Canadian Women's Foundation

133 Richmond Street W., Suite 504
Toronto, ON M5H 2L3
President & CEO: Sheherazade Hirji
Board Co-Chair: Crystal Laborero

Charitable Reg. #: 12985 5607 RR0001
Sector: Social Services - Women
Public Foundation

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: B+

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #37

Avg. Compensation $80,914

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 0
$80k - $120k 5
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Canadian Women's Foundation:

Founded in 1991, the Canadian Women's Foundation aims to end violence against women, move women out of poverty and build strong resilient girls. It hopes to achieve this through funding, researching and promoting best practices. In particular, the Foundation focuses on women and girls who face the highest risk, such as those with disabilities, those living in rural communities, new immigrants and Aboriginals. In F2015, the Canadian Women's Foundation issued 108 major grants, with 22 of those grants directed towards Aboriginal women and girls. If also reports that its funded programs reached 46,408 people in F2015.

The Canadian Women's Foundation's Violence Prevention Fund supports emergency shelters and programs that help survivors rebuild their lives through counselling, legal advice and loan programs. It also invests in Teen Healthy Relationships programs to help high school students recognize the warning signs of abuse. In F2015, the Foundation invested in 17 Teen Healthy Relationships programs, 42 Violence Prevention programs, 7 programs to help end sex trafficking, and 455 women's shelters.

The Foundation's Girls' Fund invests in activities for at-risk girls, ranging from science and technology to sports and leadership. In F2015, it invested in 32 programs serving girls aged 9 to 13.

The Foundation's Economic Development Fund supports programs that help low-income women launch businesses, learn a skilled trade, or gain work experience. In F2015, the program provided 9 grants.

The Canadian Women's Foundation reports that its long-term goal is to build an endowment fund that is large enough to generate investment income sufficient to cover its administrative expenses. In the long-term, this will allow all of its donations to be put towards its programs.

Financial Review:

The Canadian Women's Foundation is a large charity, with donations of $8.9m in F2015. Its administrative costs at 20% of revenues is significantly higher than the 14% in F2013. This is driven by higher salaries and benefits in F2015. Its fundraising costs were 16% of donations in F2015. For every $1 donated to Canadian Women's Foundation, 63 cents is put towards its programs, just falling within Ci's reasonable range. The charity's funding reserves of $22.3m include $5.7m in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover 2.6 years of program costs.

This charity report is an update that is being reviewed by Canadian Women's Foundation. Changes and edits may be forthcoming.

Updated on May 25, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending August
Administrative costs as % of revenues 20.2%20.4%13.9%
Fundraising costs as % of donations 16.4%16.9%17.7%
Program cost coverage (%) 338.4%299.7%264.4%

Summary Financial Statements

All figures in $000s
Donations 8,8959,5259,439
Government funding 0063
Fees for service 4306
Special events 516448434
Investment income 8143,205886
Total revenues 10,22913,20810,828
Program costs 1,9742,9442,164
Grants 4,6064,4995,408
Administrative costs 1,9012,0401,386
Fundraising costs 1,5421,6831,749
Cash flow from operations 2072,042122
Funding reserves 22,26522,30720,018
Note: Ci has adjusted amortization affecting expenses by ($11k) in F2015, by ($10k) in F2014, and by ($13k) in F2013. The charity has requested that Ci include investment income in the calculation of administrative costs as a percentage of revenues. 

Comments added by the Charity:

The increase in administrative costs from 2013 is related to our strategic infrastructure development plan, which included the establishment of a Calgary office and changes in staffing structure.

Of the $22.2m funding reserve, $16.4 is in a Board-restricted endowment fund. The Board-restricted endowment fund results from general bequest, in memorial donations, and funds moved from Donor restricted to Board restricted because the 10 year restrictions, when these gifts were originally made, have now been completed. The Board restriction of these funds is in keeping with the wishes of the donors or families of the deceased wanting to ensure the long-term sustainability of the Foundation. The Board nominated to restrict the use of this principal for an undefined period in order to build the Foundation’s capital or endowment. Only income generated from the reserve fund is immediately available to the Foundation.

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