LDS Charities, sponsored by The Church of Jesus Christ of Latter-day Saints, has provided relief and development projects in 179 countries, largely through volunteers. LDS Charities contributes volunteer labour to support emergency response, clean water, wheelchair distribution, neonatal resuscitation training, vision care and food production. The LDS Church supports immunisation as a major humanitarian initiative. Toward this goal, LDS Charities has contributed USD 7 million through the Gavi Matching Fund to purchase vaccines and support immunisation programmes in Gavi-supported countries. This commitment already has brought significant resources, visibility and tens of thousands of volunteers to support vaccine rollouts.
During Gavi’s 2015 Pledging Conference in Berlin, LDS pledged an additional USD 1 million for 2015 through the Matching Fund. Contributions received between 2012 and 2015 have been matched by the Bill & Melinda Gates Foundation. In 2016, LDS Charities contributed an additional USD1.2 million in support of Gavi’s vaccine programs, and in 2017, LDS Charities contributed an additional USD 1 million to further support Gavi’s vaccine programs. In 2019, LDS Charities contributed an additional USD 2 million in support of Gavi’s vaccine programs.
Contributions and pledges in total:
Note: Proceeds are funds made available to Gavi from donor contributions and commitments, either through cash payments made to Gavi, through frontloading via the capital markets of a future donor commitment to IFFIm, or through AMC funds released to Gavi via the World Bank. IFFIm proceeds are allocated over five-year periods coinciding with Gavi’s strategic periods. Proceeds for the current and future strategic periods are indicative until the end of each period and could be revised following changes in market conditions (interest rates or foreign exchange rates), the signing of new pledge(s) and/or changes in IFFIm’s disbursement profile.
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Direct Contributions (including Matching Fund)
Received contributions: non-US$ contributions for 2000-2019 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2019, where contributions were hedged to mitigate currency risk exposure, these have been expressed using the rates applicable to the hedge agreement.
Future contributions: non-US$ Direct Contribution and Matching Fund pledges for years 2020 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 31 December 2019 or using the rates applicable to any hedge agreement in place.
Received contributions: non-US$ contributions for 2000-2019 are expressed in US$ equivalents as confirmed by the IBRD (World Bank)
Future contributions: non-US$ contributions for years 2020 and beyond are expressed in US$ equivalents as follows:
Where the contribution agreement has been signed: contributions are expressed in US$ equivalents using the exchange rates at the time of signing the respective donor grant agreements
Where the contribution agreement has not yet been signed: contributions are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 31 December 2019
Due to IFFIm’s nature as a frontloading vehicle, yearly contributions paid into IFFIm can differ significantly from yearly proceeds transferred to Gavi. While IFFIm grants are irrevocable and legally binding, they are subject to a Grant Payment Condition that can potentially reduce the amount due in the event that a programme country is in protracted arrears with the International Monetary Fund. As of 31 December 2019, IFFIm donor grant payments are reduced by 1.5%, however such reductions are not reflected in future contributions figures.