Foundation Fighting Blindness
Toronto, ON M4W 3P4
President & CEO: Sharon M. Colle
Board Chair: Andrew Burke
Charitable Reg. #: 11912 9369 RR0001
Grade: A-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 #18
Avg. Compensation $81,065
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||2|
|$40k - $80k||6|
About Foundation Fighting Blindness:
The Foundation Fighting Blindness was founded in 1974 by a small group of families intent on finding a cure for the disease robbing their children of sight. At that time retinitis pigmentosa, macular degeneration and other retinal dystrophies were thought to be incurable. Undaunted, these families enlisted the support of Canadian medical scientists and set to work collecting money for vision research.
The Foundation Fighting Blindness has grown to become Canada's leading private supporter of retina research, having given around $28m to eye research taking place at universities and hospitals across the country, funding research to identify the causes of genetic forms of blindness. The Foundation partners with the Canadian Institutes of Health Research as well as international collaborators in its effort to prevent blindness and restore sight.
The Foundation Fighting Blindness also works to raise awareness of blinding eye diseases and the work it does and delivers information to Canadians living with retinal degenerations, and their families through media, events, its website, and its educational conferences, Vision Quest, across the country. The charity funded 25 projects at hospitals and universities across Canada in 2014 and 43 ground-breaking studies funded by the charity were published in internationally renowned biomedical journals.
Administrative costs are 13% of revenues and fundraising costs are 46% of donations and special event fundraising revenues. Funding reserves of $3.0m (including $1.0m in donor-endowed funds) cover annual program costs and grants 1.2 times (or 0.8 times excluding donor-endowed funds).
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on August 26, 2015 by Rohan Bhargava
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.1%||14.0%||17.0%|
|Fundraising costs as % of donations||46.2%||43.4%||33.0%|
|Program cost coverage (%)||120.5%||128.8%||161.6%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||(638,050)||(509,294)||(78,659)|