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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: 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 ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #91

Avg. Compensation $124,859

Top 10 Staff Salary Range

$350k + 2
$300k - $350k 3
$250k - $300k 2
$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 F2016

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.

Financial Review:

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 Ratios

Fiscal year ending March
201620152014
Fundraising & admin costs as % of revenues 16.2%15.0%17.5%
Program cost coverage (%) 672.7%714.4%785.7%

Summary Financial Statements

All figures in $000s
201620152014
Donations 95,34394,35180,819
Special events 8,9546,98010,786
Investment income (6,276)39,55032,713
Total revenues 98,021140,881124,318
Grants 71,55665,68752,490
Fundraising & administrative costs 16,93015,21516,013
Cash flow from operations 9,53559,97955,815
Funding reserves 481,370469,239412,437

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