Community Foundation of Ottawa
Ottawa, ON K1P 5E7
President & CEO: Marco Pagani
Board Chair: Tim Redpath
Charitable Reg. #: 11922 7891 RR0001
Grade: B-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 #14
Avg. Compensation $82,534
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||4|
|$40k - $80k||4|
About Community Foundation of Ottawa:
Founded in 1987, Community Foundation of Ottawa nurtures philanthropy and works with partners to have an enduring impact on communities. The foundation pools the charitable gifts of many donors into a permanent, income-earning endowment that benefits the community at large and fulfills the philanthropic objectives of individual donors. Grants are made to charities from the earnings of these funds to seed, nurture and support initiatives that strengthen the Ottawa community.
Community Foundation of Ottawa manages $124m in total assets and has granted out more than $100m since it was established in 1987. In F2016, the foundation granted $7.9m to 611 charities in the following sectors: social services (27% of total grants), health (16%), international aid (13%), children and youth (11%), education (10%), religion (7%), arts and culture (7%), environment (5%), scholarship (2%), community economic development (1%), and animal welfare (1%). The foundation established 45 new funds in F2016.
Community Foundation of Ottawa is a big-cap charity with $14.9m in donations in F2016. Investment income contributed an additional $6.5m to the foundation’s revenues. Administrative costs were 12% of revenues. The foundation did not report any fundraising costs in F2016. As such, for every $1 donated, 88 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending. The foundation has funding reserves of $130.4m, of which $101.7m are donor-endowed. Excluding donor-endowed funds, Community Foundation of Ottawa can cover annual grants 10.3 times.
The foundation paid external investment management fees of 7% of investment income in F2016. It charges service fees of 1.5% on the first $5m of an endowment fund, 0.75% on the next $5m, and 0.25% on any excess over $10. It charges service fees of 2% on scholarship funds and flow-through gifts. In F2016, the foundation collected average service fees of 0.85% of grants. The overall return of the investment portfolio was 6.5% in F2016. The foundation has a 10-year average return of 5.4%.
This charity report is an update that is currently being reviewed by Community Foundation of Ottawa. Changes and edits may be forthcoming.
Updated on June 6, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||11.5%||10.8%||15.1%|
|Program cost coverage (%)||1,656.3%||1,250.1%||1,343.1%|
Summary Financial StatementsAll figures in $000s
|Fees for service||67||68||74|
|Cash flow from operations||11,397||7,504||6,068|