Our commitment to fiscal responsibility
Vancouver Public Library Foundation is committed to fiscal responsibility, ensuring our organization is always in the best position possible to enhance the programs, collections, services and spaces of the Vancouver Public Library for everyone in our community.
Our administration costs for FY 2015-2016 were 25%, which are keeping with the recommended best practices of below 35% set out by the Canada Revenue Agency.
Independent auditors, KPMG, have audited the financial statements from which this summary was extracted and have issued an unqualified opinion. Complete audited financial statements are available on request by calling Executive Director, Jenny Marsh at (604) 331-3897 .
For more information on charitable administrative costs in Canada, please visit: https://www.canada.ca/en/revenue-agency/services/charities-giving/charities/policies-guidance/fundraising-registered-charities-guidance.html.