Vancouver Foundation
- Assets
- $1.1b
- Revenue
- $88.9m
- Investments
- $135.6m
- Employees
- 0
- Location
- Founding
- 06/1983
- Data as of
- 12/2020
- EIN
- 98-0055968
Organization Overview
Vancouver Foundation is located in null. The organization was established in 1983. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Vancouver Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Vancouver Foundation generated $88.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $99.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE'VE BEEN HELPING BUILD HEALTHY VIBRANT AND LIVABLE COMMUNITIES ACROSS BC SINCE 1943.OUR MISSION IS TO HARNESS THE GIFTS OF ENERGY IDEAS TIME AND MONEY TO MAKE MEANINGFUL AND LASTING IMPACTS IN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTING - VANCOUVER FOUNDATION SUPPORTS THOUSANDS OF PROJECTS EACH YEAR TO HELP BUILD HEALTHY VIBRANT AND LIVABLE COMMUNITIES ACROSS BRITISH COLUMBIA CANADA.
COMMUNITY RESPONSE INITIATIVE - IN RESPONSE TO THE COVID-19 PANDEMIC VANCOUVER FOUNDATION DEPLOYED THE COMMUNITY RESPONSE FUND TO PROVIDE ESSENTIAL RELIEF TO CHARITIES IN BC THAT PROVIDE HEALTH AND SOCIAL SERVICES OR ARTS CULTURE AND COMMUNITY BENEFITS THAT HAD BEEN IMPACTED BY COVID-19 AND ITS ECONOMIC CONSEQUENCES. THIS WAS A CROSS-SECTOR PARTNERSHIP WITH OTHER CHARITIES NOT-FOR-PROFIT ORGANIZATIONS CORPORATIONS AND GOVERNMENT.
SYSTEMS CHANGE GRANTS SUPPORT PROJECTS THAT TAKE ACTION TO ADDRESS THE ROOT CAUSES OF PRESSING SOCIAL ENVIRONMENTAL OR CULTURAL ISSUES BY INFLUENCING THE BEHAVIORS OF POPULATIONS ORGANIZATIONS AND INSTITUTIONS. PARTICIPATORY ACTION RESEARCH GRANTS SUPPORT RESEARCH THAT IS CO-LED BY COMMUNITY MEMBERS AND RESEARCHERS TO LEARN MORE ABOUT THE ROOT CAUSES OF PRESSING ISSUES IMPACTING THE HEALTH OF COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Mccort President CEO | Officer | 35 | $280,716 |
Craig Hikida Vice President Donor Services | Officer | 35 | $176,089 |
Emily Thorner Vice President Finance Technology | Officer | 35 | $163,828 |
Eugene Lee Vice President Investments | Officer | 35 | $157,228 |
Dara Parker Vice President Grants And Community Initiatives | Officer | 35 | $149,904 |
Charles Boname Director Information Technology | 35 | $115,307 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ph&n Investment Management Ltd Investment Manager | 12/30/20 | $266,284 |
Black Creek Investment Mgmt Inc Investment Manager | 12/30/20 | $449,647 |
Foundation Partners Erp Consultant | 12/30/20 | $230,765 |
Burgundy Asset Management Ltd Investment Manager | 12/30/20 | $677,851 |
Cause & Affect Design Ltd Marketing & Design | 12/30/20 | $274,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,993,779 |
| Government grants | $1,565,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,301,637 |
| Noncash contributions included in lines 1a–1f | $7,940,797 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,860,658 |
| Total Program Service Revenue | $0 |
| Investment income | $40,087,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,948,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,103 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $83,743,442 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,430,108 |
| Compensation of current officers, directors, key employees. | $698,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,614,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $411,124 |
| Payroll taxes | $172,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,113 |
| Fees for services: Accounting | $59,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,072,560 |
| Fees for services: Other | $624,590 |
| Advertising and promotion | $321,962 |
| Office expenses | $149,275 |
| Information technology | $649,909 |
| Royalties | $0 |
| Occupancy | $518,532 |
| Travel | $9,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357,368 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,801 |
| Insurance | $44,759 |
| All other expenses | $0 |
| Total functional expenses | $99,380,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,712,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $771,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,749 |
| Net Land, buildings, and equipment | $643,988 |
| Investments—publicly traded securities | $950,467,994 |
| Investments—other securities | $135,609,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,296,079 |
| Total assets | $1,114,568,560 |
| Accounts payable and accrued expenses | $983,583 |
| Grants payable | $24,975,783 |
| Deferred revenue | $116,090 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,075,456 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $733,536,086 |
| Paid-in or capital surplus, or land, building, or equipment fund | $643,989 |
| Retained earnings, endowment, accumulated income, or other funds | $354,313,029 |
| Total liabilities and net assets/fund balances | $1,114,568,560 |
Grants Awarded
Over the last fiscal year, Vancouver Foundation has awarded $72,104 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Davis, CA PURPOSE: Scholarship Research Grant | $56,513 |
Atlanta, GA PURPOSE: Research grant | $10,071 |
New York, NY PURPOSE: Scholarship | $5,520 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vancouver Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $1,018,866,396 |
| Earnings | $40,087,727 |
| Admin Expense | -$15,564,688 |
| Net Contributions | $48,860,658 |
| Other Expense | $80,058,556 |
| Grants | -$83,815,545 |
| Ending Balance | $1,088,493,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Toronto | $111,122,160 | $125,483,754 |
Vancouver Foundation | $1,114,568,560 | $88,948,385 |
Federation Cja | $95,723,392 | $84,248,628 |
Sunnybrook Foundation | $338,541,566 | $82,225,949 |
Jerusalem Foundation | $119,104,204 | $47,867,000 |
United Israel Appeal Of Canada Inc | $41,748,744 | $42,397,130 |
Nuffield Foundation | $751,340,789 | $8,543,447 |
Shell Foundation | $694,036,776 | $58,431,899 |