Financials

Financials

   

 

Bioversity International’s good financial health and stability continued in 2012. With robust internal controls and a risk management framework that engages the Board, management and staff, Bioversity received an unqualified audit option from PricewaterhouseCoopers SpA.


Revenue in 2012 amounted to $37.7 million (2011: $36.9 million) against expenditures of $37.1 million (2011: $36.2 million) resulting in an operating surplus of $564,000 for 2012. Financial support for our research programmes comes from a wide variety of government, foundation, corporate and private supporters, with the majority of our research support received through our participation and membership in the CGIAR Consortium.
A list of our financial supporters can be found  here (33 KB).

Our business plan calls for substantial growth over the next several years, as we diversify our funding base to implement the priority research programmes that will address risks to food and nutrition security, reduce rural poverty and ensure more sustainable management of natural resources.

We are seeing positive signs that a wider range of donors want to invest in the important agenda Bioversity International is pursuing. In 2012, we saw a significant rise in bilateral grants pledged, which will be realized in 2013 and onwards.

Some highlights of donor’s investments include:

  • The International Fund for Agricultural Development for their support to improve productivity and resilience for the rural poor through better use of crop diversity, and a range of other ongoing projects.
  • The Global Environment Facility (GEF) for their support on a wide range of initiatives, such as the 'Biodiversity for Food and Nutrition Project'.
  • The Government of Belgium for their steadfast partnership and major financing of our work on banana.
  • The Government of Switzerland for a grant that is advancing Bioversity’s global programme on seed systems resilience and participatory farmer research.
  • The Government of Luxembourg for their new, 3-year commitment for work in Central Asia on local fruit tree genetic resources.
  • The Government of Finland for their partnership in the framework of the FoodAfrica initiative, launched in 2012.

 

We were also able to further build our private philanthropy networks and reach out to new potential donors. In 2012, we were in positive dialogue with many significant trusts and foundations about flagship Bioversity initiatives, and expect to see some of these partnerships come to fruition in 2013. 

The Trustees of our UK charity were active in raising the profile of Bioversity International’s work, hosting two events to connect our organization to partners and donors, and to share information about how our research is making a difference to smallholder farmers in developing countries. Through the UK charity we received a significant pledge of support for our work to enable smallholders to access seed to help them cope with the effects of climate change.