How we are funded

How we are funded

To assure financial sustainability of the Foundation, the Founding President, Professor F. S. Idachaba, OFR, has donated a robust portfolio of blue chips equities to the Foundation. The dividend income from the portfolio will fund the grant making activities of the Foundation into perpetuity. The capital endowment is expected to appreciate well ahead of inflation over time. The Foundation has no plans in the near future to seek or receive funds from outside this family endowment. This is based on our underlying self-reliance value by which we seek to conceptualize and implement this initiative of a small indigenous charity devoted to capacity building for policy-relevant research and scholarship and funded entirely, during the formative period, from family resources. This is based on our firm resolution not to set up a foundation by passing a collection plate around for donations from well-meaning friends. Rather, we are determined to demonstrate that much can be achieved within a self-reliance framework by resourcefully utilizing internally generated family resources to establish and fund the Foundation, propelled by the underlying values of integrity, accountability, sincerity of purpose and probity.

The Foundation has not sought and has not received any funds from outside the family, whether domestic or foreign, public or private. The Foundation has no plans to source funds from outside family resources in its formative period (3-5 years), if ever

The size of the Foundation endowed portfolio ensures that the dividend income will be adequate to fund envisaged grant activities of the Foundation. However, it is not sufficient for the endowment income of the foundation to be adequate on the average over a number of years if such income fluctuates wildly from year to year. High levels of instability of Foundation operational income will be very disruptive for Foundation grant giving activities. Accordingly, care has been taken to sufficiently diversify the equity portfolio of the Foundation to ensure more stable flows of Foundation operational income from year to year. This means that in our financial planning for the Foundation, we have taken into account both the level as well as the stability of annual Foundation income. The diversification strategy of the Idachaba Foundation aims at ensuring that the returns from the equities in the Foundation’s portfolio are sufficiently negatively correlated such that negative movements in the profit performances of some stocks are more than compensated by positive movements in the profit performances of other stocks in the portfolio.

47 Francis Okediji Street, Bodija, U.I P.O.Box 19906, Ibadan, Nigeria. Phone: 234-803-3605124; 234-2-8104933. Fax: 234-2-8104933. Email: ifres@skannet.com

How we are funded

47 Francis Okediji Street, Bodija, U.I P.O.Box 19906, Ibadan, Nigeria. Phone: 234-803-3605124; 234-2-8104933. Fax: 234-2-8104933. Email: ifres@skannet.com


How we are funded	What's new

To assure financial sustainability of the Foundation, the Founding President, Professor F. S. Idachaba, OFR, has donated a robust portfolio of blue chips equities to the Foundation. The dividend income from the portfolio will fund the grant making activities of the Foundation into perpetuity. The capital endowment is expected to appreciate well ahead of inflation over time. The Foundation has no plans in the near future to seek or receive funds from outside this family endowment. This is based on our underlying self-reliance value by which we seek to conceptualize and implement this initiative of a small indigenous charity devoted to capacity building for policy-relevant research and scholarship and funded entirely, during the formative period, from family resources. This is based on our firm resolution not to set up a foundation by passing a collection plate around for donations from well-meaning friends. Rather, we are determined to demonstrate that much can be achieved within a self-reliance framework by resourcefully utilizing internally generated family resources to establish and fund the Foundation, propelled by the underlying values of integrity, accountability, sincerity of purpose and probity.

The Foundation has not sought and has not received any funds from outside the family, whether domestic or foreign, public or private. The Foundation has no plans to source funds from outside family resources in its formative period (3-5 years), if ever

The size of the Foundation endowed portfolio ensures that the dividend income will be adequate to fund envisaged grant activities of the Foundation. However, it is not sufficient for the endowment income of the foundation to be adequate on the average over a number of years if such income fluctuates wildly from year to year. High levels of instability of Foundation operational income will be very disruptive for Foundation grant giving activities. Accordingly, care has been taken to sufficiently diversify the equity portfolio of the Foundation to ensure more stable flows of Foundation operational income from year to year. This means that in our financial planning for the Foundation, we have taken into account both the level as well as the stability of annual Foundation income. The diversification strategy of the Idachaba Foundation aims at ensuring that the returns from the equities in the Foundation’s portfolio are sufficiently negatively correlated such that negative movements in the profit performances of some stocks are more than compensated by positive movements in the profit performances of other stocks in the portfolio.



47 Francis Okediji Street, Bodija, U.I P.O.Box 19906, Ibadan, Nigeria. Phone: 234-803-3605124; 234-2-8104933. Fax: 234-2-8104933. Email: ifres@skannet.com