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Toronto General & Western Hospital Foundation

R. Fraser Elliott Building, 5th floor, 5S-801, 190 Elizabeth St.
Toronto, ON M5G 2C4
President & CEO: Tennys Hanson
Board Chair: Jim Leech

Website: www.tgwhf.ca
Charitable Reg. #: 12386 4068 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #89

Avg. Compensation $126,360

Top 10 Staff Salary Range

$350k + 3
$300k - $350k 1
$250k - $300k 3
$200k - $250k 3
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Toronto General & Western Hospital Foundation:

Founded in 1977, Toronto General & Western Hospital Foundation (TGWHF) funds research, patient care, and education at Toronto General Hospital, Toronto Western Hospital, and the Michener Institute of Education at University Health Network (UHN). Within each of the three granting areas, TGWHF focuses on a variety of topics, including, diabetes, emergency medicine, neurology, Parkinson’s disease, radiology, stroke, surgery, transplant, and vision. No spending breakdown among these subprograms is provided.

Toronto General & Western Hospital Foundation spends 90% of grants on research, 5% on patient care, and 5% on education. TGWHF’s research focuses on a range of topics, including arthritis, brain and spine diseases and injuries, diabetes, emergency care, eyes, the heart, the liver, and the lungs.  UHN’s Multi-Organ Transplant Program is the largest adult transplant program in North America, performing 639 adult transplants in 2017, including 195 liver, 202 kidney-only, 19 kidney-pancreas, and 21 pancreas-only transplants performed at TGH.

Impact and Results: In August 2016, a research team at UHN identified two biomarkers that contribute to joint degeneration associated with spine osteoarthritis. A research study at TGH established the ex vivo lung perfusion procedure in 2008. The procedure, which repairs damaged lungs outside of the body so they can be implanted, increased the number of lung transplant procedures at TGH by 70% over five years. In 2015, a research study funded by Toronto General & Western Hospital Foundation showed that a drug could cure hepatitis C in over 99% of patients.

Financial Review:

Toronto General & Western Hospital Foundation is a Major 100 charity with donations and special events revenues of $127.7m in F2017. Its administrative and fundraising costs were 13% of revenues. For every dollar donated, 87 cents go towards TGWHF’s grants, falling within Ci’s reasonable range for overhead costs. It has funding reserves of $535.7m, of which $209.9m is donor-endowed. Excluding donor-endowed funds, TGWHF’s funding reserves can cover 4.8 years of granting activities, showing that TGWHF is not in dire need of funding.

This charity report is an update that has been sent to Toronto General & Western Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 18, 2017 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
Fundraising & admin costs as % of revenues 13.3%16.2%15.0%
Program cost coverage (%) 682.2%672.7%714.4%

Summary Financial Statements

All figures in $000s
201720162015
Donations 117,99095,34394,351
Special events 9,7568,9546,980
Investment income 41,847(6,276)39,550
Total revenues 169,59398,021140,881
Grants 78,51971,55665,687
Fundraising & administrative costs 16,98416,93015,215
Cash flow from operations 74,0909,53559,979
Funding reserves 535,658481,370469,239

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