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Women's College Hospital Foundation

76 Grenville St
Toronto, ON M5S 1B2
President & CEO: Jennifer Bernard
Board Chair: V. Ann Davis

Website: www.womenscollegehospitalfoundation.com
Charitable Reg. #: 11930 2628 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

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #21

Avg. Compensation $130,075

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 1
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

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 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. 

Financial Review:

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 Ratios

Fiscal year ending March
201720162015
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 Statements

All figures in $000s
201720162015
Donations 10,4488,6668,959
Special events 765556996
Investment income 4,471(1,597)4,314
Total revenues 15,6837,62514,269
Program costs 100
Grants 6,88224,5501,996
Administrative costs 2,9662,5642,773
Fundraising costs 1,0641,0811,016
Other costs 011
Cash flow from operations 4,772(20,571)8,484
Funding reserves 47,71942,83863,337
Note: Ci used the administrative and fundraising costs reported on the charity's T3010. In F2016, total expenses exceed the sum of listed expenses by $201. Ci removed amortization from administrative and fundraising expenses on a pro-rata basis. 

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