLEMENTED THROUGH PROJECT PARTNERS LIKE LOCAL GOVERNMENT AGENCIES, INTERNATIONAL ORGANIZATIONS AND PRIVATE FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Eldon Edington Head, Grant Management Division | Officer | 50 | $490,691 |
Andreas Walter Tamberg Fund Portfolio Manager | 50 | $443,831 | |
Peter Alexander Sands Executive Director | Officer | 50 | $437,365 |
Michael Wainford Johnson Chief Information Officer | Officer | 50 | $423,968 |
Scott Jay Filler Head, Malaria Disease Advisor | 50 | $410,372 | |
Harley Feldbaum Head Strategy And Policy Hub | Officer | 50 | $396,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Local Fund Agents And Management Consult | 12/30/21 | $46,677,757 |
Swiss Centre For Int'l Health Swiss Tph Local Fund Agents | 12/30/21 | $8,381,365 |
Cognizant Worldwide Limited It Technical & Strategic Bus. Partners | 12/30/21 | $8,206,537 |
World Health Organization - Unitaid Who Unitaid Strategic Initiatives | 12/30/21 | $8,927,456 |
World Health Organization Mgmt Consulting & Strategic Initiatives | 12/30/21 | $8,877,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,763,038,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,719,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,815,758,210 |
| Total Program Service Revenue | $0 |
| Investment income | $76,377,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,892,135,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,784,583,315 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,711,463 |
| Compensation of current officers, directors, key employees. | $871,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,695,229 |
| Pension plan accruals and contributions | $19,089,276 |
| Other employee benefits | $976,668 |
| Payroll taxes | $0 |
| Fees for services: Management | $37,976,827 |
| Fees for services: Legal | $269,920 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,278,998 |
| Fees for services: Other | $5,528,123 |
| Advertising and promotion | $0 |
| Office expenses | $1,924,313 |
| Information technology | $32,164,957 |
| Royalties | $0 |
| Occupancy | $2,516,219 |
| Travel | $931,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,394,847 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,128,802,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,804,051 |
| Pledges and grants receivable | $2,429,070,922 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,538,742 |
| Net Land, buildings, and equipment | $47,626,818 |
| Investments—publicly traded securities | $4,418,339,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,484,831 |
| Other assets | $58,641,856 |
| Total assets | $7,217,506,992 |
| Accounts payable and accrued expenses | $71,240,782 |
| Grants payable | $3,655,040,890 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $303,990,204 |
| Total liabilities | $4,030,271,876 |
| Net assets without donor restrictions | $3,120,736,660 |
| Net assets with donor restrictions | $66,498,456 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,217,506,992 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Global Fund To Fight Aids Tuberculosis And Malaria has recieved totaling $4,005,057.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $2,000,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $2,000,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcmaster University Ontario | $2,782,562,539 | $954,591,107 |
Independent Order Of Foresters | $6,129,337,660 | $713,057,039 |
Hebrew University Association Jerusalem Palestine | $3,248,315,000 | $946,360,171 |
University Of Saskatchewan | $2,207,784,972 | $816,404,692 |
Queens University At Kingston Department Of Financial Services | $2,643,962,738 | $804,073,117 |
Tel Aviv University | $2,569,449,000 | $866,534,000 |
National Trust For Places Of Historic Interest Or Natural Beaut | $2,598,966,000 | $820,524,000 |
University Of Manitoba | $2,384,369,000 | $788,244,000 |
Simon Fraser University | $2,219,643,595 | $690,303,634 |
Dalhousie University | $2,012,270,000 | $654,417,000 |
Universite De Sherbrooke | $840,417,269 | $587,133,569 |
University Of Victoria | $1,491,562,584 | $512,310,368 |