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Finance committee We recommend that all donors, all funders should ideally take a look at our website and see our assessment, but also ask their own specific questions and, if they are so inclined, take a look at the audited financial statements and make their own assessment of what is going on wi
August 6th, 2020Committee meeting
Greg Thomson
Finance committee In our demonstrated impact assessment, as I mentioned before, we go through every program the charity offers and look at the results that they have reported. We then clarify with the charity if there are additional results that they have not publicly reported so that we can get a
August 6th, 2020Committee meeting
Greg Thomson
Finance committee We can compare WE Charity generally to the organizations across the board, and on all metrics they rate relatively highly, except for the demonstrated impact metric, on which they are significantly under average. I can't speak specifically to any of the direct alternatives to W
August 6th, 2020Committee meeting
Greg Thomson
Finance committee We use measures that are as objective as possible. We want to remove as much subjectivity from our analysis as possible. We have shared data. We've discussed metrics with MoneySense and MoneyWise, and other other folks here who have put together top 100 lists. We know their list
August 6th, 2020Committee meeting
Greg Thomson
Finance committee We value every program of every charity that we assess. We take a look at all of the demonstrated results a charity has. We take a look at every change that the charity claims to have made, and we value each, and determine for every dollar that is donated to a charity, the dollar
August 6th, 2020Committee meeting
Greg Thomson
Finance committee When Marc and Craig said that there was no financial [Technical difficulty—Editor].
August 6th, 2020Committee meeting
Greg Thomson
Finance committee We've not felt specific pressure. We have received a letter from WE based on comments that we've made publicly, but we did not take that to be legal pressure.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee That's correct.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee I was going to say the same thing. I don't think there's anything inaccurate about their financial statements; we cannot point to that. As Kate said, they've disclosed what they need to disclose; however, it does leave us with questions that...would provide greater clarity and gr
August 6th, 2020Committee meeting
Greg Thomson
Finance committee Yes. First, I would say that the due diligence should have started with WE Charity Foundation. The fact that the contract wasn't made with WE Charity, but with an organization with no employees and no assets, should certainly have raised a lot of questions and discussion, first
August 6th, 2020Committee meeting
Greg Thomson
Finance committee I believe it was $13.7 million in debt.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee It was started at the very beginning of 2019.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee No, but per Kate's point, we would hope that the CRA is not used to go after charities. Nonetheless, the CRA's charity directorate does need to be there to make sure that charities are following the guidelines and are doing what they're supposed to be doing.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee We talk to charities continually and ask them for their feedback. We get their response to what we post publicly and we discuss any issues that we have with our work. We believe that we're being as accountable as we possibly can.
August 6th, 2020Committee meeting
Greg Thomson
Finance committee WE Charity had a four-star rating, until we analyzed what is called its “demonstrated impact”. Demonstrated impact takes a look at the charity programs and looks for data showing that the charity has actually made a difference in the lives of the folks it's working with. When we
August 6th, 2020Committee meeting
Greg Thomson