Kensington Foundation

340 College St., Suite 220B
Toronto, ON M5T 3A8
Executive Director: Brian McFarlane
Board Chair: John Lind

Website: www.kensingtonhealth.org
Charitable Reg. #: 11923 0092 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Charity Rating

Not yet rated

Social Results Reporting

Grade: NR

Charity not yet rated on the public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Kensington Foundation:

The Kensington Foundation (KF) was set up in 1998 to raise funds for the establishment, operations and growth of Kensington Health organizations and the surrounding community. In addition to funding the Kensington Health organizations, it builds community programs and promotes health and wellness in its community.

Kensington Health is comprised of 5 organizations, which includes 3 operating entities: the Kensington Health Centre, which operates Kensington Gardens, a 350-bed long term care home and the Kensington Hospice, a 10-bed residential hospice; the Kensington Eye Institute, an ambulatory eye surgery and Academic Centre of Excellence; and the Kensington Screening Clinic,an ambulatory endoscopy screening centre. Kensington Health also includes 2 charitable foundations: the Kensington Research Institute which funds research projects at the Kensington Health operating entities and the Kensington Foundation.

The KF is currently in a $5m capital campaign to raise funds for the Kensington Hospice, which opened in August 2011. The hospice's focus is on the quality of life, dignity and wellness of people in the last phases of a life-limiting illness. The goals of the hospice include helping residents live each day to its fullest, with symptom and pain management, and helping families cope with grief and loss.

Financial Review:

Administrative costs are 8% of revenues and fundraising costs are 22% of donations. Funding reserves of $26.5m cover F2011 program costs 36.8 times (or 20.2 times average granting for the past 3 years).

Financial Ratios

Fiscal year ending June
201120102009
Administrative costs as % of revenues 7.9%18.0%12.3%
Fundraising costs as % of donations 22.4%40.7%13.6%
Program cost coverage (%) 3,678.5%1,394.5%1,460.5%

Summary Financial Statements

All figures in $s
201120102009
Donations 718,082265,574321,201
Business activities (net) 934,110394,172968,893
Special events 207,211212,736241,764
Investment income 2,157,4291,908,776(543,427)
Other income 010,0730
Total revenues 4,016,8322,791,331988,431
Grants 721,2001,663,2001,560,547
Administrative costs 147,414158,817189,137
Fundraising costs 206,872194,60876,614
Cash flow from operations 2,941,346774,706(837,867)
Funding reserves 26,529,58323,193,32122,791,121

Comments added by the Charity:

The Kensington Foundation believes in transparency and having accurate information available to our donors and potential donors.  We encourage you to visit our website at www.kensingtonhealth.org to view our full financial statements and the accompanying auditor’s notes.  We are happy to answer any questions regarding our financial statements or any other matters relating to the Kensington Health entities.

While the Kensington Foundation has no employees, 3 people are seconded to work full-time in the Foundation office.

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