Conam Charitable Foundation

58 Lista Crescent
Thornhill, ON L4J 2N3
President: Steve Roth
Vice President: Warren Blatt

Charitable Reg. #:8426 03615 RR0001

STAR RATING

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

[Charity Rating: 0/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

D+

RESULTS REPORTING

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

Low

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.

78%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.



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OVERVIEW

About Conam Charitable Foundation:

Conam Charitable Foundation is a 0-star charity with Low Demonstrated Impact. The charity is not financially transparent and has a D+ Results Reporting grade, which is below average. Its reserve funds and overhead spending are within Ci's reasonable range. Read Ci's report before donating. 

Founded in 2007, Conam Charitable Foundation (CCF) runs advocacy and education programs to champion the rights and well-being of LGBTQ+ people. The charity collaborates with partners to promote equity, create safe spaces, and inspire social change. The charity’s vision is a society where LGBTQ+ people are fully included, empowered, and celebrated, fostering equality, acceptance, and opportunities. The charity's financial statements and T3010 report it sends out grants; however, its website states it runs its own programs. In F2024, Conam Charitable Foundation spent $27.3m on its grants. The charity does not provide a spending breakdown by program or grant. CCF reports that it funds 150,000 programs worldwide, has over 400 service sites, and has over 172 core programs in 65 countries. Aside from this information, the charity’s website does not discuss international programs.

Conam Charitable Foundation primarily grants to private foundations and Jewish charities. From the charity's T3010, its largest grants in F2024 were: $3.0m to Fondation Famille Jacques Lariviere, $2.9m to Giftpact Foundation Inc., $2.3m to CHIMP: Charitable Impact Foundation (Canada), $1.3m to Jewish Community Foundation of Montreal, $871k to Jewish Federation of Greater Toronto, $850k to United Jewish Appeal of Greater Toronto, $625k to University Health Network, and $620k to Carribbean Jewish Community. The charity sent grants to 382 charities in F2024. 

The charity's website does not discuss its grants, but rather the programs it runs.

Asylum Seekers and Refugees: Conam Charitable Foundation supports LGBTQ+ people in Canada that fled persecution in their country of origin. CCF provides support to access health services, housing services, and legal advice. The charity also campaigns to the government to improve Canada’s asylum and immigration system. CCF did not provide any quantitative information on this program.

Inclusive Workplaces Conam Charitable Foundation provides support and guidance to businesses that want to create an inclusive workplace. The charity states that one in ten LGBTQ+ people have experienced barriers to progressions and one in five LGBTQ+ job searchers felt discriminated against. 

Trans Health and Well-Being: Conam Charitable Foundation aims to improve the health and wellness of transgender people living in Canada by uniting community members, community organizations, and healthcare providers. The charity did not report any quantified information on this program.

The FactFinder: Conam Charitable Foundation states that there is a gap in queer and trans health research in Canada. The FactFinder program equips LGBTQ+ people with the connections, health knowledge, and research skills needed to be health leaders in their communities. The charity did not report any quantified information on this program.

Sogiece: Conam Charitable Foundation provides support for survivors, family members, and practitioners of Sexual Orientation and Gender Identity and Expression Change Efforts (SOGIECE), also known as conversion therapy. CCF states that LGBTQ+ people experience barriers to accessing mental, physical, sexual, spiritual, and cultural health services. The charity did not report any quantified information on this program.

Conference, Summit and AGM: Conam Charitable Foundation runs an annual LGBTQ+ conference in Ottawa. In 2025, the conference will occur from July 7 to July 11. The charity hopes to bring together researchers in all fields of STEM to highlight and celebrate the contributions of the LGBTQ+ community. It also hopes to highlight issues pertaining to equity, diversity, and inclusion. It costs $495 to register for the conference. CCF also advertises its Annual General Meeting. The charity states that there will be over 400 in-person delegates attending 12 sessions. The charity does not provide a date for its Annual General Meeting.

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Results and Impact

Conam Charitable Foundation reports that 82% of allies are more likely to purchase from a company that supports LGBTQ+ equality and LGBTQ+ consumers are 25% more likely to stick with a brand when its prices increase. CCF reports that a study of 450 companies showed that “inclusive” companies had 2.3 times higher cash flow.

While Ci highlights these key results, they may not be a complete representation of Conam Charitable Foundation’s results and impact.

Ci has rated Conam Charitable Foundation as Low based on demonstrated impact per dollar spent.

Impact Rating: Low

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Finances

Conam Charitable Foundation is not financially transparent. The charity did not provide Ci its financial statements upon request. Ci received the financial statements from the CRA.

CCF's financial statements are not audited. The CRA recommends any charity with over $250k in revenue have audited statements. CCF has $32.9m in revenue.

Conam Charitable Foundation received $31.4m in donations in F2024. The charity spent $27.3m on its grants, which is 83% of revenue. CCF recorded a deficit of $1.3m in F2024.

CCF did not report any fundraising costs, and spent $6.9m on administration, which is 22% of revenue (excluding investment income). For every dollar donated to Conam Charitable Foundation, 78 cents are available to go to the cause. This is within Ci’s reasonable range.

CCF has $16.0m in reserve funds (cash and investments). The charity’s reserves can cover annual grants for seven months. This is within Ci’s reasonable range.

Conam Charitable Foundation does not report any paid employees in its T3010 filing with the CRA.

This charity report is an update that has been sent to Conam Charitable Foundation.

Updated on June 12, 2025 by Liam Chapleau.

Financial Review


Financial Ratios

Fiscal year ending June
202420232022
Administrative costs as % of revenues 21.9%20.7%18.7%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 21.9%20.7%18.7%
Program cost coverage (%) 58.5%47.6%43.3%

Summary Financial Statements

All figures in $000s
202420232022
Donations 31,39142,76663,102
Investment income 1,47318298
Total revenues 32,86442,94863,200
Grants 27,28938,85051,073
Administrative costs 6,8848,85111,826
Fundraising costs 032
Other costs 546
Total spending 34,17947,70762,907
Cash flow from operations (1,315)(4,759)293
Capital spending 000
Funding reserves 15,95118,50022,127

Salary Information

Full-time staff: 0

Avg. compensation: $0

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
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2024

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.conamcharitablefoundation.org
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Charitable Registration Number: 80340 7956 RR0001