The Foundation wishes to adhere to the highest levels of governance in the conduct of its affairs, including the principles of transparency set out in this section of the Policy.
To ensure confidence in the Foundation in the pursuit of its objectives, donors have the right to the following.
The foundation’s financial affairs will be conducted in a responsible manner, consistent with the ethical obligations of stewardship and all applicable law. All donations will be used to support the foundations’ objectives, as registered with CRA. All restricted or designated donations will be used for the purposes for which they were given unless the charity has obtained legal authorization to use them for other purposes.
Annual financial reports are necessary to achieve transparency and accountability to donors and the public. The reports should:
The Finance Committee of the Board of Directors shall be responsible for monitoring and reporting to the Board of Directors with respect to all matters pertaining to the financial integrity of the Foundation.
Compensation of the Foundation’s Fundraising Staff
The Foundation observes the following compensation practices:
(a)fundraisers who are employed by the Foundation are compensated on the basis of their experience, expertise and the time requirements of the position in light of the current employment market; and
(b)the Foundation does not, directly or indirectly, pay finder’s fees, commissions or other payments based on the number of contributions received or the value of funds raised.