Financial Info

Where the Money Goes

The Coldest Night of the Year is a charitable program of Blue Sea Foundation, a registered Canadian Foundation. Since 2011, the Coldest Night of the Year has raised over $27,000,000 in support of 133 communities and charity partners serving the homeless, hungry, and hurting across Canada.

More Information

Charity partners in the Coldest Night of the Year benefit from accessing our leadership and coaching, and our national turn-key event with its fundraising and promotion infrastructure that saves 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 counseling, our direct charity program costs include both our event grants as well as items like program staff, signage, event gear, toques and the 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.

Audited Financial Statements

Financial Reporting + Accountability

Management and Blue Sea Philanthropy's independent Board of Directors are responsible for the financial statements.

  • The financial statements have been prepared in accordance with Canadian generally accepted accounting principles for not-for-profit organizations as established by the Accounting Standards Board of the Canadian Institute of Chartered Accountants.
  • The preparation of financial information is an integral part of the ongoing management of our organization. Management has developed and maintains financial and management controls, information systems and management practices to provide reasonable assurance that financial information is objective and reliable and that the organization's assets are safeguarded.

Charity Partner Grants

Financial Details + Payouts

Charity partners earn three sources of revenue in the event. Together these are collected and tabulated to establish their final grant payment.

  • Donation Revenue: All the money fundraised by teams and their participants.
  • Sponsorship: All community sponsorship revenue earned from local businesses who sponsor the event.
  • Registration Fees: The total of all the $25 registration fees paid by walkers who, generally speaking, don't fundraise.

Charity Partner Payout Schedule

At the conclusion of the event, Blue Sea Philanthropy tallies all of the revenue earned by each charity partner and pays out a grant based on how much was raised in each location using the schedule below.

Total Raised in Location

Payout %

up to $20,000






$100,000 and up



  • Payout percentage is cumulative.
  • Payout is calculated on total donation revenue, sponsorship fees and registration fees.
  • Locations who raise $10,000 or more in business sponsorship receive 85% of their sponsorship earnings assuming the location raises a minimum of $20,000 in donation revenue.
  • First-year location partners receive 70% minimum payout or higher.


There is no greater praise than hearing a charity partner say "we couldn't do it without you."

“Thanks for the great support for our fundraiser. You provided great planning, tools, web interface, documentation, and training. I am amazed that we raised... much more than our goal.”

Start Me Up Niagara, St. Catharines, Ontario

“What an amazing evening we had! Thank you for all your hard work keeping us on track with all the correct answers to our questions. You make it easy for us to raise much-needed funds.”

Brock Mission/Cameron House, Peterborough, Ontario

“It was a fantastic event. The response was 'we can’t wait till next year'. We were so blown away with the money raised, and when my teammate and I sat down to eat we both said our facilities will not hold this next year. We were told that for a first-time event they were shocked that it was so smooth and organized. We really had no negative comments. Lots of fun, family, and friends... thanks for your great team.”

Milton Transitional Housing, Milton, Ontario

“It was a pleasure to participate in Coldest Night and my compliments to you and your team for the organization behind the scenes.”

Restore Method of Care, Markham, Ontario

“Thanks to everyone at Blue Sea in making this a fantastic experience for us! The Blue Sea team was truly fantastic! You allowed us to fundraise in a new and inspiring way. Everyone here at Sources cannot believe the positive community feedback on the WALK and the wonderful result in funds raised.”

Sources, White Rock, British Columbia

“Thank you for allowing us to participate in Coldest Night and all the work you do to make this a great success.”

Streets Alive Mission, Lethbridge, Alberta

“You were absolutely tremendous. You handled all our questions with alacrity and good humour. Thanks so much.”

Neighbour 2 Neighbour, Hamilton Mountain, Ontario

Got questions about the Coldest Night of the Year? | 1.877.743.3413