Note: DEFERRED ADJUSTMENT: Wellspring Cancer Support Foundation uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $79k in F2024, ($35k) in F2023, and $28k in F2022. AMORTIZATION OF DEFERRED CONTRIBUTIONS: Ci adjusted for amortization of deferred contributions. This affected revenues by ($210k) in F2024, $49k in F2023, and ($19k) in F2022. UNREALIZED LOSS ON INVESTMENTS: Ci reported unrealized loss on investments of $161k in F2022 as a contra-revenue item in investment income instead of expenses, affecting total revenue and expenses accordingly. SEVERANCE: Ci backed out $5k in severance from program costs and included it in administrative costs. GOVERNMENT FUNDING: WCSF does not report government funding on its audited financial statements. However, it does report government funding on its T3010. Ci reports government funding of $13k in F2023 and $49k in F2022. This amount was removed from the donations number in WCSF's audited financial statements. T3010: The F2024 T3010 data was not available at the time of this update.

Wellspring Cancer Support Foundation Canada provided this comment August 16, 2024:

At Wellspring Cancer Support Foundation, our mission to provide life-changing support to individuals with cancer across Canada is complex. It requires a robust infrastructure, diligent oversight, regular evaluation, and experienced, qualified staff. Our commitment to patient and caregiver outcomes requires an administrative expense and relies on a financial reserve in order to ensure high quality programming and successful patient and caregiver outcomes, even in financially challenging years. We respectfully request that you to consider the following as you evaluate Wellspring as a potential recipient of your gift.

Our administrative costs reflect our commitment to ensuring financial control, transparency, environmental sustainability, and accountability. They also enable us to continually evaluate and enhance our programs to better serve people affected by cancer and to develop new programs needed to keep pace with changing and rising needs.

Wellspring has over 300 volunteers who provide essential program support. Many of these volunteers are specially trained to offer direct assistance to those living with cancer. Professional training and ongoing support are necessary expenses in assuring high quality program delivery and outcomes.

As a charity that has operated for over 30 years, having reserve funds in place is financially prudent, ensuring that we can plan for the future and continue to grow our services across Canada. Having a reserve has also allowed us to recover effectively amid unforeseen circumstances, such as the pandemic and flooding in two of our facilities in past years.

Wellspring cannot afford to endanger the quality and delivery of programs, and without core government funding or patient fees, careful financial management and investment are required.

We thank you for considering these factors as you evaluate your philanthropic support, knowing that your donation plays a vital role in improving quality of life, and helping some people live longer, as they and their families face cancer.