Canadian Foundation for AIDS Research

1600 - 2200 Yonge Street
Toronto, ON M4S 2C6
CEO: Alex Filiatrault
Board Chair: Andrew M. Pringle

Charitable Reg. #:11883 1437 RR0001


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

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Audited financial statements available only upon request.



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) 62 cents are available for programs.

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About Canadian Foundation for AIDS Research:

Established in 1987, Canadian Foundation for AIDS Research (CANFAR) is dedicated to funding research for the prevention, treatment, and cure of HIV and AIDS. Since its inception, the charity reports raising more than $20m for HIV/AIDS research across Canada. Human Immunodeficiency Virus (HIV) is a virus that infects the human immune system and attacks while blood cells, increasing the body’s susceptibility to infection. Once HIV has compromised the immune system, it can lead to Acquired Immuno Deficiency Syndrome (AIDS). Thanks to advances in treatments, HIV doesn’t always lead to AIDS. There are 75,500 people living with HIV in Canada and the charity reports 6 more contract HIV daily. There is no known cure for HIV or AIDS to date.

CANFAR allocated $725k in research grants in F2016. The charity reports $175k went to 3 projects in prevention research, $260k went to 6 projects in treatment and care research, and $290k went to 5 projects in cure research.

Canadian Foundation for AIDS Research also runs 3 programs: One and All, CANFAR Clubs, and 30 Under Thirty. One and All has provided free and accessible resources to young people to clear up misconceptions about HIV since 1993. CANFAR Clubs are student organizations run at 20 post-secondary schools across Canada with a goal to increase awareness and fundraise for HIV. There are more than 100 students volunteering in this program. Together, these clubs raised $12k for CANFAR in F2016. 30 Under Thirty is a group of 30 Canadians under the age of 30 who raise funds for CANFAR. In F2016, its first year of operation, it raised $39k.

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Canadian Foundation for AIDS Research is a medium-sized charity with $2.0m in donations and special events fundraising in F2015. Administrative costs were 16% of revenues and fundraising costs were 22% of donations. As such, for every $1 donated, 62 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending. Research grants were 38% of revenues in F2015.

CANFAR has funding reserves of $1.5m, of which $263k are donor-endowed. Excluding donor-endowed funds, the charity can cover annual program costs for 1 year.

This charity report is an update that is currently being reviewed by Canadian Foundation for AIDS Research. Changes and edits may be forthcoming.

Updated on June 21, 2017 by Juliana Badovinac.

Financial Review

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 15.9%15.8%15.8%
Fundraising costs as % of donations 21.7%22.7%30.5%
Program cost coverage (%) 100.2%126.3%115.0%

Summary Financial Statements

All figures in $s
Donations 637,482726,858575,080
Special events 1,354,1491,154,7491,057,332
Investment income 21,21476,46022,922
Total revenues 2,012,8451,958,0671,655,334
Program costs 486,761494,467394,809
Grants 765,463545,919677,248
Administrative costs 315,660297,592257,703
Fundraising costs 431,685427,457498,189
Cash flow from operations 13,276192,632(172,615)
Funding reserves 1,504,5811,559,8531,480,978

Note: Ci removed amortization from administrative expenses, affecting administrative costs by ($10k) in F2015, ($7k) in F2014, and ($3k) in F2013.

Salary Information

Full-time staff: 13

Avg. Compensation: $37,968

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 F2015

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