A Dollar A Day Foundation

The A Dollar A Day Foundation is a Canadian nonprofit organization dedicated to bridging the gap between the funding needs and availability of frontline mental health and addiction programs across Canada. Founded in 2016, the foundation works towards providing adequate funding to ensure timely treatment and support for mental health and addiction issues, thereby reducing the human and financial costs associated with these conditions[1][3][5].

Mission

The foundation's mission is to address the shortage in mental health and addiction services by supporting organizations that provide these critical programs. By doing so, it aims to replace despair with hope, dignity, and opportunities for individuals to give back to their communities[1][3].

Funding Model

A Dollar A Day encourages donations of $1 per day, which can be charged monthly, quarterly, or annually. The organization also accepts one-time donations and securities as a form of maximizing charitable gifts[2].

Status and Impact

A Dollar A Day Foundation is registered as a charity with the Canada Revenue Agency (CRA) and has a charitable registration number. In recent years, it has disbursed significant grants to various charities. For instance, in the fiscal year 2021, it granted $1.1 million to 46 charities, with notable recipients including Choices for Youth, Kids Help Phone, Covenant House Toronto, Thrive, and CMHA Oxford MHeart[3][5].

Financials and Transparency

The foundation is financially transparent and reports reasonable overhead costs. It maintains sufficient reserves to cover several months of program costs, indicating a stable financial position[5].

Overall, the A Dollar A Day Foundation plays a critical role in supporting mental health and addiction services in Canada through strategic funding and community engagement.