BSP exists to help charities thrive! We do this by providing approved Canadian charities with easy to access fundraising events, advice and select administration services.
Partner charities in the Coldest Night of the Year specifically benefit from accessing our national turn-key event and fundraising infrastructure saving money on staff time, development costs, cash flow risk, insurance, receipting, and ongoing management.
Whereas a typical direct services charity has program costs like feeding, shelter or counselling, our direct charity program costs include both our grants as well as items like signage, safety vests, toques and fundraising portal.
The total of all Coldest Night of the Year grants PLUS our direct event costs equals our charitable program (as defined by the CRA, our national auditor BDO Dunwoody and overseen by our Board of Directors.
Participating charities in the Coldest Night of the Year receive a final grant based on their fundraising success - it ranges from 65% to 80%.
Last year our average location partner raised $42,300. Of total revenue in 2015 the Coldest Night of the Year paid out 74% in grants, invested 19% on our charitable program (event expenses) and 7% on admin.
Please view our audited financial statements below: