Trillium Health Partners Foundation is a 2-star charity with high overhead costs and an above average results reporting grade. It is financially transparent. With its current reserves, the charity can cover 14.2 years of annual program costs. Before you give read Ci's report.

Founded in 1971, Trillium Health Partners Foundation (THP Foundation) raises funds for Trillium Health Partners (THP) and its three hospital sites. These are Credit Valley Hospital, Mississauga Hospital, and Queensway Health Centre. Combined, THP hospitals receive more than 1.6 million patient visits every year. Trillium Health Partners Foundation’s head office is in Mississauga.  

In F2023, THP Foundation granted $7.7m to Trillium Health Partners for equipment, research, and programs. It does not provide a spending breakdown of its grants.  

Equipment: Trillium Health Partners received 1,605,522 patient visits in F2023, including 214,779 emergency and urgent care visits. It also received 699,069 outpatient clinic visits and 65,672 inpatient admissions during the year. In F2023, THP Foundation funded the purchase of one 3T MRI (Magnetic Resonance Imaging) and two new transesophageal echocardiograms for heart surgery. THP Foundation also funded HyperArc. It is a radio surgical cancer treatment which can treat multiple brain metastases at once, reducing the number of visits necessary.  

Research: THP’s Institute for Better Health (IBH) conducts research on innovative solutions to health problems. In F2022, IBH had 196 active research projects. This included 65 clinical trials, 51 chart reviews, 46 qualitative studies, and 35 other study types.  

Programs: THP Foundation raises funds for specialized patient programs across its hospitals. THP currently has 49 community partnerships and 12 regional programs. Its Strong and Steady program provides six weeks of balance exercises and fall prevention training to seniors with a high risk of falling. It also funds the KidFit Health and Wellness Clinic to support children with obesity, type 2 diabetes, and mental health issues.  

Trillium Health Partners Foundation received $34.3m in cash donations and special events revenue in F2023. It also received $16k in government subsidies during the year. Combined overhead costs are 40% of revenues (less investment income). For every dollar donated to the charity, 60 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending.

THP Foundation has $109.1m in total reserve funds ($88.9m in F2021). These are the charity’s cash and investments. The funding reserves also include $22.4m in endowment funds, but the charity’s audited financial statements do not separate donor-endowed funds from internally-endowed funds. Total funding reserves can cover annual grant costs for 14.2 years. 

The charity’s funding reserves contributed $1.6m in investment income in F2023, at an estimated rate of return of 3%. Over the last nine years, Ci estimates that THP Foundation’s investment returns have averaged 5%. As of F2023, the foundation holds its investments in stocks (21%) and bonds (77%).

THP Foundation discloses related party transactions. In F2023, it reported grants of $7.8m to Trillium Health Partners and $105k in unpaid grant balances at year end. It received donations from two related parties, which Ci reclassified as other income. It received $16k in donations and sponsorships from Innovative Growth Ventures Ltd, a subsidiary corporation, and $23k in donations from Trillium Health Partners Volunteers, a division of THP. It also received $57k in investment income and $62k in other income from the subsidiary corporation in F2023. 

Charity Intelligence has sent this update to Trillium Health Partners Foundation for review. Changes and edits may be forthcoming. 

Updated on June 29, 2023 by Alessandra Castino.