Community Foundation of Ottawa
Ottawa, ON K1P 5E7
President & CEO: Barbara McInnes
Board Chair: Brian Toller
Charitable Reg. #: 11922 7981 RR0001
Social Results Reporting
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #12
Avg. Compensation $78,924
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||2|
|$40k - $80k||5|
About Community Foundation of Ottawa:
Founded in 1987, the Community Foundation of Ottawa nurtures philanthropy and works with partners to have an enduring impact on communities. The Foundation pools the charitable gifts of many donors into a permanent, income-earning endowment that benefits the community at large and fulfils the philanthropic objectives of individual donors. Grants are made to charities from the earnings of these funds to seed, nurture and support initiatives that strengthen the Ottawa community.
In F2011, the Foundation granted $5.4m to 462 charities in the following sectors: social services (24%), religion (22%), health (15%), education (12%), children and youth (12%), arts and culture (7%), scholarship (4%), environment (2%), and other (2%). The Foundation has approximately 650 endowment funds, including 20 funds established in F2011.
Administrative costs are 20% of revenue and the Foundation reported no fundraising costs. The Foundation has funding reserves of $92.6m (including $84.6m of donor-endowed funds), which cover annual program costs 31.2 times. The Foundation pays external investment management fees of up to 1% annually. It charges service fees of 1.5% on the first $5m of an endowment fund, 0.75% on the next $5m, and 0.25% on any excess over $10m. It charges service fees of 2% on scholarship funds and flow-through gifts. The Foundation had a 9.4% return on investment in F2011 and a 10-year average return of 5.5%.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||20.2%||14.0%||15.0%|
|Fundraising costs as % of donations||0.0%||0.0%||0.0%|
|Program cost coverage (%)||3,117.6%||1,630.5%||1,431.0%|
Summary Financial StatementsAll figures in $000s
|Fees for service||13||11||9|
|Cash flow from operations||(3,336)||4,572||2,884|