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 #91
Avg. Compensation $124,859
Top 10 Staff Salary Range
|$300k - $350k||3|
|$250k - $300k||2|
|$200k - $250k||3|
|$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 457 beds and 48,484 emergency visits in F2016. TGH specializes in cardiology, organ transplant services, 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, which alone handles 55,000 patient visits and performs 1,700 open-heart surgeries each year. 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 280 beds and received 67,797 emergency visits in F2016.
In F2016, the Toronto General & Western Hospital Foundation granted $18.4 million for equipment, building, and renovations, and $51.4 million for research, education, and patient care. The Foundation also granted a collective $1.8m to various other organizations.
Toronto General & Western Hospital Foundation is a Major 100 charity with donations and special events revenues of $104.3m in F2016. Its administrative and fundraising costs were 16% of revenues. For every dollar donated, 84 cents go towards TGWHF’s programs. It has funding reserves of $481.4m, of which $189.6m is donor-endowed, resulting in a program cost coverage ratio, excluding donor-endowed funds, of 470%. This means that TGWHF can cover its annual program costs for 4.7 years using its existing reserves.
This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.
Updated on June 14th, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||16.2%||15.0%||17.5%|
|Program cost coverage (%)||672.7%||714.4%||785.7%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||16,930||15,215||16,013|
|Cash flow from operations||9,535||59,979||55,815|