Due Diligence Policy – Kifaf Welfare Foundation

Kifaf Welfare Foundation is a registered non-profit organization under Section 42, dedicated to advancing welfare, education, vocational training, IT empowerment, moral development, recycling initiatives, and charitable support across Pakistan.
The Foundation is committed to the highest standards of transparency, accountability, and compliance in all its operations and partnerships.

Organizational Due Diligence

The Foundation ensures that all partner organizations, vendors, and beneficiaries align with its charitable and ethical standards. Due diligence involves the following steps:
- Review of incorporation documents, by-laws, and governing structure of partner organizations.
- Verification of registration with relevant government authorities.
- Assessment of organizational reputation and experience through field visits and references.
- Screening of all associated individuals and entities against national and international ineligibility and anti-terror lists.
- Review of financial reports, budgets, and audit statements to ensure accountability.

Project Due Diligence

Before approving any grant, project, or collaboration, the Foundation conducts detailed evaluations including:
- Pre-project feasibility assessments and compliance checks.
- Formal project agreements outlining roles, deliverables, and monitoring procedures.
- Regular reporting requirements, both narrative and financial, from grantees.
- Segregation of project funds and transparent use of resources.
- Site monitoring and periodic evaluation to ensure impact and adherence to objectives.

Compliance and Monitoring

The Foundation strictly complies with SECP, FBR, and other relevant regulatory bodies. It maintains complete records of all donations, partnerships, and expenditures.
Annual audits are conducted by registered auditors, and financial statements are shared with stakeholders and regulators as required.

Commitment to Ethical Operations

Kifaf Welfare Foundation is committed to preventing the misuse of funds for any unlawful or unethical purposes. All due diligence measures are taken to ensure that grants and donations are used solely for welfare and charitable objectives.

Website: www.kifaf.org | Email: info@kifaf.org