Canadian Legacy Project

Suite 900, 2424 – 4th Street SW
Calgary, AB T2S 2T4
President: David Howard
Treasurer: Judy Dean

Charitable Reg. #:82478 8202 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

61%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.



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Programs

About Canadian Legacy Project:

Founded in 2008, Canadian Legacy Project (CLP) fundraises for programs that help Canadian veterans adjust to civilian life. It works to support veterans in need of basic necessities such as food, clothing, and shelter. Canadian Legacy Project focuses on funding services that are not currently offered by Veterans Affairs Canada.

Canadian Legacy Project reports that it funds seven main programs: Got Your Six, Entrepreneurial Training, University Bursary, Education, Housing, Food for Service Dogs, and Food Bank.

The Got Your Six program funds fly-fishing outings for veterans to connect with peers and stay active. The Entrepreneurial Training program works with Mount Royal University (MRU) to provide a course in small business ownership for veterans. CLP’s University Bursary program offers funding for veterans to pursue a degree at MRU. The Education program funds Canadians at Arms, an online site that records and teaches Canada’s military history. CLP’s Housing program funds the construction of housing units for veterans. The Food for Service Dogs program sends dog food to veterans to lower their monthly expenses. CLP’s Food Bank program supports the Veterans Association Food Bank with donations and volunteers.

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Results and Impact

Canadian Legacy Project estimates that its Housing program has supported over 2,700 veterans. Its Entrepreneurial Training course helps to train veterans in starting and running their own businesses. Upon completion, veterans can apply for microloans to create their own start-ups from banks partnered with CLP and MRU.

While Ci highlights these key results, they may not be a complete representation of Canadian Legacy Project’s results and impact.

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Finances

Canadian Legacy Project is a small charity, with total donations and special events revenue of $487k in F2019. Administrative costs are 14% of revenues (less investment income) and fundraising costs are 25% of donations and special events revenue. As a result, total overhead spending is 39%.  For every dollar donated, 61 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending, which recommends 65 to 95 cents going to the cause for each dollar. Canadian Legacy Project has been outside of this range for the past three years.

Canadian Legacy Project has funding reserves of $326k. This results in a program cost coverage ratio of 96%. This means the charity can cover between 11 and 12 months of its annual program costs with existing funding reserves.

According to the charity’s unaudited filing with the Charities Directorate, it has no recorded full-time or part-time employees. Canadian Legacy Project paid $45k in professional and consulting fees in F2019 ($129k in F2018).

This charity report is an update that has been sent to Canadian Legacy Project for review. Changes and edits may be forthcoming.

Updated June 8, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending December
201920182017
Administrative costs as % of revenues 13.7%15.2%8.3%
Fundraising costs as % of donations 25.3%36.3%29.8%
Total overhead spending 38.9%51.5%38.1%
Program cost coverage (%) 96.0%55.1%130.7%

Summary Financial Statements

All figures in $s
201920182017
Donations 445,211494,230677,009
Goods in kind 00140,720
Special events 41,77961,500171,374
Investment income 1,80026976,565
Other income 00543
Total revenues 488,790555,9991,066,211
Program costs 57,992132,640113,243
Grants 281,557482,910385,680
Administrative costs 66,54184,20081,896
Fundraising costs 122,974201,846253,073
Other costs 4,5386,9006,607
Total spending 533,602908,496840,499
Cash flow from operations (44,812)(352,497)225,712
Capital spending 465011,945
Funding reserves 326,001339,350652,304

Salary Information

Full-time staff: 0

Avg. Compensation: $0

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

Canadian Legacy Project was formed in 2008 with the goal to support our Canadian Veterans in their time of need and to advocate and educate on their behalf. It is our mission to develop and fund programs that are not currently being offered by Veterans Affairs or that are underfunded. In parallel to this as a registered charity we advocate on behalf of our Canadian Veterans, recognise, and celebrate our Canadian Veterans, and educate Canadians about our Veterans and the sacrifices they have made standing on guard for Canada.

Canadian Legacy Project is a volunteer run organisation with no employees, so donations can go directly to our mission. As our support grows across Canada, so does our ability to expand on our program and service offerings. Canadian Legacy Project’s board of directors are high level professionals, strategic thinkers with a passion to give back to those that have served. They ensure that our charity is run with integrity and transparency, with an eye on growth and the ability to make changes when required. Some of our charitable activities do not shine through on a balance sheet, but when we can invest into programs that reach and educate millions of young Canadians about our Veterans and Canadian Armed Forces, we are confident with this investment.

We are grateful for the trust and passion our supporters have given us as we focus on being a beacon of hope for our Canadian Veterans in their time of need.

Charity Contact

Website: www.canadianlegacy.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-543-4670

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