Calgary Stampede Foundation

1410 Olympic Way S.E.
Calgary, AB T2G 2W1
Vice President: Sarah Hayes
Board Chair: Bob Thompson

Charitable Reg. #:89312 5070 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

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Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 94 cents are available for programs.

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About Calgary Stampede Foundation:

Established in 1994, the Calgary Stampede Foundation runs education, music and performing arts programs for Albertan youth to connect them with their western heritage. The Foundation grants scholarships to young adults for post-secondary education and gives awards to youth for their achievements in the performing arts. Together with the Calgary Stampede, the Foundation has also made numerous investments to restore and operate historic parks and buildings in Calgary in recent years (see financial review below for more information).

The Calgary Stampede Foundation runs numerous youth programs. Its Calgary Stampede Showband, Showriders and Band of Outriders music programs (39% of program costs in F2017) are comprised of 164 students ages 16 to 21 from Calgary. The Showband program offers youth diverse opportunities to develop their performance, musicianship and leadership skills. In 2017, the Showband performed 215 times around the world and each student spent an average of 877 hours with instructors. The Calgary Stampede Showriders program develops youth within the equestrian community through performances, teamwork and leadership. In 2017, the Showriders performed 60 times with 321 hours of instruction. The Calgary Band of Outriders is a group of 35 volunteer musicians who provide a unique musical experience. Focusing on performances, teamwork, and community spirt this group of adults performs over 100 times annually for audiences of all ages.

The Foundation’s Young Canadians School of Performing Arts (32% of program costs in F2017) provides professional training to 128 dedicated Calgary youth each year who want to pursue dance, singing and/or drama. In F2017, the Foundation reports the program put on 31 performances and each student received an average of 600 hours of training.

The Foundation’s third core youth program is the Stampede School education program (9% of program costs in F2017). The Stampede School Stampede School is a week-long hands-on educational experience for students in grades 1 to 12 that relocates their classroom to Stampede Park. Students are surrounded by artifacts, unique cultures and guest speakers and make connections to history, agriculture and western heritage. The 2017 Youth Achievement Annual Report notes that the program held 23 classes while teaching 497 students over 575 instructional hours during the 2016-17 school year.

Other youth programs that are run by the Calgary Stampede Foundation include 4-H programs (10% of program costs in F2017) and the OH Ranch Education program (4% of program costs). The Foundation also granted 135 scholarships to students in Alberta in F2017, worth a total of $155,000 (6% of program costs).

Results and Impact: In front of 20,000 spectators, the Calgary Stampede Showband earned a gold medal with distinction in the World Music Contest in Netherlands for its production called Mosaic, in which Showband members collaborated with Indigenous youth singers, dancers, and drummers.

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The Calgary Stampede Foundation is a Large charity with donations and special events revenue of $8.0m in F2017. Administrative costs are 5% of revenues and reported fundraising costs of $117k in the charity’s audited financial statements are 1% of donations. For every dollar donated to the charity, $0.94 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. The Foundation has total funding reserves of $28.5m, including $599k of donor-endowed funds. Excluding the Foundation’s donor-endowed funds, the Foundation can cover annual grants and program costs for more than 10 years. This does not indicate a need for donations.

The CEO of the Calgary Stampede, Warren Connell, has reported that the Foundation takes a cautious approach to saving money for the construction of new projects.1 The Foundation often waits until it has enough money to pay for the entire project before it starts building. It is important to note that included in the Foundation’s funding reserves is $16.1m worth of investments which are restricted in the Capital Fund to pay for the future construction of new buildings and facilities.

In 2017, the Calgary Stampede Foundation entered into an agreement with the Calgary Stampede to further develop, maintain and operate ENMAX Park. This is a 16-acre year-round community park along the Elbow River. The Foundation incurred $6.4m in capital costs for construction in the park in F2017.

In 2016, the Calgary Stampede Foundation received and spent $5 million from the Calgary Stampede to finance significant renovations of the TransAlta Performing Arts Studios. Additional agreements have been signed between the Foundation and the Calgary Stampede to support construction of the BMO Amphitheatre, the SAM Centre and Walton Hall. The Foundation paid a total of $3.3m to the Calgary Stampede in F2017 for these projects.

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

Updated on July 24, 2018 by Derek Houlberg.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 4.5%2.9%2.7%
Fundraising costs as % of donations 1.5%0.4%0.1%
Program cost coverage (%) 1,022.5%1,508.2%1,429.6%

Summary Financial Statements

All figures in $000s
Donations 7,5349,0229,351
Goods in kind 56156
Special events 500349413
Investment income 444526486
Other income 454341537
Total revenues 8,98910,25310,792
Program costs 2,6032,1451,902
Grants 154148121
Administrative costs 386282277
Fundraising costs 1183613
Other costs 22000
Cash flow from operations 5,5077,6428,479
Funding reserves 28,48334,67428,912

Note: Ci did not include amortization of deferred capital contributions, decreasing revenue by $2k in F2017, $7k in F2016 and $7k in F2015. Ci included contributions from the Calgary Stampede in donations, increasing total revenues by $610k in F2015. Ci backed out donated tangible capital assets from donations and included them in donated goods in kind. Ci backed out amortization of capital assets from administrative costs, decreasing administration by $7k in F2016 and $7k in F2015. Ci included amount paid to employees for fundraising activities in fundraising costs, increasing total expenses by $100k in F2017. 1

Salary Information

Full-time staff: 6

Avg. Compensation: $51,530

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2016

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Comments & Contact

Comments added by the Charity:

Strong Youth.  Stronger Community. By creating programs and places for youth to thrive, the Calgary Stampede Foundation creates motivated and engaged young Calgarians, empowered to do amazing things.

Charity Contact

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