South Saskatchewan Community Foundation
Regina, SK S4S 6Y3
Executive Director: Susanne Hamilton
Board President: Doug Johnson
Charitable Reg. #: 89027 1448 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 #1
Avg. Compensation $70,894
Top 10 Staff Salary Range
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|$160k - $200k||0|
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About South Saskatchewan Community Foundation:
Founded in 1969, the South Saskatchewan Foundation pools and invests donations and distributes the income earned as grants that support community projects. The Foundation encompasses over 300 communities, including 7 cities. It funds a broad spectrum of interests, including arts and culture, health, education, sports and recreation, social services, youth, seniors, relief of poverty, animal welfare and the environment.
The Foundation has expanded rapidly over the last decade, from granting $60k in 2000 to granting $2.2m in 2011. It supported more than 135 charities in 2011.
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 the South Saskatchewan Community Foundation, if there is sufficient donor interest.
Administrative costs are 5% of revenue and the Foundation reported no fundraising costs. The Foundation has funding reserves of $27.2m (including $26.8 of donor-endowed funds), which cover annual program costs 12.6 times. The Foundation paid investment management fees of $117k in F2011. ROI and investment management fees charged on endowment accounts are not disclosed.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||4.6%||7.1%||10.8%|
|Fundraising costs as % of donations||0.0%||0.0%||0.0%|
|Program cost coverage (%)||1,255.2%||1,764.6%||2,211.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||2,463||1,765||699|