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Canadian Women's Foundation

133 Richmond Street W., Suite 504
Toronto, ON M5H 2L3
President & CEO: Paulette Senior
Board Co-Chair: Dr. Kristin Blakely

Website: www.canadianwomen.org
Charitable Reg. #: 12985 5607 RR0001
Sector: Social Services - Women
Public Foundation

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #41

Avg. Compensation $60,978

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 2
$120k - $160k 0
$80k - $120k 4
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Canadian Women's Foundation:

Founded in 1991, Canadian Women’s Foundation (CWF) works toward gender equality by providing physical, financial, and emotional support to women. The charity funds organizations that work within 4 program areas: Out of Violence, Empowering Girls, End Sex Trafficking and Out of Poverty.

Programs to end violence against women received 52% ($2.1m) of available funding in F2017. Half of all women in Canada have experienced physical or sexual violence at least once in adulthood, and a woman is killed by her spouse every 6 days. Treating survivors of spousal violence costs Canadians $7.4b every year. In F2017, Canadian Women’s Foundation funds organizations such as emergency shelters and provides counselling services which treat the effects of violence.  Communities receive educational programs with the intention of preventing violence. 

Canadian Women’s Foundation allocated 27% ($1.1m) of F2017 funding to programs which empower girls and help them grow as leaders. These programs encourage skill development through participation in science, technology, and sports. Girls develop self-confidence through celebrating culture in indigenous communities, thinking critically about negative messages in media, and accessing mentors.

In F2017, Canadian Women’s Foundation provided 15% ($617k) of funding to end trafficking of women in Canada, and 6% ($229k) to economically empower women.

Results and Impact: Of the youth who completed girls’ programs, 92% felt more confident, and 80% felt better about themselves. Of the same group, 72% reported strengthened friendships, 72% felt safer at school, and 69% had greater pride in their cultural group.

In teen relationship educational programs, 90% of participants said they learned how to identify an abusive relationship.

Financial Review:

Canadian Women’s Foundation is large, with donations and special events fundraising totaling $4.8m in F2017. Administrative costs are 24% of revenues and fundraising costs are 29% of donations. Per dollar donated, $0.48 goes to the cause. This falls outside Ci’s reasonable range for overhead spending.

Over the past 2 years, annual donations have fallen by 52%. During the same period, program costs were reduced by 37%. 

The charity’s funding reserves of $19.9m include a $222k endowment fund. Excluding endowed funds, the charity's reserves can cover annual program costs for just under 5 years.

Based on the ending value of investments from F2016 and F2017 investment income less unrealized losses, Canadian Women’s Foundation reported a return on investments of less than 3%.

 

Updated on May 24, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 23.8%27.5%20.2%
Fundraising costs as % of donations 28.8%29.6%16.4%
Program cost coverage (%) 480.3%399.3%338.4%

Summary Financial Statements

All figures in $000s
201720162015
Donations 4,2605,1708,895
Government funding 4672180
Fees for service 0244
Special events 542429516
Investment income 5081,079814
Total revenues 5,7776,92110,229
Program costs 1,4191,9731,974
Grants 2,7213,2304,606
Administrative costs 1,2521,6051,901
Fundraising costs 1,3811,6571,542
Cash flow from operations (995)(1,543)207
Funding reserves 19,88220,77222,265
Note: Ci did not report amortization in administrative expenses, reducing administrative costs by $7k in F2017, $10k in F2016, and $11k in F2015.

Comments added by the Charity:

The economic downturn has been difficult for most non-profit organizations in Canada. The Canadian Women’s Foundation was no exception.

The Foundation invested $1.5M of its internally restricted reserves as well as investment income to finance the operations and fundraising activities in 2015-2016 to ensure the majority of each donated dollar was directed to our mission.

Our charitable ratio remains strong at 61% (program expenses as a % of total expenses).

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