Women's College Hospital Foundation
Toronto, ON M5S 1B2
President & CEO: Jennifer Bernard
Board Chair: Christopher Knight
Charitable Reg. #: 11930 2628 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 #21
Avg. Compensation $130,075
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||5|
|$40k - $80k||0|
About Women's College Hospital Foundation:
Women’s College Hospital Foundation raises money which is granted to Women’s College Hospital in Toronto, aiming to improve the quality of healthcare provided to women. The hospital was founded in 1883 by Dr. Emily Stowe who was Canada’s first female doctor. In 1948, Women’s College Hospital was the first group in Ontario to screen healthy women for signs of cancer, and 15 years later was the first to use mammography to detect breast cancer.
In F2017, Women’s College Hospital Foundation allocated 53% of grants to hospital research. Funding from the foundation helped support research on women’s cancers, mental health, the connection between arthritis and heart disease, and development of an app connecting patients to doctors. Since many health studies conducted before 1990 did not include female patients, research on how chronic health issues affect women is necessary.
In F2017, capital projects and education received 47% of grants. In previous years, these grants supported the construction of a new Women’s College Hospital building which was completed in 2015. The foundation does not outline where the $3.2m in grants for capital projects and education were spent in F2017.
In August 2018, Jennifer Bernard became President and CEO of Women’s College Hospital Foundation. Bernard is new to Women's College but has held roles in fundraising for McMaster's Children's Hospital Foundation, Hamilton Health Sciences Foundation, Trillium Health Centre Foundation, and the Royal Conservatory of Music.
Results and Impact: It is reported that the new Women's College Hospital building has reduced wait times.
Women’s College Hospital Foundation is categorized as a large charity, receiving $11.2m in donations and special events revenue during F2017. Its administrative costs are 27% of revenues and fundraising costs are 10% of donations. Excluding surplus, for every $1 donated, 63 cents go to the cause, falling just below Ci’s reasonable range. Women’s College Foundation has $48m in funding reserves which could cover grants for almost 7 years.
Nearly all funding reserves are held as investments. Based on the value of investments held at the end of F2016 and investment income plus unrealized gains reported in F2017, the charity has a return of almost 11%.
This charity report is an update that has been sent to Women’s College Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on June 8, 2018 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||26.5%||27.8%||27.9%|
|Fundraising costs as % of donations||9.5%||11.7%||10.2%|
|Program cost coverage (%)||693.4%||174.5%||3,174.0%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||4,772||(20,571)||8,484|