Winnipeg, MB R3B 0X3
CEO: Richard L. Frost
Board Chair: Susan Millican
Charitable Reg. #: 11930 0960 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 #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.
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 Winnipeg
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)|