Our Accounts
Mack Alix Mushitsi
The MSF Foundation aims to ensure transparency and proper use of funds received from public generosity, and to being accountable to its donors. Each year, our accounts are audited by our external auditors, Ernst & Young.
In 2025, the Foundation continued its consolidation efforts while also undertaking several structural transformations.
The year was marked by significant investment decisions, particularly in support of the AI4CC project and the research activities associated with the PAVE study. In a context of declining international funding, the Foundation succeeded in mobilizing substantial funding during the year, thereby ensuring the continuity of its activities and the production of its first scientific results.
At the same time, the Foundation continued to roll out its rehabilitation development project across multiple field sites and pursued exploratory work aimed at identifying new responses to the needs of MSF teams. Throughout the year, Crash activities contributed to the analysis of humanitarian practices and challenges. These advances and developments were made possible thanks to the generosity of donors, who renewed their support and thereby strengthened the Foundation’s capacity to act.
In 2025, the total amount allocated to supporting MSF operations reached €3.692 million. Cash flow and financial investments remained relatively stable, representing 8.5 months of activity, which helps secure funding for ongoing and future projects.
- Overall:
82% of expenditure was dedicated to project funding
10% to fundraising
8% to operational costs
2025 Annual Report
- Chair's report
- Activity report
- Treasurer's report