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 $33,500,000 in support of 144 communities and charity partners serving families, youth, and adults experiencing homelessness, hurt, and hunger across Canada.


Scroll down to read more about the Coldest Night of the Year, learn more about our history, or listen in on what our charity partners are saying about the event and its impact.


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 Foundation'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.

Charity Partner Payout Schedule

At the conclusion of the event, Blue Sea Foundation 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

65%

$20,000k-$40,000k

70%

$40,000-100,000k

75%

$100,000 and up

80%

Notes

  • Payout percentage is cumulative.
  • Payout is calculated on total donation revenue and sponsorship.
  • 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.
Got questions about the Coldest Night of the Year?
info@cnoy.org | 1.877.743.3413