Hamilton Health Sciences Foundation
Hamilton, ON L8P 1A4
President & CEO: Pearl Veenema
Board Chair: Jon Jurus
Charitable Reg. #: 13115 9543 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #34
Avg. Compensation $102,482
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||2|
|$120k - $160k||2|
|$80k - $120k||3|
|$40k - $80k||0|
About Hamilton Health Sciences Foundation:
Founded in 1976, Hamilton Health Sciences Foundation (HHSF) supports health care and research at hospitals in southern Ontario and the Hamilton area. Supported healthcare centres include Hamilton General Hospital, Juravinski Hospital and Cancer Centre, McMaster Children’s Hospital, Ron Joyce’s Children’s Health Centre, McMaster University Medical Centre, and St. Peter’s Hospital. HHSF raises funds and allocates money for new equipment, facilities and research studies. Since opening in 2015, Ron Joyce Children’s Health Centre has had 60,000 patient visits; an increase of 3.5% across all programs.
In 2016, HHSF succeeded in reaching its $3m goal to raise money for a hybrid operating suite. The project is aimed to be completed in 2018 and will result in shorter surgical times, faster recovery, and less pain for cardiac and vascular patients undergoing operations. In total in F2016, Hamilton Health Sciences Foundation distributed $13.7m to its related parties. $5.5m was allocated to equipment purchases, which accounted for 40% of total grants. Other allocations include redevelopment (34%), research and fellowships (23%), and education and bursaries (3%). Equipment purchases in F2016 included 3 Neonatal Intensive Care Unit transport decks and 2 NICO Myriad Tumour Resection systems, which are used to remove brain lesions and tumours in a less-invasive manner than traditional procedures.
Hamilton Health Sciences Foundation has started a $3m fundraising campaign, Tomorrow Stems from You, to expand the clinical space for stem-cell transplants at Juravinski Hospital and Cancer Centre. The project is aimed to treat 50% more cancer patients upon completion.
Hamilton Health Sciences Foundation is a Major 100 charity with $24.4m in donations in F2016. Administrative costs were 10% of revenues and fundraising costs were 15% of donations. For every $1 donated, 76 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending. The Foundation has funding reserves of $132.6m, including $13.3m in donor-endowed funds. HHSF is able to cover annual grants 9.2 times excluding donor-endowed funds.
This charity report is an update that is currently being reviewed by Hamilton Health Sciences Foundation. Changes and edits may be forthcoming.
Updated on July 19, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||9.6%||8.2%||10.4%|
|Fundraising costs as % of donations||14.8%||11.4%||14.8%|
|Program cost coverage (%)||971.1%||819.1%||815.5%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||12,528||15,177||12,279|