St. Joseph's Health Centre Foundation of Toronto (SJHCF), registered in 1984, was created to receive and maintain funds to improve the facilities and services at St. Joseph's Health Centre Toronto. 

St. Joseph's Health Centre, founded in 1921, is a full service acute care community teaching hospital in the Catholic tradition that provides services in southwest Toronto. As of 2017, St. Joseph's Health Centre voluntarily merged with Providence Healthcare, and St. Michael’s Hospital, under Unity Health Toronto. Some of the patient care services Unity Health offers include: Children, Emergency, Mental Health, Addictions, Surgery, Orthopedics, and Diagnostic Imaging. 

In F2021, St. Joseph's Health Centre Foundation of Toronto granted $5.4m to the hospital. SJHCF groups the funds it grants to St. Joseph's Health Centre Toronto into five categories: Renovations, Equipment and Technology; Greatest Needs; Covid-19 Emergency; Patient Care Programs; and Research and Education.

Renovations, Equipment and Technology: In F2021, SJHCF allocated 50% of grants to renovations, equipment and technology. These funds support technological or other capital upgrades at St. Joseph's Health Centre that are not covered by taxpayer dollars. The Foundation reports that St. Joe’s Emergency receives more than 100,000 visits annually, but it is only built for 60,000 visits. Thus, SJHCF is currently fundraising to build a new emergency department almost double in size to accommodate more patients. The charity also reports donor funds allowing for the purchase of new technology, such as a ventilator for newborns, blood culture incubator, MRI machine, and an endoscope. SJHCF has made plans to continue to fund improvements of St. Joe's facilities, including the Transitional Aged Youth Unit for at-risk youth (currently under construction), the Lakehouse Palliative Care Centre (expected to be completed in 2022), and a dedicated centre for breast cancer screening and treatment (expected to be completed in 2022).

Greatest Needs: This program was 27% of program spending in F2021. Although no description was provided by the charity, it is assumed to fund St. Joe's programs including specialized mental health services, neonatal intensive care, and other medical support services offered to patients in need. The charity highlights that every year, St. Joseph's Health Centre Toronto's orthopaedic surgeons and physicians receive more than 20,000 visits, and the Cardiology Department receives more than 11,000 patient visits.

Covid-19 Emergency: SJHCF reports its Covid-19 Emergency program accounting for 18% of annual program granting. Since the onset of the covid-19 pandemic, the Health Centre has shifted to create covid-19 and non-covid-19 areas of the hospital, expanded the Emergency Department by nearly 40% to accommodate more patients, and administered over 80,000 covid tests.

The remaining two funding areas, Patient Care; and Research and Education, account for 4% and 1% of granting, respectively. 

St. Joseph's Health Centre Foundation of Toronto received $18.2m in donations and special events revenue in F2021. SJHCF reports donations together with “other revenue” with no breakdown. In F2021, administrative costs were 3% of revenues and fundraising costs were 12% of donations. For every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

The charity has $58.4m in funding reserves, which can cover annual granting costs for almost 11 years. This coverage does not show a need for funding. SJHCF reports endowed funds in its financial statements, but does not disclose the percentage of these funds that are donor-endowed, thus no adjustments were made for donor-endowed funds.

As of F2021, SJHCF holds $16.6m in investments. The majority of its investments (71%), is in "common stocks, equity pooled funds and other." The remainder of invested funds (29%) is in fixed income securities. Return on investments in F2021 was 2.7%, and average return on investment over the past three years is 2.9%.

This charity report is an update that has been sent to St. Joseph's Health Centre Foundation of Toronto for review. Changes and edits may be forthcoming.

Updated on July 2, 2021 by Rachel Leteta.