Canucks for Kids Fund is a 1-star charity with a below-average results reporting grade. The charity does not provide its financial statements online. The CRA redacted Canucks for Kids Fund's F2022 audited financial statement. Canucks for Kids Fund’s overhead costs are outside of Ci’s reasonable range. It has reserve funds that can cover its annual program costs for three and a half years.

Founded in 1986, Canucks for Kids Fund (CFKF) is the fundraising arm of the Vancouver Canucks hockey club, in British Columbia. The charity runs fundraising events and a 50/50 lottery to raise funds. Its programs focus on children’s Health and Wellness, Grassroots Hockey, and Education. Canucks for Kids Fund has not published an annual report since F2020.

Health and Wellness

Canucks for Kids Fund funds the Canuck Place Children’s Hospice. In F2020, Canucks Place families and family members spent 1,254 nights in the hospice. There were also 2,579 outpatient consults. The charity funds the BC Children’s Hospital, the only hospital exclusively caring for children in BC. In F2020, Canucks for Kids Fund participated in hosting the Hockey Fights Cancer initiative. It also runs the Hockey Talks program to promote awareness around mental health.

Grassroots Hockey

Canucks for Kids Fund partners with the Vancouver Canucks, BC Hockey and Hockey Canada to provide hockey related opportunities to young players. This includes the First Shift Hockey program which introduces hockey to first time players. In F2019, 80 kids participated in the program. The charity also provides in-game opportunities. For example, young teams can play during intermissions at the Rogers Arena. They can also be in the Canucks starting lineup. In F2019, the charity reports that 2,838 kids participated in Canucks Hockey Clinics and programs.

Education

Canucks for Kids Fund funds the Canucks Family Education Centre (CFEC). This centre is in East Vancouver. The charity reports that this area has low education rates and high crime and substance abuse rates. The CFEC aims to increase literacy and learning in the area. CFEC currently has seven family literacy program models in the Lower Mainland. Canucks for Kids Fund also runs the Fin’s Friends program, to teach young students important virtues. The charity reports that Fin’s Friends have been in over 5,000 primary school classrooms over the past 15 years. The charity also funds scholarships, Raise a Reader Day and the Seventh Generation Club.

The CRA has redacted Canucks for Kids Fund’s financial statements for F2022, F2021 and F2020.

Canucks for Kids Fund received $1.3m in donations and special events revenue in F2022. It also raised $9.7m from lotteries. Administrative and fundraising costs were 118% of revenues. The charity does not report both separately. Ci does not include revenues from lotteries in this calculation. This means that for every dollar donated, -18 cents go to the cause. This falls outside Ci’s reasonable range for overhead spending. In other words, the charity spent more on fundraising and admin than what it received from donations and special events. It is likely that lottery revenue contributed to the rest of the administrative and fundraising costs.

The charity has net funding reserves of $9.0m which can cover three and a half years of program costs. In F2021, they were $2.8m. Since Ci records on Canucks for Kids Fund began in F2015 and up until F2021, this amount had not exceeded $3.0m. Before F2022, the reserve funds could cover less than a year of program costs.

Canucks for Kids Fund’s net lottery revenues are rising. Before F2020, they did not exceed $5.0m. They stand at $9.7m in F2022. This parallels the rise in funding reserves mentioned above.

Up until F2021 inclusive, the charity reported both revenue and expenses from lotteries. In F2022, it reported a net number in revenues. This reduces financial disclosure.

The charity’s operating cash flow, the difference between its total revenue and total expenses, has increased from $200k in F2021 to $6.8m in F2022.

Charity Intelligence has sent this profile update to Canucks for Kids Fund for review. Changes and edits may be forthcoming.

Updated on May 29, 2023 by Victoria Allder

To contact Canucks for Kids fund:

call 604.899.7400