Canada-Ukraine Foundation

30 Powerhouse St., Suite 101
Toronto, ON M6H 0C6
Executive Director: Valeriy Kostyuk
Board Chair: Andrew Maleckyj

Charitable Reg. #:89899 2151 RR0001

STAR RATING

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

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

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

B

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.

97%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 97 cents are available for programs.



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OVERVIEW

About Canada-Ukraine Foundation:

Canada-Ukraine Foundation is a 3-star charity that is financially transparent. It has a B results reporting grade, which is average. For every dollar donated to the charity, 97 cents are available to go to the cause, which is outside of Ci's reasonable range.

Founded in 1995, Canada-Ukraine Foundation (CUF) raises funds to deliver help to Ukraine and support those affected by the war. The charity states that attacks on Ukraine’s energy infrastructure have severely affected critical services, including emergency medical care and blood centres. It also reports that over 20,000 Ukrainian children have been illegally deported to Russia or displaced within occupied territories.

CUF runs seven main programs: Ukraine Humanitarian Appeal, Displaced Ukrainians Appeal, Canada-Ukraine Surgical Aid Program, Dzherelo Rehabilitation Centres, Education & Advocacy, Aid for Artists, and Canadian Friends of Hockey in Ukraine. In 2025, it spent $11.7m on its programs. The charity does not provide a breakdown of program spending on its website or in its annual report.

Ukraine Humanitarian Appeal launched in January 2022 to support civilians affected by Russia’s invasion of Ukraine. In 2025, it supported 66 humanitarian aid and emergency response projects. This included installing a solar power station, establishing five water filtration stations, and repairing almost 70 homes damaged by Russian shelling. It also distributed almost 2,000 sleeping bags and supported six Hope & Healing Centres.

Displaced Ukrainians Appeal supports Ukrainians arriving in Canada after escaping the war. In 2025, CUF delivered 18 projects across Canada that reached more than 14,000 displaced Ukrainians.

Canada-Ukraine Surgical Aid Program provides medical care to people affected by the war in Ukraine. In 2025, it completed 52 major reconstructive surgeries and 88 patient consultations. The program also supported the distribution of medical equipment and supplies across six regions, reportedly reaching an average of 50,000 people monthly.

Dzherelo Rehabilitation Centres support children with special needs through education and rehabilitation services. It operates seven centres in Lviv and has helped establish 16 additional centres across Ukraine. The charity reports supporting 290 children in day programs, 413 through rehabilitation, and approximately 5,000 individuals each month.

Education & Advocacy raises awareness of the Holodomor and the ongoing war in Ukraine. It also focuses on supporting Ukrainian educators. Its Holodomor mobile classroom reached 7,061 students across 95 schools in Canada, plus 1,915 parents and community members. CUF also sent eight Canadian teachers to Ukraine to lead Summer Institute courses and supported the Ukraine Crisis Media Center, which reached over 450,000 people through media campaigns.

Aid for Artists supports Ukrainian artists with the goal of preserving Ukrainian culture. In 2025 it supported 13 projects, reporting granting a total of approximately $78k.

Canadian Friends of Hockey in Ukraine supports youth hockey programs in Ukraine. In 2025, the charity purchased 17 sets of hockey equipment for a youth program in Kyiv.

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Results and Impact

Canada-Ukraine Foundation helped fund the rescue of 46 children who had urgent medical needs, lost their parents, and/or required psychological support. It also provided safe drinking water to over 60,000 people in the Kharkiv region. 

Its education program reported a 5,000% increase in Google searches for “Holodomor” during the campaign, with 89% of participants satisfied with the program, 62% reporting increased knowledge of the Holodomor, and 68% reporting a deeper understanding of discrimination and intolerance.

While Ci highlights these key results, they may not completely represent Canada-Ukraine Foundation’s results and impact.

Charity Intelligence has not yet rated CUF on impact (n/r). This does not affect the star rating.

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Finances

Canada-Ukraine Foundation’s audited financial statements follow line-item costing, which is not a best practice. The audited statements do not clearly differentiate between program, administrative, and fundraising costs. Ci referred to CUF's T3010 filings to report program, administrative, and fundraising costs in 2024 and 2023. At the time of this update, the charity's 2025 T3010 filing was not available. As such, Ci allocated line items on a best-estimate basis in 2025.

In 2025, CUF received $14.3m in donations (92% of revenue). It also received $735k in government funding and $461k in investment income.

The charity spent $11.7m on its programs in 2025, representing 76% of its revenue. It ran a surplus of $3.3m, which was 21% of revenue.

Administrative costs were $488k, which was 3% of revenue (excluding investment income) although this is likely under-reported. CUF does not report fundraising costs on its audited financial statements. Total overhead was 3%, meaning that for every dollar donated, 97 cents are available to go to the cause. This is outside of Ci’s reasonable range, which suggests 65-95 cents per dollar.

At the end of 2025, CUF had $19.9m in its reserves, which could cover its annual program costs for one year and eight months. This is within Ci’s reasonable range.

This charity report is an update that has been sent for review to Canada-Ukraine Foundation. Changes and edits may be forthcoming. 

Updated on August 18, 2026, by Ava Anderson.

Financial Review


Financial Ratios

Fiscal year ending December
202520242023
Administrative costs as % of revenues 3.3%3.3%2.0%
Fundraising costs as % of donations 0.0%1.8%1.1%
Total overhead spending 3.2%5.1%3.0%
Program cost coverage (%) 170.4%116.7%59.1%

Summary Financial Statements

All figures in $000s
202520242023
Donations 14,29311,38216,316
Government funding 73532579
Investment income 461668478
Total revenues 15,48912,37516,873
Program costs 11,7021,9803,072
Grants 012,04328,672
Administrative costs 488387320
Fundraising costs 217199177
Other costs 81123
Total spending 12,19814,62132,264
Cash flow from operations 3,291(2,246)(15,391)
Capital spending 480
Funding reserves 19,93716,35918,746

Note: Unrealized gain (loss): Ci included unrealized gain (loss) reported below the line. This affected revenues by $28k in 2025, $94k in 2024, and $86k in 2023. Realized foreign exchange loss: Ci included realized foreign exchange loss reported below the line in other expenses. This affected expenses by $8k in 2025, $11k in 2024 and $23k in 2023. Amortization: Ci removed amortization on a pro rata basis from program, administrative, and fundraising costs in 2023.

Salary Information

Full-time staff: 3

Avg. compensation: $48,787

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
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2024

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.cufoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-966-9700

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Charitable Registration Number: 80340 7956 RR0001