50 Years of Generosity
This year marks the 50th anniversary of Abundance Canada, first established as Mennonite Foundation of Canada in 1974.
From day one, we have been humbled by the generosity and trust our donors have placed in us. Abundance Canada now manages over $260 million in assets. In the last year alone, we were entrusted with $83.39 million in new donations and distributed $50.9 million to more than 2,000 qualified donees across Canada.
As we look to the future, we uphold our belief that generosity is transformational for both donor and recipient; that generosity changes everything. And we continue to be guided by our core values that inform our relationships, our services and the commitments we have made.
In this milestone year, I want to acknowledge current and past staff and board members for their dedication, leadership, and support. For 50 years, they have overcome challenges and relentlessly pursued new opportunities for growth and excellence. Most of all, I want to thank the many thousands of donors, past and present. Your generosity is inspiring. Your generosity has immense impact.
Sincerely,
Darren Pries-Klassen
CEO
Abundance Canada
Thank-you to our current Board of Directors
Jennifer Thompson (Chair)
Shannon Peters (Vice Chair)
Arnold Machel (Treasurer)
Alan Walker (Secretary)
Gillian Doucet Campbell
Robert Heinrichs
Doug Romanuk
Karen Martin Schiedel
Stephen Yantzi
Your Generosity. Your Impact.
The numbers on this page are from the 2023 calendar year*, which makes it easier to display historical data year-to-year. You can view the Audited Financial Statements for the 2024 fiscal year (February 2023 to January 2024) here.
There was $83.39 million total donations in 2023. The circle counters below show that of the total donations received, $42.58 million were gifts in kind and $40.81 million were gifts of cash.
*Unaudited numbers as of December 31, 2023
In 2023, $50.9 million was distributed to 2,066 Canadian qualified donees**, which represents 19.4% of our 2023 asset base. This data is depicted in the line charts below.
**As defined by Canada Revenue Agency. Including, but not limited to registered charities.
ASSETS UNDER MANAGEMENT (IN MILLIONS)
The graph pictured below shows the upward trend in Abundance Canada's assets under management from $204 million in 2019 to 262 million in 2023.
ACTIVE DONORS
The graph pictured below shows the upward trend in Abundance Canada's active donors from just over 1000 in 2019 to over 2000 in 2023.
DISTRIBUTED TO QUALIFIED DONEES (IN MILLIONS)
The graph pictured below displays the upward trend of funds distributed to charities on the recommendation of Abundance Canada donors. From $28.9 million in 2019 to $50.9 million in 2023.
PERCENTAGE OF ASSET BASE DISTRIBUTED TO CHARITY
The graph pictured below shows the upward trend of the percentage of Abundance Canada's asset base distributed to charity year over year. From 13.85 per cent in 2019 to 19.40 per cent in 2023. In 2023, the minimum disbursement quota as required by the Canada Revenue Agency was 5 per cent.
