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Conam Charitable Foundation

58 Lista Crescent
Thornhill, ON L4J 2N3
President: Steve Roth
Vice President: Warren Blatt

Website: n/a
Charitable Reg. #: 8426 03615 RR0001
Sector: Fundraising Organization
Public Foundation

Results Reporting

Grade: F

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

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Low

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Conam Charitable Foundation:

Registered in 2007 with the CRA, Conam Charitable Foundation is a public fundraising organization in Thornhill, Ontario that claims to provide donor advice and flow through donation financing to help donors in Canada reduce their after-tax cost of giving. The foundation does not report any contact or compensation information in its T3010 CRA filings and Charity Intelligence could not find a website for details about the charity’s programs and operations.

According to Conam Charitable Foundation’s T3010 CRA filing, the Foundation granted $12.9m to 283 registered charities and qualified donees in F2016. The largest grant was $870k to Lakefield College School Foundation, followed by $805k to Giftpact Foundation Inc., and $564k to Mount Sinai Hospital Foundation. The charity did not grant to organizations outside of Canada.

Financial Review:

The following financial analysis is based on unaudited financial statements provided to Charity Intelligence from the CRA. As such, no financial notes were included and no further breakdown of the figures below are provided.

Conam Charitable Foundation is a Major 100 charity with $17.3m in donations in F2016. Administrative costs were 16% of revenues and fundraising costs were not reported in the financial statements or T3010 filing with the CRA. For every $1 donated, 84 cents went to the cause, falling within Charity Intelligence’s reasonable range for overhead spending. The Foundation has $5.2m in funding reserves, which can cover just under 5 months of grants.

This charity report is an update that is currently being reviewed by Conam Charitable Foundation. Changes and edits may be forthcoming.

Updated on August 8, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 16.5%16.4%14.9%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 40.1%24.1%41.2%

Summary Financial Statements

All figures in $000s
Donations 17,34818,9007,396
Investment income 131414
Total revenues 17,36118,9137,410
Grants 12,94714,8476,448
Administrative costs 2,8533,1021,100
Fundraising costs 000
Other costs 110
Cash flow from operations 1,559963(139)
Funding reserves 5,1883,5702,653
Note: Ci used unaudited financial statements and the charity’s T3010 filing with the CRA to allocate expenses. Ci backed out interest costs from administrative costs and reported it under other costs.

Comments added by the Charity:

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