6 Mont-Marie Rd
Lévis, QC G6V 1V9
Managing Director: Nancy Lee
Board Chair: Guy Cormier

Charitable Reg. #:89366 3658 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 1/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.

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About Fondation Desjardins:

Founded in 1970 by Desjardin Group, Fondation Desjardins’ mission is to support education. The charity operates mainly in Quebec with an office in Levis. Desjardins aims to encourage young people to stay in school by awarding scholarships to students, grants to schools (its Prizes program), and grants to partner organizations. In F2020, the charity helped 322,000 young people.

Scholarships accounted for 41% of program spending in F2020. Desjardins awarded 1,123 scholarships totalling $1.7m in F2020. This is a 75% increase in the number of scholarships compared to 641 in F2019 for a total of $1.1m. In order to be eligible for a scholarship, the student must be a member of a Desjardins Caisse in Quebec or of the Desjardins Ontario Credit Union.

Grants to partner organizations accounted for 32% of program spending in F2020. Desjardins Foundation granted $1.3m to 27 organizations in F2020. The charity reports its grants allowed partner organizations to provide direct assistance to 146,000 young people and 113,000 parents. 

Desjardins’ Prizes program accounted for the final 27% of program sending in F2020. The program grants to school and community leaders to carry out projects benefiting kindergarten, elementary and high school students. 421 projects were supported helping 62,000 youth in F2020. In addition to projects in Quebec and Ontario, the charity also supported projects in Alberta and New Brunswick for the first time in F2020.

Desjardins also collects endowment funds and distributes investment income to donor chosen organizations. In F2020, $1.8m was distributed to 147 donor-selected charities.

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Results and Impact

Charity Intelligence did not find any quantified outcomes reported on Fondation Desjardins' website. This charity is not yet rated on impact (n/r).  

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Fondation Desjardins has donations of $7.7m in F2020. Administrative costs are 2% of revenues (less investment income). The charity did not report fundraising costs in F2020. For every dollar donated, 98 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending due to potential lack of disclosure on costs.

Fondation Desjardins is related to the Fédération des caisses Desjardins du Québec. Most of the Foundation's donations come from the Desjardins Group and Caisses (credit unions).  

Fondation Desjardins has $66.3m in funding reserves, of which $342.6m is donor endowed. Excluding donor-endowed funds, the charity could cover 651% or around six and a half years of annual granting activity.  

This new charity report has been sent to Fondation Desjardins for review. Changes and edits may be forthcoming. 

Created on August 11, 2021 by Brenleigh Jebb.  

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 1.6%1.3%0.0%
Fundraising costs as % of donations 0.0%1.1%0.5%
Total overhead spending 1.6%2.4%0.5%
Program cost coverage (%) 650.9%561.1%1,030.1%

Summary Financial Statements

All figures in $000s
Donations 7,7446,7718,073
Investment income 4,3724,628(35)
Other income 002
Total revenues 12,11611,3998,040
Grants 5,7664,9283,039
Administrative costs 121880
Fundraising costs 07741
Total spending 5,8875,0933,080
Cash flow from operations 6,2296,3064,960
Funding reserves 66,25256,42947,737

Note: To report on a cash basis, Ci included changes in subscriptions received decreasing donations by $2.6m in F2020 and $2.1m in F2019. Ci reported other expenses as administrative costs. Ci reported negative expenses as revenue in F2018, affecting revenues and expenses by $2k. The charity did not report administrative costs in F2018. Fondation Desjardins did report any employees on its employee compensation section on its T3010 filing with the CRA.     

Salary Information

Full-time staff: 0

Avg. compensation: $0

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.desjardins.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 418-835-2090


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Charitable Registration Number: 80340 7956 RR0001