Children's Aid Foundation

25 Spadina Road
Toronto, ON M5R 2S9
President & CEO: Valerie McMurtry
Board Chair: Lynn Factor

Website: www.cafdn.org
Charitable Reg. #: 10807 6480 RR0001
Sector: Social Services - Youth
Public Foundation

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

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $65,051

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 4
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Children's Aid Foundation:

Founded in 1979, the Children's Aid Foundation (CAF) seeks to improve the lives of children in the child welfare system. In 2009 a reported 76,000 children are in foster care, group homes and living with other family members due to abuse or neglect. At this time, a further 250,000 children across Canada are being monitored and receiving support from child protection agencies who may potentially be at risk of abuse, neglect or extreme poverty. This oversight ends when a youth is 18 or 19. Each year, 2,300 youth "age out" of the child welfare system. Children in child welfare are high-risk; only 44% graduate from high school (half the Canadian average) and experience a far greater likelihood of homelessness, incarceration and teen pregnancy.

CAF raises funds to fill the gaps to provide enrichment activities like sports, camp, and music – the numerous incidental costs of raising kids not covered by others. In addition, CAF funds educational scholarships and grants to support former youth, up to age 26, attend university and college ($1.2m in F2015 vs. $1.6m in F2014). There is an important distinction CAF highlights: child welfare agencies, like Children's Aid Society, are solely responsible for frontline child protection, investigations, adoptions and working with foster and group homes (funded by governments) whereas CAF's focus is fundraising to support these child protection agencies. In F2015, CAF funded 54 child welfare agencies and youth charities. Through these grants, CAF supported 20,352 children in F2015, a 3% decline from the 21,037 children supported in F2014.

In 2015, CAF raised $9.9m in donations and fundraising events and funded $7.4m in children's programs and grants. In F2015, CAF made $4.9m in grants to 54 children's aid societies and other youth charities. Taking CAF's total grants and programs, the average support to each child served is $363 in F2015 vs. $313 in F2014. In F2014, the largest grants were $3.2m to the Toronto Children's Aid Society (65% of total grants), $113k to various children's aid services in Halifax, and $114k to the Ottawa Children's Aid Foundation. For 2014-2019 CAF's goal is to raise $60m for programs in 5 areas: health (to access mental and physical supports), education (to improve high school graduation rates), crisis and permanence (to provide strong family supports), identity, inclusion and equity (programs for minorities like immigrants, Aboriginal and LGBTTQ) and youth leaving care.

Financial Review:

In F2015, CAF raised $9.9m in donations and fundraising events, a 3% increase over F2014. From total revenues, 54% was spent on programs and grants to children's aid societies compared with 39% in F2014. Administrative and overhead costs are 10% of total revenues and fundraising costs are 28% of donations. In F2015 CAF had a $2.6m surplus of funds (19% of total revenues) that was added to funding reserves. CAF manages total funds of $47.1m of which $17.1m belong to the Toronto Children's Aid Society and $7.3m are endowed by donors. Excluding these externally-restricted funds, CAF has unrestricted funding reserves of $24.5m that cover its annual program costs and grants for 3.7 years.

Profile updated on November 9, 2015 by Kate Bahen.

This charity report is an update that is being reviewed by CAF. Changes and edits may be forthcoming.

Financial Ratios

Fiscal year ending April
201520142013
Administrative costs as % of revenues 10.0%10.0%12.5%
Fundraising costs as % of donations 28.1%33.0%33.8%
Program cost coverage (%) 637.1%677.4%522.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 6,9975,7745,712
Business activities (net) 450504502
Special events 2,8953,8240
Investment income 3,4187,0751,838
Total revenues 13,76017,1779,518
Program costs 2,4922,737443
Grants 4,9023,9227,092
Administrative costs 1,0321,0101,193
Fundraising costs 2,7813,1682,188
Cash flow from operations 2,5526,339(1,398)
Funding reserves 47,11245,11339,327
Note: Ci shows fundraising costs as gross, before deducting direct fundraising costs.

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