An Open Letter to Canadian Donors: Our Mischaracterization of True North Youth Foundation Inc.
On October 31st, 2018 I erred in a CityNews interview calling TNYF Inc. a “puck hog” - a charity that holds onto large sums of cash. In fact, in F2017 and F2016 TNYF Inc. drew down its funding reserves and spent $3.7 million in capital expenditures, mostly on leasehold improvements at its own Camp Manitou.
I acknowledge that TNYF Inc. has, in fact, spent money and was not holding on to cash. I regret my error and mischaracterization. Calling TNYF Inc. a “puck hog” was rude and simply bad manners. 
Going forward, all Charity Intelligence's reports on more than 780 charities will show capital spending. This additional step will provide donors with better information. We will continue to correct errors promptly and openly. We also re-dedicate ourselves to the highest professional standards in all discourse that engages and informs Canadian donors. Our vision is for Canada’s charity sector to be more transparent, accountable, and achieve greater impact for those in need.
Kate Bahen