DATE: April 10, 2012
TO: John Smith, Vice President
FROM: Tom Chung, Committee Chairperson
SUBJECT: FINDING THE BEST AND MOST EFFECTIVE CHARITY IN THE GTA At your request, the other members of the Ryerson Business Students Association committee and I, have researched and acquired information on three different charities around the area of the university to best identity which charity would be the most deserving of a donation. We have done this by collecting information from each organization and comparing them to see which charity best meets the set of criteria we have chosen. This report is comprised of the set of criteria we have used to compare each organization, the three alternatives we have chosen, a diagram and a recommendation based on our analysis. Significance of the Problem: Choosing the Charity that will Receive the RBSA’s Donation As the Ryerson Business Students Association annually donates its proceeds to the United Way Campaign, year after year, we understand the need to break out of the mold, so to speak, and donate to another worthy charity. Since the RBSA has made $25,000 in proceeds it is a good idea to choose another well deserving organization to donate to. In the following report, we have chosen three of the most appealing charities in and around our area and will be comparing them with each of our criteria to determine which organization is most deserving of the RBSA’s donation. Criteria Used in Determining Most Effective Charity
The criteria for determining the most effective charity are; 1) Who the donated proceeds will be going towards.
2) The richness of the organization’s not-for-profit programs. 3) The overall effectiveness of the organization’s programs/ span of influence in their respective areas. 4) How active the organization is in raising funds for their charity. 5) The diversity of the organization (among staff, services offered or programs).
Alternative 1: Canadian Youth Business Foundation
This charity was founded in 1996 by various Canadian entrepreneurs as a means to help aspiring business owners. By donating to this organization the RBSA will be donating their proceeds to youths, aged 18 - 34, who are interested in owning their own business but do not have the financial support and acquired knowledge to do so. The Canadian Youth Business Foundation helps provide free coaching to aspiring entrepreneurs to help them with pre-launching and post-launching their businesses. Mentoring is also offered from business professionals who will work with the youths for two years to ensure success. Financing of up to $50,000 for start up and $30,000 for expansion costs are offered and are, in turn, designed with a loan-repayment plan. In addition, online resources are offered as a means to help youths acquire knowledge about every stage of business development from pre-launch to post launch. The Canadian Youth Business Foundation also offers a wide array of programs that help develop youth’s understanding of entrepreneurship. These programs include, their Start-up Program, where support is provided to youths who want to get their businesses of the ground, the Spin Master Innovation Fund, where a loan of $50,000 is given to aspiring entrepreneurs who have high expansion potential, and The Prince’s Operation Entrepreneur, where recently retired Canadian Forces members who are interested in entrepreneurship can receive a two-year mentorship and are eligible to apply for loans through the CYBF. According to their website, the Canadian Youth Business Foundation has helped over 4,900 aspiring entrepreneurs and has created 19,430 jobs. Additionally, CYBF has generated $138,000,000 in tax revenue. The organization has many partners who donate funds to them. The federal government and a few provincial governments (Quebec and Alberta) have all worked in partnership with the Canadian Youth Business Foundation. In addition to government partnerships, the CYBF has also partnered with...
Please join StudyMode to read the full document