Canadian National Christian 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.
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.
100%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.
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OVERVIEW
About Canadian National Christian Foundation:
Canadian National Christian Foundation is a 0-star charity. It has an F in results reporting, meaning it publicly reports very little on its programs. The charity has $46.0m in funding reserves that can cover over 2 years of program costs. Before you give, read Charity Intelligence's report.
Founded in 2003, Canadian National Christian Foundation (CNCF) operates the CNCF Giving Fund, a donor-advised fund that supports Christian charities. In this way, CNCF offers families and ministry organizations an alternative to setting up their own private foundation, at reduced cost and effort. The charity’s mission is to “connect [donors'] money with God’s work” and strives “to work with [donors] to bring meaning to their money while they live and to ensure the legacy they leave reflects the life they lived.”
Canadian National Christian Foundation offers various giving options: outright gifts of one-time donations; bequests though a will; RRSP/RRIF with CNCF as a beneficiary; Life Insurance with CNCF as an owner and/or beneficiary; charitable remainder trust; and charitable gift annuity.
In F2020, CNCF spent $21.8m in grants to support Christian charities.
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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 Canadian National Christian Foundation’s results.
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Finances
Canadian National Christian Foundation received $29.5m in donations in F2020. It also received $2.0m in investment income (6% of total revenues). Administrative costs are less than 1% of donations (excluding investment income), and the charity reports no fundraising costs. For every dollar donated, over 99 cents go to CNCF’s programs. This is outside of Ci’s reasonable range for overhead spending. CNCF’s overhead costs have been outside Ci’s reasonable range since F2015.
CNCF has funding reserves of $46.0m, which can cover annual grants and program costs for 2.1 years.
CNCF has reported no full-time staff and one part-time employee in F2020.
Updated July 25, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending October
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.3% | 0.6% | 0.6% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 0.3% | 0.6% | 0.6% |
| Program cost coverage (%) | 210.1% | 220.4% | 222.7% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 29,534 | 17,407 | 16,902 |
| Investment income | 2,034 | 2,628 | (50) |
| Other income | 4 | 40 | 16 |
| Total revenues | 31,572 | 20,075 | 16,868 |
| Program costs | 77 | 64 | 33 |
| Grants | 21,821 | 16,426 | 14,617 |
| Administrative costs | 100 | 100 | 100 |
| Fundraising costs | 0 | 6 | 1 |
| Total spending | 21,998 | 16,596 | 14,751 |
| Cash flow from operations | 9,574 | 3,479 | 2,117 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 46,004 | 36,351 | 32,622 |
Note: Investment management fees were removed from investment income, affecting both revenues and expenses by ($275k) in F2020, ($257k) in F2019, and ($200k) in F2018. Staff salary and compensation information refers to F2020 because this is the most recent compensation information available.
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 F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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