Vancouver, BC V6B 4N6
President & CEO: Faye Wightman
Board Chair: Gordon MacDougall
Charitable Reg. #: 11928 1640 RR0001
Grade: NRCharity not yet rated on the public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #59
Avg. Compensation $56,409
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||3|
|$80k - $120k||6|
|$40k - $80k||0|
About Vancouver Foundation:
The Vancouver Foundation (VF) started in 1943 with Alice MacKay – one woman with a strong vision. MacKay, a secretary, wanted her savings of $1,000 to help homeless women trapped in a cycle of poverty. 10 other community leaders each contributed $10,000, creating Vancouver Foundation. Today VF is the largest of Canada’s 163 community foundations with more than 1,400 endowment funds with a total market value of almost $747 million. VF bi-annually reports Vital Signs that takes Vancouver’s pulse and identifies community priorities.
The purpose of VF is to make it easy for donors to give back and create ongoing legacies. VF also manages approximately 550 endowment funds established by charities to provide a consistent income. Last year, VF distributed $41.4 million to charities; 14% to community impact funds, 46% donor-directed grants, 36% charity funds granted to the charity.
Notice to Donors: Charity Intelligence initially reported on community foundations given the large size of donations these foundations receive. In subsequent research and discussions with community foundations, their operating model does not fit with Charity Intelligence's analysis. Community foundations have significantly different cost structures, invested funds, and results that are not comparable with other charities. Donors looking to establish funds within community foundations should assess: 1. prior investment return track records, 2. restrictions on how much is paid out of funds each year to charities (the payout ratio maximum and minimum), 3. the quality of research provided in helping donors grant to charities, and 4. annual fees. Community foundations can provide services making giving easy, as do other financial service providers. Donors should talk with their financial advisor.
Charity Intelligence can update this report on Vancouver Community
Vancouver Foundation received $36.0 million in contributions from donors and charities. Administrative costs are 11.4% of revenues. Fundraising costs are 1.9% of donations. VF’s purpose is to accumulate funds. Its funding reserves of $747.0m cover annual program costs 1,696% - or inversely, VF’s paid out 6% of funds to charities. Nearly all (99%) of VF’s funding reserves are restricted by donors and charities.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||11.4%||7.3%||3.5%|
|Fundraising costs as % of donations||1.9%||2.2%||1.4%|
|Program cost coverage (%)||1,695.9%||1,418.1%||1,135.3%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(664)||25,872||60,309|