Toronto, ON M5S 2L9
CEO: Mark Richardson
Board Member: Warren Seyffert
Charitable Reg. #: 11923 0092 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Kensington Foundation:
Since 1998, Kensington Foundation has been fundraising for equipment, research, renovations, and programs at Kensington Health organizations and the surrounding community in Toronto. Kensington Health is a system of non-profit organizations that provide health and community care. Services include long-term, hospice and community care, cancer screening, medical and surgical eye care, and eye tissue processing for transplant. In addition to funding Kensington Health organizations, Kensington Foundation builds community programs and promotes health and wellness in its community.
Organizations operating under Kensington Health and funded by Kensington Foundation are: Kensington Health Centre, which includes Kensington Gardens, a 350-bed long term care home, and Kensington Hospice, a 10-bed residential hospice; Kensington Eye Institute, an ambulatory eye surgery; and the Kensington Cancer Screening Clinic, an ambulatory endoscopy screening centre. Kensington Foundation also financially supports Kensington Vision and Research Centre, which funds research projects at the Kensington Health operating entities.
In F2016, the foundation granted $1.1m (40% of total grants) for the Kensington Gardens Refresh Project. The funds were used to replace the carpet with laminate flooring, paint the walls, and purchase new drapery and furniture. The foundation reports that changes were selected based on the science of aging well – the bright colours encourage residents to gather more often and be active.
Kensington Foundation does not report any employees or employee compensation, full-time or otherwise, on its T3010 charity filing with the CRA.
Kensington Foundation is a small-cap charity with $913k in donations and special events fundraising revenue in F2015. Investment revenue accounted for 58% of revenues at $3.2m. The foundation also earns income through renting out real estate, earning $1.5m in F2015. Administration costs were 5% of revenues and fundraising costs were 12% of donations. As such, for every $1 donated, 83 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending. Funding reserves of $29.9m can cover annual granting 10.8 times.
This charity report is an update that is currently being reviewed by Kensington Foundation. Changes and updates may be forthcoming.
Updated June 22, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||4.9%||4.3%||4.0%|
|Fundraising costs as % of donations||12.4%||8.2%||8.9%|
|Program cost coverage (%)||1,083.6%||1,628.1%||695.3%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||1,454||1,235||1,006|
|Cash flow from operations||2,499||4,099||576|