Review of Hockey Canada’s National Equity Fund finds no record of funding health and wellness programs
When Hockey Canada came under fire for using registration fees to settle sexual assault claims without disclosing to parents and players how their money was being used, executives told hearings in Ottawa that its National Equity Fund was also used for health and wellness programs.
“It means that what Hockey Canada said could not be verified,” wrote Kate Bahen, a financial analyst with Charity Intelligence Canada, in an analysis of the findings Friday. “The expenses for all the good things Hockey Canada claims to have spent NEF money on, its wellness programs and players’ treatment, Cromwell couldn’t find in its financial records.”
“The key questions for this review are whether the NEF was established properly, and whether Hockey Canada governs the maintenance and use of the Fund appropriately,” Mr. Cromwell wrote. “Hockey Canada hired Cromwell to specifically report on how it used its National Equity Fund. Despite the restrictive guidelines to look at a small part of Hockey Canada, Cromwell uncovered multiple red flags,” Ms. Bahen wrote, noting the problems it exposed with the organization’s accounting.
Similar to the National Equity Fund, it lacked proper controls and transparency to meet the threshold of basic governance standards.
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