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

Social Results Reporting

Grade: C+

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 ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #86

Avg. Compensation $109,218

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 4
$250k - $300k 0
$200k - $250k 6
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

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.

Financial Review:

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 Ratios

Fiscal year ending March
201420132012
Fundraising & admin costs as % of revenues 17.5%16.1%17.9%
Program cost coverage (%) 785.7%667.1%632.0%

Summary Financial Statements

All figures in $000s
201420132012
Donations 80,81969,62664,102
Business activities (net) 06130
Special events 10,7866,2577,213
Investment income 32,71319,3996,353
Total revenues 124,31895,89577,668
Program costs 000
Grants 52,49053,21150,938
Fundraising & administrative costs 16,01312,32312,743
Cash flow from operations 55,81530,36113,987
Funding reserves 412,437354,992321,913

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