Loran Scholars Foundation

460 Richmond St. W., Suite 502
Toronto, ON M5V 1Y1
Executive Director: Franca Gucciardi
Board Chair: Nancy Young

Charitable Reg. #:85513 2643 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) 89 cents are available for programs.

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About Loran Scholars Foundation :

Founded in 1988 as the Canadian Merit Scholarship Foundation, Loran Scholars Foundation (LSF) offers Canada’s largest four-year scholarship award. LSF partners with universities, donors, and volunteers across Canada to give out awards up to $100,000 in value. LSF supports undergraduate students in the hope of helping them become Canada’s future leaders.

The Loran Scholarship is a merit-based scholarship given to students who show promise of leadership and other talents that will make their communities a better place, both during and after their time at university. In F2018, LSF selected 34 people to become Loran Scholars. The Loran Scholarship includes up to $10,000 annually to pay for tuition, a matching tuition waiver from one of 25 partnered universities, mentorship, summer internship opportunities, access to a network of current and former Loran Scholars, and a summer orientation experience. It also gave out 54 grants, valued at $5,000 to people who applied and were not selected for scholarship, as well as 50 provincial awards valued at $2,000.

Every Loran Scholar is paired with a Canadian leader for a four-year mentorship relationship. During the summer, Loran Scholars are encouraged to gain meaningful work experience. To help this process, Loran Scholars are given access to their network of alumni as well as up to $10,000 in funding for internship opportunities. These internships can be done anywhere in the world, providing they are focused on enterprise, public policy, or community development. 

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Results and Impact

Charity Intelligence has rated Loran Scholars Foundation as Fair impact based on demonstrated impact per dollar spent.

Impact Rating: Fair

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Loran Scholars Foundation is a medium-sized charity with $3.2m in donations in F2018. LSF’s fundraising and administrative costs are 11% of revenues (excluding investment income).  For every dollar donated, 89 cents  go to the cause. This is within Ci’s reasonable range. LSF has $16.1m in funding reserves, of which $3.6m is donor-endowed. Excluding endowed funds, funding reserves can cover program costs for five and a half years.

This charity report is an update that has been sent to Loran Scholars Foundation for review. Comments and edits may be forthcoming.

Updated May 17, 2019 by Stefan Tetzlaff.

Financial Review

Financial Ratios

Fiscal year ending April
Fundraising & admin costs as % of revenues 10.6%6.5%8.7%
Program cost coverage (%) 554.8%535.2%416.5%

Summary Financial Statements

All figures in $s
Donations 3,172,9075,043,4203,284,686
Investment income 133,4071,137,617185,875
Other income 113,33587,17173,750
Total revenues 3,419,6496,268,2083,544,311
Program costs 1,065,5231,067,5491,047,650
Grants 1,353,0001,300,8331,168,875
Fundraising & administrative costs 348,293335,471293,131
Cash flow from operations 652,8333,564,3551,034,655
Funding reserves 16,057,01515,369,51811,793,330

Note: Ci reports restated figures for F2017. Ci adjusted for deferred donations, affecting total revenues by (72k) in F2018, $1.9m in F2017 and and $516k in F2016. Ci reported endowment contributions in donations and preservation of endowment capital in investment income, affecting total revenues by $58k in F2018, $444k in F2017 and $55k in F2016.

Salary Information

Full-time staff: 8

Avg. Compensation: $85,844

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 F2018

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.loranscholar.ca
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