INTERNATIONAL FINANCE FACILITY FOR IMMUNISATION COMPANY
IFFIm's primary purpose is to function as a financing vehicle in order to support the GAVI Alliance in accelerating the provision of charitable funds for vaccination and health systems strengthening projects in developing countries. IFFIm is funded by grants pledged by U.K. and international governments. IFFIm is unable to accept donations from members of the public.
Financial health, per its FY2024 accounts
The accounts state that IFFIm recorded a deficit of US$233 million for the year ended 31 December 2024, primarily due to timing differences in recognizing programme grants versus Grantor contributions. Per the trustees' report, despite this deficit, the charity maintains sufficient liquidity and has confirmed support from the World Bank and Gavi to meet obligations for at least the next 12 months. The trustees concluded that the going concern basis of accounting is appropriate with no material uncertainties.
What the accounts disclose
“IFFIm recorded programme grants to Gavi of US$ 366 million and US$ 378 million during the years ended 31 December 2024 and 2023, respectively. IFFIm recorded in-kind contributions from Gavi of US$ 1,150 thousand and US$ 1,215 thousand during the years ended 31 December 2024 and 2023, respectively.” — page 50
Leadership, per the charity’s website
- Ken Lay — Board Chair
- Cyrus Ardalan — Board Chair
- René Karsenti — Board Chair
Funders the charity credits
- World Bank
- Gavi, the Vaccine Alliance
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Georgina Elizabeth Bakerchair
- Eila Kaarina Kreivi
- Hassatou Diop N'Sele
- Ingrid van Wees
- Jeffrey Richard Diehl
- Kenneth Lay
- Rachel Louise Turner
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £36.8m | £330.2m |
| 31/12/2023 | £153.3m | £344.6m |
| 31/12/2022 | £443.0m | £413.8m |
| 31/12/2021 | £523.7m | £1062.8m |
| 31/12/2020 | £1059.4m | £171.7m |
Common questions
Is INTERNATIONAL FINANCE FACILITY FOR IMMUNISATION COMPANY financially healthy?
Per its FY2024 accounts: The accounts state that IFFIm recorded a deficit of US$233 million for the year ended 31 December 2024, primarily due to timing differences in recognizing programme grants versus Grantor contributions. Per the trustees' report, despite this deficit, the charity maintains sufficient liquidity and has confirmed support from the World Bank and Gavi to meet obligations for at least the next 12 months. The trustees concluded that the going concern basis of accounting is appropriate with no material uncertainties. Its FY2024 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £850k |
| THE BURDETT TRUST FOR NURSING | 1 | £262k |
| THE AIM FOUNDATION | 1 | £125k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARBORNE | 1 | £108k |
| THE CHRISTOPHER & KIRSTY JOHNSTON CHARITABLE TRUST | 1 | £65k |
| THE BILLMEIR CHARITABLE TRUST | 1 | £50k |
| THE NUTRITIONAL WELLBEING FOUNDATION | 1 | £40k |
| THE KPMG FOUNDATION | 1 | £25k |
Charities like this
- THE INSTITUTE FOR CANCER VACCINES AND IMMUNOTHERAPY
- GLOBAL INNOVATION FUND
- INTERSERVE INTERNATIONAL FELLOWSHIP
- INTERNATIONAL NEPAL FELLOWSHIP
- INSTITUTE OF HEALTH VISITING
- INFRASTRUCTURE INDUSTRY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INTERNATIONAL FINANCE FACILITY FOR IMMUNISATION COMPANY | £36.8m | — | 0 | unclear | — | no doubt |
| THE INSTITUTE FOR CANCER VACCINES AND IMMUNOTHERAPY | £433k | £70,001 - £80,000 | 1 | unclear | 6.0% | no doubt |
| GLOBAL INNOVATION FUND | £16.6m | — | — | below | — | no doubt |
| INTERSERVE INTERNATIONAL FELLOWSHIP | £493k | — | 0 | above | — | no doubt |
| INTERNATIONAL NEPAL FELLOWSHIP | £713k | — | 0 | unclear | — | no doubt |
| INSTITUTE OF HEALTH VISITING | £1.7m | £70,001 - £80,000 | 2 | unclear | — | no doubt |