Calgary, AB T2G 1A1
Board Chair: Alison T. Love
Board Vice-Chair: Gerald M. Deyell, Q.C.
Charitable Reg. #: 10807 4436 RR0001
Grade: NRCharity not yet rated on the public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #20
Avg. Compensation $74,233
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||3|
|$40k - $80k||5|
About Calgary Foundation:
The Calgary Foundation (TCF) provides grants to qualified donees for the purpose of relief of poverty, advancement of education, advancement of religion, as well as faith, health, arts, cultural, environmental, animal welfare, heritage preservation, recreational, and other community-based organizations that work to improve civic engagement in Calgary and the surrounding area.
Ongoing granting programs include Community, Neighbour, Donor-advised, Designated, Proactive, Stepping Stones, and Organization Development and Transformation Grants, plus Student Awards, and Managed Fund Grants. Ongoing community initiatives include convening individuals and organizations to focus on common charitable issues that deal with seniors, marginalized populations, mental health, arts and heritage, the environment, community development, engaging citizens, strengthening the capacity of the charitable sector, and promoting philanthropy.
Notice to Donors: Charity Intelligence initially reported on community foundations given the large size of donations these foundations receive. In subsequent research and discussions with community foundations, their operating model does not fit with Charity Intelligence's analysis. Community foundations have significantly different cost structures, invested funds, and results that are not comparable with other charities. Donors looking to establish funds within community foundations should assess: 1. prior investment return track records, 2. restrictions on how much is paid out of funds each year to charities (the payout ratio maximum and minimum), 3. the quality of research provided in helping donors grant to charities, and 4. annual fees. Community foundations can provide services making giving easy, as do other financial service providers. Donors should talk with their financial advisor.
Charity Intelligence can update this report on Calgary
TCF received $31m in contributions in F2010. Administrative costs are 11% of revenues and fundraising costs are 0.5% of donations. It has funding reserves of $334m (including $260m in externally-endowed and managed funds) which cover annual grants and program costs over 11 times.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.2%||19.0%||7.9%|
|Fundraising costs as % of donations||0.5%||1.4%||0.8%|
|Program cost coverage (%)||1,159.3%||1,219.5%||995.5%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||18,704||8,017||31,218|