Edmonton Community Foundation
Edmonton, AB T5K 2V7
CEO: Martin Gaber-Conrad
Board Chair: Carman McNary
Charitable Reg. #: 12243 7072 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #12
Avg. Compensation $98,158
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||5|
About Edmonton Community Foundation:
Founded in 1989, the Edmonton Community Foundation encourages philanthropy and funds charitable activities. Through contributions from donors, the Foundation assembles and administers permanent pools of capital so the returns can be perpetually reinvested in its community. Through the Foundation’s Community Grants Program, it distributed $11.9m in grants in 2011 to charities representing arts, culture and heritage (13% of grants); education and learning (18%); human and social services (34%); health and wellness (17%); recreation and leisure (9%); and the environment and conservation (9%). Additionally, the Foundation gives Community Play Space Grants for the creation of public playgrounds; Young Edmonton Grants for youth groups on a wide ranging number of activities (such as street dancing and career fairs); and a number of scholarships for students.
The Foundation engages in Legacy Partnerships with charities to help charities develop the skills needed to build an endowment fund and structure a plan to engage donors. The Foundation also teams up with other community organizations on major initiatives, including the Social Enterprise Fund to help not-for-profit organizations develop their social enterprises, and the Edmonton & Area Land Trust to conserve natural environments for future generations, among others.
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 Edmonton
Administrative costs are 13% of revenues and fundraising costs are 0.2% of donations. The Foundation has funding reserves of $294m (including $281m of donor-endowed funds), which cover annual program costs 49.7 times. The Foundation had a net return on investment of 0.82% in F2011, and an average ROI of 7.71% since its founding in 1989. The Foundation paid 0.64% of the fair value of assets in investment counsel fees. It charged administration fees of 0.67% of the fair value of assets.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.3%||11.9%||11.0%|
|Fundraising costs as % of donations||0.2%||0.1%||0.1%|
|Program cost coverage (%)||4,968.0%||4,277.6%||3,557.1%|
Summary Financial StatementsAll figures in $000s
|Fees for service||133||114||94|
|Cash flow from operations||6,470||8,830||4,936|