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Showing posts from May, 2018

Is this partnership mutually beneficial?

Make-A-Wish Canada raises funds to grant the wishes of children dealing with life-threatening illnesses – this usually entails some kind of experience, whether that is a vacation for the child and their family, a meet and greet with their favorite actor or artist, or really whatever they choose. Since beginning in the 1980’s, Make-A-Wish has granted 450,000 wishes worldwide. WestJet works with Make-A-Wish to offer flights to these families and support the wishes of these children. WestJet has worked alongside Make-A-Wish since 2007, and has contributed to hundreds of children’s travel wishes. Additionally, the WestJet team goes the extra mile to make the flight experience memorable and unique, by offering the children and their families premium seating, exceptional service, in-flight celebratory announcements and often even the opportunity to sit in the cockpit and meet the pilots. WestJet provides multiple personal stories on their website about previous wishes granted. This partn...

WestJet and Make-A-Wish Canada's Partnership

WestJet, a well-known Canadian business corporation works in partnership with Make-A-Wish Canada, an international children’s charity that grants the wishes of children suffering from life-threatening illnesses. West Jet’s community investment department works closely with this organization and various other children’s focused charities as a part of their WestJet Cares of Kids initiative. This video shows the impact that the Make-A-Wish foundation has on a child and their families: https://www.youtube.com/watch?v=3EB3aFM5i-k#action=share

HPIC Overhead

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Based on everything presented in the first and second blog posts, I believe that Health Partners International does have acceptable levels of overhead. It is easy to final all the charity’s financial information as well as all donor information and a breakdown of where the money goes! I am unsure as to why Charity Intelligence Canada only rates HPIC’s transparency a 3/5, as the website does not provide a written explanation! Based on my research, the levels of overhead were great. Charity Intelligence Canada also only rated HPIC’s Donor Accountability as a C+, this is based on the charity’s public reporting of the work it does and the results it achieves. After reviewing the numbers on HPIC’s website report, and looking at its results, it’s my opinion that the organization accomplishes massive results with the financial compensation it receives. As mentioned in the first blog post, since HPIC’s first project in 1990, over 20,000,000 people have been treated with over $500 ...

HPIC Finances

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       After reviewing the financial statements from HPIC’s website, it is in my opinion that they are fairly presented. They financials this not for profit provides are prepared using Canadian accounting standards for not-for-profit organizations. The 2015-2016 financial reports state that “contributions of materials are recognized as revenue in the year the contributed materials are distributed. They are measured at fair value, which represents the estimated wholesale price” (p. 8). Everything HPIC’s presents in terms of financials seems to be to charitable organization standards. The preparation of all the financial statements is in accordance with all not-for-profit guidelines and is easily accessed on the company website. The charity has funding reserves of $203k, resulting in a program cost coverage ratio of 22%, of every dollar donated, 79 cents goes directly towards programs or emergency aid relief help. The money comes mostly from private donors such as tho...

Health Partners International of Canada- Financials

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Health Partners International of Canada is a relief distribution centre based in Oakville, Alta. And operates through partnerships. The organization's objectives are to increase to medicine and improve health in vulnerable communities. HPIC works alongside medical professionals, NGOs, government agencies and pharmaceutical companies to make a difference in relief operations. HPIC’s health contributions include healthcare for mothers and children and providing emergency medical relief to people. Its top program donors are Johnson + Johnson, Teva, pharma science, methapharm, VITA health. Search Light Pharma, Pfizer, Takeda, RanBaxy and Bayer Bayer Charity Intelligence’s financial review of HPIC explains that it is a medium-sized charity, with donations ranging from $1.2m-$1.8m from the year 2012-2016. The financial review states that HPIC’s administrative cost Is only 2 per cent of revenues and its fundraising cost are 20 per cent of donations. For every $1.00 of your money do...