Funding for 2011 was US$47.427 million, of which 98.8% came from CGIAR investors and 1.2% from other sources. Expenditure was US$46.71million (net of indirect costs recovery of US$4.478 million), of which 85.2% was used for program expenses and 14.8% for management and general expenses.

The governments and agencies that provided the largest share of our funding in 2010 and 2011 are shown in Figure 1, while IITA`s 2010 and 2011 expenditures by program and CGIAR system priorities are shown in Figures 2 and 3, respectively. Performance indicators, as prescribed by the CGIAR, are reflected in Figure 4.

Figure 3. Expenditure by CGIAR System Priority: 2010 and 2011
20102011
System PriorityCost ($`000)%Cost ($`000)%
SP 1: Sustaining Biodiversity5,97311.35,31211.4
SP 2: Genetic Improvements16,96432.014,29430.6
SP 3: Agricultural Diversification6,39812.16,19213.3
SP 4: Sustainable Management of Resources15,62529.513,48528.9
SP 5: Improving Policies7,71414.67,07915.2
Non-System Priority2850.53480.7
Total52,95910046,710100
Figure 4. Performance Indicators: Financial health
20102011
Short-term solvency (or liquidity)135 days159 days
Long-term financial stability (adequacy of reserves)135 days159 days
Indirect Cost Rates19.3%17.5%
Cash management on restricted operations0.060.09
Audit opinionUnqualified / Clean bill of financial health
List of IITA investors
Investors2010 (in thousands US$)2011 (in thousands US$)
African Agricultural Technology Foundation (AATF)246513
African Development Bank (AfDB)0358
Austria119773
Belgium1,5441,732
Bill & Melinda Gates Foundation03,961
BMZ, Germany9851,110
Canada2,42273
Catholic Relief Services (CRS)756386
Chemonics International6198
Centro Internacional de Agricultura Tropical (CIMMYT)2,3202,031
Commission of the European Communities3,7701,959
Common Fund for Commodities (CFC)5861,011
Consortium of IAR Centers011,271
Denmark8030
Department for Int’l Development, UK1,2960
ECOWAS2480
Food and Agriculture Organization (FAO)361239
France330330
Gatsby Charitable Foundation1090
Global Crop Diversity Trust (GCDT)528314
International Centre of Insect Physiology and Ecology (icipe)193246
International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)9861,613
International Fund for Agricultural Development (IFAD)686132
International Food Policy Research Institute (IFPRI)135402
Ireland1,114724
Italy00
Japan602410
Korea, Republic of400
Netherlands766495
Nigeria1,2071,890
Norway1,75078
Rockefeller Foundation0-1
Shell Petroleum Development Company of Nig. Ltd.5670
Sweden5121,018
Switzerland478173
United States Agency for International Development (USAID)17,8187,929
W. K. Kellogg Foundation470
World Bank2,02655
Miscellaneous Projects4,3683,751
Challenge Programs2,1111,872
Grand total52,44846,856