L’Ouvre Léger

130 Avenue Of The Swoard
Montreal, QC H2V 3T2
Executive Director: Norman MacIsaac
Board Chair: Andre Dostie

Website: www.leger.org
Charitable Reg. #: 11892 3689 RR0001
Sector: International Aid
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

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 #26

Avg. Compensation $70,034

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 3
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About L’Ouvre Léger:

The Jules and Paul-Emile Leger Foundation originally formed in 1981 and later joined forces with its divisions in 2008 to form L'Ouvre Léger (LEGER). LEGER raises funds to finance projects in Quebec, Africa, Asia and Latin America that help people living in hunger and poverty or reduce social exclusion of marginalized people. As such, LEGER divides the projects it funds into two major program areas: food security and social inclusion. LEGER splits its program spending into Canadian and International activities – in F2015, international programs were 77% of program costs and Quebec programs were the remaining 23%.

L'Ouvre Léger funded 55 food security projects in Quebec in 2015, improving the lives of 42,238 people. In Latin America, 6 food security projects received funding in Bolivia, Peru and Haiti. In Asia, 1 food security project received funding in India. In Africa, 9 food security projects received funding in Burkina Faso, Mali, Ethiopia and Cameroon. Collectively, international food security projects funded by LEGER in 2015 improved the lives of 93,664 people.

Social inclusion is L'Ouvre Léger's other major funding priority. LEGER funded 17 projects in Quebec in 2015, improving the lives of 41,772 people. Internationally, LEGER funded 2 social inclusion projects in Latin America (Peru and Haiti), 2 projects in Africa (Burkina Faso and Kenya) and 6 projects in Asia (India, the Philippines and Nepal) in 2015. Collectively, LEGER's international social inclusion projects improved the lives of 41,993 people.

L'Ouvre Léger's Humanitarian Aid program responded to the 2015 Nepal earthquake that caused more than 9,000 deaths and left over 8 million people in extreme poverty. LEGER reports that it helped over 10,000 children affected by the disaster through the 16 child-friendly spaces it set up across Nepal.

Financial Review:

L'Ouvre Léger is a big-cap charity with total donations of $11.6m in F2015. F2015 donations spiked 180% from the year before due to $9.9m in bequests, up 400% from F2014. Administrative costs are 7% of revenues and fundraising costs are 11% of donations. $0.18 of every donated dollar goes to overhead costs, which falls within Ci's reasonable range for overhead spending. However, F2014 overhead spending fell above Ci's reasonable range, at $0.52 on the dollar.

L'Ouvre Léger reports investment income of $1.9m in F2015, earning a 5.1% return on investment. Investment income of $3.5m in F2014 earned a 9.9% return on investment. The charity's investments are held mostly in fixed income and equities (53% bonds and 44% equities in F2015).

L'Ouvre Léger holds funding reserves of $46.5m, of which $4.8m are endowed. Excluding endowed funds, L'Ouvre Léger's reserves can cover annual program costs for 6.8 years.

This charity report is an update that is currently being reviewed by L'Ouvre Léger. Changes and edits may be forthcoming.

Updated on August 10, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 6.5%20.7%16.9%
Fundraising costs as % of donations 11.2%31.1%42.1%
Program cost coverage (%) 733.4%919.2%642.7%

Summary Financial Statements

All figures in $000s
201520142013
Donations 11,6344,1503,846
Government funding 2,6175961,589
Business activities (net) (518)(238)2
Investment income 1,9213,5323,513
Total revenues 15,6548,0408,950
Program costs - International 5,0682,9234,411
Program costs - Canada 1,2661,2811,418
Administrative costs 892933920
Fundraising costs 1,3071,2891,618
Other costs 404348
Cash flow from operations 7,0801,571534
Funding reserves 46,45338,64137,461
Note: Ci recognized restricted fund contributions in donations, increasing revenues by $42k in F2014 and $58k in F2013. Ci reported annuities contracted net of annuities paid in business activities, decreasing revenues and expenses by $2.2m in F2015, $2.1m in F2014 and $2.1m in F2013. Ci backed out amortization of capital assets on a pro-rata basis from program, administrative and fundraising costs. Ci adjusted for fundraising allocations to program costs, increasing fundraising by $252k in F2015, $203k in F2014 and $192k in F2013. Life insurance premiums are reported in other costs. Ci reported changes in provisions for future benefits and change in assumptions and methodology as non-cash expenses to better represent operating cash flows.

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