Toronto General & Western Hospital Foundation
Toronto, ON M5G 2C4
President & CEO: Tennys Hanson
Board Chair: Jim Leech
Charitable Reg. #: 12386 4068 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #86
Avg. Compensation $109,218
Top 10 Staff Salary Range
|$300k - $350k||4|
|$250k - $300k||0|
|$200k - $250k||6|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Toronto General & Western Hospital Foundation:
Founded in 1977, Toronto General & Western Hospital Foundation (TGWHF) raises funds for infrastructure, medical equipment, and research to enhance patient care at Toronto General Hospital and Toronto Western Hospital.
Toronto General Hospital (TGH), part of the University Health Network, is a major teaching hospital with 417 beds, specializing in cardiology, organ transplant services in Ontario, and complex patient needs. TGH reports that it offers the best patient outcomes for heart surgeries in all of North America at the Peter Munk Cardiac Centre. The Peter Munk Centre alone handles 55,000 patient visits and performs 1,700 open-heart surgeries annually. TGH is also a Centre for Excellence for Vascular Surgery and is renowned for its involvement and adoption of the World Health checklist, which TGH believes dramatically improves patient outcomes.
The Foundation also funds the Toronto Western Hospital that specializes in neuroscience, arthritis and eye care. Toronto Western Hospital has 261 beds and received 63,500 emergency patient visits in F2014. Combined, these two Toronto hospitals cared for 800,000 patient visits in F2014, level with prior years.
The Foundation granted $52.5 million in F2014 in 3 primary areas: the Krembil Discovery Tower, with 5 floors dedicated research space for neurology specialists, research chair positions and hospital equipment.
TGWHF's combined fundraising and administrative costs are 18% of revenues. It has funding reserves of $412.4m (including $173.3m of donor-endowed funds) which covers F2014 grants nearly 8 times (nearly 5 times excluding donor-endowed funds).
This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.
Updated on August 10, 2015 by Rohan Bhargava
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||17.5%||16.1%||17.9%|
|Program cost coverage (%)||785.7%||667.1%||632.0%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||0||613||0|
|Fundraising & administrative costs||16,013||12,323||12,743|
|Cash flow from operations||55,815||30,361||13,987|