Holland Bloorview Kids Rehabilitation Hospital Foundation

150 Kilgour Road
Toronto, ON M4G 1R8
President & CEO: Sandra Hawken
Board Chair: Jason Smith

Website: www.foundation.hollandbloorview.ca
Charitable Reg. #: 88932 6278 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

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #19

Avg. Compensation $101,432

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Holland Bloorview Kids Rehabilitation Hospital Foundation:

The Holland Bloorview Foundation was established in 1996 to encourage community interest and raise funds in support of Holland Bloorview Kids Rehabilitation Hospital. Holland Bloorview Kids Rehabilitation Hospital is Canada’s largest children’s rehabilitation hospital, and is focused on improving the lives of kids with disabilities. The foundation claims that their support has enabled the hospital researchers to develop new mobility and communication devices, investigate clinical therapies for children with autism, and continue research into pediatric concussions.

In F2016 the Foundation made $7.4m in grants to the hospital, which went to: research (25% of grant funding), client and family centered care (23%), research institute core funding (18%), teaching and learning (17%), community resources (9%), and participation & inclusion (8%).

Financial Review:

Holland Bloorview Kids Rehabilitation Hospital Foundation is a big-cap charity with $5m in donations and special events revenues in F2016. Its administrative costs are 5% of revenues, and its fundraising costs are 6% of donations. For every dollar donated, 89 cents go towards the foundations programs, falling within Ci’s reasonable range. The foundation has total funding reserves of $97m, resulting in a program cost coverage ratio of 1047%. This means that the foundation can cover 10 years of its annual program costs using its existing reserves.

This charity report is an update that is being reviewed by Holland Bloorview Kids Rehabilitation Hospital Foundation. Changes and edits may be forthcoming.

Updated June 30, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 5.1%5.9%11.5%
Fundraising costs as % of donations 5.5%3.4%10.1%
Program cost coverage (%) 1,046.8%1,072.8%1,134.1%

Summary Financial Statements

All figures in $000s
201620152014
Donations 3,4417,5753,652
Special events 1,5191,5701,682
Investment income 1,0078,47512,792
Total revenues 5,96717,61918,126
Program costs 1,9182,1292,207
Grants 7,3517,2936,054
Administrative costs 254540612
Fundraising costs 274307539
Cash flow from operations (3,830)7,3498,713
Funding reserves 97,026101,08593,691
Note: Ci included unrealized gains (loss) in revenues, affecting revenue by $1.7m in F2015, and by $6.4m in F2014.

Comments added by the Charity:

The Holland Bloorview Kids Rehabilitation Hospital Foundation was established in 1996 to encourage community interest and raise funds in support of Holland Bloorview Kids Rehabilitation Hospital. The Foundation is currently focused on raising $80m for the No Limits Campaign for Childhood Disability, which aims to recruit top talent, lead in collaborative research, support the family leadership program and invest in the education of future health professionals.

In 2014 the Foundation made $6.1m in grants to the Hospital in the following areas: research (49% of grant funding), teaching and learning (19%), client and family centered care (15%), community resources (14%), and participation  & inclusion (3%).

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