Saskatoon Community Foundation
North Saskatoon, SK S7K 2L7
Executive Director: Trever Forrest
Board Chair: Zeba Ahmad
Charitable Reg. #: 11914 0911 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 #4
Avg. Compensation $79,418
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||3|
About Saskatoon Community Foundation:
Founded in 1970, the Saskatoon Community Foundation (SCF) aims to increase the quality of life in Saskatoon by strategically making grants to other charities. The SCF manages $27m in endowments to provide money for over 100 charities in Saskatoon. The SCF makes grants using only income earned on endowments, holding the original contributions in perpetuity. In 2011, the sectors it supported included: social development (37% of total grants), health (19%), arts and culture (15%), education (11%), environment (9%), faith-based (8%), and capacity building (2%). In addition, the SCF manages funds for outside agencies, for which it earns a fee.
Since its founding, it has made over $10m in grants. It has a 10-year average return on investment of 6.5%. The Saskatoon Community Foundation is a member of Community Foundations of Canada.
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 Saskatoon Community
Fundraising costs are 4% of donations, and administrative costs are 11% of revenues. The Foundation has funding reserves of $34m (including $27m of donor-endowed funds and $4m of flow through funds), which cover annual program costs 14.3 times. In addition, it manages $13m for outside agencies.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||11.4%||9.6%||11.2%|
|Fundraising costs as % of donations||3.8%||3.7%||4.2%|
|Program cost coverage (%)||1,432.8%||2,001.6%||1,663.4%|
Summary Financial StatementsAll figures in $000s
|Fees for service||0||78||41|
|Business activities (net)||83||91||87|
|Cash flow from operations||600||2,979||1,524|