Canadian Olympic Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
About Canadian Olympic Foundation:
The Canadian Olympic Foundation is a 3-star charity. It has below average disclosure with a B- results reporting grade. It holds reserves within Ci’s reasonable range. For every dollar donated to the Canadian Olympic Foundation, 82 cents are available to go to the cause.
Founded in 2007, the Canadian Olympic Foundation is the fundraising arm of the Canadian Olympic Committee (COC). The charity raises funds to support Team Canada athletes at all stages of their Olympic journey, covering costs such as coaching, training, sports science, and medical support that the COC's public funding does not fully cover. It also administers a range of athlete awards and bursaries, including direct-to-athlete programs like the Great to Gold program and the Team Canada Podium Awards, which help offset training and competition expenses for current and next-generation athletes. In 2024, 179 Team Canada athletes and coaches received funding through Canadian Olympic Foundation awards and bursaries.
The Canadian Olympic Foundation runs four programs: Sport Excellence, Pathway Development, Athlete and Coach Engagement, and Team Canada Impact Agenda. In the fiscal year ending December 2025, the charity spent $7.4m on its grants. It does not disclose how these grants were distributed across its four programs.
At the time of this update, the Canadian Olympic Foundation's website had yet to be updated; thus, the results below reflect 2024 figures from its website and data from its 2023 impact report.
Sport Excellence funds training, competitions, sport science, and Olympic operations, delivered through Canada's National Sport Organizations (NSOs). In 2024, the Canadian Olympic Foundation granted $2.1m to NSOs and sport partners. In 2023, the COC supported 180 projects through its investments in NSOs.
Athlete and Coach Engagement provides direct support to athletes and coaches through initiatives, awards, and bursaries. In 2024, the Canadian Olympic Foundation granted $1.9m in athlete bursaries. This included six Indigenous bursary awards valued at $5k each. The Foundation also granted Team Canada Podium Awards, which gave Paris 2024 and Milano-Cortina 2026 medalists $5k per medal earned.
Pathway Development funds programs that identify and develop young athletes on track to become future Olympians. In 2024, the Canadian Olympic Foundation supported 926 athletes through NextGen grants. The Future Olympians Fund supported 48 athletes and 54 coaches from 2013-2023. At the 2024 Youth Olympic Games, 79 athletes aged 14-18 competed for Team Canada across 12 sports. In 2023, Olympic Day Grants drew 581 eligible school applicants, with six grants awarded totalling $30k (grants that helped schools fund programs to boost student access and inclusion in sport).
Team Canada Impact Agenda is a set of initiatives focused on making sport safe, inclusive, and accessible for young people, organized around three areas: Podium, Play, and Planet. In 2024, the Canadian Olympic Foundation granted $4.1m to the COC to support its priority programs. Since its inception in 2019, the OLY Canada Legacy Grants program (grants supporting Olympian-led community projects) has funded 32 projects, investing $245k in total.
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Results and Impact
The charity reports that 62% of Team Canada athletes named to the Paris 2024 Canadian Olympic team had received support from the Canadian Olympic Foundation on their Olympic athlete journeys. Additionally, 41% of Team Canada’s medals at Paris 2024 were won by athletes who received NextGen support. Of Canada’s 27 medals won at Paris 2024, 15 were earned by Great to Gold recipients.
While Ci highlights these key results, they may not completely represent the Canadian Olympic Foundation's results and impact. The Canadian Olympic Foundation is not yet rated on impact (n/r). This does not affect its star rating.
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Finances
In 2025, the Canadian Olympic Foundation earned $8.7m in total revenue. It received $8.1m in cash donations (93% of total revenue) and $569k in net investment income (7% of total revenue).
Ci used the charity's T3010 filing with the CRA to determine administrative and fundraising costs. At the time of this report, the Canadian Olympic Foundation's 2025 filing was not yet available. Ci thus used the combined administrative and fundraising cost figure reported in the charity's 2025 audited financial statements.
Administrative and fundraising costs are 19% of revenues (less investment income). Total overhead is 19%. For every dollar donated to the Canadian Olympic Foundation, 82 cents are available for programs.
In 2025, the Canadian Olympic Foundation spent $7.4m on grants (86% of total revenue). It recorded a $282k deficit, drawing on its reserve funds.
The Canadian Olympic Foundation has $13.3m in net reserves. Of this, $7.8m is donor endowed. Excluding donor-endowed funds, the Canadian Olympic Foundation could cover 78%, or roughly nine months of annual program costs.
This charity update has been sent to the Canadian Olympic Foundation for review. Changes and edits may be forthcoming. Updated by Nick Reszetnik on August 21, 2026.
Financial Review
Fiscal year ending December
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.0% | 9.5% | 11.5% |
| Fundraising costs as % of donations | 0.0% | 9.6% | 15.5% |
| Fundraising & admin costs as % of revenues | 18.5% | 18.9% | 26.5% |
| Total overhead spending | 18.5% | 18.9% | 26.5% |
| Program cost coverage (%) | 77.6% | 66.5% | 78.7% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 8,071 | 7,274 | 5,643 |
| International donations | 0 | 199 | 141 |
| Goods in kind | 10 | 23 | 0 |
| Special events | 0 | 2,900 | 0 |
| Investment income | 569 | 865 | 1,132 |
| Total revenues | 8,650 | 11,261 | 6,916 |
| Grants | 7,437 | 8,048 | 6,276 |
| Administrative costs | 0 | 985 | 663 |
| Fundraising costs | 0 | 979 | 872 |
| Fundraising & administrative costs | 1,495 | 0 | 0 |
| Total spending | 8,932 | 10,012 | 7,811 |
| Cash flow from operations | (282) | 1,249 | (895) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 13,285 | 12,402 | 12,247 |
Note: 1. T3010: The Canadian Olympic Foundation's audited financial statements do not clearly distinguish between fundraising and donations revenue, or between fundraising and administrative costs. Ci used the charity's T3010 filing to determine these allocations. However, COF's 2025 filing is not yet available. On the revenue side, Ci allocated the charity's combined fundraising and donations revenue to donations. On the expense side, Ci reported fundraising and administrative costs combined for 2025. 2. Deferred Revenue: Ci adjusted for deferred revenue. This affected total revenue by ($204k) in 2025, $nil in 2024, and $nil in 2023. 3. Investment Management Fees: Ci reported investment income net of investment management fees. This affected total revenue and expenses by ($79k) in 2025, ($74k) in 2024, and ($82k) in 2023.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
0 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
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