Canadian Women's Foundation

1920 Yonge St., Suite 302
Toronto, ON M4S 3E2
CEO: Paulette Senior
Board Chair: Dr. Kristin Blakely

Website: www.canadianwomen.org
Charitable Reg. #: 12985 5607 RR0001
Sector: Social Services - Women
Public Foundation

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]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #32

Avg. Compensation $84,038

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 1
$120k - $160k 0
$80k - $120k 5
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2018

About Canadian Women's Foundation:

Founded in 1991, Canadian Women’s Foundation (CWF) advocates for and funds projects that help women move out of violence and poverty, and into confidence and leadership. CWF says that progress toward gender equality in Canada is at risk. Canada fell from 30th place to 35th place in the 2016 Global Gender Gap rankings by the World Economic Forum. In F2018, CWF funded 74 programs, of which 21 served remote communities and 25 primarily served First nations communities. CWF groups the programs it funds into four main categories: Out of Violence, Out of Poverty, Into Confidence, and Into Leadership.

Canadian Women’s Foundation Out of Violence programs received 39% ($975k) of total grants in F2018. CWF aims to prevent violent relationships by funding programs that teach youth how to recognize abusive behaviour. It also funds services that help women and children who have experienced violence such as legal advice, counselling, safe housing, interest-free loans, and sexual assault response and care. In F2018, CWF supported 437 shelters.

Canadian Women’s Foundation Into Confidence programs received 31% ($771k) of total funding in F2018. Programs focus on girls aged 9 to 13, when self-confidence often plummets. Program activities can include science and technology, sports and physical activity, media literacy and critical thinking, indigenous culture and community, and mentoring.

Canadian Women’s Foundation Out of Poverty programs received 16% ($393k) of total grants in F2018. CWF funds 5-year economic development grants for programs focused in three areas: skilled trades and technology, self-employment, and social enterprises.

Results and Impact:

Canadian Women’s Foundation reports that 90% of participants in the Out of Violence programs said they learned to recognize the signs of an abusive relationship. CWF says that 46% of women in its Out of Poverty programs developed a more sustainable livelihood. The foundation reports 92% of girls in its Into Confidence programs felt more confident after attending. It also says that 97% of graduates of the Into Leadership program rated it as either excellent or good.

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

Financial Review:

Canadian Women’s Foundation is a ­­­­large charity, with total donations and special event fundraising of $4.6m in F2018. Administrative costs are 28% of revenues (excluding investment income) and fundraising costs are 32% of donations. For every dollar donated, $0.40 go to the cause. This is not within Ci’s reasonable range for overhead spending. Funding reserves of $19.8m can cover 4.6 years of annual program costs.

­ This charity report is an update that has been sent to Canadian Women’s Foundation for review. Changes and edits may be forthcoming.

Updated on June 3, 2019 by Lauren Chin.

Financial Ratios

Fiscal year ending August
201820172016
Administrative costs as % of revenues 27.6%23.8%27.5%
Fundraising costs as % of donations 32.2%28.8%29.6%
Program cost coverage (%) 463.8%480.3%399.3%

Summary Financial Statements

All figures in $000s
201820172016
Donations 4,1624,2605,170
Government funding 449467218
Fees for service 0024
Special events 449542429
Investment income 1,2355081,079
Total revenues 6,2945,7776,921
Program costs 1,6971,4191,973
Grants 2,5662,7213,230
Administrative costs 1,3961,2521,605
Fundraising costs 1,4821,3811,657
Cash flow from operations (846)(995)(1,543)
Funding reserves 19,76919,88220,772
Note: Ci did not report amortization in administrative expenses, reducing administrative costs by $7k in F2018, $7k in F2017 and $10k in F2016.

Comments added by the Charity:

The economic downturn has been difficult for most non-profit organizations in Canada. The Canadian Women’s Foundation was no exception.

The Foundation invested $1.5M of its internally restricted reserves as well as investment income to finance the operations and fundraising activities in 2015-2016 to ensure the majority of each donated dollar was directed to our mission.

Our charitable ratio remains strong at 61% (program expenses as a % of total expenses).

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