True Patriot Love Foundation

130 Bloor Street West, Suite 905
Toronto, ON M5S 1N5
CEO: Bronwen Evans
Board Chair: Shaun Francis

Website: www.truepatriotlove.com
Charitable Reg. #: 81464 6493 RR0001
Sector: Veterans
Public Foundation

Donor Accountability

Grade: A-

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

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #10

Avg. Compensation $90,662

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 1
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About True Patriot Love Foundation :

Founded in 2009, True Patriot Love Foundation (TPL) bridges gaps in government funding to support Canadian military personnel and their families. Its mission is to inspire every Canadian to contribute to the resilience and well-being of Canadian military and Veteran families. Leveraging its expertise in fundraising, TPL has provided more than $18m to support military families and community-based programs across Canada since 2009. TPL Foundation’s programs include: family health and support; mental health and well-being; veterans transition (including physical health and rehabilitation); and research and innovation.

True Patriot Love granted $1.6m to 33 veteran and military charities in F2016. The five largest grants were: $225k to Prospect Human Services, $186k to Veterans Transition Network, $135k to Prince's Operation Entrepreneur, $117k to Outward Bound Canada, and $100k to Halifax Military Resource Centre to support the Strongest Families Institute. The average grant size was $48k. TPL’s grants were 53% of all program and grant disbursements in F2016.

Financial Review:

True Patriot Love Foundation is a big-cap charity with $6.8m in donations and special events fundraising in 2016. Administrative costs were 7% of revenues and fundraising costs were 32% of donations. For every $1 donated, 61 cents went to the cause, falling outside of Charity Intelligence’s reasonable range for overhead spending. TPL Foundation has $2.1m in funding reserves which can cover just over 8 months of programs and grants, indicating a need for funding.

This charity report is an update that is currently being reviewed by True Patriot Love Foundation. Changes and edits may be forthcoming.

Updated on August 25, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 7.3%13.4%10.1%
Fundraising costs as % of donations 31.5%44.5%33.7%
Program cost coverage (%) 69.1%40.1%62.8%

Summary Financial Statements

All figures in $000s
201620152014
Donations 3,1932,0772,551
Special events 3,6332,4114,971
Other income 8722
Total revenues 6,8344,4957,544
Program costs 1,4551,4361,913
Grants 1,6431,4651,712
Administrative costs 500602764
Fundraising costs 2,1481,9962,533
Cash flow from operations 1,088(1,003)622
Funding reserves 2,1421,1622,276

Comments added by the Charity:

The True Patriot Love Foundation supports transparency in financial reporting so that donors can make informed choices on where to direct their funds. We invite you to visit http://truepatriotlove.com/content/uploads/2017/08/2016-Annual-Report_FINAL-2-1.pdf and read our annual report to better understand the context of the data and the impact of our work.

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