Women's College Hospital Foundation

76 Grenville St
Toronto, ON M5S 1B2
President & CEO: Jennifer Bernard
Board Chair: Eden M. Oliver

Charitable Reg. #:11930 2628 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

61%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.



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Programs

About Women's College Hospital Foundation:

Founded in 1984, Women’s College Hospital Foundation (WCHF) is the fundraising arm for Women’s College Hospital (WCH). The hospital was founded in 1883 by Dr. Emily Stowe (Canada’s first female doctor) and aims to improve the quality of healthcare provided to women and marginalized groups. WCHF raises money for research, education, improved patient care, and capital projects. Its focus is on equity in the healthcare system and improving healthcare systems for more effective, affordable and convenient care.

In F2020, WCHF granted $6.3 million to WCH: $3.6 million for research and $2.7 million for capital projects and education. WCHF’s F2020 annual report provides an alternative breakdown: 27% of grants were for capital, 24% for clinical program support, 23% for research and education, 17% for research chairs, and 9% for WCH’s Institute for Health System Solutions and Virtual Care (WIHV).  

Women’s College Hospital is an ambulatory hospital, meaning it only provides out-patient care and has no in-patient beds. By focusing on out-patient care, WCH aims to avoid hospital admissions as well as reduce emergency room visits, minimize patient risk of infection by spending less time in hospital, and reduce costs to the healthcare system. WCHF supported the launch of WCH’s Transition-Related Surgeries (TRS) program in 2019. The TRS program is the first of its kind at a public hospital in Canada and was created in response to an increase in wait times for surgical services experienced by transgender patients. WCHF also supported the launch of Women’s Virtual in November 2019, which is Canada’s first virtual hospital. WCH states that over 70% of its hospital visits are now conducted virtually. Women’s Virtual offers multiple programs including an online support group for new moms, web-based education programs for patients managing chronic pain, an app that connects patients with their medical team after surgery, and an online consulting service that connects patients and primary care doctors with specialists for medical advice.

Women’s College Hospital Foundation provides research funding for WCH’s Research Institute. The Institute focuses its research on improving care and health outcomes for groups that have been historically underrepresented in research (i.e., women and marginalized groups). WCH’s most recent Research and Innovation annual report, dated F2019, states that the Institute published 365 scientific papers in national and international journals, conducted 385 presentations, and supported 304 jobs.

WIHV defines itself as a ‘living laboratory’ for health system solutions. It connects research, technology, and healthcare practices by developing healthcare solutions to fill gaps in Ontario’s healthcare system. In 2017, the Ontario Telemedicine Network partnered with WIHV to run a pilot eVisit Primary Care project that tested the effectiveness of virtual visits in reducing the time, cost and stress associated with traveling to in-person medical appointments. The pilot involved five Ontario health regions, 278 primary care doctors, and over 32,000 patients. By the end of the pilot in March 2019, over 16,000 virtual visits were conducted and 90% of visits were completed using secure text messaging. Of patients surveyed, 98% felt that virtual care was the same or better than in-person care, and 99% said they would use it again.

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Results and Impact

The new Women’s Virtual hospital runs multiple care programs, including Long Term Care+ (LTC+) for seniors requiring care at home. The LTC+ program offers a 24/7 hotline for staff at long term care homes to connect with doctors at partner hospitals throughout Toronto. 35 care homes currently use the program, and the hotline has reduced avoidable transfers to the emergency department by over 40%.

In response to the growing opioid crisis in 2017, WCH launched the Rapid Access Medicine Clinic. As of 2019, due to the model’s success, the program has been expanded to over 50 hospitals and health centres across Ontario.

While Ci highlights these key results, they may not be a complete representation of Women's College Hospital Foundation’s results and impact.

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Finances

Women’s College Hospital Foundation is a large charity that received $11.5m in donations and special events fundraising in F2020. Administrative costs are 29% of total revenue (excluding investment income) and fundraising costs are 11% of donations and special events fundraising. For every dollar donated to WCHF, 61 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending.

Not included in revenues are pledges of donations to be received in future years. WCHF reports having $16.7m in donation pledges as of F2020 ($17.6m in F2019, $17.3m in F2018).

WCHF’s audited financials do not allocate salary expenses to administrative and fundraising costs. Ci reported all compensation in administrative costs ($3.0m in F2020, $2.8m in F2019, $2.7m in F2018).

WCHF has just under $51m in funding reserves (cash and investments), of which $30.4m is donor-endowed. Excluding donor-endowed funds, the Foundation has enough in reserves to cover annual grants spending at the current level for 4.3 years.

This report is an update that has been sent to Women’s College Hospital Foundation for review. Comments and edits may be forthcoming.

Updated on August 6, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 28.7%24.6%22.3%
Fundraising costs as % of donations 10.8%10.7%8.6%
Total overhead spending 39.4%35.3%30.9%
Program cost coverage (%) 431.9%441.8%209.6%

Summary Financial Statements

All figures in $000s
202020192018
Donations 10,58710,38713,153
Special events 8722,0971,098
Investment income (1,867)2,3742,635
Total revenues 9,59314,85816,886
Grants 6,2726,42211,721
Administrative costs 3,2863,0643,173
Fundraising costs 1,2331,3381,226
Total spending 10,79110,82416,120
Cash flow from operations (1,198)4,033766
Capital spending 000
Funding reserves 50,97452,07848,259

Note: F2018 grants of $11.7m include $6.0m to Canadian Cancer Society. WCHF's audited financial statements report no capital spending.

Salary Information

Full-time staff: 25

Avg. Compensation: $111,404

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
2
$120k - $160k
3
$80k - $120k
3
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

The following comments were provided by the charity with respect to a previous profile version. Updated comments may be forthcoming.

WCH Foundation has a powerful mission to support Women's College Hospital as it revolutionizes health for women and for all. Working together with patients, family members, staff, physicians, volunteers, community members and corporations, we raise, manage and invest funds to support the Hospital's current and future priority needs. Most recently we raised over $77 million to help build the new hospital and $12 million to establish the Peter Gilgan Centre for Women's Cancers in partnership with the Canadian Cancer Society.

The majority of the funding reserves (approx. 80%) held by the Foundation are endowed by donors which means the capital must be held in perpetuity and only the income earned on these funds may be granted. The remaining 20% or $10 million available for grants results in a funding reserve calculation of 1.5 years using Charity Intelligence's methodology. It should be noted that within the $10 million are significant funds committed to multi-year support of research and clinical programs which will be granted over the next one to five years in accordance with hospital and donor agreements. When these funds are considered, the funding reserve is $6.8 million or one year.

WCH Foundation is very proud of grant support it provided of over $6 million for the 2017 fiscal year. This funding helped to support the capital redevelopment project, fund seven university affiliated research chairs, and provided needed program and research funding.

Women’s College Hospital Foundation is proudly accredited under Imagine Canada’s Standards Program.  This rigorous peer-reviewed Canada-wide process requires a charity to demonstrate excellence in governance, financial accountability and transparency, fundraising, staff management, and volunteer management. 

Charity Contact

Website: www.womenscollegehospitalfoundation.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-323-6323

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