Hamilton Health Sciences Foundation
Hamilton, ON L8N 3M8
President & CEO: Pearl Veenema
Board Chair: Marnie Brehm
Charitable Reg. #: 13115 9543 RR0001
Social Results Reporting
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #32
Avg. Compensation $102,603
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||3|
|$120k - $160k||3|
|$80k - $120k||2|
|$40k - $80k||0|
About Hamilton Health Sciences Foundation:
Founded in 1976, Hamilton Health Sciences Foundation (HHSF) supports health care and research at 12 hospitals in southern Ontario and the Hamilton area. HHSF raises funds and allocates money for new equipment, facilities and research studies. The foundation mainly supports Hamilton Health Sciences, which HHSF reports is the second largest family hospital in Ontario.
In 2015, Hamilton Health Sciences Foundation distributed $14.6m to the Hamilton Health Sciences hospital. The hospital was able to use these funds on new research studies, including research on the quality of life for patients, improving the lives of people with disabilities and better cancer diagnosis methods. To promote research, HHSF also gave research awards to young researchers.
Hamilton Health Sciences Foundation has started a $3m fundraising campaign to open up a Hybrid Operating Suite. It hopes to perform advanced surgeries, like minimally invasive surgeries, at the new centre. HHSF also allocated funds to start 4 new research projects. These projects include a new mobile application to support sick children and better rehabilitation for patients with brain injuries.
Hamilton Health Sciences Foundation is one of Canada's Major 100 charities. It received donations of $31.1m in F2015. Administrative costs are 8% of revenues and fundraising costs are 11% of donations. Total overhead costs come to 20% and fall within Ci's reasonable range. HHSF has total funding reserves of $120m that can cover its program costs for 8.2 years. Excluding donor-endowed funds, funding reserves can cover program costs for 7.6 years.
This charity report is an update that is being reviewed by Hamilton Health Sciences Foundation. Changes and edits may be forthcoming.
Updated on June 10th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||8.2%||10.4%||8.5%|
|Fundraising costs as % of donations||11.4%||14.8%||11.7%|
|Program cost coverage (%)||819.1%||815.5%||865.7%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||15,177||12,279||21,311|