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CancerCare Manitoba Foundation

1160-675 McDermot Ave
Winnipeg, MB R3E 0V9
President & CEO: Annitta Stenning
Board Chair: Greg Tallon

Website: www.cancercarefdn.mb.ca
Charitable Reg. #: 88688 6746 RR0001
Sector: Health
Public Foundation

Charity Rating

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Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

♦ ♦ ♦
95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #19

Avg. Compensation $78,338

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About CancerCare Manitoba Foundation:

Founded in 1997, the CancerCare Manitoba Foundation (CCMF) raises funds solely for CancerCare Manitoba (CCMB) to cover programs that aren’t covered by the government. Every day 20 people in Manitoba are diagnosed with cancer. Both CCMF and CCMB share a vision of eradicating cancer. CCMF funds research, clinical trials, patient care, awareness, and epidemiology.

Research, education, and equipment grants were 63% of CancerCare Manitoba Foundation’s granting activities in F2017. CCMF reports that it funds 20 senior scientists. At Cancer Manitoba’s Research Institute in Oncology and Hematology, CCMF supports a research study with operating grants and studentships for two PhD students, four full-time master students, an undergrad research assistant, and two technicians. Since 2009, CCMF supported 127 graduate, medical, and summer students.

CancerCare Manitoba Foundation spent 18% of grants on adult and pediatric clinical trials in F2017. In 2016, 49 pediatric clinical trials were available for participation and CCMF funded almost 50% of them.

CancerCare Manitoba Foundation spent 11% of grants on patient care, support, and training in F2017. CCMF reports that cancer treatment is provided at 16 Community Cancer program sites in Manitoba. In 2016, CCMF provided 7k soup bowls, 135k cookies, and 100k drinks to patients and families during treatment.

Awareness and risk reduction grants were 4% of CancerCare Manitoba Foundation’s granting activities in F2017. In 2016, 511 people attended cancer education events in Manitoba.

Financial Review:

CancerCare Manitoba Foundation is a Large charity with $9.6m in donations and special events revenues in F2017. Administrative costs are 11% of revenues and fundraising costs are 18% of donations. For every dollar donated, 70 cents go to the cause, which falls within Ci’s reasonable range for overhead spending.

The Foundation holds $47.2m in investments in F2017, of which 55% are held in equities. Investment income of $3.9m in F2017, including unrealized losses of $204k and gross of investment management fees, represents a 8.6% return on investment. Investment income of $827k in F2016 earned a 1.7% return on investment.

CCMF’s funding reserves total $48.4m in F2017, of which $14.8m are donor-endowed. Excluding CCMF’s endowment fund, funding reserves can cover granting activities for 6.2 years. This does not show a need for funding.

This charity report is an update that has been sent to CancerCare Manitoba Foundation for review. Changes and edits may be forthcoming.

Updated on May 31, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March 		201720162015
Administrative costs as % of revenues 11.2%8.1%8.9%
Fundraising costs as % of donations 18.4%17.9%22.2%
Program cost coverage (%) 789.6%915.5%828.0%

Summary Financial Statements

All figures in $000s 		201720162015
Donations 4,7865,4844,032
Special events 4,8034,1894,516
Investment income 3,9228275,409
Total revenues 13,51110,50113,957
Grants 6,1294,9836,008
Administrative costs 1,074779762
Fundraising costs 1,7631,7281,896
Other costs 174187189
Cash flow from operations 4,3702,8245,102
Funding reserves 48,39245,61949,742
Note: Ci included unrealized gains in investment income, increasing revenues by ($204k) in F2017, ($2.1m) in F2016, and $2.4m in F2015. Investment income is reported gross of investment management fees, increasing investment income and other cash expenses by $174k in F2017, $187k in F2016, and $189k in F2015. Total administrative costs in Ci’s financial analysis include general administrative expenses and marketing and communication expenses. Ci reports events revenues under revenues and events expenses under expenses in place of reporting net events revenues in revenues.  

Comments added by the Charity:

CCMF notes that in addition to its annual grant disbursement of $5.8M in F2013, it has a cumulative grant commitment of $8.7M.

CCMF’s Funding Reserve also includes Restricted Funds designated for specific program areas.

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