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Rotary Foundation Canada

33 King Street West
Caledon, ON L7E 1C7
President: Reid Asselstine
Vice President: John Stairs

Website: https://portal.clubrunner.ca/100984/
Charitable Reg. #: 11912 5797 RR0001
Sector: Social Services
Operating Charity

Donor Accountability

Grade: C-

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 for current and previous years available on the charity's website [ 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 #1

Avg. Compensation $59,580

Top 10 Staff Salary Range

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

About Rotary Foundation Canada:

Founded in 1917, The Rotary Foundation of Canada’s mission is to enable Rotarians to advance world understanding, goodwill and peace through the improvement of health, the support of education and the alleviation of poverty. Rotary International is a community-based service organization that brings together business and professional leaders in order to provide humanitarian services around the world. There are more than 300 local Canadian clubs registered with Rotary International. The Foundation receives all of its donations from these Canadian clubs.

The Foundation raises funds for Rotary International’s programs which are categorized as PolioPlus, global humanitarian projects and district-level projects. In F2017, 28% of program costs went towards PolioPlus, a program which provides funding and mobilizes volunteer support to eradicate polio around the world. The success of this program can be seen in the near eradication of the disease. The World Health Organization reports that the number of polio cases worldwide has decreased by more than 99%, from an estimated 350,000 in 125 countries in 1988 to 17 reported cases in just 2 countries (Pakistan and Afghanistan) in 2017. Despite the progress, the World Health Organization reports that if a single child remains infected, children in all countries are at risk of contracting polio due to the infectious nature of the disease. 

Its global humanitarian projects (55% of program costs in F2017) are dedicated to six core areas; promoting peace, fighting disease, providing clean water and hygiene, saving mothers and children, supporting education and growing local economies. District-level projects (16% of program costs in F2017) allow local Rotary clubs to address immediate needs within their local communities.

In F2015, The Rotary Foundation of Canada entered into a five-year grant agreement with Global Affairs Canada (GAC) on behalf of the Government of Canada to support Canadian Rotarian’s humanitarian actions and efforts to “Do Good in the World”. This project focuses on child and maternal health in under-served communities around the world. The Foundation has received $2.4m of the $6.0m agreement thus far.

Financial Review:

Rotary Foundation of Canada is a Large charity with donations of $11.8m in F2017. Its administrative costs are 2% of total revenues and fundraising costs are 4% of donations. For every dollar donated, $0.94 goes to the cause, falling within Ci’s reasonable range for overhead spending. The Foundation’s funding reserves of $39.5m can cover program costs for 4.6 years. Excluding donor-endowed funds of $10.6m, the funding reserves can cover annual program costs for more than 3.6 years. This indicates a lack of a need for donations. The Foundation has only one reported employee. 

Rotary Foundation of Canada uses external fundraisers as part of its fundraising activities. In F2017, the Foundation paid external fundraisers $40k that raised $1.7m. For every dollar raised from external fundraisers, it paid $0.02 to the third party.

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

Updated on June 18, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending June
201720162015
Administrative costs as % of revenues 2.0%2.7%1.9%
Fundraising costs as % of donations 4.3%5.4%3.3%
Program cost coverage (%) 466.6%418.8%415.1%

Summary Financial Statements

All figures in $000s
201720162015
Donations 11,7689,86910,728
Investment income 5,267(1,748)6,051
Total revenues 17,0358,12116,779
Program costs - International 7,0797,7297,091
Program costs - Canada (37)(113)(64)
Grants 1,4321,303847
Administrative costs 233265207
Fundraising costs 509530358
Cash flow from operations 7,819(1,593)8,340
Funding reserves 39,54237,35232,687
Note: Ci included foreign exchange losses in investment income, decreasing total revenues by $21k in F2017 and $2k in F2016. Ci included foreign currency translation losses in investment income, decreasing total revenues by $59k in F2017 and $69k in F2016. Ci included unrealized gains (losses) on investment in investment income, affected total revenues by $1.9m in F2017, ($1.7m) in F2016 and $1.6m in F2016. Deferred grant revenue was adjusted for, affecting total revenues by $0.6m in F2017, $1.1m in F2016 and $1.2m in F2015.

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