Canada-Ukraine Foundation

30 Powerhouse St., Suite 101
Toronto, ON M6H 0C6
Executive Director: Valeriy Kostyuk
Board Chair: Andrij Maleckyj

Charitable Reg. #:89899 2151 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

99%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 99 cents are available for programs.



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OVERVIEW

About Canada-Ukraine Foundation:

Canada-Ukraine Foundation is a three-star charity that is financially transparent. It has a C+ results reporting grade, which is below average. For every dollar donated to the charity, 99 cents are available to go to the cause, which is outside Ci's reasonable range.

Founded in 1995, Canada-Ukraine Foundation (CUF) raises funds to deliver assistance projects for Ukraine and help those affected by the war. The charity states that nearly five million Ukrainians are living under Russian occupation. It also states that the war in Ukraine has forced 6.3 million people to seek protection outside of Ukraine. The charity runs eight main programs, listed below. CUF spent $14.5m on its programs in 2024. The most recent annual report available at the time of this update was from 2023. Ci did not find a breakdown of program spending on the charity’s website or in its annual report.

Charity Intelligence reports on the Ukraine response: How Red Cross is spending money in Ukraine, updated April 2023.

Ukraine Humanitarian Appeal launched in January 2022 to support civilians affected by Russia’s invasion of Ukraine. CUF also provides humanitarian assistance to displaced persons in Europe and Canada. The charity reports that it distributed 530,000 boxes of food, reaching 915,000 people in 2023. CUF reports that it started a Winterization program in 2023. Through this program it provided 3,000 wood-burning stoves, 24,000 beds and mattresses, and 6,000 thermal blankets to 38 civilian hospitals. CUF reports that it provided over 12,000 displaced people with temporary shelter in 2023. It also distributed 28 tons of medical supplies, helping 415,000 hospital patients in Eastern Ukraine.

Displaced Ukrainians Appeal supports Ukrainians escaping war conditions that are arriving in Canada. In 2023, CUF grants provided psychological support to 647 Ukrainian women in Canada. It also ran 36 summer camps for 1,441 displaced children from Ukraine.

Canada Ukraine Surgical Aid Program provides care to patients affected by the war in Ukraine. CUF reports that it has completed five missions, facilitating 448 procedures for 122 patients.

Holodomor Education aims to educate Canadians on the Holodomor famine-genocide that killed millions of people in Ukraine in 1932-1933. CUF reports that it held 14 community events and visited 55 schools in 2023. It reports this engaged over 4,500 students and over 1,000 people from the public.

Dzherelo is a children’s rehabilitation centre in Lviv, Ukraine. The charity helps children with special needs reach their full potential through education and rehabilitation services. CUF states that every day, Dzherelo serves over 100 children with severe disabilities.

Veterans of Ukraine Fund provides rehabilitation to Ukraine’s wounded soldiers and veterans. CUF reports that it trained 40 psychologists who provide 1,000 hours of free psychological support to civilians and veterans each month.

Aid for Artists provides Canadians a chance to support art and artists of Ukraine. The goal is to preserve and advance Ukrainian culture.

Canadian Friends of Hockey in Ukraine develops youth hockey in Ukraine. CUF reports that it provided over 30 sets of hockey equipment to five Ukrainian hockey clubs in 2023.

 

 

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Results and Impact

Ontario’s Ministry of Education announced in 2023 that the Holodomor and its impact on the Ukrainian community in Canada will be a mandatory subject in Grade ten starting in September 2025. CUF reports its Holodomor National Awareness tour contributed to this change.

CUF reports that it distributed 530,000 food boxes, reaching 915,000 people across Ukraine, along with displaced Ukrainians in Moldova.

While Ci highlights these key results, they may not completely represent Canada-Ukraine Foundation’s results and impact.

Charity Intelligence has not yet rated CUF on impact (n/r). This does not affect the star rating.

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Finances

Canada-Ukraine Foundation’s audited financial statements follow line-item costing, which is not a best practice. The audited statements do not clearly differentiate between program, administrative, and fundraising costs. Ci referred to CUF's T3010 filings to report program, administrative, and fundraising costs in 2023 and 2022. At the time of this update, the charity's 2024 T3010 filing was not available. As such, Ci allocated line items on a best-estimate basis in 2024.

CUF received $11.4m in donations in 2024, an 81% decrease from 2022 ($60.0m). Administrative costs are 1% of revenues (excluding investment income). Fundraising costs are not reported. This results in total overhead spending of 1%. For every dollar donated, 99 cents are available to go to the cause. This falls outside Ci’s reasonable range for overhead spending, which ranges from 65 to 95 cents to the cause.

In 2024 CUF spent $14.5m on its programs, which is 117% of its revenue. In 2024 it had a deficit of $2.2m.

Canada-Ukraine Foundation has $16.4m in reserve funds (cash and investments). The reserves can cover 113%, or one year and one month of program costs.

This charity report is an update that has been sent for review to Canada-Ukraine Foundation. Changes and edits may be forthcoming. 

Updated on August 8, 2025, by Grady Simpson.

Financial Review


Financial Ratios

Fiscal year ending December
202420232022
Administrative costs as % of revenues 1.2%2.0%0.4%
Fundraising costs as % of donations 0.0%1.1%0.2%
Total overhead spending 1.2%3.0%0.6%
Program cost coverage (%) 113.1%59.1%118.2%

Summary Financial Statements

All figures in $000s
202420232022
Donations 11,38216,31660,035
Government funding 32579308
Investment income 668478345
Other income 007
Total revenues 12,37516,87360,695
Program costs 14,4643,0725,862
Grants 028,67222,364
Administrative costs 146320267
Fundraising costs 017797
Other costs 11230
Total spending 14,62132,26428,591
Cash flow from operations (2,246)(15,391)32,104
Capital spending 801
Funding reserves 16,35918,74633,364

Note: Unrealized gain (loss): Ci included unrealized gain (loss) reported below the line. This affected revenues by $94k in 2024, $86k in 2023, and ($61k) in 2022. Realized foreign exchange gain: Ci included realized foreign exchange gain reported below the line in other revenue. This affected revenue by $7k in 2022. Realized foreign exchange loss: Ci included realized foreign exchange loss reported below the line in other expenses. This affected expenses by $11k in 2024 and $23k in 2023. Amortization: Ci removed amortization on a pro rata basis from program, administrative, and fundraising costs in 2023 and 2022.

Salary Information

Full-time staff: 2

Avg. compensation: $53,862

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.cufoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-966-9700

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Charitable Registration Number: 80340 7956 RR0001