Conam Charitable Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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Programs
About Conam Charitable Foundation:
Registered in 2007 with the CRA, Conam Charitable Foundation is a donor-advised fund that facilitates donations of flow-through shares 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 as all services are provided pro-bono. 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 $26m to 454 registered charities and qualified donees in F2018. The five largest grant recipients in F2018 were: Toronto General & Western Hospital Foundation ($3.3m), Charitable Gift Fund Canada Foundation ($2.0m), The Joseph Segal Family Foundation ($1.0m), Alvin Segal Family Foundation ($1.0m), and Claudine and Stephen Bronfman Family Foundation ($777k).
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Finances
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 is provided.
Conam Charitable Foundation is a Major 100 charity with $23.5m in donations in F2018. Administrative costs were 14% of revenues and fundraising costs were not reported in the financial statements or T3010 filing with the CRA. For every $1 donated, 86 cents went to the cause. This is within Charity Intelligence’s reasonable range for overhead spending. The Foundation has $6.4m in funding reserves. Reserves can cover granting at the F2018 level for just under 3 months.
This charity report is an update that has been sent to Conam Charitable Foundation. Changes and edits may be forthcoming.
Updated on July 11, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.5% | 14.7% | 16.5% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Program cost coverage (%) | 24.1% | 36.1% | 40.1% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 23,536 | 49,508 | 17,348 |
| Investment income | 45 | 27 | 13 |
| Total revenues | 23,581 | 49,535 | 17,361 |
| Grants | 26,406 | 35,184 | 12,947 |
| Administrative costs | 3,187 | 7,283 | 2,853 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | 3 | 2 | 1 |
| Cash flow from operations | (6,014) | 7,066 | 1,559 |
| Funding reserves | 6,357 | 12,702 | 5,188 |
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.
Salary Information
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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