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TCF’s Financial Disclosures are the best in South Asia

The Citizens Foundation (TCF) is the winner of South Asia’s “Best Presented Annual Report Award 2019” in the Non-Government Organization category, as declared by SAFA – the South Asian Federation of Accountants.

SAFA is a forum of the highest-ranking accounting bodies in the South Asian Association for Regional Cooperation (SAARC) area, which includes Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.

The SAFA Committee for Improvement in Transparency, Accountability, & Governance (ITAG) announces awards for best presented annual report each year on the basis of its evaluation of published annual reports entries from aforementioned South Asian countries.

TCF has been declared the winner of the “Best Presented Annual Report” for the fourth time. Previously, it has received the Runner-up award and Certificate of Merit multiple times.

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“TCF has always been committed to the highest standards of ethical principles, governance, and transparency in its disclosures,” said Syed Asaad Ayub Ahmad, President, and CEO, TCF. “We give it all to ensure that our donors and other stakeholders know how much donations are being raised and how they are being utilized for various programmes within TCF.”

Established in 1995, “TCF is perhaps the largest network of independently run schools in the world.” as quoted by “The Economist.” It is educating 266,000 deserving students across its network of 1,625 schools in Pakistan where girls make up 50% of the classroom.
About The Citizens Foundation (TCF):

TCF is a non-profit organization set up in 1995 by a group of citizens to bring about positive social change through education. 25 years later, TCF is now one of Pakistan’s leading organizations in the field of education for the less privileged, educating 266,000 students across 1,652 schools in Pakistan.

The TCF model focuses on providing quality education through purpose-built schools located in the heart of Pakistan’s urban slums and rural communities. The organization ensures that girls represent nearly 50% of overall student enrolment. To magnify its impact, improve enrolment and quality of education, TCF also adopts Government schools across Pakistan.

NewsDesk

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