Canucks for Kids Fund
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.
D+
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.
-26%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) -26 cents are available for programs.
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OVERVIEW
About Canucks for Kids Fund:
Canucks for Kids Fund is a 1-star charity. It is not financially transparent and has a D+ results reporting grade, which is below average. Its overhead spending is 126%, which is not within Ci’s reasonable range. Its reserve funds can cover program costs for over two years, which is within Ci’s reasonable range. Read Ci’s report before donating.
Founded in 1986, Canucks for Kids Fund (CKF), operated by the Vancouver Canucks hockey club, grants to charities and organizations that support children’s health and wellness, education, and other social impact areas in British Columbia. It also runs hockey and education programs for children.
CKF spent $6.0m on its programs and grants in the fiscal year ending July 2024 (F2024). Its programs and grants are divided into four pillars: Health and Wellness, Education, Grassroots Hockey, and Social Impact Programming. The charity did not provide a spending breakdown on its programs and grants.
Health and Wellness: CKF supports charities and hospitals that provide life-saving care to families across British Columbia. In F2024, its three main health and wellness grant recipients were Canucks Autism Network, Canuck Place Children’s Hospice, and BC Children’s Hospital Foundation. It also runs three wellness programs that increase awareness and aid for people with mental health issues, cancer, and autism.
Education: CKF funds scholarships for students in BC and runs classroom programs to support schools and families, such as the Canucks Family Education Centre. The Canucks Family Education Centre offers family literacy programming to allow children and parents to learn together. In F2024, it provided scholarships to four people. The Canucks Family Education Centre had a total of 78 adults participate in seminars and 17 children attend learning sessions.
Grassroots Hockey: CKF partners with Vancouver Canucks, BC Hockey and Hockey Canada to provide hockey-related opportunities for youth. It runs two Grassroots Hockey programs: Mini Minor and Every Kid’s Dream. Mini Minor gives youth hockey teams tickets to NHL games and provides them with professional hockey coaching. Every Kid’s Dream gives youth the opportunity to be in the Canucks starting lineup and stand with hockey idols.
Social Impact Programming: CKF supports organizations that aim to uplift marginalized communities such as Indigenous people, LGBTQ+ individuals, people of colour and more. It also hosts events to celebrate these communities. In F2024, CKF granted to nine social impact organizations.
In F2024, CKF provided grants to 42 organizations across all its pillars.
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Results and Impact
Ci found that Canucks for Kids Fund reported many stories but few results on its work.
While Ci highlights this lack of results, it may not completely represent CKF’s results and impact.
Ci has not calculated CKF’s impact. This shows as n/r and does not affect the star rating.
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Finances
Canucks for Kids Fund is not financially transparent. Its audited financial statements are not posted on its website nor provided when requested. Charity Intelligence received CKF’s financial statements from the CRA Charities Directorate.
Although Canucks for Kids Fund's audited financial statements provide some disclosure on how much it spent on programs, grants and overhead costs, it did not break out its overhead costs between fundraising and administrative expenses. This means CKF follows line-item costing, which is not a best practice. Given this, Ci referred to its T3010 filing with the CRA Charities Directorate to report administrative and fundraising costs.
CKF received $3.1m in Canadian donations and special event fundraising in F2024, which is 19% of total revenue. This is a 51% increase from the $2.0m in donations and special event fundraising in F2023. It spent $6.0m on its programs and grants in F2024, which is 38% of revenue; $289k went to its programs and it granted $5.8m. Its top three grant recipients were Canucks Autism Network ($2.2m), Burnaby Hospital Foundation ($400k), and Canadian Council of Provincial and Territorial Sport Federations ($316k). CKF recorded a surplus of $5.7m in F2024 (36% of revenue).
CKF spent $3.4m on fundraising costs, which is 112% of donations. It spent $452k on administrative costs, which is 13% of revenue. CKF has total overhead spending of 126%. This means the charity spends more on administrative and fundraising costs than it receives in donations and special event revenue. For every dollar donated to CKF, less than zero cents are available to go to the cause. This is not within Ci’s reasonable range of 65-95.
CKF had net lottery revenue of $12.4m after expenses of $12.2m. This means that for every dollar given towards the lottery, 50 cents went to the charity.
CKF has $12.9m in reserve funds (cash and investments). CKF can cover 213%, or two years and one month of its annual program and grant costs with its reserve funds. This is within Ci’s reasonable range.
This report is an update that has been sent to Canucks for Kids Fund for review. Changes and edits may be forthcoming.
Updated on July 24, 2025, by Leah DeFrancesco.
Financial Review
Fiscal year ending July
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 13.3% | 8.3% | 3.8% |
Fundraising costs as % of donations | 112.5% | 115.3% | 134.6% |
Total overhead spending | 125.7% | 123.6% | 138.4% |
Program cost coverage (%) | 212.6% | 72.0% | 356.4% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 821 | 382 | 393 |
International donations | 0 | 33 | 0 |
Goods in kind | 352 | 283 | 146 |
Government funding | 0 | 0 | 34 |
Lotteries (net) | 12,417 | 7,707 | 9,741 |
Special events | 2,230 | 1,636 | 933 |
Investment income | 135 | 350 | 21 |
Total revenues | 15,955 | 10,392 | 11,268 |
Program costs | 289 | 140 | 27 |
Grants | 5,757 | 9,963 | 2,512 |
Donated goods exp | 352 | 283 | 146 |
Administrative costs | 452 | 194 | 57 |
Fundraising costs | 3,432 | 2,327 | 1,785 |
Total spending | 10,282 | 12,907 | 4,527 |
Cash flow from operations | 5,673 | (2,515) | 6,741 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 12,852 | 7,276 | 9,050 |
Note: 1. Ci adjusted for deferred event revenues, affecting revenue by ($50k) in F2024, $71k in F2023, and $88k in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-899-7400