To demonstrate the singularity of Pakistan’s heritage textiles and how different communities that have inhabited this land have contributed to it.
The museum is supported by The Hasan A. Foundation, a private charitable foundation and is a tribute by two individuals to the city of Karachi, in one case by virtue of birth and in the other, by adoption. The collection on display and the Museum are private: the land, the structure, the objects and the toil have all been provided by a single family. The family’s beliefs embrace compassion and respect for others, a commitment to diversity in thought and action and a culture that encourages debate but not discord.
The Foundation is currently managed by a five-member board of directors. None of the Directors draw a salary or honorarium. The Board is led by Nasreen Askari and includes Hasan Askari, Dr. Zafar Iqbal Qureshi, Aqueel Merchant and Sehr Askari.
The Foundation is audited by BDO Ebrahim & Co., a leading firm of auditors with an international association; extracts from the audited accounts as of 30th June, 2024 are attached. The Foundation’s legal advisors are Haidermota & Co.
The Foundation has received certification from the Pakistan Centre for Philanthropy (PCP) and tax exemptions from the Federal Board of Revenue of Pakistan (FBR). The PCP is an independent, autonomous organization that assesses and certifies that not-for-profit organizations operating in Pakistan are following all applicable laws of the country and internationally accepted rules of governance.
EXTRACT FROM THE ANNUAL AUDITED ACCOUNTS OF THE FOUNDATION
* Total adjusted administrative expenses are calculated by deducting Depreciation.
To date the Foundation has been funded entirely by the family of Nasreen and Hasan Askari and the premises for the Foundation and the Haveli have been provided by the Family free of cost, on a ten-year license, as have the objects that will be on display.
Once the Haveli is operational, the Foundation hopes to be able to attract financial resources from other institutions and individuals to support specific requirements such as acquisitions of objects, conservation, repair and restoration of the premises or an extension to the museum building. These funds will be segregated so that any donations received may only be used for the specific purpose for which they have been donated.
Subject to individual circumstances and the tax status of the Foundation, donations may be tax exempt.