Michael Garron Hospital/Toronto East General Hospital Foundation
Toronto, ON M4C 3E7
President: Mitze Mourinho
Board Chair: Eric Tripp
Charitable Reg. #: 11925 9448 RR0001
Grade: CThe 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 #14
Avg. Compensation $88,785
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||5|
About Michael Garron Hospital/Toronto East General Hospital Foundation:
Michael Garron Hospital Foundation (formerly Toronto East General Hospital Foundation) is the fundraising arm of Toronto East Health Network. Toronto East Health Network consists of main campus Michael Garron Hospital (formerly Toronto East General Hospital) and teaching site facilities, including Flemingdon Community Health Centre, South East Toronto Family Health Team, and South East Toronto Family Health Team. Donations to the foundation are used to invest in technology, equipment, patient care amenities, and training at Toronto East Health Network.
Michael Garron Hospital Foundation granted $1.5m to the hospital in F2017, down from $5.1m in F2016. In F2017, the hospital had 220,000 outpatient visits, 76,542 emergency visits, 2,882 births, and 431 physicians and midwives. The same year, the foundation spent donations toward refurbishing a spinal table and purchasing a new holmium laser for urology patients, 11 intensive care unit ventilators, 3 3D Echo machines, 2 treadmills for the hospital’s Wellness Centre, and a paediatric Glidescope for the hospital’s emergency department.
On December 2, 2015, the Toronto East General Hospital reports that it received the biggest donation in Canadian community hospital history from Myron and Berna Garron who pledged $50 million to the hospital. The donation led to Toronto East General Hospital changing its name to Toronto East Health Network and the name of its main campus to Michael Garron Hospital. There has been some opposition against name changing a public hospital due to donations.
Michael Garron Hospital Foundation is a Large charity with donations of $6.8m in F2017. Its administrative costs were 15% of revenues, up from 8% in F2016. Fundraising costs were 30% of donations, down from 31% in F2016 and 37% in F2015. For every dollar donated, 56 cents go to the cause, falling outside of Ci’s reasonable range for overhead spending. The foundation has funding reserves of $15.1m, including donor-endowed funds of $477k. Excluding donor-endowed funds, the funding reserve can cover grants 10 times. Using an average of the past three years of grants, the program cost coverage is 488%, which can cover grants for 4.9 years. Program cost coverage in F2017 was abnormally high as the foundation granted $1.5m in F2017 compared to $5.1m in F2016 and $5.5m in F2015.
This charity report is an update that has been sent to Michael Garron Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||14.7%||8.4%||11.1%|
|Fundraising costs as % of donations||29.6%||31.2%||36.9%|
|Program cost coverage (%)||1,009.5%||246.6%||237.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||2,423||(412)||(1,060)|