Working Frugally and Watching the Balance Sheet

Greenbelt_by_Numbers.jpgGreenbelt by Numbers. Credit: Touchwood Design

We take financial duties seriously and as a charity we are diligent in spending our donations and contributions. 

So we aim for, and are proud of, keeping our administrative outlays to less than six per cent of expenses. We do this with tight cost-controls, exhausting volunteer and job-creation positions, applying multiple accounting reins, and by always negotiating a substantial charitable discount. 

Financial_Report_.jpg

The Greenbelt Foundation Cumulative Summary of Foundation Activities from June 15, 2005 to March 31, 2014.  

But our fiscal responsibility goes beyond the income statement. Our assets are carefully managed, led by outside investment advisors who have been quite cognizant of the risks in the markets. As a result, we’re one of only a handful of foundations that didn’t lose money during the financial crisis. In fact, we made four per cent on our savings during those troubling times.

Since we got going, our books have been audited by KPMG and we have had clean audits by the Canada Revenue Agency. In turn, we audit our grantees, through third-party CAs and by reviewing their expenses and financial transaction directly.

As a Foundation and Fund, we are honoured with the contributions and donations from our supporters. In turn, we spend responsibly, manage savings diligently, publish our audits on-line, and never forget that we are held to higher standard.



BURKHARD MAUSBERG
-- CEO

 

 

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