Winnipeg, MB R3B 0X3
CEO: Richard L. Frost
Board Chair: Susan Millican
Charitable Reg. #: 11930 0960 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
Cents to The Cause
Full-time staff #27
Avg. Compensation $71,815
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||5|
|$40k - $80k||4|
About Winnipeg Foundation:
Founded in 1967, the Winnipeg Foundation helps strengthen its community by ensuring donors can achieve their philanthropic goals. Gifts to the Foundation are pooled and invested, and the income earned is distributed as grants that support community projects. The Foundation also connects donors who wish to establish a scholarship fund with schools in the community and provides administrative services such as advising selection committees and arranging payment of awards.
In 2012, the Winnipeg Foundation made $21.2m in grants to almost 800 charities. Grants were allocated as follows: community service (24%), education (20%), health (19%), arts and culture (16%), heritage (10%), recreation (4%), environment (4%) and fair based designations (2%). Over the Foundation’s nine-decade history, it has distributed more than $300m in the community.
Fundraising costs and administrative costs together are 102% of revenues (not including investment revenue). The organization has funding reserves of $498m (of which $413m is donor-endowed), which cover annual program costs 27.5 times. The Foundation had a return on investment of 12.2% in F2012, and a 10-year average ROI of 5.8%. It paid investment management fees of 0.34% of the fair value of assets in F2012. The Foundation charges a 0.5% fee on its endowment funds.
Financial RatiosFiscal year ending September
|Fundraising & admin costs as % of revenues||102.3%||124.6%||146.6%|
|Program cost coverage (%)||2,752.1%||2,265.1%||2,383.5%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||3,200||3,017||2,868|
|Cash flow from operations||(307)||(1,552)||(21)|