David Foster Foundation

212 Henry Street
Victoria, BC V9A 3H9
CEO: Michael Ravenhill
Board Chair: David Foster

Charitable Reg. #:10700 4210 RR0001

STAR RATING

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

[Charity Rating: 1/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

D+

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.

63%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.



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OVERVIEW

About David Foster Foundation:

David Foster Foundation is a 1-star charity. It has $35.8m in funding reserves that can cover annual program costs for over 31 years. The charity's overhead costs are also outside Ci's reasonable range for overhead spending.

David Foster, the Canadian Grammy Award winner, founded David Foster Foundation (DFF) in 1986. DFF’s mission is to support Canadian families with children in need of organ transplants by helping families with their non-medical expenses. The foundation also strives to increase public awareness of the importance of becoming a registered organ donor. The charity reports that there are currently 4,500 Canadians waiting for organ transplants and of those on the waitlists, there will be one death every 30 hours. DFF reports that less than 25% of Canadians have registered to be organ donors. The charity does not provide a breakdown of its spending on its programs. 

Through the financial support program, the foundation supports families with children in need of a transplant with many costs. This may include travel, accommodation, food, clothes, basic personal items, and rent or mortgage assistance. DFF reports having helped over 1,300 families since its creation. DFF does not disclose details regarding how it helped these families or if it supported any other children who didn’t receive an organ. 

David Foster Foundation also runs a public awareness program in hopes of increasing the number of organ donors in Canada. DFF reports having digital billboards in Vancouver, Toronto, and Montreal displaying messages highlighting the importance of organ donation. 

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Results and Impact

Charity Intelligence did not find any reported outcomes on the charity’s website. This may not be a complete representation of David Foster Foundation’s results.  

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Finances

David Foster Foundation’s financial statements are not posted on its website nor provided when requested. Charity Intelligence’s financial review uses the 2021 unaudited financial statements. The CRA best practices recommend that charities with over $250k in donations provided audited financial statements.  

DFF had donations of $1.5m in F2021, this is a 19% decrease from F2020. Administrative costs are 17% of revenues and fundraising costs are 20% of donations. This results in total overhead spending of 37%. For every dollar donated, 63 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.  

DFF has $35.8m in funding reserves. The charity could cover around 31 years of annual program costs with current reserves.  

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

Updated on July 29, 2022 by Emma Saganowich.  

Financial Review


Financial Ratios

Fiscal year ending December
202120202019
Administrative costs as % of revenues 17.2%13.0%9.7%
Fundraising costs as % of donations 19.8%4.7%22.8%
Total overhead spending 37.0%17.7%32.5%
Program cost coverage (%) 3,103.3%2,696.0%2,144.3%

Summary Financial Statements

All figures in $s
202120202019
Donations 1,535,2621,902,3861,299,890
Special events 012,5001,891,452
Investment income 3,244,4333,336,9002,093,506
Total revenues 4,779,6955,251,7865,284,848
Program costs 1,146,3461,146,1101,198,540
Grants 6,0006,00058,400
Administrative costs 263,780248,344307,965
Fundraising costs 304,58189,956727,834
Total spending 1,720,7071,490,4102,292,739
Cash flow from operations 3,058,9883,761,3762,992,109
Capital spending 000
Funding reserves 35,761,00231,061,31726,952,466

Note: Ci reported program, administrative, and fundraising costs from the charity’s T3010 filings with the CRA. Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis. Ci included unrealized gain on investments, this increased total revenue by $2.3m in F2021, $2.7m in F2020, and $1.4m in F2019. 

Salary Information

Full-time staff: 4

Avg. compensation: $114,861

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.davidfosterfoundation.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 250 475-1223

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