CharityIntelligence Canada

Saskatoon Community Foundation

101-308 Fourth Avenue
North Saskatoon, SK S7K 2L7
Executive Director: Trever Forrest
Board Chair: Zeba Ahmad

Charitable Reg. #: 11914 0911 RR0001
Sector: Fundraising Organization - Community Foundation
Public Foundation

Charity Rating

Not yet rated.

Results Reporting

Grade: NR

Charity not yet rated on the 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

2010 2011 2012
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #4

Avg. Compensation $79,418

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

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 Foundation if there is sufficient donor interest.

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $000s
Donations 4,0044,7633,858
Fees for service 07841
Business activities (net) 839187
Special events 507611485
Investment income (922)(300)(653)
Total revenues 3,6725,2433,818
Program costs 9699107
Grants 9081,3171,350
Donor-designated donations 1,372116154
Administrative costs 522535502
Fundraising costs 174197182
Cash flow from operations 6002,9791,524
Funding reserves 34,04330,65526,789
Note: Ci removed unrealized gains on investment from revenues, changing revenues by ($2,744k) in F2012, ($825k) in F2011, and ($3,414k) in F2010. Ci removed increases in cash surrender value of life insurance policies owned from expenses, changing expenses by ($7k) in F2010.