THE ELTON JOHN AIDS FOUNDATION
Latest income
£23.2m
Latest spending
£26.3m
Registered
1993
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total income decreased to $29.7 million from $32.9 million in the prior year, resulting in a net decrease in funds of $3.8 million as the Trustees prioritized spending on charitable activities. Free reserves were reported at $22.1 million, which the document confirms is within the Board's target range of $15.7 million to $38.8 million. The Trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: between $15.7 million and $38.8 million (held: £22.1m)
“The Board agreed to maintain free reserves within a target range of between $15.7 million and $38.8 million in 2024”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Recharged expenses for healthcare insurance and vendor payments incurred on the Foundation's behalf.
“During the year, a related party, William A Bong Ltd (“WABL”), recharged expenses totaling $31,396 (2023: $61,645) to the Foundation for healthcare insurance costs and vendor payments it had incurred on the Foundation’s behalf. The Foundation recharged expenses totaling $26,465 (2023: $26,889) for vendor costs it had incurred on behalf on WABL. A balance of $nil at December 31, 2024 was payable to WABL (December 31, 2023: $2,363 payable to WABL). WABL is a related party because the Foundation’s Chair, David Furnish, is a director. The Foundation and WABL pooled some HR services and other services during the year which accounts for the recharging of expenses, which were all made at arm’s length.” — page 71
“During the year, the Foundation paid $67,561 to J Bondi Inc. (2023: $nil) for travel related costs for David Furnish and Elton John’s travel to New York, where they attended the 55th Anniversary of the Stonewall Rebellion and the grand opening of the Stonewall National Monument Visitor Center and spoke on behalf of the Foundation in support of the LGBTQ+ community. J Bondi Inc. is a related party because the Foundation’s Chair, David Furnish, is a director of the company. The transaction was made at arm’s length. The Foundation received reimbursement for the cost incurred. There were no balances outstanding at December 31, 2024 in relation to this transaction.” — page 71
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment for travel related costs for David Furnish and Elton John.
“During the year, a related party, William A Bong Ltd (“WABL”), recharged expenses totaling $31,396 (2023: $61,645) to the Foundation for healthcare insurance costs and vendor payments it had incurred on the Foundation’s behalf. The Foundation recharged expenses totaling $26,465 (2023: $26,889) for vendor costs it had incurred on behalf on WABL. A balance of $nil at December 31, 2024 was payable to WABL (December 31, 2023: $2,363 payable to WABL). WABL is a related party because the Foundation’s Chair, David Furnish, is a director. The Foundation and WABL pooled some HR services and other services during the year which accounts for the recharging of expenses, which were all made at arm’s length.” — page 71
“During the year, the Foundation paid $67,561 to J Bondi Inc. (2023: $nil) for travel related costs for David Furnish and Elton John’s travel to New York, where they attended the 55th Anniversary of the Stonewall Rebellion and the grand opening of the Stonewall National Monument Visitor Center and spoke on behalf of the Foundation in support of the LGBTQ+ community. J Bondi Inc. is a related party because the Foundation’s Chair, David Furnish, is a director of the company. The transaction was made at arm’s length. The Foundation received reimbursement for the cost incurred. There were no balances outstanding at December 31, 2024 in relation to this transaction.” — page 71
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: EJAF Trading Limited
“The Foundation has a wholly owned trading subsidiary, EJAF Trading Limited, which provides the management for one-off fundraising events.”
Per its FY2024 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 02787008
- Trading subsidiary: EJAF TRADING LIMITED Companies House 02951448
Leadership, per the charity’s website
- Sir Elton John — Founder and Honorary Lifetime President
- Anne Aslett — Chief Executive Officer
- David Furnish — Chair
- Tani Austin — Co-Chair
- Emma Kane — Deputy Chair
- Rachel Parr — Chief Operating Officer
- Anne Scott — Chief Program and Impact Officer
- Margherita Douglas — Chief Communications Officer
Funders the charity credits
- Walmart
- Jiggy
- The Steve Madden Foundation
- Bawdy
- Buffalo Trace Distillery
- Lalique
- Chilewich
- Versace
- binx health
- eBay
- essie
- Gray Malin
- MELKE NYC
- The Harkness Rose Company
- Marmite
Structured financials (annual return, FY ending 31/12/2024)
Total income
£23.2m
Total spending
£26.3m
Cost of raising funds
£4.5m
Reserves (reported)
£17.3m
Employees
31
Trustees
- DAVID JAMES FURNISHchair
- Emma Kane
- Ilana Kloss
- Joshua Schulman
- Sandra Lee
- Tani Austin
- Tobias Hestler
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £23.2m | £26.3m |
| 31/12/2023 | £26.5m | £26.5m |
| 31/12/2022 | £29.9m | £19.8m |
| 31/12/2021 | £10.0m | £13.0m |
| 31/12/2020 | £19.1m | £14.9m |
Common questions
Is THE ELTON JOHN AIDS FOUNDATION financially healthy?
The accounts state that total income decreased to $29.7 million from $32.9 million in the prior year, resulting in a net decrease in funds of $3.8 million as the Trustees prioritized spending on charitable activities. Free reserves were reported at $22.1 million, which the document confirms is within the Board's target range of $15.7 million to $38.8 million. The Trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Crowe U.K. LLP.
Who funds THE ELTON JOHN AIDS FOUNDATION?
Funders whose own accounts filings name THE ELTON JOHN AIDS FOUNDATION as a grant recipient include THE MANOUKIAN CHARITABLE FOUNDATION, CECIL PILKINGTON CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE MANOUKIAN CHARITABLE FOUNDATION | FY2022 | £46k |
| CECIL PILKINGTON CHARITABLE TRUST | FY2025 | £3k |
| CECIL PILKINGTON CHARITABLE TRUST | FY2024 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| E B M CHARITABLE TRUST | 1 | £147k |
| THE VINTNERS' FOUNDATION | 1 | £24k |
| UK GIVES LTD | 1 | £21k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| EDWARDS FAMILY CHARITABLE TRUST | 1 | £5k |
| THE LIGHT FUND COMPANY | 1 | £2k |
| THE ASTOR FOUNDATION | 1 | £2k |
| THE DAVID FAMILY FOUNDATION | 1 | £0 |