return of organization exemptfromincometax...

Form 990 Return of Organization Exempt From Income TaxUnder section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code

(except black lung benefit trust or private foundation)Department of the TreasuryInternal Revenue Service ► The organization may have to use a copy of this return to satisfy state reporting requirements

OMB No 1545-0047

1 2011Open to Public

Inspection

A For the 2011 calendar year, or tax year beginning , 2011, and ending ,

B Check if applicable C Name of organization AGA KHAN FOUNDATION U.S.A. D Employer Identification Number

Address change Doing Business As 52-1231983

Name change Number and street (or P 0 box if mail is not delivered to street addr) - Room/suite E Telephone number

Initial return 1825 K STREET N.W. 901 (202) 293-2537

Terminated City, town or country State ZIP code + 4

Amended return WASHINGTON DC 20006 G Gross receipts $ 31, 03 6, 661.

FlApplication pending F Name and address of principal officer H(a) Is this a group return for affiliates? H Yes 8 No

gut.NOORDINtmwo1825KSTREET ,N.W.WASHINGTON D.C.DC20006H(b) Areallaffiliatesincluded Yes No

If 'No,' attach a list (see instructions)

I Tax-exempt status FXI 501(c) ( (Insertno) 4947(aXI) or 527

J Website : ► WWW . AKDN. ORG N(c) Group exemption number ►

K Form of organization n Corporation F1 Trust Association n L Year of Formation 1981 M State of legal domicile DC

Part I Summa ry

1 Briefly describe the organization's mission or most significant activities- THE AGA KHAN FOUNDATION- U.S.A. IS - - ------------------- -------

A PUBLIC, NON-DENOMINATIONAL,-PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN.------ ------------- -------------------------------------------

CIT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING------------------------ ---------------------------------------

E PROGRAM IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING & ENVIRONMENT.------------ ------- ------------ ------------------------------

2 Check this hnx ► n if the nrnanvatinn disr•.nntinueri its onerahnns or rtisnnsed of more than 25% of its net assets

Part llUnder penaltiescomplete Declx

ignature Block = -_ - -

Iwnrofpreparearethat

thane ea) isbaseidreturn,linformatioaccompanyingwrearerehaseanyknowledgn

statements, and to the best of my knowledge and belief, it is true, correct, and

"i PLC- It/a

May the IRS discuss this return with the preparer shown above?

Sign Signatu of officer

Here MR. NOORDIN MOLOOType or print name and t i tle

s gnatsPrint/Type preparer ' s name Preit

Paid GUNCHA CHAWLA

Preparer Firm's name ► AFFLUENT FINANCIAL SEUse Only Firm's address ► 23921 CATAWBA HILL DR

CLARKSBURG

0,,

3 Number of voting members of the governing body (Part VI, line 1 a) 3 10,, 4 Number of independent voting members of the governing body (Part VI, line lb) 4 10

5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) 5 456 Total number of volunteers (estimate if necessary) 6 1, 800

a 7a Total unrelated business revenue from Part VIII, column (C), line 12 7a 0.

b Net unrelated business taxable income from Form 990 -T, line 34 7b

Prior Year Current Year

8 Contributions and grants (Part Vlll, line lh) 28, 083, 631. 31,523,694.9 Program service revenue (Part VIII , line 2g)

10 Investment Income (Part VIII, column (A), lines 3, 4, and 7d) 199,722. -515 , 995.

11 Other revenue (Part Vlll, column (A), lines 5, 6d, 8c , 9c, 10c, and l le) . -487,873. -728,512.

12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) 27, 795, 480. 30,279,187.

13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) 30, 312, 868. 31,835,647.

14 Benefits paid to or for members (Part IX, column (A), line 4)

15 Salaries , other compensation , employee benefits (Part IX, column (A), lines 5-10) 2, 299, 048. 2, 562, 700.

coC 16a Professional fundraising fees (Part IX, column (A), line l le)

b Total fundraising expenses (Part IX, column (D), line 25) 1, 62, 945.

17 Other expenses (Part IX, column (A), lines l la-11 Id, llf-24e) 3, 852, 929. 3,413,224.

18 Total expenses Add lines 13-17 (must equal Pa IX, co

IL

36,464,845. 37,811,571.

19 Revenue less expenses Subtract line 18 from lin e 1 2 LI V L -8,669,365. -7,532,384.

h S ' 71217 Beginning of Current Year End of Year

5 20 Total assets (Part X, line 16). (O SAY L 1 2012 173, 641, 360. 160, 050, 919.g 21 Total liabilities (Part X, line 26) u . 11, 595, 388. 5, 537, 331.

zLL 22 Net assets or fund balances Subtract line 21 from line--20 ,- - %i 162, 045, 972. 154, 513, 588 .

BAA For Paperwork Reduction Act Notice, see the separate i

Form 990 (2011 ) AGA KHAN FOUNDATION U.S.A. 52-1231983 Part III Statement of Program Service Accomplishments

Check if Schedule 0 contains a response to any question in this Part III

1 Briefly describe the organization 's mission-

THE AGA KHAN FOUNDATION U.S.A. IS------------------------------------------------------------------A PUBLIC, NON - DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. -See Form 990, Page 2, Part III, Line 1 (continued _

-----------------------------------------

2 Did the organization undertake any significant program services during the year which were not listed on the prior

Form 990 or 990-EZ? Yes rX]

If 'Yes,' describe these new services on Schedule 0

3 Did the organization cease conducting , or make significant changes in how it conducts , any program services? Yes rX]

If 'Yes,' describe these changes on Schedule 0

4 Describe the organization 's program service accomplishments for each of its three largest program services, as measured by expenses.Section 501 (c)(3) and 501 (c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations toothers, the total expenses , and revenue , if any , for each program service reported

4a (Code: ) (Expenses $ 8, 695, 000. including grants of $ 8, 695, 000. ) (Revenue $ 0. )Golden Jubilee Proj ects_------------ -----------------------------------------------Objectives_ To_make_it possible for poor people to-actin ways_ that will lead

--------------to_long=term improvements in-their come and he h, in the environment------------------------and in-the-education-of-their children;- to provide_communities_ with-a greater------------- ------ranQe_of choices and the understanding necessary to take informed action; to- ------------------- ------------------------enable beneficiaries to gain_the_confidence and competence to participate in------------------- -------the desiyn,_implementation and continuingg_o_F^eration of activities that

------------------------------affect_the_quality of their lives; to put-institutional, management and----------- ------------financial-structures-in-place to ensure that proyramme_activities are---------------to-ensure

without the Foundation's assistance within a reasonable time-frame;--------------------------------------------------------------See Form 990, Page 2, Part III, Line 4a (continued)_

-----------------------------------------

4b (Code ) (Expenses $ 2, 551, 000. including grants of $ 2, 551, 000. ) (Revenue $ 0. )

Aga Khan University-Foundation (AKU)________________------- ------ ----------------------

Objectives_ To_promote human welfare in general and the welfare of the

peple_in Pakistan_ in particular, by-disseminating-knowledge and providinci _ _ _ _ _ _ _ _instructions,- training_research_and serive in_health sciences, -education and---------- ---- --- -------- -----------such other-branches-of learning as the University may determine. AKU is an--------------------- --------- ------------------international University_spread over eight countries =-Pakistan, Kenya,- _ _ _ _ _ _ _ _ _ ------------ ----Tanzania,- Uganda, United _Kingdom, Afghanistan, -Syria and Egyot_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Accomplishments: Refer to Schedule O_ _---- ------------------------------------

4c (Code: ) (Expenses $ 4, 918, 087. including grants of $ 4 , 312, 013. ) (Revenue $ 0. )

Relief_and_Early Recovery.program_(RERP)--------------------------------------

RERP is -a program funded by USAID to_provide immediate material assistance, _ _ --- _ _

healthcare, -infrastructure,- repair and sanitation in Paj(istan for a reas--- --- --- --2010.__________________________________________effected by_the_flo

--ods- -in- -010cted --

------------------------------------------------------------------

------------------------------------------------------------------

------------------------------------------------------------------Accmplishments_ Refer to Schedule O-- ---------edul --------------------------------------

------------------------------------------------------------------

------------------------------------------------------------------

------------------------------------------------------------------

4d Other program services. (Describe in Schedule O )

(Expenses $ 15, 671, 560. including grants of $ 15, 671, 560.) (Revenue $ 0.4e Total program service expenses ► 31,835,647.

BAA TEEAO1 o2 07/05/11 Form 990 (2011)

Form990 (2011) AGA KHAN FOUNDATION U.S.A. 52-1231983 Page3

Part IV Checklist of Required SchedulesYes No

1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)? If 'Yes,' completeSchedule A . . 1 X

2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? 2 X

3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidatesfor public office? If 'Yes,' complete Schedule C, Part I 3 X

4 Section 501 (c)(3) organizations Did the organization engage in lobbying activities, or have a section 501(h) electionin effect during the tax year? If 'Yes,' complete Schedule C, Part 11 4 X

5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,assessments, or similar amounts as defined in Revenue Procedure 98-197 If 'Yes,' complete Schedule C, Part 111 5

6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the rightto provide advice on the distribution or investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D,Part l 6 X

7 Did the organization receive or hold a conservation easement, including easements to preserve open space, theenvironment, historic land areas or historic structures? If 'Yes,' complete Schedule D, Part 11 7 X

8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If 'Yes,'complete Schedule D, Part Ill 8 X

9 Did the organization report an amount in Part X, line 21, serve as a custodian for amounts not listed in Part X;or provide credit counseling, debt management, credit repair, or debt negotiation services? If 'Yes,' completeSchedule D, Part IV 9 X

10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments,permanent endowments, or quasi-endowments? If 'Yes,' complete Schedule D, Part V 10 X

11 If the organization's answer to any of the following questions is 'Yes', then complete Schedule D, Parts VI, VII, VIII, IX,or X as applicable

a Did the organization report an amount for land, buildings and equipment in Part X, line 10? If 'Yes,' complete ScheduleD, Part VI 11a X

b Did the organization report an amount for investments- other securities in Part X, line 12 that is 5% or more of its totalassets reported in Part X, line 16' If 'Yes,' complete Schedule D, Part Vll 11b X

c Did the organization report an amount for investments- program related in Part X, line 13 that is 5% or more of its totalassets reported in Part X, line 16' If 'Yes,' complete Schedule D, Part VIII 11c X

d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reportedin Part X, line 16' If 'Yes,' complete Schedule D, Part IX 11d X

e Did the organization report an amount for other liabilities in Part X, line 25' If 'Yes,' complete Schedule D, Part X 11e X

f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addressesthe organization's liability for uncertain tax positions under FIN 48 (ASC 740)' If 'Yes,' complete Schedule D, Part X 11 f X

12a Did the organization obtain separate, independent audited financial statements for the tax year? If 'Yes,' completeSchedule D, Parts Xl, Xll, and Xlll . 12a X

b Was the organization included in consolidated, independent audited financial statements for the tax year? If 'Yes,' andif the organization answered 'No' to line 12a, then completing Schedule D, Parts Xl, X/l, and XIII is optional 12b X

13 Is the organization a school described in section 170(b)(1)(A)(ii)' If 'Yes,' complete Schedule E .. 13 X

14a Did the organization maintain an office, employees, or agents outside of the United States? 14a X

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising,business, investment, and program service activities outside the United States, or aggregate foreign investments valuedat $100,000 or more? If 'Yes,' complete Schedule F, Parts I and IV 14b X

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organizationor entity located outside the United States? If 'Yes,' complete Schedule F, Parts 11 and IV 15 X

16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance toindividuals located outside the United States? If 'Yes,' complete Schedule F, Parts 111 and IV 16 X

17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX,'column (A), lines 6 and 11 e ' If 'Yes,' complete Schedule G, Part I (see instructions) 17 X

18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII,lines 1 c and 8a? If 'Yes,' complete Schedule G, Part // 18 X

19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a' If 'Yes,'complete Schedule G, Part 111 19 X

20 aDid the organization operate one or more hospital facilities? If 'Yes,' complete Schedule H 20 X

b If 'Yes' to line 20a, did the organization attach a copy of its audited financial statements to this return? 20b

BAA TEEA0103 01/23/12 Form 990 (2011)

Form990(2011) AGA KHAN FOUNDATION U.S.A. 52-1231983 Page4

Part IV Checklist of Required Schedules continuedYes No

21 Did the organization report more than $5,000 of grants and other assistance to governments and organizations in theUnited States on Part IX, column (A), line 1'7 If 'Yes,' complete Schedule 1, Parts I and 11 21 X

22 Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on PartIX, column (A), line 27 If 'Yes,' complete Schedule 1, Parts I and 111 - - . . . . . 22 X

23 Did the organization answer 'Yes' to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's currentand former officers, directors, trustees, key employees, and highest compensated employees? If 'Yes,' completeSchedule J 23 X

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as ofthe last day of the year, and that was issued after December 31, 2002' If 'Yes,' answer lines 24b through 24d andcomplete Schedule K. If No, go to line 25 24a X

b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defeaseany tax-exempt bonds' - - 24c

d Did the organization act as an 'on behalf of issuer for bonds outstanding at any time during the year? 24d

25a Section 501(cx3) and 501 (cX4) organizations . Did the organization engage in an excess benefit transaction with adisqualified person during the year? If 'Yes,' complete Schedule L, Part I 25a X

b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, andthat the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If 'Yes,' completeSchedule L, Part I 25b X

26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or' ' '

ydisqualified person outstanding as of the end of the organization s tax year If Yes, complete Schedule L, Part ll 26 X

27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantialcontributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family memberof any of these persons? If 'Yes,' complete Schedule L, Part 111 27 X

28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IVinstructions for applicable filing thresholds, conditions, and exceptions)'

a A current or former officer, director, trustee, or key employee? If 'Yes,' complete Schedule L, Part IV 28a X

b A family member of a current or former officer, director, trustee, or key employee? If 'Yes,' completeSchedule L, Part IV 28b X

c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was anofficer, director, trustee, or direct or indirect owner? If 'Yes,' complete Schedule L, Part IV 28c X

29 Did the organization receive more than $25,000 in non-cash contributions? If 'Yes,' complete Schedule M 29 X

30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservationcontributions? If 'Yes,' complete Schedule M 30 X

31 Did the organization liquidate, terminate, or dissolve and cease operations? If 'Yes,' complete Schedule N, Part 1 31 X

32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If 'Yes,' completeSchedule N, Part ll 32 X

33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections301 7701-2 and 301 7701-3? If 'Yes,' complete Schedule R, Part 1 33 X

34 Was the organization related to any tax-exempt or taxable entity? If 'Yes,' complete Schedule R, Parts ll, 111, IV, and V,line 1 34 X

35a Did the organization have a controlled entity within the meaning of section 512(b)(13)' 35a X

b Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaningof section 512(b)(13)' If 'Yes,' complete Schedule R, Part V, line 2 - 35b X

36 Section 501(cx3) organizations . Did the organization make any transfers to an exempt non-charitable relatedorganization? If 'Yes,' complete Schedule R, Part V, line 2 - 36 X

37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that istreated as a partnership for federal income tax purposes? If 'Yes,' complete Schedule R, Part VI 37 X

38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 and 19?Note . All Form 990 filers are required to complete Schedule 0 38 X

BAA Form 990 (2011)

TEEAO104 01/23/12

Form990 (2011) AGA KHAN FOUNDATION U.S.A. 52-1231983 Pages

Part V Statements Regarding Other IRS Filings and Tax ComplianceCheck if Schedule 0 contains a response to any question in this Part V

Yes No

1 a Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable 1 a 14

b Enter the number of Forms W-2G included in line 1 a Enter -0- if not applicable ... 1 b 0

c Did the organization comply with backup withholding rules for reportable payments to vendors(gambling) winnings to prize winners?

and reportable gaming1 c X

2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax State-ments, filed for the calendar year ending with or within the year covered by this return 21 1 45

b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b X

Note . If the sum of lines la and 2a is greater than 250, you may be required to e-file (see instructions)

3a Did the organization have unrelated business gross income of $1,000 or more during the year? 3a X

b If 'Yes' has it filed a Form 990-T for this year? If No,' provide an explanation in Schedule 0 3b

4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, afinancial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a X

b If 'Yes,' enter the name of the foreign country: 1,

See instructions for filing requirements for Form TD F 90-22 1, Report of Foreign Bank and Financial Accounts.

5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax years 5a X

b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b X

c If 'Yes,' to line 5a or 5b, did the organization file Form 8886-T' 5c

6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organizationsolicit any contributions that were not tax deductible? 6a X

b If 'Yes,' did the organization include with every solicitation an express statement that such contributions or gifts werenot tax deductible 6b

7 Organizations that may receive deductible contributions under section 170(c).

a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods andservices provided to the payor 7a X

b If 'Yes,' did the organization notify the donor of the value of the goods or services provided? 7b X

c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to fileForm 8282? 7c X

d If 'Yes,' indicate the number of Forms 8282 filed during the year I 7d1

e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 7e X

f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 71`1 X

g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899as required? 7 g I

h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file aForm 1098-C' - 7h

8 Sponsoring organizations maintaining donor advised funds and section 509(aX3) supporting organizations . Did thesupporting organization, or a donor advised fund maintained by a sponsoring organization, have excess businessholdings at any time during the year?

9 Sponsoring organizations maintaining donor advised funds.

a Did the organization make any taxable distributions under section 4966?

b Did the organization make a distribution to a donor, donor advisor, or related person?

10 Section 501(c)(7) organizations . Enter

a Initiation fees and capital contributions included on Part VIII, line 12 10a

b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b

11 Section 501(cx12) organizations. Enter

a Gross income from members or shareholders ^ 11a

b Gross income from other sources (Do not net amounts due or paid to other sourcesagainst amounts due or received from them) 11 b

12a Section 4947(ax1) non-exempt charitable trusts . Is the organization filing Form 990 in lieu of Form 1041 ?

b If 'Yes,' enter the amount of tax-exempt interest received or accrued during the year 12b

13 Section 501(cX29) qualified nonprofit health insurance issuers.

a Is the organization licensed to issue qualified health plans in more than one state?

Note . See the instructions for additional information the organization must report on Schedule 0

b Enter the amount of reserves the organization is required to maintain by the states inwhich the organization is licensed to issue qualified health plans 13b

c Enter the amount of reserves on hand 13c

14a Did the organization receive any payments for indoor tanning services during the tax year?

b If 'Yes,' has it filed a Form 720 to report these payments' If 'No,' provide an explanation in Schedule 0

9a

9b

12a

13a

14a X

14b

BAA TEEAO1 O5 07/05/11 Form 990 (2011)

Form 990 (2011 ) AGA KHAN FOUNDATION U. S. A. 52-1231983

Part VI I Governance, Management and Disclosure For each 'Yes' response to lines 2 through 7b below, and fora 'No' response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes inSchedule 0. See Instructions.Check if Schedule 0 contains a response to any question in this Part VI Xn

Section A. Governing Body and Management

Yes No

1 a Enter the number of voting members of the governing body at the end of the tax year 1 a 10If there are material differences in voting rights among membersof the governing body, or if the governing body delegated broadauthority to an executive committee or similar committee, explain in Schedule 0

b Enter the number of voting members included in line 1 a, above, who are independent 1 b 10

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any otherofficer, director, trustee or key employee? .. 2 X

3 Did the organization delegate control over management duties customarily performed by or under the direct supervisionof officers, directors or trustees, or key employees to a management company or other person? 3 X

4 Did the organization make any significant changes to its governing documents

since the prior Form 990 was filed? . . . .. 4 X

5 Did the organization become aware during the year of a significant diversion of the organization's assets' 5 X

6 Did the organization have members or stockholders? 6 X

7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or moremembers of the governing body? 7a X

b Are any governance decisions of the organization reserved to (or subject to approval by) members,stockholders, or other persons other than the governing body? 7b X

8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year bythe following

a The governing body' 8a X

b Each committee with authority to act on behalf of the governing body? 8b X

9 Is there any officer, director or trustee, or key employee listed in Part VII, Section A, who cannot be reached at theorganization's mailing address If 'Yes,' provide the names and addresses in Schedule 0 9 X

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)Yes No

10a Did the organization have local chapters, branches, or affiliates? 10a X

b If 'Yes,' did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure theiroperations are consistent with the organization's exempt purposes? 10b

11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? 11 a X

b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990

12a Did the organization have a written conflict of interest policy? If 'No,' go to line 13 12a X

b Were officers, directors or trustees, and key employees required to disclose annually interests that could give riseto conflicts? 12b -X

c Did the organization regularly and consistently monitor and enforce compliance with the policy? If 'Yes,' describe inSchedule 0 how this is done 12c X

13 Did the organization have a written whistleblower policy? 13 X

14 Did the organization have a written document retention and destruction policy? 14 X

15 Did the process for determining compensation of the following persons include a review and approval by independentpersons, comparability data, and contemporaneous substantiation of the deliberation and decision?

a The organization's CEO, Executive Director, or top management official 15a X

b Other officers of key employees of the organization 15b X

If 'Yes' to line 15a or 15b, describe the process in Schedule 0 (See instructions )

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with ataxable entity during the year? .

b If 'Yes,' did the organization follow a written policy or procedure requiring the organization to evaluate itsparticipation in joint venture arrangements under applicable federal tax law , and taken steps to safeguard theoraamzation 's exempt status with respect to such arrangements'

Section C. Disclosure

16al I X

17 List the states with which a copy of this Form 990 is required to be filed------------------------------

18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990 -T (501 (c)(3)s only) available for publicinspection Indicate how you make these available Check all that apply

© Own website 11 Another's website Xq Upon request

19 Describe in Schedule 0 whether (and if so, how) the organization makes its governing documents , conflict of interest policy, and financial statements available tothe public during the tax year

20 State the name , physical address, and telephone number of the person who possesses the books and records of the organization-

', AGAKHANFOUNDATIONU . S.A 1825 K STREET NW , SUITE 901 WASHINGTON D . C. DC 20006 (202) 293-2537----------------------------------------------------------------

BAA TEEA0106 01/23/12 Form 990 (2011)

Form 990 (2011 ) AGA KHAN FOUNDATION U.S.A. 52-1231983 Part VII Compensation of Officers , Directors , Trustees , Key Employees , Highest Compensated Employees, and

Independent ContractorsCheck If Schedule 0 contains a response to any question in this Part VII El

Section A. Officers , Directors , Trustees, Key Employees , and Highest Compensated Employees

1 a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within theorganization's tax year.

• List all of the organization 's current officers directors, trustees (whether individuals or organizations), regardless of amount ofcompensation Enter -0- in columns (D), (E), and (F') if no compensation was paid

• List all of the organization' s current key employees, if any See instructions for definition of 'key employee'

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) whoreceived reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and anyrelated organizations.

• List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 ofreportable compensation from the organization and any related organizations

• List all of the organization ' s former directors or trustees that received, in the capacity as a former director or trustee of theorganization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors, institutional trustees, officers, key employees; highest compensatedemployees; and former such persons

n Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee

(C)(A) (B)

(doPm ren

not check more than one box.(D) (E) (F)

Name and title Average unless person is bothth an officer Reportable Reportable Estimatedhours

per weekand a director / trustee ) compensation from

th tcompensation from

l d ttamount of other

t(describe , - 0

e organiza ionW-2/1t199 MISC)

re organiza ionsa e2/1099 MISC)W

compensa ionfrom th

hours for,

-2- 2( - ( - - e

organizat ionrelated

organiza-R , m

_` v4.^

n and relatedt

Lions in = °- - a 3organiza ions

Schedule 5 - ^0) r -

^7

i s

(1) HIS HIGHNESS SHAH KARIM---------------------

AL-HUSSEINI AGA KAHN, CHAIRMAN 1.00 X 0. 0. 0.

(2) PRINCE AMYNAGAKHAN

DIRECTOR 1.00 X 0. 0. 0.

-(3) MAITRE ANDRE ARDOIN--------------------

DIRECTOR 1.00 X 0. 0. 0.

(4) GUILLAME DE SPOELBERCH---------------------

DIRECTOR 1.00 X 0. 0. 0.

(5) MOHAMED ASHRAF-RAMJI- -- -----------------

SECRETARY / TREASURER 1.00 X 0. 0. 0.

(6)- DR.- MIRZA-JAHANI------------------CHIEF EXECUTIVE OFFICER 40.00 X 231,219. 0. 34,511.

-(7) CHARLES SHEERIN--------------------

DIRECTOR OF COMMUNICATIONS 40.00 X 135,824. 0. 4,981.

(8)-MS.

-JOANNE TROTTER- - - -- - -

OF PROGRAMSDIRECTOR 40.00 X 132,463. 0. 17 , 396.

-(9) NOORDIN MOLOO--------------------

CHIEF FINANCIAL OFFICER 40.00 X 150,356. 0. 9,962.

(10)-MR.- IQBAL -NOOR ALI------------------

1FORMER CHIEF EXCEUTIVE OFFICER 4 0.00 X 0. 220, 063. 34 , 110.(11)-------------------

(12)-------------------

(13)-------------------

(14)

BAA TEEAO1o7 07/06/11 Form 990 (2011)

Form 990 (2011 ) AGA KHAN FOUNDATION U.S.A. 52-1231983

Part VII I Section A. Officers, Directors, Trustees, Key Employees, and Hi hest Compensated Employ es (cont)

(it(A) (B)

Positon(do not check more than one (D) (E) (F)

Name and bUe Average box, unless person is both an Reportable Reportable Estimatedhours officer and a director/trustee) compensation from

th tcompensation from

anizationsdlamount of othercom tper

week is = me organiza ion

(W 2/1099-MISCorgre ate

2n099-MISC)Wpensa ion

from thed b

gL 1 , 3 1O

o - ) ( -t( escri . -

o 3organiza ion

ea

c m m3 - m

and relatedhours c

0io

°organizations

for D°

morelated m 3organs-

D

mzatlons

inm N J

Sch O)

rs)-------------------------

n^)-------------------------

DD-------------------------

(18)--------------------------

(19)---------------------------

(20)--------------------------

(21)

(22)----------------------------

()----------------------------

(24)--------------------------

(25)

1bSub-total ' 649, 862. 220, 063. 100, 960.c Total from continuation sheets to Part VII, Section A

d Total (add lines 1 b and 1 c) 649, 862. 220, 063. 100, 960.2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation

from the organization 0' 4

No

3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employeeon line 1 a If 'Yes,' complete Schedule J for such individual 3 X

4 For any individual listed on line 1 a , is the sum of reportable compensation and other compensation fromthe organization and related organizations greater than $150,000? If 'Yes' complete Schedule J forsuch individual 4 X

5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or individualfor services rendered to the organization" If Yes,' complete Schedule J for such person 5 X

Section B. Independent Contractors1 Complete this table for your five hlohest compensated Independent contractors that received more than $100.000 of

compensation from the organization Report com pensation for the calendar year end in with or within the organization's tax year.

(A)Name and business address

(B)Description of services

(C)Compensation

2 Total number of independent contractors (including but not limited to those listed above) who received more than

$100,000 in compensation from the organization

BAA TEEA0108 07/06/11 Form 990 (2011)

Form990 (2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page9Part VIII Statement of Revenue

- -(A)

Total revenue Related or UnrelatedRevenueexempt business excluded from tax

function revenue under sectionsrevenue 512, 513, or 514

1 a Federated campaigns . . 1 a

g , b Membership dues . 1 b

yQ c Fundraising events - lc 5,876,820.

t d Related organizations 1 d 2 844,500.

4/i N e Government grants (contributions) 1 e 12 , 722,041.o'"W f All other contributions, gifts, grants, and

m 1- similar amounts not included above 1 f 10, 080,333.E0_

L)

g Noncash contributions included in Ins ]a-If. $-4, 618,701.

h Total. Add lines la-lf ► 31,523,694.W Business Code

2a------------------

bV_ C

d- - - - - - - - - - - - - - - - - -

e ____________o f All other program service revenue

Total. Add lines 2a-2f ►

3 Investment income (including dividends, interest andother similar amounts) ► -515,995. 0. 0. -515,995.

4 Income from investment of tax-exempt bond proceeds ►5 Royalties ►

(i) Real (ii) Personal

6a Gross rents

b Less rental expenses

c Rental income or (loss)

d Net rental income or (loss) ►

7a Gross amount from sales of (i) Securities (n) Other

assets other than inventory

b Less cost or other basisand sales expenses

c Gain or (loss)

d Net gain or (loss) ►

8a Gross income from fundraising events(not including $ 5,87 6, 820.

W of contributions reported on line lc)

See Part IV, line 18 a 28,962.b Less: direct expenses b 757,474.

° c Net income or (loss) from fundraising events ► -728,512. 0. -728,512.

9a Gross income from gaming activitiesSee Part IV, line 19 a

b Less- direct expenses b

c Net income or (loss) from gaming activiti es ►

10a Gross sales of inventory, less returnsand allowances a

b Less, cost of goods sold b

c Net income or (loss) from sales of inventory ►Miscellaneous Revenue Business Code

11a------------------

b------------------

c-------------------

d All other revenue

e Total . Add lines l la-11d ►12 Total revenue . See instructions ► 30, 279, 187. 0. 0. -1, 244, 507.

BAA A0109 07/06/11 Form 990 (2011)

Form 990 (2011 ) AGA KHAN FOUNDATION U.S.A. 52-1231983 Part IX Statement of Functional ExpensesSection 501(c)(3) and 501(c)(4) organizations must complete all columns.All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).

Check if Schedule 0 contains a response to any question in this Part IX

Do not include amounts reported on lines6b, 7b, 8b, 9b, and 10b ofPart V///.

Total exxpenses

BProgram service

expenses

CManagement andgeneral expenses

DFundraisingexpenses

1 Grants and other assistance to governmentsand organizations in the United States. SeePart IV, line 21 .. 495, 793. 495, 793.

2 Grants and other assistance to individuals inthe United States See Part IV, line 22 156, 021. 156,021.

3 Grants and other assistance to governments,organizations, and individuals outside theUnited States. See Part IV, lines 15 and 16 31, 183, 833. 31, 183, 833.

4 Benefits paid to or for members5 Compensation of current officers, directors,

trustees, and key employees 649, 862. 0. 649, 862. 0.6 Compensation not included above, to

disqualified persons (as defined undersection 4958(0(1)) and persons describedin section 4958(c)(3)(8) , 448, 940. 62, 127. , 286, 813. .

7 Other salaries and wages

8 Pension plan accruals and contributions(include section 401(k) and section 403(b)employer contributions) 108, 429. 0. 108, 429. 0.

9 Other employee benefits 207,104. 0. 207,104. 0.

10 Payroll taxes 148, 365. 0. 148, 365. 0.11 Fees for services (non-employees)

a Management

bLegal - 73,967. 0. 73,967

-

0.c Accounting 104, 650. 0. 104, 650. 0.d Lobbying

e Professional fundraising services See Part IV, line 17

f Investment management fees

g Other .

12 Advertising and promotion

13 Office expenses 381, 571. 0. 318, 626. 62,945.14 Information technology 58 , 725. 0. 58,725. 0.15 Royalties

16 Occupancy 340, 108. 0. 340, 108. 0.17 Travel 129, 300. 0. 129, 300. 0.18 Payments of travel or entertainment

expenses for any federal, state, or localpublic officials

19 Conferences, conventions, and meetings - 8,560. 0. 8,560. 0.20 Interest

21 Payments to affiliates

22 Depreciation, depletion, and amortization 1,307,216. . 1, 257, 703. 49, 513. 0.23 Insurance24 Other expenses. Itemize expenses not

covered above (List miscellaneous expensesin line 24e If line 24e amount exceeds 10%of line 25, column (A) amount, list line 24eexpenses on Schedule O )

a----------------------bDOUBTFUL PLEDGE EXPENSE----------------------

166,870. 0. 166,870. 0.

c FEES, TAXES -AND-LICENSES _ _ _---- - ------

842, 257. 0. 842, 257. 0.

d------------------- ---

e All other expenses

25 Total functional expenses. Add lines 1 through 24e 37, 811, 571. 33, 255, 477. 4, 493, 149. 62, 945.

26 Joint costs. Complete this line only ifthe organization reported in column (B)joint costs from a combined educationalcampaign and fundraising solicitation

Check here ► 0 if following

SOP 98-2 (ASC 958-720)

BAA Form 990 (2011)

TEEAO110 01/26/12

Form990(2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Part X Balance Sheet

(A) (B)Beginning of year End of year

1 Cash - non-interest-bearing 1,000. 1 1,000.2 Savings and temporary cash investments - 53, 985, 648. 2 50,996,737.

3 Pledges and grants receivable, net - - 35, 166, 960. 3 24, 019, 940.

4 Accounts receivable, net - - 102, 101. 4 7, 660.

5 Receivables from current and former officers, directors, trustees, key employees,and highest compensated employees. Complete Part II of Schedule L 5

6 Receivables from other disqualified persons (as defined under section 4958(f)(1)),persons described in section 4958(c)(3)(B), and contributing employers andsponsoring organizations of section 501 (c)(9) voluntary employees' beneficiaryorganizations (see instructions) 6

A7 Notes and loans receivable, net 7

E 8 Inventories for sale or use 8T

9 Prepaid expenses and deferred charges 107,315. 9 70,898.

10a Land, buildings, and equipment: cost or other basisComplete Part VI of Schedule D 10 a 87,770,173.

b Less, accumulated depreciation 10b 13, 448 825. 75, 628, 564. 10c 74, 321, 348.11 Investments - publicly traded securities 11

12 Investments - other securities See Part IV, line 11 8, 649, 772. 12 10, 633, 336.

13 Investments - program-related See Part IV, line 11 13

14 Intangible assets 14

15 Other assets See Part IV, line 11 15

16 Total assets. Add lines 1 throug h 15 (must equal line 34) 173, 641, 360. 16 160 050, 919.

17 Accounts payable and accrued expenses 1,609,420. 17 1,278,766.18 Grants payable 6, 289, 070. 18 1,890,127.19 Deferred revenue 3, 696 898. 19 2,368,438.

L 20 Tax-exempt bond liabilities 20

A 21 Escrow or custodial account liability Complete Part IV of Schedule D 21B1

22 Payables to current and former officers, directors, trustees, key employees,L highest compensated employees, and disqualified persons Complete Part IIT of Schedule L 22

23 Secured mortgages and notes payable to unrelated third parties 23

s 24 Unsecured notes and loans payable to unrelated third parties 24

25 Other liabilities (including federal income tax, payables to related third parties,and other liabilities not included on lines 17-24) Complete Part X of Schedule D 25

26 Total liabilities . Add lines 17 through 25 11, 595, 388. 26 5 , 537,331.

E Organizations that follow SFAS 117, check here ► LX] and complete lines

T 27 through 29 and lines 33 and 34.

A 27 Unrestricted net assets - 130 875, 292. 27 131, 589, 396.

ET

28 Temporarily restricted net assets - 31, 170, 680. 28 22,924,192.

s 29 Permanently restricted net assets - - - 29

R Organizations that do not follow SFAS 117, check here ► 11and complete

Fu lines 30 through 34.

0 30 Capital stock or trust principal, or current funds 30

A 31 Paid-in or capital surplus, or land, building, or equipment fund 31

A 32 Retained earnings, endowment, accumulated income, or other funds 32

E 33 Total net assets or fund balances 162, 045, 972. 33 154, 513, 588 .

s 34 Total liabilities and net assets/fund balances 173, 641, 360. 34 160, 050, 919.

BAA Form 990 (2011)

TEEA0111 07/06/11

Form990 (2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page12Part XI Reconciliation of Net Assets

Check if Schedule 0 contains a response to any question in this Part XI F1

1 Total revenue (must equal Part VIII, column (A), line 12) 1 30,279,187.

2 Total expenses (must equal Part IX, column (A), line 25) 2 37,811,571.

3 Revenue less expenses . Subtract line 2 from line 1 3 -7,532,384.

4 Net assets or fund balances at beginning of year (must equal Part X, line 33 , column (A)) 4 162, 045, 972 .

5 Other changes in net assets or fund balances (explain in Schedule 0) . . . . 5

6 Net assets or fund balances at end of year Combine lines 3, 4, and 5 (must equal Part X, line 33,column (B)) 6 154, 513, 588.

Part XII Financial Statements and ReportingCheck if Schedule 0 contains a response to any question in this Part XII

Yes No

1 Accounting method used to prepare the Form 990 . [] Cash Accrual Other

If the organization changed its method of accounting from a prior year or checked ' Other ,' explainin Schedule O.

2a Were the organization ' s financial statements compiled or reviewed by an independent accountant? 2a X

b Were the organization ' s financial statements audited by an independent accountant? 2b X

c If 'Yes' to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,review , or compilation of its financial statements and selection of an independent accountant? 2c X

If the organization changed either its oversight process or selection process during the tax year, explainin Schedule 0

d If 'Yes' to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on aseparate basis, consolidated basis, or both

XX Separate basis n Consolidated basis n Both consolidated and separate basis

3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the SingleAudit Act and OMB Circular A-1337 3a X

b If 'Yes,' did the organization undergo the required audit or audits? If the organization did not undergo the required auditor audits, explain why in Schedule 0 and describe any steps taken to undergo such audits 3b X

BAA Form 990 (2011)

TEEA0112 07/06/11

SCHEDULE A(Form 990 or 990-EZ)

Department of the TreasuryInternal Revenue Service

Public Charity Status and Public SupportComplete if the organization is a section 501(cx3) organization or a section

4947(a)(1) nonexempt charitable trust

Attach to Form 990 or Form 990-Q. ► See separate instructions.

OMB No 1545-0047

2011

Open to PublicInspection

Name of the organzation Employer identification number

AGA KHAN FOUNDATION U.S.A. 52-1231983

Part I Reason for Public Charity Status (All organizations must complete this part.) See instructions.The organization is not a private foundation because it is- (For lines 1 through 11, check only one box )

1 A church, convention of churches or association of churches described in section 170(bx1XAXi).

2 A school described in section 170(bX1XAXii). (Attach Schedule E.)

3 A hospital or a cooperative hospital service organization described in section 170(bx1XA)(ii).

4 A medical research organization operated in conjunction with a hospital described in section 170(b)(lXAXii) Enter the hospital's

name, city, and state: _____________________________________________5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section

170(b)(1XAXiv). (Complete Part II.)

6 A federal, state, or local government or governmental unit described in section 170(bX1XAXv).7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public described

in section 170(bX1XAXvi). (Complete Part II) -8 q A community trust described in section 170(b)(1XAXvi). (Complete Part II )

9 n An organization that normally receives (1) more than 33-1/3% of its support from contributions, membership fees, and gross receiptsfrom activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33-1/3% of its support from grossinvestment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization afterJune 30, 1975 See section 509(aX2). (Complete Part III )

10 8 An organization organized and operated exclusively to test for public safety . See section 509(aX4).

11 An organization organized and operated exclusively for the benefit of, to perform the functions of, or carry out the purposes of one ormore publicly supported organizations described in section 509(a)(1) or section 509(a)(2) See section 509(aX3). Check the box thatdescribes the type of supporting organization and complete lines 11 a through 11 h

a F]Type I b []Type II c [] Type Ill - Functionally integrated d J Type I I I - Other

e 1-1 By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified personsother than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) orsection 509(a)(2)

f If the organization received a written determination from the IRS that is a Type I, Type II or Type III supporting organization,check this box 11

Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?

Yes No() A person who directly or indirectly controls, either alone or together with persons described in (it) and (in)

below, the governing body of the supported organization? 11 g (i)

(ii) A family member of a person described in (I) above? 11 g (ii)

(iii) A 35% controlled entity of a person described in (I) or (ii) above? 11 g (ii)

Provide the following information about the supported organization(s)

n Name of supportedorganization

(ii) EIN (ul) Type of organization(described on lines 1-9above or IRC section(see instructions))

(iv) Is theorganization in

column () listed inyour governingdocument?

(v) Did you notifythe organization in

column (t) ofyour support7

(vi) Is theorganization in

column ()organized in the

US?

(vii) Amount of support

Yes No Yes No Yes No

(A)

(B)

(C)

(D)

Q

Total

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-Q. Schedule A (Form 990 or 990 -EZ) 2011

TEE40401 09/28/11

Schedule A (Form 990 or 990-EZ) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2Part II Support Schedule for Organizations Described in Sections 170(bX1XAXiv) and 170(bx1XAXvi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III If theorganization fails to qualify under the tests listed below, please complete Part III )

Section A. Public Support

Calendar year (or fiscal yearbeginning in) 1,

(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total

1 Gifts, grants, contributions, andmembership fees received (Do not

'include any unusual grants) - 91, 303, 950. 50, 171, 217. 28, 750, 432. 28, 083, 631. 31, 523, 694. 229, 832, 924 .

2 Tax revenues levied for theorganization's benefit andeither paid to or expendedon its behalf

3 The value of services orfacilities furnished by agovernmental unit to theorganization without charge

4 Total . Add lines 1 through 3 91, 303, 950. 50, 171, 217. 28, 750, 432. 28, 083, 631. 31, 523, 694. 229, 832, 924.

5 The portion of totalcontributions by each person(other than a governmentalunit or publicly supportedorganization) included on line 1that exceeds 2% of the amountshown on line 11, column (f)

6 Public support. Subtract line 5from line 4 229, 832, 924.

Section B. Total Support

Calendar year (or fiscal yearbeginning in)

7 Amounts from line 4

8 Gross income from interest,dividends, payments receivedon securities loans, rents,royalties and income fromsimilar sources

9 Net income from unrelatedbusiness activities , whether ornot the business is regularlycarried on

10 Other income Do not includegain or loss from the sale ofcapital assets (Explain inPart IV)

11 Total suprt. Add lines 7through 1 90

(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total

91,303,950. 50, 28,083,631 . 31,

2,045,273. 1,863,315. 177,511. 199,722. -515,995. 3,769,826.

13,879. 31,946 . 20,251. 8,848 . 28,962. 103 886.

233,706,636.12 Gross receipts from related activities, etc (see instructions) 12

13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)organization, check this box and stop here ► n

Section C . Computation of Public Support Percentage14 Public support percentage for 2011 (line 6, column (f) divided by line 11, column (f))

15 Public support percentage from 2010 Schedule A, Part II, line 14

98.34%1 15 1 97.64%

16a 33-1/3% support test - 2011 . If the organization did not check the box on line 13, and the line 14 is 33-1/3% or more, check this boxand stop here . The organization qualifies as a publicly supported organization 111^

R]

b 33-1 /3% support test - 2010. If the organization did not check a box on line 13 or 16a, and line 15 is 33-1/3% or more, check this box qand stop here . The organization qualifies as a publicly supported organization

17a 10%-facts-and -circumstances test - 2011 . If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10%or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here . Explain in Part IV how qthe organization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization

b 10%.facts -and-circumstances test - 2010 . If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10%or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here . Explain in Part IV how theorganization meets the 'facts-and-circumstances' test The organization qualifies as a publicly supported organization No.

18 Private foundation . If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions No.

BAA

lEEA0402 05/25/11

Schedule A (Form 990 or 990-EZ) 2011

Schedule A (Form 990 or 990-EZ) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3Part III Support Schedule for Organizations Described in Section 509(aX2)

(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II If the organization failsto qualify under the tests listed below , please com plete Pa rt II.)

Section A. Public SupportCalendar year (or fiscal yr beginning in) - (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total

1 Gifts, grants, contributionsand membership feesreceived (Do not includeany 'unusual grants ')

2 Gross receipts from admis-sions, merchandise sold orservices performed, or facilitiesfurnished in any activity that isrelated to the organization'stax-exempt purpose

3 Gross receipts from activitiesthat are not an unrelated tradeor business under section 513

4 Tax revenues levied for theorganization's benefit andeither paid to or expended onits behalf

5 The value of services orfacilities furnished by agovernmental unit to theorganization without charge

6 Total . Add lines 1 through 57a Amounts included on lines 1,

2, and 3 received fromdisqualified persons

b Amounts included on lines 2and 3 received from other thandisqualified persons thatexceed the greater of $5,000 or1 % of the amount on line 13for the year

c Add lines 7a and 7b

8 Public support (Subtract line7c from line 6 )

Section B. Total SupportCalendar year ( or fiscal yr beginning in) ► (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total

9 Amounts from line 610a Gross income from interest,

dividends, payments receivedon securities loans, rents,royalties and income fromsimilar sources

b Unrelated business taxableincome (less section 511taxes) from businessesacquired after June 30, 1975

c Add lines 10a and 10b11 Net income from unrelated business

activities not included in line 10b,whether or not the business isregularly carried on

12 Other income . Do not includegain or loss from the sale ofcapital assets (Explain inPart IV )

13 Total support. (Ada ins 9, 1i ,11, and 12)

14 First five years . If the Form 990 is for the organization 's first , second, third, fourth, or fifth tax year as a section 501 (c)(3)organization , check this box and stop here ► n

Section C . Computation of Public Support Percentaae15 Public support percentage for 2011 (line 8, column (f) divided by line 13, column (f)) 15 %

16 Public support percentage from 2010 Schedule A, Part III, line 15 16 %

Section D. Computation of Investment Income Percentage

17 Investment income percentage for 2011 (line 10c, column (f) divided by line 13, column (f)) 17 %

18 Investment income percentage from 2010 Schedule A, Part III, line 17 18 %

19a 33-113% support tests - 2011 . If the organization did not check the box on line 14, and line 15 is more than 33-1/3%, and line 17 qis not more than 33-1/3%, check this box and stop here . The organization qualifies as a publicly supported organization ►

b 33-113%a support tests - 2010 . If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33-1/3%, andline 18 is not more than 33-1/3%, check this box and stop here . The organization qualifies as a publicly supported organization ►

20 Private foundation . If the oroanizatlon did not check a box on line 14. 19a. or 19b. check this box and see instructions ► HBAA TEEA0403 05/25111 Schedule A (Form 990 or 990-EZ) 2011

Schedule A (Form 990 or 990-EZ) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 4Part IV Supplemental Information . Complete this part to provide the explanations required by Part II, line 10;

Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information.(See instructions).

Other Income relates to_the merchandise income_Qenerated------------------ ---------------

at-the_fund-raising_events.

Other Income Part II, Line 10---------------------------------------------------------------------

Description_ Merchandise-income at fundraising -events----- ---------------------------

2007:13879 ---------------------------------------------------------------------

2008:31946 ---------------------------------------------------------------------

2009:20251 ---------------------------------------------------------------------

2010:8848 ----------------------------------------------------------------------

2011:28962 ----------------------------------------------------------------------

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BAA Schedule A (Form 990 or 990-EZ) 2011

TEEA0404 05/25/11

OMB No i sas-0047SCHEDULE C(Form 990) Supplemental Financial Statements 2011

► Complete if the organization answered 'Yes, to Form 990,Department of the

Treasury Part IV , lines 6, 7, 8, 9,10 , 11 a,11 b, 11c, 11 d , 11 e,11 f, 12a, or 12b. Open to PublicInternal Revenue Service ► Attach to Form 990. ► See separate instructions . InspectionName of the organization Employer identification number


Part I I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts . Complete ifthe organization answered 'Yes' to Form 990, Part IV, line 6.

Donor advised funds I (b) Funds and other accounts

1 Total number at end of year

2 Aggregate contributions to (during year)

3 Aggregate grants from (during year)

4 Aggregate value at end of year

5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advisedfunds are the organization ' s property , subject to the organization ' s exclusive legal control? n Yes F] No

6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can beused only for charitable purposes and not for the benefit of the donor or donor advisor, or for any otherpurpose conferring impermissible private benefit? 11 Yes No

Part II Conservation Easements. Complete if the organization answered 'Yes' to Form 990, Part IV, line 7.1 Purpose(s) of conservation easements held by the organization (check all that apply)

Preservation of land for public use (e g , recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on thelast day of the tax year

Held at the End of the Tax Year

a Total number of conservation easements 2a

b Total acreage restricted by conservation easements 2b

c Number of conservation easements on a certified historic structure included in (a) 2c

d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historicstructure listed in the National Register 2d

3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during thetax year ►

4 Number of states where property subject to conservation easement is located ►

5 Does the organization have a written policy regarding the periodic monitoring , inspection, handling of violations,and enforcement of the conservation easements it holds? Yes F] No

6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year

7 Amount of expenses incurred in monitoring, inspecting , and enforcing conservation easements during the year

8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section170(h)(4)( B)(I) and section 170(h)(4)(B)(II)' F]Yes n No

9 In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, andinclude, if applicable, the text of the footnote to the organization's financial statements that describes the organization ' s accounting forconservation easements

Part III Organizations Maintaining Collections of Art , Historical Treasures , or Other Similar Assets.Complete if the organization answered 'Yes' to Form 990, Part IV, line 8.

1 a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works ofart, historical treasures , or other similar assets held for public exhibition , education , or research in furtherance of public service , provide,in Part XIV, the text of the footnote to its financial statements that describes these items

b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,historical treasures, or other similar assets held for public exhibition , education, or research in furtherance of public service , provide thefollowing amounts relating to these Items-

(i) Revenues Included in Form 990 , Part VIII, line 1 ► $

(ii) Assets Included in Form 990 , Part X ► $

2 If the organization received or held works of art , historical treasures, or other similar assets for financial gain, provide the followingamounts required to be reported under SFAS 116 (ASC 958) relating to these items

a Revenues Included in Form 990, Part VIII, line 1 ► $

b Assets included in Form 990, Part X ► $

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 . TEEA3301 05/25/11 Schedule D (Form 990) 2011

Schedule D (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets (continued)

3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collectionitems (check all that apply)

a Public exhibition d H Loan or exchange programs

b Scholarly research e Other

c Preservation for future generations

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose inPart XIV

5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similarassets to be sold to raise funds rather than to be maintained as part of the organization's collections Yes No

Part IV Escrow and Custodial Arrangements. Complete if the organization answered 'Yes' to Form 990, Part IV,line 9, or reported an amount on Form 990, Part X, line 21.

1 a Is the organization an agent , trustee , custodian, or other intermediary for contributions or other assets not'included on Form 990 , Part X n Yes F] No

b If 'Yes,' explain the arrangement in Part XIV and complete the following table-

Amount

c Beginning balance 1 C

d Additions during the year 1 d

e Distributions during the year 1 e

f Ending balance 1 f

2a Did the organization include an amount on Form 990, Part X, line 21? F]Yes F] No

b If 'Yes,' explain the arrangement in Part XIV

Part V I Endowment Funds . Comp lete if the organization answered 'Yes' to Form 990, Part IV , line 10.

1 a Beginning of year balance

b Contributions

c Net investment earnings, gains,and losses

d Grants or scholarships

e Other expenditures for facilitiesand programs

f Administrative expenses

g End of year balance

(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back

2 Provide the estimated percentage of the current year end balance (line l g, column (a)) held as

a Board designated or quasi-endowment

b Permanent endowment ► %

c Temporarily restricted endowment ► %

The percentages in lines 2a, 2b, and 2c should equal 100%

3a Are there endowment funds not in the possession of the organization that are held and administered for theorganization by: Yes No

() unrelated organizations 3a(i)

(i) related organizations 3a(ii)

b If 'Yes' to 3a(ii), are the related organizations listed as required on Schedule R? 3b

4 Describe in Part XIV the intended uses of the organization's endowment funds

Part VI Land, Buildings , and Equipment. See Form 990, Part X, line 10.Description of property (a) Cost or other basis

(investment)(b) Cost or otherbasis (other)

(c) Accumulateddepreciation

(d) Book value

1 a Land 58 , 554, 235. 58, 554, 235.bBuildings 28 , 086,061. 13, 255, 783. 14, 830, 278.

c Leasehold improvements 256, 485. 131, 063. 125, 422.dEquipment 29 523. 24 , 151. 5,372.

e Other 843, 869. 37 , 828. 806, 041.

Total . Add lines 1 a through 1 e (Column (d) must equal Form 990, Part X, column (B), line 10(c).) 101 74,321,348.

BAA Schedule D (Form 990) 2011

lEEA3302 01/16/12

Schedule D (Form 990 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3Part VII Investments - Other Securities . See Form 990, Part X, line 12.

(a) Description of security or category (b) Book value (c) Method of valuation-(includin g name of securi ty) Cost or end- of-year market value

(1) Financial derivatives

(2) Closely-held equity interests

(3) Other-----------------------

SA) Cash surrender value of gifted insurance policies 9, 910, 396. FMV

B Other securities FMV

(Q

sF------------------------_i

Total (Column (b) must equal Form 990 Part X, column (8) line 12. )

-722,940.

Part VIII Investments - Proaram Related . See Form 990. Part X. line 13.(a) Description of investment type (b) Book value (c) Method of valuation:

Cost or end - of -year market value

(1 )

(2)

(3)

(4)

(5)

(6)

(7)

(8

(9)(10)

Total . (Column b must equal Form 990, Part X, column (B) line 13 )

BAA TEFa3303 01/23/12 Schedule D (Form 990) 2011

2 FIN 48 (ASC 740) Footnote In Part XIV, provide the text of the footnote to the organization ' s financial statements that reports theorganization ' s liability for uncertain tax positions under FIN 48 (ASC 740)

Schedule D (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 5 2-1231983 Page 4Part XI I Reconciliation of Change in Net Assets from Form 990 to Audited Financial Statements

1 Total revenue (Form 990 , Part VIII, column (A), line 12) 30 , 279,187.

2 Total expenses (Form 990 , Part IX, column (A), line 25) 37,811 , 571.

3 Excess or (deficit) for the year. Subtract line 2 from line 1 .. -7,532,384.

4 Net unrealized gains (losses) on investments

5 Donated services and use of facilities .

6 Investment expenses . . .

7 Prior period adjustments

8 Other (Describe in Part XIV.) . . .

9 Total adjustments (net). Add lines 4 through 8

10 Excess or (deficit) for the year per audited financial statements Combine lines 3 and 9 -7,532,384.

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return1 Total revenue , gains , and other support per audited financial statements 1 31,315,974.

2 Amounts included on line 1 but not on Form 990, Part VIII, line 12-

a Net unrealized gains on investments 2a

b Donated services and use of facilities 2b 279 , 313.

c Recoveries of prior year grants 2c

d Other (Describe in Part XIV) 2d

e Add lines 2a through 2d 2e 279, 313.

3 Subtract line 2e from line 1 3 31, 036, 661.4 Amounts included on Form 990 , Part VIII, line 12, but not on line 1

a Investment expenses not included on Form 990, Part VIII, line 7b 4a

b Other (Describe in Part XIV) 4b -757,474.

c Add lines 4a and 4b 4c -757 , 474.

5 Total revenue Add lines 3 and 4c. (This must equal Form 990, Part line 12) 5 30,279,187.

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return1 Total expenses and losses per audited financial statements 1 38,848 , 358.

2 Amounts included on line 1 but not on Form 990 , Part IX, line 25

a Donated services and use of facilities 2a 279, 313.

b Prior year adjustments 2b

c Other losses 2c

d Other (Describe in Part XIV) 2d 757,474.

e Add lines 2a through 2d 2e 1,036,787.

3 Subtract line 2e from line 1 3 37, 811, 571.

4 Amounts included on Form 990 , Part IX, line 25 , but not on line 1:

a Investment expenses not included on Form 990 , Part VIII, line 7b 4a

b Other (Describe in Part XIV) . 4b

c Add lines 4a and 4b . . 4c

5 Total expenses . Add lines 3 and 4c. (This must equal Form 990, Part 1, line 18) 5 37,811,571.

Part XIV I Supplemental InformationComplete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines la and 4; Part IV, lines lb and 2b;Part V, line 4; Part X, line 2; Part XI, line 8, Part XII, lines 2d and 4b, and Part XIII, lines 2d and 4b Also complete this part to provideany additional information

Pt -XII-Line -4b---Fund-raising expenses--------------------------------------

Pt XIII Line 2d Fund-raising expenses---------------------- --------------------------------------

--------------------------------------------------------------------

PtILinellfThe Foundation has adopted ASC740-10 (FASB Interpretation No. 48 (FIN 48) )-V1 _ _-- - - ---------------- ------- ------- --------

_-----

_ Accounting for Uncertaininty in Income Taxes". Under ASC 740-10, the Foundation

must recognize the tax benefit associated with tax positions taken for tax return

_ _ _ _ _ _ _ _ _ _ _ _ _ _ purposes when it is more =likely than not-that the position will-be-sustained.

The adoption of ASC 740-10 had no impact on the financial statements. The

BAA TEEA3304 05/25/11 Schedule D (Form 990) 2011

Schedule D (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 5Part XIV Supplemental Information (continued)

_ _ _ _ --- --- --- _ Foundation does not believe there are any unrecognized tax benefits that

_ _ _ _ _ _ _ _ _ _ _ _ _ _ will need to be recorded.-No interest or penalties were accrued as a result

______________of the adtion of ASC_740-10._____________________-_________

BAA reEA3305 05/25/11 Schedule D (Form 990) 2011

Form 990 Statement of Activities Outside the United StatesOMB No 1545-0047

20,E ,^► Complete if the organization answered 'Yes' to Form 990, Part IV , line 14b , 15, or 16.

Department of the Treasury ► Attach to Form 990 . ► See separate instructions. Open to PublicInternal Revenue Service Inspection

Name of the organization Employer identification number


Part I General Information on Activities Outside the United States . Complete if the organization answered 'Yes'to Form 990, Part IV, line 14b.

1 For grantmakers . Does the organization maintain records to substantiate the amount of its grants and other assistance,the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? XQ Yes LI No

2 For grantmakers . Describe in Part V the organization's procedures for monitoring the use of its grants and other assistance outside theUnited States

3 Activities per Reason (The followma Part I. line 3 table can be duplicated if additional soace is needed.)

(a) Region (b) Number ofoffices in the

region

(c) Numberof employees ,agents, andindependentcontractorsin region

(d) Activities conducted inregion (by type) (e g ,fundraising , programservices, investments ,grants to recipientslocated in the region)

(e) If activity listed in(d) is a programservice, describespecific type of

service (s) in region

(f) Totalexpenditures forand investments

in region

(1)Europe 0 0 GRANT EDUCATION 407,605.

(2) Europe 0 0 GRANT INSTITUTIONAL SUPPORT 8, 974, 225.

(3) Euro 0 0 GRANT MICRO FINANCE 376,185.

(4) Russia 0 0 GRANT EDUCATION 585,775.

(5) Russia 0 0 GRANT INSTITUTIONAL SUPPORT 5,248.

(6)South Asia 0 0 GRANT CIVIL SOCIETY 1,840,456.

(7) South Asia 0 0 GRANT CULTURE 75,847.

(8) South Asia 0 0 GRANT DISASTER RESPONSE 6,498,178.

(9) South Asia 0 0 GRANT EDUCATION 3,456,305.

(10) South Asia 0 0 GRANT HEALTH 1 , 659 , 546.

(11) South Asia 0 0 GRANT MICRO FINANCE 159,661.

(12) South Asia 0 0 GRANT RURAL DEVELOPMENT 1, 121, 650.

(13) Sub-Saharan Africa 0 0 GRANT MICRO FINANCE 2 , 182 , 782.

(14) Sub-Saharan Africa 0 0 GRANT CULTURE 247,504.

(15) Sub-Saharan Africa 0 0 GRANT EDUCATION 3, 484, 323.

(16) Sub-Saharan Africa 0 0 GRANT RURAL DEVELOPMENT 90,797.

(17) Middle East 0 0 GRANT MICRO FINANCE 17,748.

3a Sub -total 0 0 31, 183, 835.

b Total from continuationsheets to Part 1 0 0.

c Totals ( add lines 3a and 3b ) 0 0 31,183,835.

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule F (Form 990) 2011

TEEA3501 01/17/12

Schedule F Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2

Part II Grants and Other Assistance to Organizations or Entities Outside the United States . Complete if the organization answered 'Yes' toForm 990, Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ►j.Part II can be duplicated if additional space is needed.

1(a) Name of organization

(b) IRS codesection and EIN

(if applicable )

(^) Region (d) Purposeof grant

(e) Amount ofcash grant

(f) Mannerof cash

disbursement

(g) Amount ofnon-cashassistance

(h) Description ofnon-cashassistance

(1) Methodof valuation(book, FMV,

appraisal , other)

1 Europe EDUCATION 407 605. WIRE TRANSFER

Europe INSTITUTIONAL S 8 , 974 , 225 . WIRE TRANSFER

(3) Europe MICRO FINANCE 376 , 185. WIRE TRANSFER

(4) Russia EDUCATION 585 775 . WIRE TRANSFER

(5) Russia INSTITUTIONAL S 5,248. WIRE TRANSFER

(6) South Asia CIVIL SOCIETY 1,840 , 456 . WIRE TRANSFER

South Asia CULTURE 75 , 847. WIRE TRANSFER

(8) South Asia DISASTER RESPON 6 , 498 , 178. WIRE TRANSFER

9 South Asia EDUCATION 3 , 456 , 305. WIRE TRANSFER

(10) South Asia HEALTH 1 1 659 , 546. WIRE TRANSFER

11 South Asia MICRO FINANCE 159 661. WIRE TRANSFER

(12) South Asia RURAL DEVELOPME 1 , 121 , 650. WIRE TRANSFER

(13) Middle East MICRO FINANCE 17 , 748. WIRETRASNFER

(14) Sub-Saharan Africa CULTURE 247 504. WIRE TRANFER

(15) Sub - Saharan Africa EDUCATION 3 484, 323. WIRE TRANSFER

(16) Sub-Saharan Africa CIVIL SOCIETY 90 , 797. WIRE TRANSFER

2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for whichthe grantee or counsel has provided a section 501(c)(3) equivalency letter No. 17

3 Enter total number of other organizations or entities 110.

BAA Schedule F (Form 990) 2011

TEEA3502 05/26/11

Schedule F Cont (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Continuation Page 1 Of 1

Part ii I uonunuation OT (grants ana utner Assistance to ur anizations or tntities uutsiae the unitea states . z>cneaule t- corm vvu , hart ii, line

1 (a) Name of organization (b) IRS codesection and EIN

(if applicable)

(c) Region (d) Purposeof grant

(e) Amount ofcash grant

(f) Mannerof cash

disbursement

(g) Amountof non-cashassistance

(h) Descriptionof non-cashassistance

(i) Method ofvaluation

(book, FMV,appraisal,

other)

Sub-Saharan Africa MICRO FINANCE 2,182 , 782. WIRETRANSFER

TEEA3602 08/25/11 Schedule F Cont (Form 990) 2011

Schedule F Form 990 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3

Part III Grants and Other Assistance to Individuals Outside the United States . Complete if the organization answered 'Yes' to Form 990,Part IV, line 16. Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance (b) Region (c) Numberof recipients

(d) Amount ofcash grant

(e) Mannerof cash

disbursement

(f) Amount ofnon-cash assistance

(g) Description ofnon-cash assistance

(h) Methodof valuation(book, FMV,

appraisal, other)

1

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

(1 7)

(18)

BAA Schedule F (Form 990) 2011

TEEA3503 05/26/11

Schedule F (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 4Part IV Foreign Forms

1 Was the organization a U S. transferor of property to a foreign corporation during the tax year? If 'Yes,' theorganization may be required to file Form 926, Return by a U S. Transferor of Property to a ForeignCorporation (see Instructions for Form 926) 11 Yes No

2 Did the organization have an interest in a foreign trust during the tax year? If 'Yes,' the organization may berequired to file Form 3520, Annual Return To Report Transactions with Foreign Trusts and Receipt of CertainForeign Gifts , and/or Form 3520-A Annual Information Return of Foreign Trust With a US Owner (see

NoInstructions for Forms 3520 and 3520-A) . . Li Yes X&

3 Did the organization have an ownership interest in a foreign corporation during the tax year? If 'Yes,' theorganization may be required to file Form 5471 , Information Return of U S Persons With Respect To CertainForeign Corporations (see Instructions for Form 5471) 11 Yes X No

4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualifiedelecting fund during the tax year? If 'Yes,' the organization may be required to file Form 8621 , InformationReturn by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund (seeInstructions for Form 8621) E]Yes No

5 Did the organization have an ownership interest in a foreign partnership during the tax year? If 'Yes,' theorganization may be required to file Form 8865, Return of U S. Persons With Respect To Certain ForeignPartnerships . (see Instructions for Form 8865) F]Yes X No

6 Did the organization have any operations in or related to any boycotting countries during the tax year'If 'Yes,' the organization may be required to file Form 5713, International Boycott Report (see Instructionsfor Form 5713) 11 Yes X] No

BAA TEEA3505 01/17112 Schedule F (Form 990) 2011

Schedule F (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 5Part V Supplemental Information

Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line3, column (f) (accounting method; amounts of investments vs expenditures per region); Part II, line 1(accounting method); Part III (accounting method); and Part III, column (c) (estimated number ofrecipients), as applicable. Also complete this part to provide any additional information (see instructions).

Pt _I Line 2 _ _ _ _ _AKF USA has the followiny_procedures in place for monitoring _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _the_ use of grant_ funds _outside_the-United States---------------------

_ - _ __ Grant _Areements and Memorandums _of_ Understanding_are_siyned _ - _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ __with_all_implementing_eartners_ in the field outlining their _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _obligations and responsibilities vis-a-vis use of yranted_ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _US Government-and/or private foundation - funds;

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Implementing partners submit at a minimum, _quarterly financial and

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _narrative -reports. These reports are analyzed at _the_AKF_USA _ _ _ - _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _office for internal descrepancies and for any disallowable _ _ _ _ - _ _ _

---------------s^ending_or activities=-----------------------------------

_________---- ----Responsible-officers-from AKF USA visit implementinq partners

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _in the field-to engage _on grant compliance . _The_ freguency_or timing -

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _of these-visits is determined by the nature-of a particular _ _ _ _ _ _ _

.. .... ... .... .. grant and the-internal monitoring capacities _of_ a particular

_ _ _ _implementing_partner_ _----------- ------------------------------------

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BAA TEEA35O4 05/26/11 Schedule F (Form 990) 2011

SCHEDULE G

ISupplemental Information Regarding

(Form 990or990-Q) Fundraising or Gaming ActivitiesComplete if the organization answered 'Yes' to Form 990 , Part IV, lines 17, 18,

Department of the Treasury or 19, or if the organization entered more than $15,000 on Form 990-Q, line 6a.

Internal Revenue Ser'icery

10- Attach to Form 990 or Form 990-EZ. ► See separate instructions.

OMB No 1545-0047

2011Open to Public

Inspection



Part IFundraising Activities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 17Form 990-EZ filers are not required to complete this part.

1 Indicate whether the organization raised funds through any of the following activities Check all that apply

a Mail solicitations e H Solicitation of non-government grants

b Internet and email solicitations f Solicitation of government grants

c Phone solicitations g Special fundraising events

d In-person solicitations2a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees or key

employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? n Yes No

b If 'Yes,' list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to becompensated at least $5,000 by the organization

(i) Name and address of individualor entity (fundraiser)

(ii) Activity (fit) Did fundraiserhave custody or control

of contributions?

(iv) Gross receiptsfrom activity

(v) Amount paid to(or retained by)

fundraiser listed incolumn ()

(vi) Amount paid to(or retained by)organization

Yes No

1

2

3

4

5

6

7

8

9

10

Total -3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration

or licensing

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-Q. Schedule G (Form 990 or 990-EZ) 2011

TEEA3701 01/24/12

Schedule G (Form 990 or 990-EZ) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2

Part II Fundraisin g Events . Complete if the organization answered 'Yes' to Form 990, Part IV, line 18, or reportedmore than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b.List events with gross receipts greater than $5,000.

(a) Event #1 (b) Event #2 (c) Other events (d) Total events

PARTNERSHIP WALK PARTNERSHIP GOLF VARIOUS(add column (a)

through column (c))RE

(event type) (event type) (total number)

V

N 1 Gross receipts 4, 399, 332. 1, 269, 045. 237, 405. 5,905,782.uE

2 Less Charitable contributions 4, 370, 370. 1, 269, 045. 237, 405. 5, 876, 820.

3 Gross income (line 1 minus line 2) 28, 962. 0. 0. 28,962.

4 Cash prizes

5 Noncash prizes 48, 152. 48, 152.DI

6 Rent/facility costsEC

T 7 Food and beveragesE

XP 8 EntertainmentEN

9 Other direct expenses 709, 322. 709, 322.Es

10 Direct expense summary Add lines 4 through 9 in column (d) 757 , 474.

11 Net income summary . Combine line 3, column (d), and line 10 -728,512.

PartIII Gaming. Complete if the organization answered 'Yes' to Form 990, Part IV, line 19, or reported more than$15,000 on Form 990-EZ, line 6a.

R (a) Bingo (b) Pull tabs/Instant (c) Other gaming (d) Total gaming

Ebingo/progressive (add column (a)

v bingo through column (c))ENUE

1 Gross revenue

2 Cash prizesE

D X

R E 3 Non-cash prizesE NC S

T S 4 Rent/facility costs

5 Other direct expenses .

Yes % Yes % H Yes %

6 Volunteer labor IH No IH No No

7 Direct expense summary Add lines 2 through 5 in column (d)

8 Net gammq income summary. Combine lines 1. column (d) and line 7

9 Enter the state(s) in which the organization operates gaming activities:

a Is the organization licensed to operate gaming activities in each of these states? F]Yes No

b If 'No,' explain----------------------------------------------------------

------------------------------------------------------------------

--------------------------------------------------------10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? Yes fl No

b If 'Yes,' explain---------------------------------------------------------

------------------------------------------------------------------

BAA TEEM702 01124/12 Schedule G (Form 990 or 990-EZ) 2011

Schedule -G (Form 990 or 990-EZ) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3

11 Does the organization operate gaming activities with nonmembers? - Yes No

12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed to q qadminister charitable gaming? - Yes No

13 Indicate the percentage of gaming activity operated in

a The organization's facility - 13a %

b An outside facility 13b %

14 Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name-------------------------------------------------------------

Address- -----------------------------------------------------------

15a Does the organization have a contact with a third party from whom the organization receives gaming revenue? LI Yes No

b If 'Yes,' enter the amount of gaming revenue received by the organization ► $ and the amount-----------

of gaming revenue retained by the third party 0, $-----------

c If 'Yes,' enter name and address of the third party.

Names

Address

16 Gaming manager information

Name-------------------------------------------------------------

Gaming manager compensation - $

Description of services provided------------------------------------------------

F]Director/officer Employee F1 Independent contractor

17 Mandatory distributions

a Is the organization required under state law to make charitable distributions from the gaming proceeds to retain thestate gaming license? - Yes LI No

b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the

organization's own exempt activities during the tax year ► $

Part IV Supplemental Information . Complete this part to provide the explanations required by Part I, line 2b,columns (III) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also completethis part to provide any additional information (see instructions).

BAA TEEA3703 0s/2on1 Schedule G (Form 990 or 990-EZ) 2011

SCHEDULE I Grants and Other Assistance to Organizations,(Form 990)

IGovernments , and Individuals in the United States

Department of the TreasuryIn t ernal Revenue Service

Complete if the organization answered 'Yes' to Form 990, Part IV, lines 21 or 22.► Attatch to Form 990.

OMB No 1545.0047

2011Open to Public

Inspection



Part I I General Information on G

Does the organization maintain records to substantiate the amount of the grants or assistance , the grantees ' eligibility for the grants or assistance, andthe selection criteria used to award the grants or assistance ? .. X] Yes No

2 Describe in Part IV the organization's procedures for monitorin g the use of g rant funds in the United States

Part 11 Grants and Other Assistance to Governments and Organizations in the United States . Complete if the organization answered 'Yes' to

Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000.

Part II can be duplicated if additional space is needed ' n

1 (a) Name and address of organization (b) EIN (c) IRC section (d) Amount of cash rantg rant e) Amount of non -cash(e) (0 Method of valuationFMV appraisal(book ( Description of (h) Purpose of grant

or government 1 applicable assistance ,,,other)

non-cashcash assistance or assistance

1 HIS HIGHNESS PRINCE AGA K

IMAMI ISMAILI COUNCIL FOR

1700 FIRST COLON TX 77479 06-1204397 104,389. HEALTH

121BIS HIGHNESS PRINCE AGA K

IMAMI ISMAILI COUNCIL FOR

1700 FIRST COLON TX 77479 06-1204397 31,810. SOCIAL WELFARE

3 HIS HIGHNESS PRINCE AGA K

IMAMI ISMAILI COUNCIL FOR------------------1700 FIRST COLON TX 77479 06-1204397 118 593. EDUCATIONAL

4 MANAGEMENT SYSTEMS INTERN

600_ WATER-STREET,-S.W.-- _

WASHINGTON DC DC 20024 N.A. 61 , 519. EDUCATIONAL

5

---------------------

6

---------------------

--------------------

8

--------------------

2 Enter total number of section 501 (c)(3) and government organizations listed in the line 1 table . . .. . ... . . ► 0

3 Enter total number of other organizations listed in the line 1 table No. 2

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 . TEEA3901 06/01/11 Schedule I (Form 990) (2011)

Schedule I Form 990) (2011 ) AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2

Part III Grants and Other Assistance to Individuals in the United States . Complete if the organization answered 'Yes' to Form 990, Part IV, line 22.Part III can be duplicated if additional space is needed. .

(a) Type of grant or assistance (b) Number ofrecipients

(c) Amount ofcash grant

(d) Amount ofnon-cash assistance

(e) Method of valuation (book,FMV, apprai sal, other)

(f) Description of non-cash assistance

1 AKF USA INTERNSHIP PROGRAM 10 112 276.

2 AKF USA EXTERNSHIP PROGRAM 2 43 , 745.

3

4

5

6

7

Part IV I Supplemental Information . Complete this part to provide the information required in Part I, line 2, and any other additional information.

Pt I Line 2 _ _ _ _ _AKF USA has in glace the followinyprocedures for monitoring the use of _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _grant funds in the-United-States----------------------------------------------------------------

- Grant Agreements are sicined with all implementing partners_ in the field outlining_ _ _ _ _ _ _ _ _ _ _ _--------------

_ _ _ -----

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _their re2onsibilities_and obligations

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Implementing partners submits at_a minimum-quarterly financial and narrative_

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _reports. -These reports _are_ana1yzed_at the AKF USA off ice forinternal descrepancies _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _and for any disallowable spending or activities .- ----------------------------------------------

BAA Schedule I (Form 990) (2011)

TEEA3902 01/25/12

SCHEDULEJ Compensation Information OMB No 1545-0047

(Form 990) For certain Officers , Directors, Trustees, Key Employees, and Highest 201 'ICompensated Employees

Complete if the organization answered 'Yes' to Form 990 , Part IV, line 23. Open to PublicDepartment of theTreasury

►Internal Revenue Service Attach to Form 990. 01 See separate instructions . Inspection


AGA KHAN FOUNDATION U.S.A. 1 52-1231983Part I Questions Reaardina Compensation

1 a Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 990, PartVII, Section A, line la Complete Part III to provide any relevant information regarding these items

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax indemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e g., maid, chauffeur, chef)

Yes I No

b If any of the boxes on line la are checked, did the organization follow a written policy regarding payment orreimbursement or provision of all of the expenses described above? If 'No,' complete Part III to explain lb X

2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers, directors,trustees, and the CEO/Executive Director, regarding the items checked in line la? 2 X

3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization'sCEO/Executive Director Check all that apply Do not check any boxes for methods used by a related organization toestablish compensation of the CEO/Executive Director Explain in Part III

Compensation committee X Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations X Approval by the board or compensation committee

4 During the year, did any person listed in Form 990, Part VII, Section A, line la with respect to the filing organizationor a related organlzatlon-

a Receive a severance payment or change-of-control payments 4a X

b Participate in, or receive payment from, a supplemental nonqualified retirement plans 4b X

c Participate in, or receive payment from, an equity-based compensation arrangement? 4c X

If 'Yes' to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part Ill.

Only section 501(cx3) and 501 (cx4) organizations must complete lines 5-9.

5 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensationcontingent on the revenues of:

a The organization? 5a X

b Any related organization? 5b X

If 'Yes' to line 5a or 5b, describe in Part III.

6 For persons listed in Form 990, Part VII, Section A, line la, did the organization pay or accrue any compensationcontingent on the net earnings of-

a The organization' 6a X

b Any related organization? - 6b X

If 'Yes' to line 6a or 6b, describe in Part III.

7 For persons listed in Form 990, Part VII, Section A, line la, did the organization provide any non-fixed payments notdescribed in lines 5 and 67 If 'Yes,' describe in Part Ill 7 X

8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initialcontract exception described in Regulations section 53 4958-4(a)(3)' If 'Yes,' describe in Part Ill 8 X

9 If 'Yes' to line 8, did the organization also follow the rebuttable presumption procedure described in Regulationssection 53 4958-6(c)' 9

BAA For Paperwork Reduction Act Notice , see the Instructions for Form 990 . Schedule J (Form 990) 2011

TEEA4101 01/24112

Schedule J Form 990 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Pege 2

Part II Officers , Directors , Trustees , Key Employees, and Highest Compensated Employees . Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (I) and from related organizations, described in the instructions onrow (it). Do not list any individuals that are not listed on Form 990, Part VII.

Note . The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1 a, applicable columns (D) and (E) amounts for that individual.

(B) Breakdown of W-2 and/or 1099 - MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensation

(A) Name ( I) Basecompensation

( I) Bonus and incentivecompensation

( III) Otherreportable

other deferredcompensation

benefits (B) (I) -(D) reported as deferredin prior Form 990

compensation

(i) 6L558_ 0_ _____24,661. _ ___-16,511 . _____18000. ____265,730. ________ 0_

1 DR. MIRZA JAHANI ii 0. 0 . 0. 0. 0. 0. 0.

(i) 0L356_ _____ __ 0_ _________0- ______5,150-- - - ___--41812. ____1601318. ________ 0_

2 NOORDIN MOLOO ii 0. 0. 0. 0. 0. 0. 0.

(t) ---- -- 0' --------0' --------0' --------0' --------0' -------- 0' ---------0.3 MR. IQBAL NOORALI ii 220 063. 0. 0. 16 , 110. 18,000. 254 , 173. 0.

(i) 0_ _________0. _____ 1 0,881. ______61515. 1491859. ________-0_

4 JOANNE TROTTER ii 0. 0. 0. 0. 0. 0. 0.

(i) ----135L824_ ----- ----0- ---------0' ---------0' ------4, 981. ----1401805- -------- 0.5 CHARLES SHEERIN ii 0. 0. 0. 0 . 0. 0. 0.

(t) ---------- ----------- ---------- ---------- ---------- ---------- ----------6 ii _

(t) ---------- ----------- ---------- - - - - -- - - - -

- -- - - - - - - -

---------- ----------7

(t) --------- ----------- ---------- ---------- ---------- ---------- -----------8

(t) ---------- ----------- ---------- ---------- ---------- ---------- -----------9

(t) ------ ----------- ---------------------- ----------10

(i)

---------- ----------- -------------------

---- --------------------- -

----------

- --------------------

- ---------11 ii

(t) --------- ----------- ---------- ---------- ---------- ---------- ----------12

(t) ---------- ----------- ---------- ---------- ---------- ---------- ----------13

(t) ---------- ----------- ---------- ---------- ---------- ---------- ----------14

(i) ---------- ----------- ---------- ---------- ---------- ---------- ----------15

M ---------- ----------- ---------- ---------- -- -16 _BAA TEEA4102 01/24/12 Schedule J (Form 990) 2011

Schedule J Form 990 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3Part III Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1 a, 1 b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, forPart II. Also complete this part for any additional information.

Pt I Line la PER THE EMPLOYMENT CONTRACT OFTHE_CEO _DR. _MIRZA JAHANIL _THERE IS A PROVISION---------- -- -----------------------

- ______________OF AN ANNUAL-HOUSING ALLOWANCE-AND-PARKING ALLOWANCE_-_________________-_-_______-------

BAA Schedule J (Form 990) 2011

TEEA4103 01/24/12

SCHEDULE M(Form 990)


Noncash Contributions

Complete if the organizations answered 'Yes'

on Form 990, Part IV, lines 29 or 30.

Attach to Form 990.

OMB No 1545-0047

1 2011Open To Public

Inspection



Part I Types of Property

(a)Check If

applicable

(b)

Number ofcontributions oritems contributed

(c)Noncash contributionamounts reported on

Form 990,Part VIII, line 1 g

(d)Method of determining

noncash contribution amounts

1 Art -Works of art

2 Art - Historical treasures - -

3 Art - Fractional Interests

4 Books and publications

5 Clothing and household goods

6 Cars and other vehicles

7 Boats and planes

8 Intellectual property

9 Securities - Publicly traded X 31 1, 964, 450. FAIR MARKET VALUE

10 Securities - Closely held stock

11 Securities - Partnership, LLC, or trust interests

12 Securities - Miscellaneous

13 Qualified conservation contribution -Historic structures

14 Qualified conservation contribution - Other

15 Real estate - Residential

16 Real estate - Commercial

17 Real estate - Other

18 Collectibles

19 Food Inventory X 1 2, 654, 251. FAIR MARKET VALUE

20 Drugs and medical supplies

21 Taxidermy

22 Historical artifacts

23 Scientific specimens

24 Archeological artifacts

25 Other ► ( )----------------

26 Other ► ( )----------------

27 Other ► ( )----------------

28 Other ►

29 Number of Forms 8283 received by the organization during the tax year for contributions for which theorganization completed Form 8283, Part IV, Donee Acknowledgement 29

Yes No

30a During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it musthold for at least three years from the date of the initial contribution, and which is not required to be used for exemptpurposes for the entire holding period? 30a X

b If 'Yes,' describe the arrangement in Part II

31 Does the organization have a gift acceptance policy that requires the review of any non-standard contrlbutlons7 31 X

32a Does the organization hire or use third parties or related organizations to solicit, process, or sellnoncash contributions? 32a X

b If 'Yes,' describe in Part II

33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) 2011

TEEA4601 07/14/11

Schedule M (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 2Part II Supplemental Information . Complete this part to provide the information required by Part I, lines 30b, 32b,

and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, thenumber of items received, or a combination of both. Also complete this part for any additional information.

Pt -I Line 32b _ _ _ _1)_In accordance with the USDAyrant agreement ,-the organization used the services

_______________of the Agribusiness Manayement_Company,_LLC_to _______________

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _monetize-the_donated Hard-Red-Winter Wheat in order to generate

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _cash proceeds _ (monetization proceeds )_ to f inanceprogram costs _ _ _ _ _

--------------------------------------------------------------------

--------------------------------------------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _2)-In accordance-with the USDA Grant_aQreement, the Organization used-

- - - the-services-of ACDI/VOCA to monetize the donated--------------------------------------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _hard_red_winter wheat-in order-to generate cash-proceeds- _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (monetization proceeds) to_finance_pi ogram costs _----------------

---------------------------------------------------------------------

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BAA TEEAa6o2 07/14/1 1 Schedule M (Form 990) 2011

SCHEDULE 0(Fotm 990 or 990-Q)


Name of the organization

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions onForm 990 or 990- EZ or to provide any additional information.

Attach to Form 990 or 990-EL

Pt _VI, -Line _l la_ -Prior _to_ the filing date (Maw 15th of the subsequent-year) , AKF

USA transmits the IRS Form 990 in electronic form to the------------------------------------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _Audit Committee of AKF-USA- (Chairman, Vice Chairman and one----------------------

other member of the National Committee) for review and comment----------------------------------------------------------------- -

_ _ _ _ _ _ _ _ _ _ _ _ _ _ subsequent to the tax preparer' s preparation-and-CEO' s review-of

- the- Form-990 .------------ --------------------------------------------------

Pt VI, -Line _12c_ -The Conflict of-Interest policy was developed durinn_the_fiscal_year 2008.-- ----------- ------ - ---- - - ---- --

_ _ --- _ _ _ _ --- _ _ The Board-and-management have the responsibility_of administering the

-------------- affairs of AKF USA_honestly_and_prudently,_ and of_exercisinq their

_ _ _ _ _ _ _ _ _ _ _ _ _ _best-care, skill and judgement_ of the sole benefit of AKF USA.

_ _ --- _ _ _ _ --- _ _ Those _Rersons shall exercise the utmost good_faith in-all-transactions---------------------

_ _ --- -_ _ _ --- _ _ involved-in their-duties,-and they shall _not_use_their positions with

_ _ _ _ _ _ _ _ _ _ _ _ _ _AKF USA 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 USA. Transactions----------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ between the AKF USA_and_vendors_are_regularly reviewed b_y the CEO and CFO

_ _ _ _ _ _ _ _ _ _ _ _ _ _ to veri fy_that no-conflict-of interest has taken-place involviijq _ _ _ _

_ _ --- _ _ _ _ --- _ _ any of the above mentioned-persons-and AKF USA vendors. I f a conflict---------------------

of interest should arise, the National Committee will determine--------------------------------------------------------------------

whether the transaction is in the best interest of AKF USA. 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 USA.------------------------------------------------------------------

Pt-VI,-Line-15- - - 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

OMB No 1545-0047

2011Open to Public

Inspection

Employer identification number

52-1231983

BAA For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990 -EZ. TEEA4901 07/14111 Schedule 0 (Form 990 or 990-EZ) 2011

Schedule'O (Form 990 or 990-EZ) 2011 Page 2Name of the organization Employer identification number


-------------- the annual budq!Et_submitted_for_deliberation_to the Board of the--------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ Aga Khan_ Foundation _ The AKF USA CEO's compensation is compared.........

_ _ _ _ _ _ _ _ _ _ _ _ _ _ to the compensation of-the-fellow CEO' s_emploVed_throughout the _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _Aga Khan_ Development Network and is_approved_subsec[uently_by the _ _ _ _ .

_ _ _ _ _ _ _ _ _ _ _ _ _ _ AKF Board. The -approval -is-communicated-to the CFO through the _ _ _ _ _ _

______________the Chairman of the National Committee,-who- then-initiates - - - - - - - - -

______________payment of the -compensation - - - - - - - - - - - ----------------------

______________There_is_no compensation to-the-Board Members of_AKF_USA._Key_______

-------------- employee'ssalary 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 pos itions_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 CFO to initiate------------------------------------------------------------------

______________ payment of the -compensation - --------------------------------

Pt VI1 Line 19 The governing-documents, conflict of interest policy-and financial------------of-interest

_ _ _ _ _ _ _ _ _ _ _ _ _ statements are -not-generally available to the public..however, _ _ _ _ _ _

______________on a_case_by_case_basis, the CEO determines-the availability _______

_ _ _ _ _ _ _ _ _ _ _ _ _ _ based-on-use- and need.-IRS-Form-990-is available-to the public _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ on an as requested basis as-well as _throuyh_the IRS as_a public document.

Pt VI1 -Line _2 - - - His Highness. Shah-Krim-Al-Husseini- Aga Khan and Prince Amyn Aga _ _ _ _ _--------------- -------

______________Khan_are_brothers__---------------------------------------

Sch.R: Pt II, Col. B Primary Activity:_________________________________________

- _ _ _ _ _ _ _ _ _ _ _ _ _AKF Geneva seeks sustainable solutions to long term problems _ - _ - - _ _

_ _ - _ _ of poverty,. hunger, illiteracy, _and_ill-health with special - - - _ _ - _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ em^hasis_ on the needs of rural communities in mountaniuos- _ _ _ _ _ _ _ _ _-----------------------

BAA Schedule 0 (Form 990 or 990-EZ) 2011

TEEA4902 07/14/11

Schedule O (Form 990 or 990-EZ) 2011Name of the organization Employer identification number


_ _ _ _ _ _ _ _ _ _ _ _ _ _ coastal and other_resource_poor_areas ._ Program priorities-are_ - _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ Education, Health,-Rural Development, Civil-Societx, _ with------- -----------

- - - - - -__-_----particular emphasis on_gender1_the environment,-the pluralsim------------------------------

- _____________and human_resource-development--------------------------------

Sch. R: Pt II, Col. D Exempt code section:----------------- --------------------------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ AKF Geneva is-tax-exempted-under Swiss Law for charitable------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ oryanizations_ There is no_:^pecific_code _ _ _ _ _ _------------------

Sch.R_ Pt II, Col .E Public Charity Status:_----- -------------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _AKF Geneva is_a private foundation recognized as_a non-prof it- _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ charitable organization under the control of-the-federal--------------------------

______________ Swiss-Foundation Authority______________________---_-------_

Part III,-Line 4a: Accomplishments of the Golden Jubilee Projects: The funds have been received by the Aga Khan

_ _ _ _ _ _ _ _ _ _ _ _ _ _ Foundation Geneva and are being pooled as part of the reserves from other countries.--------------------------

- - - - - - - - - - - - - - These funds are for the Golden Jubilee Charitable proiects of the Aga Khan

_ _ _ _ _ _ _ _ _ _ _ _ _ _ Development Network.- Project reporting will-commence-as soon as--------------------

activities have started.--------------------------------------------------------------------

Part III, Line 4b: Accomplishments of the Aga-Khan-University (AKU)_Programs_ _ _------------------ ---------

__ --- _ _ _ _ --- --- AKU _fomed partnership with University-of California, San Francisco

_ _ _ _ _ _ _ _ _ _ _ _ _ _ to help the unarivileged around the world.---------------------------------

- AKU_is_experimenting_with use_of mobile tele^hon^ to helms support__---------------

teachers and students in remote areas.--------------------------------------------------------------------

- AKU_signed an agreement with_KESC_for_the_new power_cZrid station-----------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ that-will-ensure a -steady electricity supply_to AKU and Aga Khan

_ _ _ _ _ _ --- --- _ _ University Hospital;- AKU and the Suicide Prevention and Research---------------------------------

_ _ _ _ _ _ _ _ _ _ _ _ _ _ -I nterest_Group _(SPRInG-AKU) _in_ collaboration_with -the-John

_ _ --- _ _ _ _ --- _ _ Hokins University-Bloomberg _School_ of Public-Health hosted-Pakistan's-

first------____________

_national seminar _on suicide Prevention__ ___________________

BAA Schedule 0 (Form 990 or 990 -EZ) 2011

TEEA4902 07/14/11

Schedule 0 (Form 990 or 990-EZ) 2011 Page 2Name of the organization Employer identi fication number

AGA KHAN FOUNDATION U.S.A . 52-1231983

Part III, Line 4d: Accomplishments continued:------------------ -------------------------------------------

_ _ _ _ _ _ __ _ _ _ _ _ _ In addition,-AKF USA actively sjTports complimentary-and innovative

_ _ _ --------- _ _progra minq, for example,.. . ...... . ....... . ........ . .. ........in micro-insurance in

a_ _ _ _ _ _ _ _ _ _ _ _ _ _ Pakistani _ _ _ _ _ childhood education-in East_Africa,_ and human- - - - - - - - - - - - - -

_ _ _ _ _ _ _ _ _ _ _ _ _ -resource development through the intern and scholarsh procZrams

_ _ _ _ _ _ _ _ _ _ _ _ _ _Active AKF USA grants- directly_benefited_over 250, 000 -people in _29Q._

BAA Schedule 0 (Form 990 or 990-EZ) 2011

TEEA4902 07/14111

SCHEDULE R(Form 990) Related Organizations and Unrelated Partnerships

Department of the Treasury ► Complete if the organization answered 'Yes' to Form 990, Part IV, line 33 , 34, 35 , 36, or 37.Internal Revenue Service ► Attach to Form 990 . ► See separate instructions.

OMB No 1545.0047.

2011Open to Public

Inspection



Part I Identification of Disregarded Entities (Complete if the organization answered 'Yes' to Form 990, Part IV, line 33.)

(a)Name, address, and IN of disregarded entity

(b)Primary activity

(c)Legal domicile (stateor foreign country)

(d)Total income

(e)End-of-year assets

(f)Direct controlling

entity

1

----------------------------------

----------------------------------

2

----------------------------------

----------------------------------

3

----------------------------------

----------------------------------

Part II Identification of Related Tax-Exempt Organizations (Complete if the organization answered 'Yes' to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.)

(a)Name , address , and EIN of related organization

(b)Primary activity

(c)Legal domicile (stateor foreign country)

(d)Exempt Code

section

(e)Public charity status(if section 501 (c)(3 ))

(9Direct controlling

entity

(g)Sec 512(b)(13)

controlled entity?

Yes No

(1)AGA KHAN FOUNDATION-GENEVA N/A

- -

-------------------------1-3 AVENUE-DE LA PAIX, 1211, GENEVA,-SZ------------------------

----------------------------CHEDULE 0 Z CHEDULE 0 CHEDULE 0 /A X

2

--------------------------------------------------------

3

--------------------------------------------------------

4

----------------------------

----------------------------

BAA For Paperwork Reduction Act Notice . see the Instruct ions for Form 990 . TEEA5001 09 /08/11 Schedule R (Form 990) 2011

Schedule R (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983

Part III Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered 'Yes' to Form 990, Part IV, line 34because it had one or more related organizations treated as a partnership during the tax year. )

(a) (b) (c) (d) (e) (0 (g) (h) (I) G) (k)Name, address, and EIN of Primary activity Legal Direct Predominant Share of total Share of Dispropor- Code V-UBI General or Percentage

related organization domicile controlling entity income (related, income end-of-year tionate amount in box managing ownership(state or unrelated, excluded assets allocations? 20 of Schedule partner'foreign from tax under K-1country) sections 512.514 ) Yes No (Form 1065) Yes No

1

---------------

---------------

2

--------------

--------------

-----------------------------

Part IV Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered 'Yes' to Form 990, Part IV,line 34 because it had one or more related organizations treated as a corporation or trust during the tax year. )

(a) (b) (c) (d) (e) (9 (g) (h)Name , address, and EIN of related organization Primary activity Legal domicile Direct Type of entity Share of total income Share of end -of-year Percentage

(state or foreign controlling entity (C corp, S corp , assets ownershipcountry) or trust)

1----------------------------

------------------------------

------------------------------

2

------------------------------

------------------------------

3

------------------------------

------------------------------

BAA TEEA5002 05124/11 Schedule R (Form 990) 2011

Schedule R (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 3

Part V Transactions With Related Organizations (Complete if the organization answered 'Yes' to Form 990, Part IV, line 34, 35, 35a, or 36.)

Note . Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule

1 During the tax year did the organization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity .

b Gift, grant, or capital contribution to related organization(s)

c Gift, grant, or capital contribution from related organization(s)

d Loans or loan guarantees to or for related organization(s)

e Loans or loan guarantees by related organization(s)

f Sale of assets to related organization(s)

g Purchase of assets from related organization(s)

h Exchange of assets with related organization(s)

i Lease of facilities, equipment, or other assets to related organization(s)

j Lease of facilities, equipment, or other assets from related organization(s)

k Performance of services or membership or fundraising solicitations for related organization(s)

I Performance of services or membership or fundraising solicitations by related organization(s)

m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)

n Sharing of paid employees with related organization(s)

o Reimbursement paid to related organization(s) for expenses

p Reimbursement paid by related organization(s) for expenses

No

X

X

X

X

X

X

X

X

X

X

X

X

q Other transfer of cash or property to related organization(s) X

r Other transfer of cash or property from related organization(s) 1 r X

2 If the answer to any of the above is Yes, see the instructions for information on who must com p lete this line, lncludin covered relationships and transaction thresholds.

(a)Name of other organization

(b)Transactiontype (a-r)

(c)Amount involved

(d)Method of determining

amount involved

(1 ) AGA KHAN FOUNDATION GENEVA c 2 , 844 , 500. Wire Transfer

(3)

(4)

(5)

(6)

BAA TEEA5003 05/24/11 Schedule R (Form 990) 2011

Schedule R (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 4

Part VI I Unrelated Organizations Taxable as a Partnership (Complete if the organization answered 'Yes' to Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or grossrevenue) that was not a related organization . See instructions regarding exclusion for certain investment partnerships

(a)Name, address, and EIN of entity

(b)Primary activity

(c)Legal domicile(state or foreign

country)

(d)Predominant

income(related, unre-lated, excludedfrom tax under

(e)Are all partners

section501(c)(3)

organizations?

(f)Share of

total income

(g)Share of

end-of-yearassets

(h)Dispropor-tionate

allocations?

G)Code V-UB1

amount in box20 of Schedule

K-1Form (1065)

(I)General ormanagingpartner?

(k)Percentageownership

section 512-514) Yes No Yes No Yes No

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Schedule R (Form 990) 2011 AGA KHAN FOUNDATION U.S.A. 52-1231983 Page 5Part VII Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R(see instructions).



Schedule 0 (Form 990), Supplemental Information to Form 990Form 990 , Page 2, Part III, Line 1 (continued)

Briefly describe the organization's mission:IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING

PROGRAM IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING & ENVIRONMENT.

Schedule 0 (Form 990), Supplemental Information to Form 990Form 990 , Page 2, Part III, Line 4a (continued)

building self-reliance and forging new attitudes, skills and organizational

abilities takes time. The Foundation has the option of making long-term

commitments to a particular region or problem.

Accomplishments: Refer to Schedule 0

Schedule 0 (Form 990), Supplemental Information to Form 990Form 990 , Page 2, Part III , Line 4d (continued)

Describe the exempt purpose achievements for each of the organization's other programservices. Section 501(c)(3) and (4) organizations and 4947(a)(1) trusts are required toreport the amount of grants and allocations to others, the total expenses, and revenue, if any, foreach program service reported.

Code. Description. in 2011, ARF USA active grants supported interventions in Afghanistan

Expenses 15, 671, 560. India, Kenya, Mali, Mozambique, Pakistan, Tanzania and Uganda.

Grants Of 15, 671, 560. The diverse program portfolio incorporates multi-sector programs

Revenue 0. such as the Mali Area Development Program as well as the sector

specific interventions in education (EMACK, Ed-links, CREATE,

PACE-A), health (CCSP), rural development and civil society ( WEECB).

AGA KHAN FOUNDATION U.S A. 52- 1231983 2

Supporting Statement of:

Sch D , page 4/Part XIII , Line 2a

Description Amount

IN-KIND DONATIONS 279,313.

Total 279,313.

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