Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 5,061,181,767 | 3,955,993,453 | 2,057,479,604 | 3,804,874,587 | 6,837,636,519 | 21,717,165,930 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 5,061,181,767 | 3,955,993,453 | 2,057,479,604 | 3,804,874,587 | 6,837,636,519 | 21,717,165,930 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 854,297,822 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 20,862,868,108 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 5,061,181,767 | 3,955,993,453 | 2,057,479,604 | 3,804,874,587 | 6,837,636,519 | 21,717,165,930 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 66,975,794 | 100,017,378 | 24,378,375 | 149,819,587 | 114,287,013 | 455,478,147 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 22,172,644,077 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 5 & PART V, LINES 1A & 2A: | THE REPORTING ORGANIZATION IS A FOREIGN ENTITY OPERATING OUTSIDE THE UNITED STATES AND THEREFORE DOES NOT HAVE A REQUIREMENT TO FILE FORM W-3 OR FORM 1096 TO REPORT EMPLOYEE OR INDEPENDENT CONTRACTOR COMPENSATION. THE GLOBAL FUND EMPLOYED 866 INDIVIDUALS ON DECEMBER 31, 2020. |
| FORM 990, ITEM M, LEGAL DOMICILE: | SZ SWITZERLAND |
| FORM 990, ITEM K, OTHER FORM OF ORGANIZATION: | RECOGNIZED AS AN INTERNATIONAL ORGANIZATION UNDER THE INTERNATIONAL ORGANIZATIONS IMMUNITIES ACT (22 U.S. CODE SECTION 288 ET SEQ) AND THE HEADQUARTERS AGREEMENT WITH THE SWISS FEDERAL COUNCIL. |
| FORM 990, PART I, BOX E AND PART VI, LINE 20: | THE GLOBAL FUND PHONE NUMBER IS 41-58-791-1700. DUE TO IRS CHARACTER LIMITATIONS AND THE REQUIRED ELECTRONIC FILING OF FORM 990, A TRUNCATED PHONE NUMBER IS PRESENTED ON THESE LINES. |
| FORM 990, PART III, LINE 2 | ON 9 APRIL 2020, THE GLOBAL FUND BOARD APPROVED THE CREATION OF A TEMPORARY COVID-19 RESPONSE MECHANISM (C19RM) TO PROVIDE ADDITIONAL SUPPORT FOR COUNTRY RESPONSES TO THE PANDEMIC AND TO ENSURE THE CONTINUITY OF THE FIGHT AGAINST HIV, TUBERCULOSIS, AND MALARIA. C19RM SUPPORTS THE RAPID DEPLOYMENT OF FUNDS TO SUPPORT IMPLEMENTER COUNTRIES' COVID-19 RESPONSES AND FINANCES INTERVENTIONS CONSISTENT WITH WORLD HEALTH ORGANIZATION GUIDANCE ON COVID-19 AND NATIONAL STRATEGIC PREPAREDNESS AND RESPONSE PLANS. THE GLOBAL FUND HAS APPROVED USD 980 MILLION TO 106 COUNTRIES AND 15 MULTICOUNTRY PROGRAMS TO SUPPORT THEIR RESPONSES TO COVID-19 AS FOLLOWS: -GRANT FLEXIBILITIES FOR USD 221 MILLION, AND -COVID-19 RESPONSE MECHANISM FOR USD 759 MILLION THE GLOBAL FUND WILL CONTINUE TO ENGAGE IN COVID-19 RESPONSE IN LINE WITH THE BOARD MANDATE AND ADDITIONAL FUNDING SECURED FROM ITS DONORS. |
| FORM 990, PART VI, SECTION A, LINE 5 | THE GLOBAL FUND IS FULLY COMMITTED TO THE PRINCIPLES OF TRANSPARENCY AND ACCOUNTABILITY. TO FULFILL THIS COMMITMENT, THE GLOBAL FUND WORKS, THROUGH ITS RISK MANAGEMENT AND ASSURANCE PROCESSES, TO EXPOSE IRREGULARITIES AND MISUSE OF RESOURCES. KEY MEASURES ARE DEDICATED TOWARDS PREVENTION BUT WHERE IRREGULARITIES OR MISUSE HAVE MATERIALIZED, ACTION IS TAKEN TO ADDRESS THE UNDERLYING WEAKNESSES AND SEEK RECOVERIES AS APPROPRIATE. THE GLOBAL FUND MAINTAINS A ZERO TOLERANCE APPROACH TO FRAUD AND CORRUPTION AND AIMS TO TAKE SWIFT AND APPROPRIATE ACTION WHEN CASES OF MISUSE OF FUNDS ARE IDENTIFIED. THE GLOBAL FUND WILL CONTINUE TO ENSURE THAT ALL IDENTIFIED IRREGULARITIES ARE COMMUNICATED RESPONSIBLY AND IN A TIMELY MANNER TO THE BOARD AND TO OTHER STAKEHOLDERS. FROM A FINANCIAL STATEMENT PERSPECTIVE, SUCH MISAPPROPRIATION OF ASSETS OR INELIGIBLE EXPENDITURE ARE RECOGNIZED AS GRANTS UNDER RECOVERY FROM PRINCIPAL RECIPIENTS. THESE ARE RECOGNIZED AT NOMINAL VALUE UPON A FORMAL NOTIFICATION TO THE PRINCIPAL RECIPIENT AND SUBJECT TO THE SAME POLICY OF VALUATION, RISK ASSESSMENT AND ASSET IMPAIRMENT AS CONTRIBUTIONS RECOVERABLE FROM DONORS. NOTE 3.1 OF THE AUDITED FINANCIAL STATEMENTS PROVIDE AN OVERVIEW OF GRANTS UNDER RECOVERY AT 31 DEC 2020 - USD 9 MILLION OF GRANTS UNDER RECOVERY BASED ON THE DEMAND LETTERS FORMALLY ISSUED TO PRINCIPAL RECIPIENTS, NET OF APPROPRIATE PROVISION FOR EXPECTED CREDIT LOSSES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM IS PREPARED BY THE ACCOUNTING MANAGER WITH THE ASSISTANCE OF A US-BASED TAX ADVISOR. INFORMATION REPORTED IS REVIEWED FOR ACCURACY BY RELEVANT FUNCTIONS, INCLUDING BUT NOT LIMITED TO, SENIOR FINANCE MANAGEMENT, EXTERNAL RELATIONS AND COMMUNICATIONS, HUMAN RESOURCES, AND LEGAL AND GOVERNANCE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY ON ETHICS AND CONFLICTS OF INTEREST FOR GLOBAL FUND INSTITUTIONS APPLIES TO ALL MEMBERS OF THE BOARD, ALTERNATES, MEMBERS OF STANDING COMMITTEES OF THE BOARD, AND MEMBERS OF OTHER GOVERNANCE, ADVISORY (E.G., TECHNICAL REVIEW PANEL) OR ADMINISTRATIVE BODIES OF THE GLOBAL FUND, INCLUDING PROFESSIONAL EMPLOYEES OF THE GLOBAL FUND. COMPLIANCE WITH THE POLICY IS OVERSEEN BY THE BOARD'S STANDING COMMITTEE MANDATED WITH OVERSIGHT ON ETHICS MATTERS. ANY POTENTIAL AND ACTUAL CONFLICTS OF INTEREST ARE REFERRED TO THE STANDING COMMITTEE MANDATED WITH OVERSIGHT ON ETHICS MATTERS FOR CONSIDERATION. DECLARATION OF INTEREST FORMS ARE MAINTAINED BY THE ETHICS OFFICER AND MADE AVAILABLE FOR INSPECTION BY THE STANDING COMMITTEE MANDATED WITH OVERSIGHT ON ETHICS MATTERS AS DEEMED APPROPRIATE BY THE STANDING COMMITTEE MANDATED WITH OVERSIGHT ON ETHICS MATTERS, BY THE BOARD. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OCCURS, THE ETHICS AND GOVERNANCE COMMITTEE DETERMINES IF THERE IS A CONFLICT OF INTEREST, REVIEWS IT, AND DETERMINES IF THE INDIVIDUAL(S) INVOLVED SHOULD BE EXCLUDED FROM THE PARTICULAR CONVERSATION OR DECISION-MAKING PROCESS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GLOBAL FUND BOARD APPOINTS THE TOP MANAGEMENT OFFICIAL AND A REMUNERATION PACKAGE IS APPROVED BY THE BOARD, AFTER REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY AND CONTEMPORANEOUS SUBSTANTIATION AND DELIBERATION IN ACCORDANCE WITH THE APPOINTMENT DECISION. FOR ALL OTHER OFFICERS OR KEY EMPLOYEES, REMUNERATION IS DETERMINED BY THE CEO (EXECUTIVE DIRECTOR) IN CONSULTATION WITH THE HEAD OF HUMAN RESOURCES, AND MAY INCLUDE TAX EQUALIZATION AND DEPENDENTS' EDUCATION COSTS FOR EMPLOYEES MOVING TO SWITZERLAND FROM ANOTHER COUNTRY. REPORTABLE COMPENSATION INCLUDES BASE SALARY AND OTHER AMOUNTS BASED ON THE BENEFITS STRUCTURE. THE LAST COMPENSATION AND BENEFIT REVIEW WAS COMPLETED IN FEBRUARY 2019. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS APPROVED BY THE GLOBAL FUND BOARD, POLICY ON ETHICS AND CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE GLOBAL FUND'S WEBSITE. |
| FORM 990, PART IX, LINE 24A: | FEES PAID TO LOCAL FUND AGENTS TO ASSESS LOCAL CAPACITY PRIOR TO AND DURING GRANT NEGOTIATION, AND TO MANAGE AND MONITOR IMPLEMENTATION OF FUNDED PROGRAMS AS GRANTS ARE DISBURSED, ARE EXPENSED AS THE WORK IS PERFORMED. |
| FORM 990, PART IX, LINE 11F: | THESE EXPENSES REPRESENT TRUSTEE FEES INCURRED FOR THE MANAGEMENT OF A TRUST FUND AT THE WORLD BANK. |
| FORM 990, PART XI, LINE 9: | NET UNREALIZED FOREIGN EXCHANGE GAIN 147,581,526. DECONSOLIDATION WITH US FUND FOR THE GLOBAL FUND 17,527,357. PROVIDENT FUND IAS 19 VALUATION ADJUSTMENT -11,344,756. IAS DBO -5,614,928. GRANTS RECOVERED -8,789,731. OTHER ADJUSTMENT -4,196. |
| FORM 990, PART XII, LINE 2B: | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). |
| FORM 990, PART XII, LINE 2B: | THE 2020 ANNUAL FINANCIAL STATEMENTS HAVE BEEN AUDITED BY KPMG SA AND APPROVED BY THE BOARD ON 8 APRIL 2021. THESE ARE PUBLISHED ON THE GLOBAL FUND'S PUBLIC WEBSITE. |
| CONVERSION RATE: | THE GLOBAL FUND IS A FOREIGN ORGANIZATION. THE FOLLOWING EXCHANGE RATES WERE USED TO CONVERT THE STATED INFORMATION FROM THE FUNCTIONAL CURRENCY TO THE US DOLLAR. AUSTRALIAN DOLLAR - 0.7706 CANADIAN DOLLAR - 0.7845 EUROS - 1.2299 POUND STERLING - 1.3644 SWISS FRANCS - 1.1348 SWEDISH KRONOR - 0.1219 NORWEGIAN KRONE - 0.1171 |
| Software ID: | |
| Software Version: |