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
2010 2011
System Priority Cost ($`000) % Cost ($`000) %
SP 1: Sustaining Biodiversity 5,973 11.3 5,312 11.4
SP 2: Genetic Improvements 16,964 32.0 14,294 30.6
SP 3: Agricultural Diversification 6,398 12.1 6,192 13.3
SP 4: Sustainable Management of Resources 15,625 29.5 13,485 28.9
SP 5: Improving Policies 7,714 14.6 7,079 15.2
Non-System Priority 285 0.5 348 0.7
Total 52,959 100 46,710 100
Figure 4. Performance Indicators: Financial health
2010 2011
Short-term solvency (or liquidity) 135 days 159 days
Long-term financial stability (adequacy of reserves) 135 days 159 days
Indirect Cost Rates 19.3% 17.5%
Cash management on restricted operations 0.06 0.09
Audit opinion Unqualified / Clean bill of financial health
List of IITA investors
Investors 2010 (in thousands US$) 2011 (in thousands US$)
African Agricultural Technology Foundation (AATF) 246 513
African Development Bank (AfDB) 0 358
Austria 119 773
Belgium 1,544 1,732
Bill & Melinda Gates Foundation 0 3,961
BMZ, Germany 985 1,110
Canada 2,422 73
Catholic Relief Services (CRS) 756 386
Chemonics International 619 8
Centro Internacional de Agricultura Tropical (CIMMYT) 2,320 2,031
Commission of the European Communities 3,770 1,959
Common Fund for Commodities (CFC) 586 1,011
Consortium of IAR Centers 0 11,271
Denmark 803 0
Department for Int’l Development, UK 1,296 0
ECOWAS 248 0
Food and Agriculture Organization (FAO) 361 239
France 330 330
Gatsby Charitable Foundation 109 0
Global Crop Diversity Trust (GCDT) 528 314
International Centre of Insect Physiology and Ecology (icipe) 193 246
International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) 986 1,613
International Fund for Agricultural Development (IFAD) 686 132
International Food Policy Research Institute (IFPRI) 135 402
Ireland 1,114 724
Italy 0 0
Japan 602 410
Korea, Republic of 40 0
Netherlands 766 495
Nigeria 1,207 1,890
Norway 1,750 78
Rockefeller Foundation 0 -1
Shell Petroleum Development Company of Nig. Ltd. 567 0
Sweden 512 1,018
Switzerland 478 173
United States Agency for International Development (USAID) 17,818 7,929
W. K. Kellogg Foundation 47 0
World Bank 2,026 55
Miscellaneous Projects 4,368 3,751
Challenge Programs 2,111 1,872
Grand total 52,448 46,856