IWK Health Centre Foundation
Halifax, NS B3H 4S2
President & CEO: Jennifer Gillivan
Board Chair: Ivan Toner
Charitable Reg. #: 86755 8090 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
Full-time staff #34
Avg. Compensation $69,638
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||6|
|$40k - $80k||3|
About IWK Health Centre Foundation:
The IWK Health Centre Foundation (IWKF) is the fundraising arm of the IWK Health Centre in Halifax. It works in partnership with the IWK Health Centre to support their vision of providing quality care to women, children, youth and families in the Maritime Provinces and beyond.
In F2014, IWKF granted nearly $15m to the IWK Health Centre. Of this grant, $11.7m was allocated to a specified and restricted fund, supporting areas of greatest need at the IWK Health Centre. These areas include neonatal and pediatric intensive care, women's health, and mental health services for youth. The remaining $3.3m supported program initiatives, priority equipment purchases, and research at the IWK Health Centre. In the spring of 2014, the Garron Centre for Child & Adolescent Mental Health was opened at IWK Health Centre. The $10m state-of-the-art facility serves critically ill young people from Nova Scotia, P.E.I. and New Brunswick.
In F2014, the IWKF's fundraising and administrative costs were 26% of revenues less investment income. IWKF had funding reserves of $67.1m, which cover annual grants 4.5 times. Of this funding reserve, 77% is held in an endowment fund, though it is unspecified whether this fund is donor or board restricted.
This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.
Updated on August 13, 2015 by Rohan Bhargava
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||25.6%||26.8%||24.7%|
|Program cost coverage (%)||448.5%||418.1%||300.4%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||5,117||4,886||4,700|
|Cash flow from operations||2,997||695||(344)|