On February 1, 2017, the Canadian Cancer Society (CCS) and the Canadian Breast Cancer Foundation (CBCF) joined forces. This unprecedented merger allows the new CCS to accelerate the impact of donor dollars on cancer research and vital support services for people living with and affected by cancer. Learn more about this merger here
To view the Canadian Cancer Society's national Financial statements, please click here
.Please note the financial information below is the Canadian Breast Cancer Foundation's financial statements for fiscal 2016, before the Canadian Breast Cancer Foundation merged with the Canadian Cancer Society.
Where Our Funds Come From
The Foundation has the support of millions of Canadians across the country. With the help of our donors, partners, corporate sponsors, volunteers, and staff, the Foundation has raised substantial funds for the cause.
The majority of the money raised for a future without breast cancer comes from special events such as the Canadian Breast Cancer Foundation CIBC Run for the Cure. The CIBC Run for the Cure accounts for 59% of our revenues. The Foundation is also supported by corporate sponsorships, individual donations, cause-related marketing and other special events.
In fiscal 2016, the Foundation allocated $21.9 million towards cause-related work, which consisted of $13.9 million to research and expanding research capacity (such as fellowships, awards, studentships, etc.), as well as $8.0 million for health promotion and education programs.
To view our most recent audited financial statements, select the year below:
The Foundation awards grants every year through a process guided by four principles: rigour, accountability, fairness and transparency.
A panel of unbiased experts recruited from across North America reviews eligible funding proposals to ensure that donor dollars will have maximum impact. Initiatives that are well-planned, highly relevant and have the potential to make a meaningful difference are recommended for funding.
Our Cost of Fundraising and Administration
The Canadian Breast Cancer Foundation is dedicated to finding the optimal balance between dollars invested in grants and other cause-related work, and dollars spent on fundraising and other necessary expenditures. Our goal is to maximize our cause-related spending.
The Foundation's cost of fundraising is 36.9%. CBCF follows best practices within the charitable sector and works to ensure our costs of fundraising and administration are within industry norms, for organizations of similar size, scope and fundraising focus.
Canada is a rich, diverse country, and the breast cancer cause has drawn strength from its connection to local communities, which is why CBCF believes it is important to have a presence across Canada. For that reason, we have offices located across the country with employees working on fundraising, health promotion and advocacy programs that respond to local needs and reflect the local community. The investment in maintaining a presence across Canada results in an administrative cost of 18.2%.
It should be noted that in Fiscal 2016 we incurred significant one-time costs as a result of consolidating from four regional offices to one nationally led entity. We’re confident that these changes will help set the stage for increased efficiencies in the long term.
What is a T3010?
It is the Registered Charity
Information Return set out by the Canada Revenue Agency (CRA). Federally
registered charities are regulated by the CRA. They are exempt from
income tax and are able to provide tax receipts to donors so that they
may obtain tax relief. To demonstrate compliance with federal tax laws,
registered charities must file a Registered Charity Information Return
(T3010) with the CRA each year. The T3010 and the Audited Financial
Statement serve two different purposes so figures may differ between
statements. The Foundation follows CRA procedures to complete the T3010.
View the Foundation's annual T3010 Returns