Enactus Canada is pleased to announce that we have received an AA rating and five-star review from the Veritas Foundation, an independent evaluator of Canadian charities. This review places us in the top 6% of 53,000 charities in Canada, based on a rigorous review of our strategy and mission, finances, governance, operations, and impact.
What this means for our donors and partners?
Our exemplary ratings indicate a high-level of sustainability and projects Enactus Canada’s potential to double in size over the next five years. Veritas Foundation has also determined that for every $1 in donation received, we deliver $3.68 in value. This far exceeds the average of $2 among charities in Canada.
“The excellence indicated by this review and ranking is a direct result of the hard work and dedication of our staff, Board of Directors, and supporters. The detailed report also provides a set of recommendations to guide Enactus Canada on improvements for future performance and impact,” commented Catherine Fowler, CEO and President, Enactus Canada.
About the Veritas Foundation Charity Ratings Review:
The Veritas Foundation is a non-profit charitable public foundation dedicated to strengthening Canada’s charitable sector. As a recognized evaluator of Canadian charities, the Veritas Foundation has developed extensive criteria to measure impact, finances, operations, and governance. Based on this rigorous review the Foundation offers a fulsome report on the following:
- Insight into operations and performance relative to other similar organizations
- Governance and reporting strength
- Monitoring on charitable impact and effectiveness
- Recommendations to direct future planning
We are grateful to our supporters who play an essential role in shaping entrepreneurial post-secondary leaders who are passionate about advancing the economic, social and environmental health of Canada. Please connect with us to learn more work we do and how we can help advance your CSR portfolio.