MoneySense magazine recently published "The Charity 100" with Canada’s first grading system for the country’s top 100 charities. We are proud to announce that our custoners, Tides Canada and Mennonite Foundation of Canada, were two of four charities receiving the top A+ grade!
Below is an excerpt from the article:
"Ever wonder how much of the money you donate to a charity actually helps the charity achieve its goals? How much goes to programs which cure disease, preserve the environment and alleviate suffering, as opposed to being gobbled up by administrative and fundraising costs? To help you find out, MoneySense magazine has created Canada’s first grading system for the country’s top 100 charities.
The good news is that many of Canada’s charities are doing a great job of responsibly managing the money they receive from Canadians. Some of our best-known charities, the War Amps, the Terry Fox Foundation and the United Way of Greater Toronto, all received glowing grades of at least a “B+”.
Overall, four of the charities rated received the top “A+” grade: the Mennonite Foundation of Canada, the Tides Canada Foundation, the IWK Health Centre Foundation, and the Jewish General Hospital Foundation."