400-163 W Hastings St.
Vancouver, BC V6B 1H5
President & CEO: Joanna Kerr
Board Chair: Andrew Heintzman

Charitable Reg. #:86894 7797 RR0001

STAR RATING

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

🔓
Unlock Charity Ratings

✔+

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.

73%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.



My anchor

Programs

About MakeWay:

Founded in 2000, MakeWay Foundation (MakeWay) aims to fund projects that help people and nature thrive together. Before June 2020, MakeWay was known as Tides Canada. Based on the model of Tides Foundation in the US, MakeWay sets up partnerships with local groups, leaders, foundations, and governments to protect nature. In F2019, MakeWay Foundation provided $29.7m in grants to more than 200 local groups. MakeWay funds three main categories of projects: Northern projects, Pacific projects, and other.

MakeWay’s Northern projects support land stewardship and Indigenous groups in Northern Canada. The charity currently reports on six active Northern projects. In F2019, MakeWay funded the pilot year of the EntrepreNorth program. EntrepreNorth brought together nine future entrepreneurs for a six-month training program. The training program encourages members to create sustainable ventures that support Northern communities and celebrate Indigenous culture. Entrepreneurs created products ranging from handcrafted whale oil soaps to jewelry made from natural materials. In October 2019, MakeWay helped fund a second cohort of eight EntrepreNorth participants.

MakeWay’s Pacific projects aim to help people and nature on the coast of British Columbia. MakeWay reports on 12 active Pacific projects. For the past ten years, MakeWay has funded the conservation of the Great Bear Rainforest in BC. MakeWay reports that it has invested a total of $81.6m into 187 economic development projects and 166 land conservation projects. The charity states that its projects in the Great Bear Rainforest have produced 1,033 jobs.

MakeWay reports on 38 other active projects. These range from freshwater conservation projects to advocacy for regulations on toxic chemicals. MakeWay also allows donors to set up donor advised funds for specific causes of their choice. The charity managed 108 donor advised funds in F2019, representing 22% of grants. MakeWay provides an online portal that helps contributors to donor advised funds easily donate, select causes, and track the use of funds.

My anchor

Results and Impact

MakeWay states that the Great Bear Rainforest encompasses 6.4 million hectares of land along the coast of BC. It also contains a range of wildlife and the unceded territory of 26 First Nations. In the past decade, MakeWay states that it has contributed to the protection of 2.1 million hectares of the Great Bear Rainforest.

While Ci highlights these key results, they may not be a complete representation of MakeWay Foundation’s results and impact.

My anchor

Finances

MakeWay consolidates its financial statements between MakeWay Charitable Society and MakeWay Foundation. Ci has therefore consolidated the two in its financial analysis.

In F2018, MakeWay changed its fiscal year end from December to March. The available data for F2018 represents only a three-month period ending on March 31, 2018. As a result, F2018 figures are not comparable.

MakeWay is a Large charity, with total donations of $16.4m in F2019. MakeWay does not report its administrative and fundraising costs separately in its audited financial statements. Combined overhead costs are 27% of total revenues (less investment income). For every dollar donated to the charity, 73 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

MakeWay has $54.2m in total funding reserves, which could cover annual program costs for 2.3 years.

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

Updated on July 15, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Fundraising & admin costs as % of revenues 26.9%29.8%20.9%
Total overhead spending 26.9%29.8%20.9%
Program cost coverage (%) 233.1%270.7%295.0%

Summary Financial Statements

All figures in $000s
201920182017
Donations 16,4253,29819,270
Investment income 5,8061,2755,747
Other income 5,6541,0614,234
Total revenues 27,8865,63429,251
Grants 23,2675,72921,189
Donor-designated donations 6,41901,156
Fundraising & administrative costs 5,9291,2994,913
Total spending 35,6157,02827,258
Cash flow from operations (7,730)(1,394)1,994
Capital spending 16870451
Funding reserves 54,22562,02862,511

Note: Ci reported donor-designated grants from the charity’s available annual reports, which reconciled with its audited financial statements. This included $6.4m in donor advised funds in F2019 and $1.2m in F2017. Ci backed out amortization of tangible and intangible assets from combined administrative and fundraising costs.

Salary Information

Full-time staff: 136

Avg. Compensation: $59,453

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
3
$80k - $120k
4
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

My anchor

Comments & Contact

Comments added by the Charity:

The charity added the following comments to a previous profile. New comments may be forthcoming.

Transparency of information is a vital part of modern day charity. However, we believe that a one-size-fits-all model of evaluation based on financial results does not measure charities’ effectiveness or need for donations accurately. For example, Tides Canada Foundation receives funding to be allocated over the long term, designated for programmatic work to be conducted over multiple years. Charity Intelligence constructs a snapshot of a single fiscal year, resulting in a skewed view of revenues and programmatic expenditures that does not reflect the longer-term nature of our work. 

In addition, we have concerns over the oversight and accuracy of the financial information presented as we found significant errors in the financial calculations that Charity Intelligence originally posted. These have now been corrected in the current posting.

We do appreciate that Charity Intelligence includes comments from charities on their profiles, and that they seem committed to an increased focus on impact assessment.

Charity Contact

Website: www.makeway.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-647-6611

Print