WCPD Foundation is a 1-Star Charity. It is not financially transparent. It also has a low results reporting grade, meaning it reports very little on the results of its programs or activities. Before you give, read Charity Intelligence's report. 

Founded in 2006, WCPD (Wealth Creation, Preservation & Donation Inc.) Foundation is a public donor advised fund. It helps Canadian donors reduce their tax burden and distribute their donations to their chosen charities using flow-through shares. It also facilitates legacy giving using a similar model.

Since 1954, to encourage investment in exploratory mining operations, the CRA has offered a 100% tax deduction on shares in certain junior mining companies. WCPD Foundation purchases these shares on behalf of its clients and then immediately sells the shares at a discount. It then directs the proceeds to the donor’s chosen charities. The donor can deduct 100% of the money spent to purchase the shares and then the donor receives a tax receipt for its donation of flow-through shares. This model allows donors to decrease the amount they pay in taxes.

Since founding, the WCPD Foundation has distributed over 10,000 cheques to charities. It has facilitated over $350m in giving.

WCPD Foundation received $21.8m in donations in F2022. WCPD’s administrative costs are 6% of total revenues. It does not report fundraising costs. For every dollar donated, 94 cents are available to go to the cause. This is within Ci’s reasonable range.

WCPD’s revenue (after deferred adjustment) has increased by 58% from F2021. The Foundation received $63.9m in “units” from a redacted corporation. The nature of the units is also redacted. The Foundation sold the units in Feb. 2023. The charity reported the revenue from the sale of these units as deferred revenue.

WCPD Foundation reported broker fees of $4.9m in F2022. Broker fees as a percent of donor directed grants was 23% in F2022. Broker fees as a percent of Canadian donations was 22% in F2022.

WCPD Foundation is affiliated with a related party (name is redacted) by virtue of a common officer. In F2022, the related party charged $4.9m in broker fees to WCPD Foundation. At the end of F2022, $440k was still payable to the related party. During F2022, the related party donated $148k to the WCPD Foundation.

WCPD Foundation has total reserve funds of $75.0m. It can cover F2022 levels of program spending for three and a half years. 

The charity does not report any paid employees in its T3010 filing. 

This charity profile is an update that is currently being reviewed by WCPD Foundation. Changes and edits may be forthcoming.

Updated on August 6, 2024 by Ben Dobozy.