Funding overview
Funding for 2015 was US$107.315 million, of which 99.3% came from CGIAR investors and 0.7% from other sources. (net of indirect cost recovery of US$10.711 million), Expenditures were US$106.422 million of which 91.1% was used for program expenses and 8.9% for management and general expenses.

Figure 1 shows the governments and agencies that provided the largest share of our funding in 2014 and 2015 (top 10 donors). IITA`s 2015 total budget-cum-total expenditure are reflected in Figure 2 while 2015 investment by CGIAR Research Programs is shown in Figure 3.

Table 1 lists the investments by CGIAR Research Program, whereas Table 2 shows financial performance indicators for 2015. The list of investors are shown on Table 3.

An experimental cowpea field in IITA, Ibadan.

An experimental cowpea field in IITA, Ibadan.

Figure 1. Funding:top 10 donors, 2014 and 2015

In millions US$

CRP 2015

Table 1. 2015 Investment by CGIAR Research Programs.

Budget ($`000) Actual Expenses ($`000)
CRP Title W1/W2 W3 / Bilateral Project Total W1/W2 W3 / Bilateral Project Total
1.2: Humid Tropics 9,311 24,661 33,972 9,810 16,518 26,328
2: Policies, Institutions & Markets 300 356 656 300 361 661
3.2: Maize 1,594 13,971 15,565 1,594 12,698 14,292
3.4: Roots, Tubers & Bananas 2,813 31,066 33,879 4,577 24,143 28,720
3.5: Grain Legumes 806 11,803 12,609 806 11,304 12,110
4: Nutrition and Health 1,277 8,159 9,436 1,277 7,198 8,475
5: Water, Land & Ecosystems 120 6,321 6,441 120 6,565 6,685
7: Climate Change (CCAFS) 0 2,693 2,693 1,160 926 2,086
8A: Genebanks 1,018 999 2,017 1,036 886 1,922
CRP 17,239 100,029 117,268 20,680 80,599 101,279
Unrestricted /NCRP 549 4,838 5,387 684 4,459 5,143
17,788 104,867 122,655 21,364 85,058 106,422

1/ Includes CRP1.2 Windows 1&2 Partners’ expenditures (2015: 5.026M and 2014: $8.909M) per CGIAR Advisory Note

Table 2. Performance indicators: Financial health.

2014 2015
Short-term Solvency (or Liquidity) 37 days 39 days
Long-term Financial Stability (adequacy of Reserves) 37 days 39 days
Indirect Cost Rates 18.61% 14.96%
Cash Management on Restricted Operations 0.30 0.33
Audit Opinion Unqualified / Clean Bill of Financial Health

Table 3. List of IITA investors.

2014 2015
Investor (expressed in US$ thousands)
African Agricultural Technology Foundation (AATF) 44 16
African Development Bank 14,599 16,660
AGRA 752 819
Austria 13 92
Belgium 1,890 1,409
Bill & Melinda Gates Foundation 11,331 15,157
BMZ, Germany 1,124 321
California University 159 183
Catholic Relief Services 88 12
CIMMYT 1,999 2,361
CORAF/WECARD 77
Commission of the European Communities 1,279 727
Common Fund for Commodities 822 91
Cornell University 851 999
Consortium of IAR Centers 33,583 20,680
Delloite Consulting LLP 506 1,090
Denmark 24 6
DDPSC 177
DRC 1,011
FARA 60
Food and Agriculture Organization 91 72
France 330
GIZ 996 2,369
Global Crop Diversity Trust (GCDT) 173 235
ICIPE 13
ICRISAT 1,287 670
Illinois University 168 328
International Fund for Agricultural Development 1,200
IFPRI 552 2,001
ILRI 267
Ireland 43
Japan 1,196 936
Leventis Foundation 75
Meridian Institute 657
Michigan State University 368
Netherlands 1,262 900
Niger 352 269
Nigeria 4,656 2,453
Purdue University 292 411
Sierra Leone 238 207
Sweden 1,054 65
Switzerland 231 604
United States Agency for International Development 15,297 20,436
Wageningen University 4,306 4,884
Miscellaneous projects 3,831 5,501
Challenge Programs 986 1,989
Grand Total 108,703 106,559